Larry Wall

Is curbing compensation incentives the most powerful regulatory tool?

Could influencing the way bankers are compensated, namely around risk taking incentives, be key to tackling financial instability? It is a question a paper from the Atlanta Fed attempts to answer

Steve Eisman

Steve Eisman believes Canadian banks are under-estimating credit risks

Steve Eisman, who became world famous for his successful bet against US mortgage related CDOs in the run up to the 2007-9 global financial crisis has set his sights on Canada’s banks for his latest short selling punt

Moves to limit retail investor information on CAT welcomed by congressmen

Moves by the Securities and Exchange Commission (SEC) to limit the amount of information it collects on individual investors has been welcomed by some members of the House Financial Services Committee following a series of big data breaches.

FINRA sets up fintech office

A new unit has been set up by the Financial Industry Regulatory Authority (FINRA) to monitor and coordinate new uses of financial innovation with its member firms.

CFTC proposes improvements to swap data reporting requirements

The Commodity Futures Trading Commission (CFTC) proposes updating rules around swap data repository and data reporting requirements to make them more effective and technology compatible.

SEC gives broker-dealers more time to comply with extra disclosure requirements

Broker-dealers are being given extra time by the Securities and Exchange Commission (SEC) until October 1, to comply with additional disclosure rules around the handling of customer orders.

CFTC proposes slew of changes to derivatives clearing rules

The Commodity Futures Trading Commission (CFTC) has proposed a number of changes to derivatives clearing rules. The proposals, which are out for consultation, are designed to address management and reporting obligations, to clarify certain provisions, simplify processes for registration and reporting and codify existing staff relief and guidance, the CFTC said in a statement.

Regulators propose easing living will requirements for smaller banks

US Federal prudential regulators are consulting on easing requirements for smaller banks that pose less risk with their living wills to be submitted every three years instead of on a two year basis.

Consultation on excluding large custody banks from parts of supplementary leverage ratio

Banks engaged mainly in custodial activities should be able to exclude deposits at central banks from their supplementary leverage ratio, according to the three main US prudential regulators.

Two tested CCPs pass CFTC extreme reverse stress test

A reverse stress test on two central counterparty clearing houses (CCPs), CME Clearing and LCH Ltd, found that they have sufficient pre-funded resources to cover losses if all clearing members with losses defaulted under certain extreme one-day scenarios, the Commodity Futures Trading Commission (CFTC) said.