Richard Crecel

Higher capital buffers give banks more flexibility to recover collateral

Banks have entered the current crisis much better capitalised than the last one, meaning they may have the luxury of timing when it comes to realising collateral on the coming surge in non-performing loans  

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UK hopes to boost financial sector by leveraging climate change, fintech and proportionate regulation

On November 9, UK finance minister Rishi Sunak, set out an ambitious future for the UK’s financial sector, based on tackling climate change, promoting fintech, openness and proportionate regulation

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Biden victory ushers in tougher environment for US banks

Higher taxes and tougher regulation potentially beckon for the big US banks as the new Democrat administration shifts emphasis towards climate change, healthcare and social priorities

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Digital currencies pose financial stability dilemma for central banks

Digital currencies are a brave new frontier for central banks and could confer many benefits to the economy, but there are also a number of prudential concerns that must be addressed before they are unleashed on the financial system. 

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BCBS mulls strengthening Basel framework following Covid-19 impact

The financial impact of the Covid-19 pandemic on banks could see the Basel Committee on Banking Supervision review parts of the Basel framework, with the BIS’ Agustín Carstens offering some clues as to where tweaks might be made.

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OCC’s renewed banking charter push proves controversial with regulators and banks

A renewed drive by the OCC to create a national bank charter for fintechs is pitting US regulators against each other and is a concern for commercial banks as it would allow big techs to compete more aggressively.

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Reforming Australia’s responsible lending rules could be start of deregulatory drive

Australia’s rules around consumer lending face a big shake-up with some politicians declaring them too prescriptive, which has raised questions over whether this is a one-off or the start of a deregulation drive.

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UK finance bill is uncontroversial but does not preclude more radical action

The UK has published its keenly anticipated finance bill outlining the country’s post-EU regulatory regime, which contained few surprises. However, industry sources warn that it does not preclude divergence with the EU.

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Model-based analysis improves trader surveillance

Market abuse is increasingly less tolerated by supervisors, sending financial firms scrambling for ways to curb it. One potential solution is to use model-based analysis to find this type of misconduct 

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MAR review likely to leave industry partially disappointed

The European Commission’s review of the Market Abuse Regulation has the industry hoping that some of the more contentious elements will be rectified, but it is already clear to a panel of experts that upcoming revisions will only go so far.

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Failure to enact solutions is holding CMU back

A panel of industry experts at an AFME conference called on EU authorities to focus on balance and investor outcomes as part of their regulatory review partly meant to infuse momentum into the Capital Markets Union

How is IOSCO driving a global ESG agenda for securities markets?