The European Commission recommends focusing on four policy areas to accelerate the clean-up of the continent’s non-performing loans to help develop the banking and capital markets unions. Justin Pugsley reports.
China merging its regulators to improve supervision
China’s authorities are tightening their grip on the financial sector by merging some of its regulators and redistributing some responsibilities, amid growing concerns over excessive leverage and risk taking. By Justin Pugsley.
Basel Committee consults on easing trading book requirements
Basel Committee consults over giving banks more leeway around measuring risk and capital requirements for their trading books
Basel Committee consults on amendments to credit loss accounting rules
The Basel Committee on Banking Supervision is seeking feedback on technical amendments to bank disclosure requirements relating to credit loss accounting rules
US ponders lobbying for Quarles to head FSB
US may lobby for the Federal Reserve’s vice chairman of supervision to take over chairing the Financial Stability Board when the Bank of England’s Mark Carney steps down
Could European safe bonds end crisis doom loop?
Eurozone authorities are pondering a new type of security that could simultaneously resolve bank reliance on domestic sovereign bond markets for regulatory capital and stimulate the banking and capital markets unions. However, making it work won’t be easy. Justin Pugsley reports.
Policy-makers losing faith in global regulatory cooperation
One of the few benefits of the global financial crisis is that it spurred greater international regulatory cooperation making it easier to tackle looming challenges. However, that could be under threat due to growing mistrust between EU, US and UK policy-makers, warned a member of the European Parliament
Three months on real impact of MiFID II yet to be felt
Given the huge fanfare in the build up to MiFID II going live, it may come as a surprise to some that three months in nothing much has changed in Europe’s markets, according to a recent roundtable discussion. However, some potential trends are emerging, which could impact market liquidity and transparency
US Treasury advocates a more rules-based bank resolution process
In its fourth report on reforming the US financial system, the US Treasury has once again steered away from advocating radical action. It would make relatively little change to the current US infrastructure for resolving a large failing bank.
A regulatory race to the bottom?
Contrary to what some EU policy makers believe, the UK is not about to engage in a regulatory race to the bottom post-Brexit. It simply wouldn’t make sense, would violate global agreements and actually damage the City of London
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