Market participants and trade associations are drawing up ‘wish lists’ ahead of the European Commission’s review of MiFID II and MiFIR
US regulatory proposals pose concerns to foreign banks operating there
US regulators have put out a set of proposals to regulate foreign banks operating within their jurisdiction, which has raised considerable concern among some banks fearing they will lead to higher capital requirements and more stringent regulation
Think tank pushes for tweaks to Basel III to support emerging market banks
The stringent requirements contained in Basel III are making life difficult for emerging market countries and their banks leading to calls for the regime to be better calibrated for their needs
Brexit and economic realities keep CMU dream alive
The capital markets union could provide a significant boost to the EU’s economy, but still faces a host of national hurdles, not least the lack of a clear road map, before becoming a reality
UK limited on how far it could change its regulatory regime post-Brexit
There has been much speculation as to how far the UK’s regulatory regime might change post-Brexit. However, any changes will be constrained by international factors, not least its future relationship with the EU
US regulatory spat over bank charters creating uncertainty for fintech
A dispute between the OCC and state regulators over special purpose bank charters is sowing uncertainty for the US fintech sector
Firms turning to automation to keep pace with anti-money laundering rules
Firms turn to automation to comply with tough anti money laundering rules as fines for infringements continue to pile up
Long-term recovery rates on corporate debt higher than Basel Committee estimates
Banks tend to recover more capital on defaulted corporates loans and do so more quickly than is widely assumed by regulators. However, this may not result in lower risk weightings for corporate loans anytime soon
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