US asset managers and brokers with EU clients will find themselves caught up in the far-reaching Markets in Financial Instruments Directive II.
Americas
CFTC voices post-Brexit concerns over euro clearing
The prospect of the EU mandating the clearing of euro trades within the EU is likely to strain the bloc’s relationship with the US.
Small banks likely to be biggest beneficiaries of Dodd-Frank reforms
Given strong levels of cross party-political support, smaller banks are likely to be the biggest long-term beneficiaries of the US administration’s efforts to reform Dodd-Frank.
SEC views cyber-crime as a leading market threat
The US Securities and Exchange Commission is increasingly concerned over the growing number of cyber-attacks aimed at the finance sector.
US banks pass CCAR and stress tests with flying colours
This year US banks passed the CCAR and stress tests with flying colours, clearing the way for big shareholder give-aways.
SEC and CFTC ask Congress for more money
The SEC and CFTC ask Congress for more money to fulfil their evolving mandates.
Fischer warns over being too complacent over financial stability
Risks to financial system currently moderate, says vice chairman of the Federal Reserve, while warning about complacency.
US Treasury lays out road map for Dodd-Frank reforms
In its review of Dodd-Frank, the US Treasury has come up with a comprehensive set of proposals and has given considerable thought to implementation – which will involve circumventing the Senate as much as possible. By Justin Pugsley.
Mnuchin orders regulators to examine Volcker rule
US Treasury secretary Steven Mnuchin orders regulatory agencies to investigate a softening of the Volcker rule.
Academics warn over unwinding resolution mechanisms
US professors warn that unwinding resolution mechanisms designed to deal with failing banks quickly will not limit too-big-to-fail or prevent excessive risk taking. Justin Pugsley reports
