Top stories

Patricia McCoy

Untested macroprudential tools struggle for credibility

Regulators are increasingly adopting countercyclical regulations designed to control real estate bubbles in particular, but experts are undecided on their effectiveness.

Federal Reserve Building

Fed extends its reach with M&A proposals

The US Federal Reserve’s concentration limit proposal has caused a ruckus by creating a burden for firms that do not currently report to the Fed. 

Long road

Financial benchmark reform faces a long road

Proposals by the Financial Stability Board have been welcomed, but industry veterans say changing the habits of benchmark end-users is the deepest challenge.

Insurers still find global capital requirements a blurred vision

New consultation on Basic Capital Requirement suggests it is far from a binding constraint, but the industry frets about how it will fit with other proposals.

Disclosures scrutinised as banks await ECB test results

Continued distrust of banks’ reported book values have put financial reporting under the spotlight. Charles Piggott reports on the issues worrying analysts and regulators alike.

Industry costs up expected losses ahead of new IFRS 9 rules

Publication of the final International Financial Reporting Standards (IFRS 9) in July has left firms working to calculate their expected loan losses ahead of rules that come into effect on January 1, 2018.

CFTC charges Lloyds with manipulation of Libor

Lloyds Banking Group has agreed to pay $105m to settle charges brought by the US Commodity Futures Trading Commission (CFTC).

SEC vote on improved ABS disclosure unanimous

On the same day the US Securities and Exchange Commission (SEC) voted to adopt widespread measures to prevent credit rating conflicts of interest (see above), SEC commissioners also voted unanimously to require greater disclosure of information about the credit quality of underlying loans packaged into asset-backed securities (ABS).

Credit rating agency reform splits SEC vote

New rules requiring credit rating agencies to demonstrate stronger governance controls, and enhanced transparency and accountability were narrowly approved by a three-to-two majority by the US Securities and Exchange Commission (SEC) on August 27.

We use cookies to improve site performance and enhance your user experience. If you’d like to disable cookies on this device, please see our cookie management page. If you close this message or continue to use the site, you consent to our use of cookies on this device in accordance with our cookie policy, unless you disable them.