Finance and regulation experts are startled at how much the EU is deviating from Basel guidelines in its latest banking reforms, raising fears of non-compliance with international banking standards.

SEC sets challenging deadline on T+1 settlement
Industry preparations for the transition to T+1 settlement for US securities transactions have been underway for more than two years, but nonetheless there are concerns that the SEC’s chosen May 2024 implementation deadline will prove difficult to hit.

Hong Kong’s 'ambitious' virtual assets trading proposals
The financial centre wants to launch a new licensing regime, which includes opening up retail investor access.

UK reveals ambition to be global crypto hub
Rather than plotting a totally new regulatory course, the UK plans to place crypto within its existing mainstream financial services framework.

UK joins the CBDC party: how do digital pound plans compare to those for digital euro?
Exploratory work on a digital euro has been underway for more than a year, yet in some ways the UK’s early digital pound proposals are more defined.

Securities industry asks big questions about SEC’s equity market reforms
Industry body seeking more time and data to understand the true impact of the major package of proposals.

Regulators consider voluntary carbon market involvement
Regulators are considering the extent to which they should be intervening to ensure voluntary carbon markets are functioning effectively. Is the industry best placed to police itself or is formal action needed by supervisors?

WhatsApp fines: is the regulatory net widening?
US broker-dealers were under the spotlight last year for electronic communications record-keeping failures, but they are not the only firms facing regulatory probes.

Big talk on big banks from the OCC
The Office of the Comptroller of the Currency is hinting strongly that it wishes to break up the biggest US banks yet, for now, is still readily approving meaty bank mergers.

Basel III capital ratios for largest global banks fall to pre-pandemic levels
Ratios fell from their H2 2021 record highs to pre-pandemic levels in the latest Basel Committee on Banking Supervision Basel III Monitoring Report

ECB to monitor banks on digital transformation
The bank will undertake targeted reviews and on-site inspections where it feels further investigation is needed

Fed releases 2023 stress test scenarios
The Federal Reserve released its scenarios on February 9 for its annual stress testing exercise, including a new exploratory market shock test for some banks.

US Treasury warns on cloud risks for financial services
Report suggests that there needs to be better information sharing and collaboration between cloud service providers, firms and regulators.