A CFTC Commissioner said the SLR is slaughtering the clearing industry and is a fundamental misunderstanding as to how activities such as margining work
Data pooling grows to alleviate FRTB non-modellable risk factors
A growing number of data pooling solutions are springing up in a bid to help banks reduce their capital charges on holding relatively illiquid assets on their trading books. By Justin Pugsley.
SIFA strives to keep Samoa in line with global rules
Samoa’s financial authority is determined to keep the country compliant with the latest international rules on anti-money laundering and tax transparency, which is proving demanding in terms of resources. By Justin Pugsley.
Regulators mull NSFR impact as Basel Committee shows flexibility
The Basel Committee on Banking Supervision is attempting to smooth the global implementation of the net stable funding ratio as governments fret over its impact on bank lending.
Moves to replace Libor could create contractual disputes
The move towards new more robust interest rate benchmarks has the potential to create disputes in structured finance transactions as their documentation mostly does not envisage a transition to new reference rates. By Justin Pugsley.
UK-EU transition deal fraught with uncertainty
The City of London is pushing for the UK and EU to agree a transition deal as part of the Brexit negotiations, which could be a bridge to an ‘expanded equivalence’ model for financial services. By Justin Pugsley.
IOSCO publishes report on other credit rating agencies products
IOSCO says credit rating agencies should adhere to objectives of integrity and quality with regards to non-traditional products they offer end-users. Justin Pugsley reports.
IMF highlights nine banks that could struggle with profitability
The IMF has identified nine systemically important banks that may need greater regulatory scrutiny due to doubts over the sustainability of their profits. Justin Pugsley reports.
APRA’s Byres fleshes out Australia’s regulatory priorities
Australian regulators are fleshing out the parts of the capital framework that will need tweaking to ensure the country’s banks remain resilient in the face of a long-running property boom. Justin Pugsley reports.
London extends lead as top financial centre
The City of London has extended its lead in financial services despite concerns over the UK’s exit from the EU in March 2019. Justin Pugsley reports.
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