On April 6, stakeholders in the US financial services industry were given an opportunity to critique and propose improvements to the US regulatory framework at a subcommittee hearing. Participants didn't hold back accusing US regulators of being opaque and sowing confusion. By Justin Pugsley.
Could the UK join NAFTA?
Both UK and US leaders could do with a big foreign policy win to divert attention away from more pressing matters closer to home. An ambitious free trade deal could be one way to go and would have some interesting ramifications in terms of global regulatory fragmentation, writes Justin Pugsley.
Hosting IOSCO conference endorses Jamaica’s regulatory progress
Jamaica is the first Caribbean nation to host the International Organization of Securities Commissions (IOSCO) annual conference, seen by the island’s regulators as a seal of approval on their efforts to meet international standards. By Justin Pugsley.
UK banking ethics improving, but work still to be done
Some 13% of bankers believe it is difficult to progress their careers in a completely ethical manner while a third worry about negative fallout if they raise concerns, according to the second annual report by the Banking Standards Board. By Justin Pugsley.
An unhappy 60th birthday
In March the EU celebrated its 60th birthday while the UK served notice to leave the club. The European Commission is now in a rush to alleviate the EU’s dependence on the City of London, raising the prospect of fragmented capital markets.
Bank of England steps up stress test rigour
Not only are this year’s Bank of England stress tests to be the toughest yet, but they will also break new ground in scenario analysis. Justin Pugsley reports.
UK government triggers two-year exit process from EU
UK prime minister Theresa May has finally served notice that the UK is leaving the EU, reports Justin Pugsley.
Leading trade association insists on sign-up to FX code
When the Bank for International Settlements launched its FX code of conduct there were doubts if it would really be effective. Nonetheless, it has been given a big boost by a leading trade association insisting that its members sign up to it.
G20 stands by Basel reforms
The G20 may have abandoned its cast iron pledge to stand by free trade, but it did make a strong commitment to finalise the Basel III framework, as Justin Pugsley reports.
China opens up part of financial services markets
Keen to turn itself into a global financial centre, China has opened up parts of its financial markets to foreign institutions. Justin Pugsley reports.
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