Ever-growing penalties for misdemeanours ranging from Libor rigging to money laundering are starting to undermine bank capital ratio calculations.
Latest articles from Philip Alexander

Finance becomes victim instead of cause of risk
October 13, 2014The financial sector may be moving down the list of global risks, but this does not come as much of a relief to the banks themselves, writes Philip Alexander from the IMF and World Bank annual meetings in Washington DC.
Tracking eurozone asset quality questions
October 1, 2014
Eurozone banks that have taken an aggressive stance to risk-weighting their assets may face most scrutiny from the European Central Bank’s comprehensive assessment.
Europe stretches the rules to reach high-frequency trading
September 29, 2014Market participants are disputing attempts by the European Securities and Markets Authority to extend crucial MiFID II rules to address a new political priority.
Regulation gets real for virtual currencies
August 26, 2014Both the EU and New York are looking to bring digital currencies under a full regulatory regime, but their approaches are rather different.
Espirito Santo crisis highlights continued struggle in periphery
August 22, 2014
The crisis at Portugal’s Banco Espirito Santo has raised fresh doubts about the recovery of banks in the peripheral eurozone.

National Bank finds appetite for Greek assets
August 1, 2014National Bank of Greece has completed a share offering and a highly successful bond placement in the space of two key months for the bank's turnaround.

Is cross-border resolution too big to solve?
August 1, 2014A growing number of countries have introduced resolution regimes for their systemically important banks, but making sure they work together globally is a larger challenge.
New priorities confuse EU regulatory drive
July 28, 2014Key legislation on the structural reform of banks held over from the previous European Parliament and European Commission may now take a back seat.
ECB leaves eastern Europe feeling stressed
July 1, 2014Austrian banks are complaining that the eurozone stress test is biased against central and eastern Europe.