Argentina continues to walk a default tightrope

Argentina continues to walk a default tightrope

It is becoming less and less likely that Argentina will resolve its dispute with international investors over its 2002 default before its presidential election in October. The question is, will the country drift further apart from the international investor community, or will the next government bring about the structural reforms markets are impatient to see?

US and EU still divided over clearing house rules

US and EU regulators have promised to keep working toward mutual recognition of each other’s derivative clearing houses, but there is an ideological gap to bridge.

Andorra acts to save banking reputation

Andorra acts to save banking reputation

Accusations of money laundering levelled at Banca Privada d’Andorra by the US authorities threatened to destabilise the country's banking sector, so the government had to act quickly to contain the crisis. Now, Andorran authorities are keen to show that this was an isolated case and that the wider banking sector is both closely governed and performing successfully. 

Brunei's banks unperturbed by oil price drop

Hydrocarbon resources account for more than 90% of exports and more than 50% of gross domestic product in Brunei. But, thanks to the country's historical surpluses and government's spending discipline, it has weathered the storm of falling oil prices relatively well, with local banks remaining in profit and even eyeing growth.

Conduct enforcement: don’t shoot the messenger

A tougher regulatory approach to individual responsibility for anti-money laundering controls could put compliance professionals in a difficult dilemma if they do not have the support of their senior executives.

Pressure for regulators to complete US swaps revolution

The advent of swap execution facilities has not brought about the open access to trading that buy-side participants expected.

Bringing risks out of the shadows

Coming out of the shadows: regulating shadow banking

Increasingly confident that they have made the banking sector resilient to any future financial crisis similar to that of 2008, regulators are now turning their attention to shadow banking. But a very different approach may be necessary.

Malaysia shaken but not stirred

Shaken but not stirred: Malaysia sustains oil price drop

Global oil price volatility may be weighing heavily on Malaysia’s economy, but such events are not putting the country’s banking sector off its stride. Indeed, its lenders are increasingly looking to opportunities in the Asean region and Islamic banking to diversify their balance sheets. 

Basel trading book review: what’s the rush?

The Basel Committee’s fundamental review of the trading book is an immensely complicated task, and tight deadlines have the banks in a panic.

Banks and regulators need to catch their breath

The banking industry is asking regulators to pause to assess the impact of all reforms undertaken in the post-crisis environment. And not before time.

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