The EU standard-setter suggests a better Basel framework for credit valuation adjustments would make the corporate exemption easier to abolish.
In the first Senate Banking Committee hearing on regulatory reform, senators from both parties pushed for greater Congressional oversight.
Many of the proposed regulatory reforms have been advocated for some years, but implementing them remains a political challenge.
The New York Department of Financial Services has at least partly reassured entrepreneurs over virtual currencies, but European operators are left in limbo.
Banks are rethinking their leveraged loan underwriting policies, although there is still little precision around what deals may fall foul of regulators.
- Basel must tread carefully on risk-weight floors
- Obama budget calls for bank levy and hike in regulatory spending
- Pressure builds on EU to end corporate CVA capital exemption
- Open approach cannot hide fundamental rift on insurance capital standards
- Resolution rules bring new round of valuation challenges