The US Federal Reserve’s controversial decision to go ahead with tougher rules for large foreign banks operating in the US could prove one of the regulatory landmarks of the post-crisis era, writes Charles Piggott.

The jury is out on whether US regulators should follow EU plans to restrict high-frequency trading, writes Charles Piggott. For the moment, the CFTC is still listening to both sides

European parliamentarians are drafting their own compromise on the Single Resolution Mechanism after slow progress in trialogues, writes Philip Alexander.

Standardised approach and non-model floor could render banks’ investment in new risk management systems irrelevant, says Philip Alexander.

The New York Fed has warned tri-party repo participants that the time has come to address the risk of fire sales in the event of a major dealer default, writes Charles Piggott.

The EU’s CRA III regulation is gradually entering force, writes Philip Alexander, with fees, sovereign ratings and a public information platform attracting attention.

AUCKLAND, NEW ZEALAND AND NEW YORK – Rejecting criticisms that Basel’s Committee on Banking Supervision (BCBS) has watered down the leverage ratio requiring banks to hold a minimum level of capital against their total exposure, BCBS chairman Stefan Ingves has reminded banks that “the issue of calibration is still open”.

WASHINGTON DC – Timothy Massad, presidential nominee to succeed Gary Gensler as the chairman of the Commodity Futures Trading Commission (CFTC) told senators during his confirmation hearing on March 6 that pursuing wrongdoers and working closely with overseas regulators were among his priorities.

NEW YORK – Following massive declines in swap trading volumes in the first week of mandatory trading on swap execution facilities (SEFs), SEF-traded interest-rate swap volumes rebounded back to near normal levels according to capital markets research and advisory firm TABB Group. “Evidence suggests investors increasingly are testing the swap futures waters,” said TABB Group on March 5.

HONG KONG – The Securities and Futures Commission of Hong Kong (SFC) has launched a two-month consultation on how best to tighten regulation of alternative liquidity pools (ALPs), also known as automated trading systems or dark pools.