South Africa is undergoing financial reforms, one of which is to introduce a new twin peaks model that separates out conduct and prudential regulation. Justin Pugsley reports.
MiFID II forcing dark pool operators to evolve
MiFID II is having a profound impact on trading strategies and relationships across the European financial services sector – and operators of ‘dark pools’ are no exception. Justin Pugsley reports.
UK's senior managers & certification regime likely to see more investigations
As the UK’s senior managers and certification regime is extended more investigation are likely to ensue though it may not lead to a sharp rise in corresponding disciplinary enforcement actions.
Banks question role of ‘three lines of defence’ model for risk management
Risk management models such as the three lines of defence might be losing their effectiveness for banks following the avalanche of new rules and different ways of operating since the global financial crisis. By Todd Partridge, vice president of product marketing at Synchronoss.
Italy’s bank rescues raise hackles in Germany
It seems that not all resolution conditions for failing banks are equal across the EU, with Italy managing to sidestep Europe’s resolution regime to deal with two of its failing banks.
European Commission ponders transaction tax to fill budget hole
European Commission ponders pan-EU funding alternatives to plug loss of UK contributions once the country leaves the bloc, including a tax on financial transactions.
UK remains top investor destination for financial services
The UK remains by far the top European destination for foreign direct investment for financial services according to an EY survey, but firms are clearly concerned about the outcome of the UK's negotiations to leave the EU.
Japan's Financial Services Agency rethinks its supervisory approach
To help spur sustainable economic growth, Japan is looking to loosen the supervision of its banks to make it easier for them to lend.
ESMA sets out principles for attracting London-based financial firms
The European Securities and Markets Authority has set out nine principles for EU financial centres to follow when they bid to host financial firms looking for a new EU location.
MiFID II rules could see European institutions reduce broker relationships
EU rules designed to separate broker fees from the cost of research could lead to fewer broker relationships.
Most Viewed
- EMIR REFIT has potential to trigger unintended consequences
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- Could an outcomes-based approach heal regulatory fragmentation?
- The PRA’s demanding liquidity framework is a commercial opportunity
- Link between sovereign debt and bank solvency must be cut
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