At its first meeting, the US-UK Financial Regulatory Working Group discussed the impact of Brexit on financial stability, the outlook for financial regulatory reforms and on how the two jurisdictions could work together going forward
BIS report finds electronic markets to be increasingly fragmented
BIS notes significant changes to fast paced electronic markets, such as the entrance of new players, while big banks have become increasingly important as liquidity providers.
Dawn Stump sworn in as CFTC commissioner
CFTC swears in new commissioner with background in consulting and policy
UK regulators up pressure for firms to abandon Libor
UK regulators up the ante on financial firms to switch from using scandal hit Libor rates to more secure alternative interest rate benchmarks
Regulators collaborate to form global fintech sandbox
Eleven regulators club together to launch global sandbox to foster shared experiences among participants and to help fintech firms scale up more quickly in several jurisdictions at once
European Commission takes Spain and Slovenia to court over implementation failures
European Commission takes Spain and Slovenia to court over the failure to implement certain financial rules
US tax reforms ‘could exacerbate bank cyclicality’
Recent changes to the US tax code involving less generous treatment on certain deductions could result in greater cyclicality of higher leveraged banks and non-financial firms making them more sensitive to swings in the economic cycle and potentially undermining bank capital buffers. By Justin Pugsley.
US dollar borrowing being driven by debt securities
US dollar credit to non-banks based outside the US continued to grow at a steady clip, driven by debt securities issuance
Luxembourg CSSF appoints two directors
CSSF appoints two directors to oversee fund sector and banking supervision
ESMA finds progress on MiFID compliance among NCAs
ESMA finds 16 NCAs have made progress on their MiFID implementation though outstanding issues remain with some supervisors
Most Viewed
- EMIR REFIT has potential to trigger unintended consequences
- The return of geopolitics will cause global banks considerable headaches
- Transitioning away from Libor is littered with legal pitfalls
- Macron to drive eurozone and regulatory convergence
- Post-Covid-19 new normal could see banks having to rethink resilience measures
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