US globally systemically important banks are unlikely to gain much under the proposed Financial Choice Act when the extra levels of capital required are considered
Banks turn to tech for regulatory salvation
Technology is a double-edged sword for banks. On the one hand it is creating new competitors, but on the other it is crucial to the survival of banks in the face of intense regulatory pressure.
Finance faces its ‘uber’ moment
Back in late 2015, former Barclays CEO Anthony Jenkins warned that traditional banks face an 'uber moment' as technology and regulation increasingly disrupt their business models. However, banks are increasingly turning to some of those same technologies to fight back
Swap dealers need to address data quality issues now
Over the next two years, firms will be subject to a strong push from regulators to improve their data quality on swaps deals, leading to concerns that not all of them will be compliant in time. By Andy Green, global head of business development at Risk Focus.
Trump promises new regulatory overhaul
Donald Trump's US election victory shocked the establishment. But this might be just the beginning as his administration promises to significantly alter the country's regulatory framework for banks basing it much more on free market principles.
EBA: European banks not ready for IFRS-9
European banks are likely to struggle with new IFRS-9 accounting rules, according to a European Banking Authority survey.
UK banks given another two years on MREL
Bank of England grants UK banks another two years to comply with capital standards designed to aid the resolution of failing banks.
CFTC to access HFT sources code without subpoena
High-frequency traders with have to submit their codes to regulators on demand, and will now require a subpoena to produce them.
Cutler appointed to FINRA board of governors
JPMorgan lawyer Stephen Cutler appointed as a governor at the Financial Industry Regulatory Authority (FINRA).
Australia to ‘gold-plate’ rules regardless of US
Australia will press on with tough regulatory requirements even if the US de-regulates under Trump.
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