August 15, 2017

In an interview with Global Risk Regulator, the secretary general of the Basel Committee on Banking Supervision Bill Coen expressed confidence that Basel III would be signed off this autumn and also indicated flexibility if some measures do not perform as anticipated

Steven Mnuchin web

US Treasury lays out road map for Dodd-Frank reforms

In its review of Dodd-Frank, the US Treasury has come up with a comprehensive set of proposals and has given considerable thought to implementation – which will involve circumventing the Senate as much as possible. By Justin Pugsley.

Stephane Giordano web

Firms hoping for some leniency on MiFID II as clock ticks

There are still numerous loose ends around the EU's Markets in Financial Instruments Directive II, and with less than six months to go before it goes live the industry is hoping regulators will take a lenient view on compliance. By Farah Khalique.

Tommaso Di Ruzza web

AIF spearheads Vatican drive to comply with global rules

The Vatican City’s financial regulator is unique being based in the world’s smallest state and oversees just one institution. Yet that shouldn’t downplay the supervisory challenges it faces. By Justin Pugsley.

Market data

How quants could trigger the next financial crisis

A new book claims that the complex models used by banks underestimate and misunderstand risk, and could therefore be sowing the seeds of the next financial crisis. By Justin Pugsley

Barnier Davis web

Third-country equivalence becomes entangled in Brexit politics

The EU's thinking around third-country equivalence for financial services has become bogged down in the politics surrounding the UK's exit from the EU, meaning clarifications will probably be delayed for years. By Farah Khalique.

JJ Mares web

European Commission seeks to turbo-charge CMU

The European Commission set out ambitious plans for driving forward the capital markets union, but much will depend on the cooperation of the EU’s other policy stakeholders if they’re to become a reality. By Justin Pugsley.    

Banco Popular web

EU resolution regime aces Banco Popular test amid criticism

Despite earlier concerns over the eurozone’s complex bank resolution mechanisms, the rescue of Banco Popular worked admirably, though it has raised some questions. By Justin Pugsley.  

Guido Cozzi web

Moody’s downgrade of China – settling to a new normal?

Improvements to China’s regulatory system and better data could result in a more realistic reflection of China’s economy – but, ironically, this adjustment of previously inflated figures could look like a slowdown. By Guido Cozzi, professor of macroeconomics at the University of St Gallen.

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