Ever-growing penalties for misdemeanours ranging from Libor rigging to money laundering are starting to undermine bank capital ratio calculations.
With a number of eye-watering fines emanating from the US in recent years, The Banker profiles the numerous regulators that are dishing out these punishments, and looks at how they police the world's largest financial market.
If universal financial inclusion is to really make a difference then it is vitally important that existing financial services are not simply made available but that new products and services are designed with the world's low-income population in mind.
Market participants are disputing attempts by the European Securities and Markets Authority to extend crucial MiFID II rules to address a new political priority.
The interest rate needed for low inflation and full employment is different from the interest rate needed for financial stability. How did this happen and what can be done about it?
Until now, banks have managed their payment and settlement obligations based upon end-of-day forecasts, but from January 2015 the Basel Committee on Banking Supervision wants to see banks monitoring their balances intraday. Frances Faulds reports on how the industry is adapting to this fundamental change to reduce operational risk.
Petar Chobanov spent little more than a year as Bulgaria's finance minister before the government resigned and he had to step down from his post. He describes the reforms that he started during his tenure and explains why it is important for the new government to continue this work.
Both the EU and New York are looking to bring digital currencies under a full regulatory regime, but their approaches are rather different.
Key legislation on the structural reform of banks held over from the previous European Parliament and European Commission may now take a back seat.
Global Risk Regulator
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