This year’s CCAR and stress test exercises contain soaring unemployment numbers as part of their scenario along with problems in the corporate debt market
Fed to open up on its models in bid to make stress testing more transparent
In line with recent rhetoric, the US Federal Reserve is pressing ahead with making its CCAR and stress testing exercises more transparent and is also granting greater access to its models in line with industry demands
Eurozone banks face cash run assessment in 2019 stress tests
Eurozone banks face test over how long they can last without access to funding markets and cash runs
EU-Swiss accord remains deadlocked
The EU and Switzerland are struggling to agree a new bilateral agreement covering areas ranging from financial services through to the free movement of people with some commentators believing the draft agreement to be dead
UK regulators demand emergency powers in case of ‘no-deal’ Brexit
Demands by regulators for unprecedented emergency powers to deal with a ‘no-deal’ Brexit raised concerns with UK law makers that it could create a democratic deficit
European securitisations soar but loose ends on STS could stop progress
A leap in European securitisation activity late last year could come to a halt this year as some technical standards on the EU’s STS framework still need clarification
Realisation sinking in that Libor’s days are numbered
A visible shift towards alternative risk free rates to replace scandal tarnished Ibors is happening, but regulators remain concerned over whether the pace is fast enough
Ripjar marshals AI for the fight against money laundering
Failing to stay on top of money laundering activity is going to become increasingly expensive for banks in Europe, from the point of view of regulatory sanctions, and this is forcing them to look closely at AI and machine learning solutions to stay ahead of the curve.
Basel shifts on FRTB, but banks still see compliance as challenging
FRTB has been finalised and though the revised framework contains some changes asked for by the industry, there were few surprises and banks did not get everything they wanted.
Firms brace for MiFID II related sanctions as regulatory patience runs out
Just over a year on, it turns out that many firms are still struggling with various aspects of MiFID II leaving them vulnerable to sanctions as regulatory patience is wearing thin
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