Basel Committee publishes notes of its March 15-16 meeting, which included discussions around assessing the consistency of members’ implementation plans of the Basel III framework
Regions
ESMA caps hit dark pool trading
ESMA moves to cap trading on dark venues for equities in a bid to maintain market transparency.
High court judgement potentially narrows whistleblower protections
A high court judgement could reduce protection under the Dodd-Frank and Sarbanes-Oxley acts for whistleblowers to report suspected violations of securities laws, such as insider trading. By Justin Pugsley.
Basel Committee consults on easing trading book requirements
Basel Committee consults over giving banks more leeway around measuring risk and capital requirements for their trading books
Basel Committee consults on amendments to credit loss accounting rules
The Basel Committee on Banking Supervision is seeking feedback on technical amendments to bank disclosure requirements relating to credit loss accounting rules
US ponders lobbying for Quarles to head FSB
US may lobby for the Federal Reserve’s vice chairman of supervision to take over chairing the Financial Stability Board when the Bank of England’s Mark Carney steps down
Could European safe bonds end crisis doom loop?
Eurozone authorities are pondering a new type of security that could simultaneously resolve bank reliance on domestic sovereign bond markets for regulatory capital and stimulate the banking and capital markets unions. However, making it work won’t be easy. Justin Pugsley reports.
Policy-makers losing faith in global regulatory cooperation
One of the few benefits of the global financial crisis is that it spurred greater international regulatory cooperation making it easier to tackle looming challenges. However, that could be under threat due to growing mistrust between EU, US and UK policy-makers, warned a member of the European Parliament
Three months on real impact of MiFID II yet to be felt
Given the huge fanfare in the build up to MiFID II going live, it may come as a surprise to some that three months in nothing much has changed in Europe’s markets, according to a recent roundtable discussion. However, some potential trends are emerging, which could impact market liquidity and transparency
US Treasury advocates a more rules-based bank resolution process
In its fourth report on reforming the US financial system, the US Treasury has once again steered away from advocating radical action. It would make relatively little change to the current US infrastructure for resolving a large failing bank.
