The finalised version of the Basel Committee’s market risk capital framework reveals some important wins for the banks, but they certainly did not get it all their own way. By Justin Pugsley.
Examining the banking regulations that make you mad
Is a piece of banking regulation making you incandescent with Reg Rage? Email your suggestions for the next Reg rage to farah.khalique@ft.com
How will banks adapt to a post-Ibor landscape?
January 2, 2019The 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.
EU benchmarks regulation risks further fragmentation
November 21, 2018Third-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.
Why cognitive technologies are a double-edged sword
October 20, 2018Cognitive technologies could provide banks with new efficiencies, capabilities and innovations. But they could also cause a future crisis if not properly controlled.
Bankers fret over part two of EU securities lending rules
September 19, 2018Bankers 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.
FSB pivot from policy-making is good news for banks
August 23, 2018The Financial Stability Board is moving away from policy-making towards assessing the implementation and impact of global rules – potentially good news for bankers.
Will UK's SM&CR bring a wider culture shock?
July 26, 2018There 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.
US agencies start to simplify the Volcker Rule
July 4, 2018On 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.
The ever rising cost of global regulatory fragmentation
May 24, 2018According 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.
Banks welcome Basel accommodations on trading book
April 25, 2018The 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.