The world’s leading central banks have decided to raise integrity and transparency levels in the vast foreign exchange markets with a new code of conduct. And given the current mood music around market conduct, it probably has a good chance of being adhered to despite its voluntary nature. By Justin Pugsley
Issues relating to conduct are rapidly rising up the list of priorities for UK regulators, which is having a significant impact on the City of London. In an attempt to combat this, UK regulators have introduced the Senior Managers and Certification Regime. Justin Pugsley reports.
The unbundling of research from trading commissions represents a major change in the way banks and brokerages produce analysis for their clients and the French supervisor has taken a lead in this debate by appealing for a level playing field and an end to ‘gold-plating’. By Justin Pugsley.
The fundamental review of the trading book by the Basel Committee on Banking Supervision is proving a tough piece of prudential regulation to implement, because it probes weaknesses such as banks’ siloed nature and differing data standards across departments. Justin Pugsley investigates.
Reviving Europe's moribund securitisation market was always going to be difficult, partly due to the harsher capital treatment meted out by the Basel Committee on Banking Supervision. But proposals being discussed in the European Parliament risk smothering it completely – if they ever see the light of day. By Justin Pugsley
The contingent convertible bond, or cocos, market got off to a poor start in 2016, particularly at Deutsche Bank, and new issuance of the bonds is expected to slump. However, if investors steer clear of the asset class, will banks still be able to meet upcoming capital requirements?