Proposed rules to impose a capital charge on interest rate risk on the banking book could make managing core lending much more complicated.
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 regulators have promised to keep working toward mutual recognition of each other’s derivative clearing houses, but there is an ideological gap to bridge.
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.
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.
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.
The advent of swap execution facilities has not brought about the open access to trading that buy-side participants expected.
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.
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.
The Basel Committee’s fundamental review of the trading book is an immensely complicated task, and tight deadlines have the banks in a panic.
Global Risk Regulator
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