GLEIF inks deal with SWIFT to make it easier and more efficient for firms to identify counter-parties.
House of Representatives to give community banks more options
US House of Representatives votes to give community financial institutions more leeway to raise capital.
SFC sounds more warnings over cryptocurrencies
The SFC makes further warnings on cryptocurrencies and writes to exchanges and ICO issuers to ensure they are compliant with Hong Kong’s rules.
ECB: banks have made great strides but need to do better
EU banks have made good progress according to an ECB conference on banking supervision. However, ECB officials expressed concerns over bad loans and low profitability at some banks.
Big tech poses threat to financial stability, bankers warn
Banks call for big tech firms to be subject to same rules as them as they move into financial services and warn that this could threaten financial stability.
Rise of market-based finance “not a major threat to financial stability”
Market-based finance providers such as asset managers have helped to dramatically increase the size of the shadow banking sector, raising the spectre of toxic risks finding a new home. But this is a thesis challenged by the Bank of England’s deputy governor for financial stability. By Justin Pugsley.
CLO legal victory could free other structured products from risk retention rule
A legal victory for the CLO sector opens the possibility that other securitised products could be exempt from risk retention rules.
SEC makes $1.658bn budget request
The SEC seeks to increase its budget by 3.5% to beef up its cybersecurity, IT, data and risk capabilities.
Switzerland refines regulatory approach to ICOs
Switzerland has refined its approach to ICOs and will judge each one individually before deciding the body of rules they should be subject to.
China’s fast-evolving shadow banks deepen links with formal sector
China’s rapidly evolving shadow banking sector has been affected by a raft of new rules, but is nonetheless finding ways to adapt and is deepening its links with the formal sector. By Justin Pugsley.
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