Central counterparty clearing houses are not carrying enough capital and should be subject to tougher rules, says a JPMorgan white paper. Justin Pugsley reports
Academics warn over unwinding resolution mechanisms
US professors warn that unwinding resolution mechanisms designed to deal with failing banks quickly will not limit too-big-to-fail or prevent excessive risk taking. Justin Pugsley reports
Mnuchin orders regulators to examine Volcker rule
US Treasury secretary Steven Mnuchin orders regulatory agencies to investigate a softening of the Volcker rule.
European Council approves EU prospectus rules
EU prospectus rules gain European Council approval in boost to European Capital Markets Union.
Financial transaction tax could help plug EU budget holes
An EU-wide transaction tax could alleviate member state contributions to the union’s budget.
Hensarling hits back at Times article over Financial Choice Act
Jeb Hensarling attacks New York Times article claiming the Financial Choice Act makes bank failures more dangerous for the financial system.
Libor alternatives start to take shape
After many delays and difficulties, industry and regulators are inching towards choosing alternatives to the London interbank offered rate, with the UK close to selecting one for sterling rates. By Justin Pugsley
EU bankers struggle with investor allocation rules
EU rules coming into force in 2018 on justifying investor allocations for new bond issues are proving a headache for banks, reports Justin Pugsley
Brexit prompts EU to hasten regulatory clean-up
The scramble among EU-27 financial centres to host UK located firms looking for a new home in the Union is likely to accelerate the drive towards regulatory convergence. By Justin Pugsley.
ESAs likely to gain more power following European Commission review
The European Commission’s review of the three European supervisory authorities is likely to grant them more power. But it could also lead to some quite radical outcomes. By Justin Pugsley.
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