Joint effort required for EU’s internal models overhaul

EBA

European banks favour some degree of convergence in supervisory practices, but the challenges for the European Banking Authority should not be underestimated.

Fed faces tough choices on stress testing

Janet Yellen 167x96

No US bank failed the 2015 stress tests for lack of capital, but the potential future inclusion of capital buffers and closer alignment with liquidity measures could prove challenging for the industry. The Fed is also under pressure to shake up its methodology and make the tests less predictable.

FSOC insurance debate heats up as legal challenge looms

Jacob Lew

Procedural changes have done little to assuage political divide on whether insurers should be designated as systemically important financial institutions.

Regulators broaden examination of foreign exchange markets

Crosshairs

Already under pressure over allegations of benchmark rigging, foreign exchange traders are now facing fresh scrutiny over the practice of ‘last look’.

Regulators likely to adapt MiFID market-making rules

ESMA

The European Securities and Markets Authority may acknowledge the need for a rethink in light of consultation paper responses.

European money fund reform passes first of many hurdles

European Parliament

The European Parliament has agreed a compromise on money market funds, but member states remain deeply divided.

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