International US asset managers will be affected by MiFID II

US asset managers and brokers with EU clients will find themselves caught up in the far-reaching Markets in Financial Instruments Directive II.

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.

Steven Mnuchin web

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 

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