US equities markets face the biggest shake-up in decades if SEC chair Gary Gensler gets his way, but it will be a journey strewn with legal obstacles that could ultimately sink the whole project.
Policy-makers ponder tackling systemic debt vulnerabilities
Private sector debt ratcheted up during the Covid-19 pandemic. Now regulators want to figure out how this will hit countries facing a post-pandemic recession – and what policy-makers can do to ease the pain.
Onus on ESG funds to clean up act or face regulatory enforcements
Amid fears that a wave of greenwashing scandals could break, global regulators have launched a multi-layered strategy to combat mis-selling, spearheaded by dramatic enforcement actions that may yet target individuals.
Crypto faces moment of reckoning
It turns out that crypto is not an independent parallel financial system after all and is closely tethered to the traditional financial system and its recent meltdown will see policy-makers double down on regulating the sector. By Justin Pugsley
EU brings crypto into regulatory perimeter
Crypto-assets, their issuers and crypto-asset service providers (CASP) have been pulled into an EU-wide regulatory framework for the first time following a provisional agreement between the European Council and the European Parliament announced on June 30.
UMR threatens to bar smaller financial firms from OTC derivatives markets
Smaller financial firms could be frozen-out of parts of the over-the-counter derivatives market if they do not quickly implement the systems required under uncleared margin rules.
IOSCO seeks to guide securities regulators on market data fees row
Traders in secondary markets argue they are getting short-changed on data – and global standard setter IOSCO agrees and is urging securities regulators to tackle the problem.
Banks ace stress tests - but next one might be harder to pass
As the prospects for the US economy darken, the stress test results published on June 23 show systemically important banks are able to swallow substantial losses if a recession materialises.
New identifier helping track systemic risks in OTC derivatives on track for launch
The unique product identifier looks set to launch from late next year as major jurisdictions are managing to stay on track.
ANNA driving identifier interoperability to improve digital asset market transparency
Driving interoperability between identifiers to improve transparency in digital asset markets is one of the top priorities for the Association of National Numbering Agencies.
Deteriorating economic conditions resurrect eurozone crisis fears
Soaring inflation, volatile markets and deep economic uncertainty have resurrected fears that the eurozone is being stalked by another crisis, though not all share that view.
Banks slam FDIC for changing appeals process without ‘proper’ consultation
Changes in the way the US Federal Deposit Insurance Corp (FDIC) handles supervisory appeals has generated a backlash from the industry which accuses the agency of having proceeded without proper public comment or notice.
Bank of England makes controversial move to scrap mortgage affordability test
UK mortgage affordability test requirements by lenders will be scrapped by the Bank of England (BoE) from August 1 in a move that has raised concern in some quarters, though the loan to income (LTI) ratio limit will remain.
Credit Suisse run in with FCA is a warning to others
Credit Suisse is no stranger to controversies. Over the last decade, official investigations and leaks to journalists have revealed the bank’s facilitation of suspect activities, from tax fraud and secret loans to forex manipulation and money laundering. By Max Heywood, head of public sector at Elucidate
Are stablecoins a threat to financial stability?
