The Court of Justice of the EU's rejection of British attempts to appeal against a European short-selling ban could signal a new degree of harmonisation on financial regulation.
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
Deposit guarantee schemes are vital to maintaining retail customer confidence in the banking system and it is logical to give them a greater role in bank resolution.
Counterparties to derivative trades have a wide range of considerations to think through in less than two months before new European regulations come into force.
Banks, regulators and consultants are all trying to preserve a Basel capital measurement that relies on a discredited process of risk-weighting assets.
As bankers lose confidence in the link between their performance and their pay, their attention turns to work-life balance instead.
When it comes to the issue of global warming, a carbon tax that forces all sides to put their money where their mouth is on the futures market could help to resolve a long-running debate.
Shifting regulatory responsibility away from international bodies and putting it into national hands is threatening the globalised nature of banking. The banking community should instead be concentrating on broadening and strengthening the remit of international supervisors.
The process for deciding upon and implementing global reforms could be made much more effective and time efficient if the global supervisory community invested more in technology, which would improve both international communications and data collection and analysis.
The UK's financial regulators are seeking to encourage more competition in the country's banking sector by making it easier to establish a new bank, but there are non-regulatory barriers as well.
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