Almost two years since the fall of Lehman Brothers, the UK regulator is assessing proposals that could see a major shake up of the way prime brokers handle their clients' assets. Writer Charlie Corbett

US and European regulators want as many over-the-counter derivatives as possible to be traded on exchanges or cleared through a central counterparty but the foreign exchange market will not go quietly. Writer Frances Maguire

Foreign policy, fiscal pressures, financial reforms and far-reaching litigation are all provoking a flow of cases that threaten to overburden international banks doing business in the US. But the banks are fighting back. Philip Alexander reports.

The global financial system needs better supervision, but this should not come at the expense of local regulatory expertise and participation in decisions that affect individual countries.

Change to the Basel framework must, and will, happen. But many bankers question whether version III will be any more successful than efforts I or II. Writer Geraldine Lambe

MiFID is moving up the agenda, with a major review due this year that is likely to see its post-trade transparency regime for equity markets extended to non-equity markets. Bond dealers are understandably nervous. Writer Michael Imeson

The Reserve Bank of New Zealand has strengthened its liquidity requirements for banks. It will be expensive, but at least they'll be operating on a sounder footing. Writer Michael Imeson

Using hard data to gauge which international finance centres are leading the world, The Banker's ranking tables make for some fascinating - and often surprising - insights. Writer Silvia Pavoni