FSB consults around framework for data reporting and incentives to reduce misconduct risk within financial firms
China’s CBRIC collects 3 trillion records to gain better insight into financial system
The newly formed CBRIC has gathered over 3 trillion records so as to gain greater insight into China’s large and complex financial system
SEC consults on enhancing retail investor protections
The SEC has launched a consultation on how to better protect retail investors by, for example, asking broker-dealers to be clearer over potential conflicts of interest. Justin Pugsley reports.
Banks looking into more consistent modelling methodologies
An organisation called Global Credit Data has made big strides in providing sufficient loss given default data to banks for corporate loans. Its next step is to drive consistency around internal model outputs. By Justin Pugsley.
US banks are simpler, but growing tax haven presence a concern
The largest US banks may have simplified their organisational structures, often at the behest of regulators, but New York Fed researchers found the number of subsidiaries in secretive tax havens has risen. Justin Pugsley reports.
IOSCO conference focuses on fintech and investor protection
IOSCO’s annual conference focused on four key areas relating to digitisation and better protection for retail investors. Justin Pugsley reports.
Banks' recovery stalls amid compliance costs and fines
The recovery of banks has started to falter as they contend with a growing body of new rules and hefty financial penalties for misconduct and non-compliance. Justin Pugsley reports.
SFC CEO reappointed as IOSCO chair
Securities and Futures Commission chief executive Ashley Alder has been reappointed as chair of the International Organization of Securities Commissions’ new board. Justin Pugsley reports.
SFC signs up to international enforcement initiative
Hong Kong’s SFC is among the first to sign up to an IOSCO initiative designed to make it easier for securities regulators to work with each other to route out financial misconduct. By Justin Pugsley.
Banks recover 75% of defaulted debts from large corporate borrowers
A new report based on comprehensive bank data-sets finds that banks tend to recover 75% of debts from defaulting larger corporate borrowers
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