The authorities are determined to wean the financial system off using interbank offered rates. The problem is that the transition is happening painfully slowly and industry may not be ready in time. By Justin Pugsley.

Third-country benchmark administrators are struggling to comply with the EU’s benchmarks regulation, potentially threatening to cut off some EU entities from non-EU financial markets.

Cognitive technologies could provide banks with new efficiencies, capabilities and innovations. But they could also cause a future crisis if not properly controlled.

Bankers are becoming increasingly anxious over the second stage of the EU’s securities financing transaction regulation, which involves greater granularity of reporting around securities lending. By Justin Pugsley.

The Financial Stability Board is moving away from policy-making towards assessing the implementation and impact of global rules – potentially good news for bankers.

There is early evidence that banks are changing their corporate cultures in light of regulatory initiatives such as the UK’s Senior Managers & Certification Regime. It is no surprise, therefore, that other regulators are taking a greater interest in it. By Justin Pugsley.

On May 30, the US Federal Reserve kicked off with a 60-day consultation to try and make the Volcker Rule work better for banks and the regulator. This is likely to be quite a challenging process as creating clear definitions around different types of trading, for example, is quite difficult.

According to a recent study, diverging regulatory frameworks across the world are costing financial institutions $780bn a year – and the bad news is this could get worse. By Justin Pugsley.

The Basel Committee on Banking Supervision is in listening mode and has granted some important concessions about how the bank trading book should be governed – but banks are still concerned about non-modellable risk factors. By Justin Pugsley.

The US Department of the Treasury released a report on February 21 detailing suggested reforms to US bank resolution mechanisms, but the recommendations were more notable for what they do not want to change than what they want to amend. By Justin Pugsley.