Has the global harmonisation of banking regulation led to an overly universal approach? International and EU policy-makers should consider introducing less complex regulations for small, low-risk institutions.
Latest articles from Viewpoint
Jean Pierre Mustier: Why streamlining is crucial for Italy's banks
January 2, 2017Italy has been slow to bounce back from the financial crises that have rocked both the globe and the eurozone, but its banks are driving recovery by taking tough measures to slim down and sharpen their focus.
Sir Howard Davies: A transitional Brexit would best serve the City
January 2, 2017With information on Brexit still sketchy, the City of London should push for an interim arrangement with the EU. Otherwise there is a risk that continued uncertainty will cause financial institutions to pull out.
to read
The private path to meeting the UN's Sustainable Development Goals
October 19, 2016The chief executive and general manager of the Islamic Corporation for the Development of the Private Sector discusses the role the private sector can play in achieving the UN’s Sustainable Development Goals.
Fixing the Ukraine banking sector: a central bank governor's guide
October 3, 2016A get-tough approach has been the only way to reform Ukraine's under-regulated, corruption-ridden financial system, writes the country's central bank governor, Valeria Gontareva.
The challenge of Brexit: banks’ resilience is no excuse for complacency
October 3, 2016The UK's Brexit vote in June came as a blow to most in the EU, but the lack of widespread financial shock in the immediate aftermath of the vote showed how the improvements made to the euro area's post-crisis banking sector are paying off. France's central bank governor looks at why this was the case, but warns there is no room for complacency and calls for further progress on the economic part of the EU’s agenda.
Why the Philippines must reform its tax system to end uneven growth
October 3, 2016Over the past few decades, the Philippines has enjoyed stellar economic growth but its poverty rates have remained unacceptably high. Its newly appointed finance secretary explains how his tax reforms will bring an end to this situation.
Why India backs fast-tracking of the IMF's global quota and governance reforms
October 3, 2016The IMF and World Bank must adapt their governance and quota reforms to reflect the growing global role of Asia and the rise of emerging economies, writes India's finance minister.
Why an EU capital markets union is more necessary than ever in a post-Brexit landscape
October 3, 2016Europe needs a capital markets union, and the UK's decision to leave the EU just makes the case stronger and more urgent than ever, writes the vice-president of the European Commission.
UBS investment bank president calls for Europe-wide collaboration
October 3, 2016Bank capital ratios throughout the eurozone have reached sky-high proportions since the financial crisis, but the persistent low interest rate environment continues to pose a threat to their profitability. For the region to move forward, industry-wide collaboration is the key, writes the president of UBS's investment bank.