The fundamental review of the trading book is due for completion by the end of 2015, but impact studies have thrown up some alarming results.
The Financial Stability Board has worked hard to complete its total loss-absorbing capacity rules for banks, and individual jurisdictions must ensure clear and co-ordinated implementation.
Banks and regulators should not depend too much on risk models, but overruling them altogether can be illogical and economically damaging.
International disagreements on issues such as central clearing house margins and bank bail-in leave national regulators weaker, not stronger.
Venture capital for small businesses, long-term investors for infrastructure and new funding channels for banks will be the priorities for the next stage of the European Commission's capital markets union plans, says European commissioner Jonathan Hill.
Japan's mega-banks – Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group – have faced a number of challenges over the past few years, from the country's low-interest-rate environment to its ageing population. However, by diversifying their revenue sources and geographical portfolios, these lenders are managing to defy stagnant domestic conditions.
China's One Belt, One Road initiative – building a new Silk Road between western Europe and China's east coast as well as improving the Maritime Silk Road – will be a major game changer for international trade. Stefania Palma assesses its possible impact.
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