Donald Trump's US election victory shocked the establishment. But this might be just the beginning as his administration promises to significantly alter the country's regulatory framework for banks basing it much more on free market principles.
IFRS-9 accounting rules will have a big impact on how banks provision for losses, and that influences capital requirements. The Basel Committee on Banking Supervision is therefore suggesting an implementation delay, but even that could have unintended consequences. By Farah Khalique
The European Savings and Retail Banking Group is calling on the Basel Committee on Banking Supervision to postpone its final decisions on calibration, warning that the proposed reforms are a threat to many European banks, which will badly affect the real economy. By Chris De Noose, managing director of the European Savings and Retail Banking Group (ESBG).
By watering down final rules on contract data, which are crucial for the orderly resolution of failing firms, US authorities have missed an opportunity to drive greater digitisation within the industry. By Akber Datoo, managing partner, D2 Legal Technology.
Disagreements between Brussels and Basel look likely over upgrades to rules on standardising regulation on measuring risk capital requirements. But European Commission president Jean-Claude Juncker’s priority to boost growth by protecting bank interests could well prevail. By Jeremy Woolfe.
The Trump administration could radically reform US financial regulation – and the real powerbroker behind the process is likely to be vice president Mike Pence.
The trend towards falling liquidity in sovereign bond markets could have serious regulatory repercussions for banks, says the head of the Global Risk Institute (GRI). By Justin Pugsley.