The 35 banks participating in this year’s US stress tests were hit by theoretical rising credit card loans going bad and the real effects of recent accounting changes while some of the banks' capital plans were challenged.
Trade bodies highlight industry concerns with new benchmarks
A group of trade bodies have published a report highlighting a number of industry concerns with new interest benchmarks designed to replace the tainted Ibors.
China opens up financial services to foreign investors
China moves to liberalise key sectors of its economy, such as financial services, to foreign investors to try and help ease global trade tensions.
ESMA clarifies EMIR liquidity risk assessment requirements
ESMA makes some clarifications around CCP liquidity reporting requirements in an opinion notice to national competent authorities
IEA advocates rethink of UK regulatory regime post Brexit
With the UK presumably set to have the power to set its own financial rules post Brexit, a debate is taking place over whether the regulatory framework should be changed, with one influential think tank calling for a thorough re-examination. By Justin Pugsley.
Fed taking deeper interest in banks’ use of machine learning
The US Federal Reserve is looking at how the financial services industry uses machine learning to see if it needs to alter its regulatory approach
SEC commissioner Piwowar sends letter of resignation
SEC commissioner Michael Piwowar tends resignation, noting much has been done for the “forgotten investor”. Justin Pugsley reports.
Global standard setters clarify standardised securitisations
The Basel Committee on Banking Supervision and the International Organization of Securities Commissions have set out further guidance on simple, transparent and comparable securitisations. Justin Pugsley reports.
China’s banks continue global rankings dominance
China’s banks remained the largest in the world by assets in 2017 following strong asset growth over the last decade. Justin Pugsley reports.
BIS says it is complying with FX code of conduct
More than 150 market participants have signed-up to the voluntary FX global code of conduct as the deadline passes with the BIS announcing its adherence
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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