The Financial Stability Board (FSB) said in a report that most leveraged loans are originated and held by banks, and they have the largest exposure to the sector and note the increasing role of non-bank financial institutions.
Experienced insider Andrew Bailey to take over at Bank of England
Andrew Bailey, the chief executive of the Financial Conduct Authority (FCA) is to take over as governor of the Bank of England (BoE) from Mark Carney on March 16.
China further opens banking market to foreign players
Measures have been put in place that remove total asset requirements for foreign banks establishing operations in China by the country’s banking regulator, which is also lowering rules around foreign shareholdings in joint venture lenders.
SEC proposing changes to stock market data feeds governance
Following years of complaints from users, the US Securities and Exchange Commission (SEC) is proposing changes to the governance of stock market data feeds.
US regulators clash over direction of CRA reforms
US regulators are at odds over reforms to the Community Reinvestment Act (CRA), a measure designed to meet the credit needs of low- and moderate-income neighbourhoods.
BIS blames hedge funds for worsening repo market volatility
The Bank for International Settlements says the actions of leveraged hedge funds exacerbated volatility in the US repo markets.
Review of Dodd-Frank is warranted, say SEC and CFTC commissioners
Two commissioners from the SEC and the CFTC believe that Dodd-Frank needs reviewing as it is too regulator-centric and there should be a return of powers to private firms. By Justin Pugsley.
EU countries attempt CMU reboot
The capital markets union has been an EU dream that never seems to quite materialise. An initiative by seven EU countries is attempting to push it forward, but most commentators are sceptical of it succeeding
FCA ponders UK rules post-Brexit
A conversation is beginning around the future of the UK’s regulatory regime post-Brexit, with the Financial Conduct Authority (FCA) talking about adopting a broader outcomes-based approach and is even questioning disclosure levels. By Justin Pugsley
Could an outcomes-based approach heal regulatory fragmentation?
Many regulators favour judging rules on their outcomes and with the UK set to leave the EU there is a chance that this approach could gather momentum and may even help deal with regulatory fragmentation
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