Hong Kong’s regulators are to apply most of the steps they outlined in an earlier consultation, such as mandating the use of legal entity identifiers and implementing a clearing obligation for standardised Australian dollar swaps
France enacts counter-cyclical buffer as ECB looks to exit ultra-lose monetary policy
French regulators tell banks to enact counter-cyclical buffer to meet potential threats to the economy
FSB consults on draft Cyber Lexicon for use by authorities and industry
The FSB is consulting on the most appropriate terms and definitions to use in its cyber lexicon with a view to presenting a final version at the G20 Summit in November.
Basel III hits exchange-traded derivatives
Basel III rules hitting exchange traded derivatives by restricting credit to some proprietary traders.
ISDA publishes new Irish and French law master agreements
ISDA provides Irish and French legal versions of its master agreements for firms looking to trade derivatives in the EU once the UK has left the union.
Fourteen firms get deadline extension on resolution plans
Fed and FDIC give 14 firms a one-year extension to file their resolution plans.
EBA prods financial firms to speed up hard Brexit preparations
The European Banking Authority has hit out at financial firms’ lack of speedy preparation for the possibility that the UK may leave the EU without a trade deal or a transition arrangement.
China winning battle against financial risks
China’s regulators appear to be winning their multi-year battle to curb risks to their financial system, according to a leading credit rating agency.
Parallel currencies within eurozone would pose serious systemic risks
Radical ideas are surfacing with parts of the eurozone in the grips of a populist rebellion, but the idea of parallel currencies as floated by the parties behind Italy’s new government could have truly negative systemic consequences if ever tried out
Tough conduct rules reshaping banking culture
The UK’s tough conduct regime for senior managers appears to be prompting financial institutions to engage in a deep rethink of their governance and operational procedures, but it could also be having some unexpected consequences
Most Viewed
- EMIR REFIT has potential to trigger unintended consequences
- The return of geopolitics will cause global banks considerable headaches
- Stress testing to evolve to keep pace with changing risks
- US universal banks should become smaller and more efficient
- Market participants lobbying over short Emir 2.1 timelines
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