Gary Gensler 2021

Gensler’s game-changing equity markets revamp faces tall hurdles

US equities markets face the biggest shake-up in decades if SEC chair Gary Gensler gets his way, but it will be a journey strewn with legal obstacles that could ultimately sink the whole project.

Mark Sobel

Policy-makers ponder tackling systemic debt vulnerabilities

Private sector debt ratcheted up during the Covid-19 pandemic. Now regulators want to figure out how this will hit countries facing a post-pandemic recession – and what policy-makers can do to ease the pain.

Felicity Hall

Onus on ESG funds to clean up act or face regulatory enforcements

Amid fears that a wave of greenwashing scandals could break, global regulators have launched a multi-layered strategy to combat mis-selling, spearheaded by dramatic enforcement actions that may yet target individuals.

BLM crypto

Crypto faces moment of reckoning

It turns out that crypto is not an independent parallel financial system after all and is closely tethered to the traditional financial system and its recent meltdown will see policy-makers double down on regulating the sector. By Justin Pugsley  

Crypto

EU brings crypto into regulatory perimeter

Crypto-assets, their issuers and crypto-asset service providers (CASP) have been pulled into an EU-wide regulatory framework for the first time following a provisional agreement between the European Council and the European Parliament announced on June 30. 

Bob Stewart

UMR threatens to bar smaller financial firms from OTC derivatives markets

Smaller financial firms could be frozen-out of parts of the over-the-counter derivatives market if they do not quickly implement the systems required under uncleared margin rules.

Equity ticker

IOSCO seeks to guide securities regulators on market data fees row

Traders in secondary markets argue they are getting short-changed on data – and global standard setter IOSCO agrees and is urging securities regulators to tackle the problem.

US Fed building

Banks ace stress tests - but next one might be harder to pass

As the prospects for the US economy darken, the stress test results published on June 23 show systemically important banks are able to swallow substantial losses if a recession materialises.

Emma Kalliomaki

New identifier helping track systemic risks in OTC derivatives on track for launch

The unique product identifier looks set to launch from late next year as major jurisdictions are managing to stay on track.

Stephan Dreyer

ANNA driving identifier interoperability to improve digital asset market transparency

Driving interoperability between identifiers to improve transparency in digital asset markets is one of the top priorities for the Association of National Numbering Agencies. 

Paschal Donohoe

Deteriorating economic conditions resurrect eurozone crisis fears

Soaring inflation, volatile markets and deep economic uncertainty have resurrected fears that the eurozone is being stalked by another crisis, though not all share that view.

FDIC

Banks slam FDIC for changing appeals process without ‘proper’ consultation

Changes in the way the US Federal Deposit Insurance Corp (FDIC) handles supervisory appeals has generated a backlash from the industry which accuses the agency of having proceeded without proper public comment or notice. 

For sale signs

Bank of England makes controversial move to scrap mortgage affordability test

UK mortgage affordability test requirements by lenders will be scrapped by the Bank of England (BoE) from August 1 in a move that has raised concern in some quarters, though the loan to income (LTI) ratio limit will remain. 

Max Heywood

Credit Suisse run in with FCA is a warning to others

Credit Suisse is no stranger to controversies. Over the last decade, official investigations and leaks to journalists have revealed the bank’s facilitation of suspect activities, from tax fraud and secret loans to forex manipulation and money laundering. By Max Heywood, head of public sector at Elucidate

Are stablecoins a threat to financial stability?