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.
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
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.
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.
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
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.
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.
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.
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.
