Examining the banking regulations that make you mad

Reg Rage

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Using a sledgehammer to crack a nut

In response to a request from the European Commission, a recent consultation paper from the European pensions body looks at ways the proposed Solvency II directive for insurers could be applied to occupational pensions. Many in the industry see far more problems than solutions in its application

Europe rotates the ratings messenger

New European Commission proposals to force issuers to rotate ratings agencies every three years could lead to less stable and accurate ratings.

MiFID II: an end to the reign of OTC transactions

The European Commission has published MiFID II in an attempt to shake up the financial markets. But with the EC's radical overhaul of the framework, how will it affect the over-the-counter derivatives market?

Turkey fixes a regulator that isn’t broken

Turkish financial regulators are widely credited with steering the sector successfully through the global financial crisis. So why is the government abolishing their independence?

EU divided over scope of derivatives regulation

The European Market Infrastructure Regulation is designed to bring some much-needed stability to the over-the-counter derivatives market, but disagreements about exactly what it is should cover are slowing its progress. It is looking increasingly unlikely that the EU will not meet the G-20 deadline.

Is CRD4 too far, too soon for a fragile Europe?

The European Commission has finalised its proposal on the fourth iteration of the Capital Requirements Directive. It makes the EU the first jurisdiction to pass into law the Basel III rules agreed last year. Many are worried about the impact it may have while European economies remain fragile.

Dodd-Frank Act's long arm is felt around the world

On the one-year anniversary of Dodd-Frank, much may have been achieved, but almost as many rule-making deadlines have been missed. More importantly, there are growing industry concerns that lack of agreement about how to apply the extraterritorial reach of US regulation is a problem that just will not go away.

Basel III struggles to define liquid assets

The liquidity coverage and net stable funding ratios are intended to ensure that Basel III fills the gaps left by the previous Basel accord. But defining suitable liquid assets is proving difficult.

Will ESMA succeed with the credit rating agencies?

New European regulation on credit rating agencies will soon come into force. And while everyone is in agreement on the need for improvement, opinion is divided on the best way to achieve this. So will ESMA make a difference?

US FATCA move leaves foreign financial institutions feeling the strain

The US's Foreign Account Tax Compliance Act puts onerous burdens on foreign institutions to capture data about US clients and any clients with ownership of US assets, and to report related tax information to the country's tax authorities. For banks, it is a huge task but they had better do it well, as this is likely to be the first of many such schemes.