David Strachan

Concern around pension schemes as UK banks race to meet ring-fencing deadlines

UK banks are on track to separate their investment banking arms from their retail units with each institution picking its own path. However, there is some controversy over which part of the bank will house the pension scheme. By Farah Khalique.

Associations publish white paper on post-trade risk reduction benefits

Four trade associations are pushing for recognition of post-trade risk reduction benefits in the EU’s clearing obligation

Laura Boyd

FCA expects SMCR compliance not just in letter, but in spirit as well

Complying with the UK’s Senior Managers and Certification Regime is much more than a compliance exercise, it actually demands a thorough rethink of a firm’s culture to really make sure its measures are being adhered to

Eurozone emergency liquidity measures not fit for purpose

ECB vice president says eurozone’s emergency liquidity measures for failing banks is not fit for purpose

EU-UK to create Brexit markets task force

UK and eurozone central banks form working group to find ways to deal with financial markets in event of a hard Brexit

EU flags

EU needs ‘big bang’ approach to NPLs

A committee of academics advocates for EU authorities taking quick and decisive action to clean up non-performing loans and to provide some debt relief to struggling member states

Bank of England confirms reforms of Sonia interest rate benchmark

After some final tweaks, the Bank of England has declared its reforms of the Sonia sterling interest rate benchmark as complete.

PRA's 2018/19 priorities are Brexit and financial resilience

The PRA said in its 2018/19 business plan that financial resilience and managing the UK’s exit from the EU are its two main priorities

ESMA caps hit dark pool trading

ESMA moves to cap trading on dark venues for equities in a bid to maintain market transparency.

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.

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