The UK may have returned to growth, but with its budget deficit still dangerously high, the economy largely failing in its drive to develop non-banking sectors. Given the lack of political ambition to solve either of these problems, it is only a matter of time before it falls back into a recession.
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An enhanced regulatory discipline recalibrated almost two years ago, conduct risk has served as a point of confusion for firms due to the lack of prescriptive guidelines provided by the regulator. However, this is no excuse for ignoring the issue.
The sovereign risk weight subsidy is an obvious target for regulators looking to shore up bank balance sheets, but getting rid of it will be easier said than done.
The addition of a Russian seat on the Society for Worldwide Interbank Financial Telecommunication's board of directors should not be interpreted as a political move by the organisation.
As the Bank of England is modernised, with clearer communications between central bank and the City of London at its core, Brian Caplen highlights the problems that a more formalised communications system may bring about.
Much of the success of the Turkish banking sector is down to the internal practices of individual lenders, says Akbank chairperson Suzan Sabancı Dinçer, which means that the sector can expect to remain resilient, even when wider economic conditions are not in its favour.
Secondments would provide regulators with greater expertise, but potential conflicts of interest must be carefully handled.
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