The EU should abandon a one-size-fits-all mentality to ensure a diverse banking market by setting proportionate regulation and encouraging innovation, says Chris de Noose of the European Savings and Retail Banking Group.
The Bracken column
The Bracken column is named after Brendan Bracken, the founding editor of The Banker in 1926 and chairman of the modern-day Financial Times from 1945 to 1958.
Latest articles from Bracken
Determining how UK financial services interact with the EU following the referendum will be no easy task. One approach might be to look to how banking regulation was originally negotiated, suggests former Association for Financial Markets in Europe director Peter Beales.
The shadow banking sector got a bad press after the global financial crisis, but it can be a valuable source of innovation while helping to mitigate financial risk, writes Harald Benink of the European Shadow Financial Regulatory Committee.
Nearly a decade on from the financial crisis, subsequent reforms have put the UK at the forefront of banking standards. But there is no room for complacency, warns Anthony Browne of the British Bankers’ Association.
The professionalism and ethics of individual bankers is too important to be left to each bank on its own: the industry as a whole needs to come together to set new standards, says Simon Thompson.
The UK regulator has proposed rules that would enable a former employer to refuse deferred bonus payments or claw back the bonuses of former employees accused of misconduct or mismanagement. Gary Freer of law firm Bryan Cave looks at the hurdles these rules will have to clear.
Accelerating the EU's fourth anti-money laundering directive will place additional burden on compliance professionals, but the rewards are clear given the need to combat the threat of terrorism, writes Kieran Beer of the Association for Certified Anti-Money Laundering Specialists.
The annual Microscope global report on financial inclusion provides a kind of open-source regulation for fostering the right environment to give everyone access to banking and credit services, wherever they are, writes Michael Schlein, president and chief executive of Accion.
The knee-jerk reaction from Germany overlooks the potential benefits of an EU-wide deposit insurance scheme for the whole European banking system.