The Basel Committee’s fundamental review of the trading book is an immensely complicated task, and tight deadlines have the banks in a panic.
Latest articles from Western Europe
Restructured and recapitalised, the Cypriot banking sector has emerged from its recent crisis more resilient and far more stable, according to the country's central bank governor, Chrystalla Georghadji.
Portugal has endured a painful economic rescue programme following its bail-out, but now markets are slowly recognising that the country's economy has bottomed out and growth is forecast.
Proposals for the mandatory buy-in of securities if trades fail to settle could drive market-makers out of the market.
Much of the success of the Turkish banking sector is down to the internal practices of individual lenders, says Akbank chairperson Suzan Sabancı Dinçer, which means that the sector can expect to remain resilient, even when wider economic conditions are not in its favour.
As the Swiss National Bank removed its cap against the euro, the risk of borrowing in foreign currencies was made clear, as countries that had been busily borrowing in the Swiss franc reeled at the impact of its sudden appreciation.
As the need to resolve the eurozone crisis intensifies, member states seem to be moving further apart on key issues, including the architecture of the union and the terms of Greece's bail-out package. But while political rifts open up, many economists agree that the only way forward is by working towards greater economic integration.
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