Ben Pott

Grey areas remain as benchmark rules near final shape

Europe’s benchmark regulation is an ambitious attempt to protect consumers from price manipulation, but has left many industry participants feeling uncomfortable as the rules often collide with other directives.

BCBS

Basel move on external ratings welcomed, but concerns remain

Banks welcomed the use of external ratings as part of the regulatory risk assessment process. However, they still have issues concerning granularity and sensitivity as laid out in the latest ‘revisions to the standardised approach for credit risk’ published by the Basel Committee on Banking Supervision.

Nadav Shatz, Comsec

Cyber resilience of financial infrastructure providers under scrutiny

The rising threat of cyber-attacks is pushing regulators to pay closer attention to the resilience of banks and financial infrastructure providers. 

City of London - Getty

Brexit vote puts City of London on edge

Outside of the EU, the City of London would be faced with a very uncertain future though it may also present some opportunities as the UK would  be free to sign its own trade deals and better fine tune its financial regulation.

 

Akber Datoo - D2 Legal Technology,

Financial firms exposed to OTC contract risks

Master netting agreements are key to capital efficiency for trading over-the-counter derivatives, but financial firms are leaving themselves open to regulatory challenges if those legal documents are not kept up to date.

Sigmundur D Gunnlaugsson - Getty

Banks face scrutiny over Panama Papers

Banks face more scrutiny as regulators react to revelations contained in the so-called Panama Papers over the widespread use of offshore companies by clients potentially looking to avoid tax

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