Examining the banking regulations that make you mad

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ECB pushes case for internal models

April 26, 2017

The European Central Bank is undertaking a major project to ensure the internal models used by eurozone banks work properly. A useful spin-off could be to tackle the Basel Committee on Banking Supervision’s scepticism over their use, as Justin Pugsley reports.

Industry sweats over fast-approaching MiFID II deadline

March 27, 2017

The EU is hurtling towards the implementation of MiFID II, a huge body of rule changes that no one will be ready for. Some regulatory flexibility will have to be shown or the process may end up resembling a car crash. By Justin Pugsley.

The last stressful US stress test?

February 23, 2017

In their latest stress tests of systemically important banks, US regulators are reinforcing their focus on risk management, controls and governance, while differentiating more between complex and non-complex large firms. Justin Pugsley reports. 

Basel IV: down but not out

January 29, 2017

The finalisation of the Basel accords has been delayed, leading to the very real possibility that global agreements on financial regulation could be left up in the air.

Basel Committee consults on IFRS-9 capital bombshell

December 19, 2016

The new accounting standard IFRS-9 will have a dramatic impact on how banks provision for credit losses, leading the Basel Committee on Banking Supervision to consult on how to manage its effect on capital requirements. Justin Pugsley reports.

Can SM&CR revive banks' reputations in UK?

November 28, 2016

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.

France takes lead in unbundling debate on research

October 24, 2016

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.

Basel trading book review tests banks' implementation mettle

September 26, 2016

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.

Europe’s securitisation dreams stumble on parliamentary road block

August 30, 2016

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 

Banks step up efforts to fight RWA proposals

July 20, 2016

There is growing exasperation in the banking community regarding the Basel Committee on Banking Supervision’s desire to reduce variations in bank risk-weighted assets in the name of simplifying comparisons, writes Justin Pugsley.

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