Examining the banking regulations that make you mad

Reg Rage

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EC weighs in on interchange fee battle

Legal battles over MasterCard and Visa’s interchange fees have raged for years in various markets around the world, but now the European Commission is pushing ahead with legislation that will cap the level of the fees, which will have major repercussions for card-issuing banks and the payments market. 

PSD2: playing with firewalls

The European Commission's proposed update to the Payment Services Directive will allow third parties to penetrate banks' security firewalls, which is leaving banks understandably nervous.

Securitisation still suffering capital punishment

New regulations for banks and insurers governing capital requirements on holdings of securitised assets include some improvements, but may not be enough to make the product viable in Europe.

Basel’s trading book theory struggles with the practice

The fundamental review of the trading book set out to simplify the capital management of market risk, but has ended up drifting away from the reality of the business.

US regulators put the squeeze on liquidity

The US Federal Reserve’s proposals to implement the liquidity coverage ratio component of Basel III involves hitting their deadline sooner than Basel's recommendations and tighter definitions of liquid assets.

Can the FSB steer the repo debate?

The proposals on securities lending and financing in the Financial Stability Board’s paper on shadow banking have reassured market participants, but it is unclear whether they will override more draconian ideas.

Sanusi delivers shock therapy to Nigerian banks

The Central Bank of Nigeria shocked the market in July when it hiked cash reserve requirements for public sector deposits, a move it says is already paying off.

New regime loosens grip on Russian banks

The Central Bank of Russia’s new governor has overseen a relaxation in the capital requirements proposed to implement the country’s version of Basel III. 

Mixed messages for UK mortgage market

The UK Treasury is trying to help lenders step up mortgage financing, but new regulatory agencies are focused on controlling systemic risk.

European Council leaves buy-side in the dark

A compromise proposal brokered by the Irish government would limit the proportion of EU equities traded in unlit venues. But critics say it is unnecessary and unworkable.

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