FSOC warns over Fannie Mae and Freddie Mac financial stability threat

The government sponsored enterprises (GSE) Fannie Mae and Freddie Mac could threaten financial stability and may need more capital according to the Financial Stability Oversight Council (FSOC). 

SEC chairman believes SPACS offer healthy competition to IPOs

Special purpose acquisition companies (SPACS) accompanied by adequate disclosures offer healthy competition to traditional initial public offerings (IPOs), said the chairman of the US Securities and Exchange Commission (SEC), Jay Clayton.

Pauline Lambert

Banks gear up for tougher stress tests

Covid-19 and climate change are sending supervisors back to the drawing board when it comes to the design of stress tests to ensure banks are fully prepared for an increasingly uncertain future

Olivia Perney

Banks can weather the pandemic storm

Analysts are confident that most banks can cope with the economic impact of a second wave of the Covid-19 pandemic, but they warn that losses could nonetheless pile up

Alan Houmann - Citi

UK’s financial services ambitions could boost City of London

As the UK disentangles itself from the EU, it is showing that it has big ambitions to foster more cross-border financial services trade, a move which if successful, could prove to be a boon for the City of London  

Antitrust considerations delay ISDA launch of IBOR fallbacks documentation

The launch of derivatives fallback documentation as part of the move away from interbank offered rates (IBORs) produced by the International Swaps and Derivatives Association (ISDA) has been delayed as it awaits a ruling on US competition law.

Fed extends capital conservation measures for banks

For the fourth quarter of this year, banks with more than $100bn in total assets will be prohibited from making share repurchases, the US Federal Reserve said in a statement.

Money market funds potentially face more rules

New rules for money market funds could be in the works following comments from deputy US Treasury Secretary Justin Muzinich that the reforms dating from the 2007-9 global financial crisis may not go far enough. 

Francis Maude

Growing EU-UK financial services rivalry driving divergence

The EU is making revisions to its regulatory framework suggesting that it wants to deregulate to take on the UK in financial services, a move which could see the two jurisdictions quickly diverge on their rulebooks.

Wind and solar

Mixed evidence that green bonds are accelerating transition to low carbon economy

Are green bonds really playing a part in decarbonising the economy? The BIS, for one, has some doubts and to help make sure these securities more closely match their moniker, it has suggested a carbon rating system specifically for firms