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UK banking ethics improving, but work still to be done

Some 13% of bankers believe it is difficult to progress their careers in a completely ethical manner while a third worry about negative fallout if they raise concerns, according to the second annual report by the Banking Standards Board. By Justin Pugsley.

EU flags

An unhappy 60th birthday

In March the EU celebrated its 60th birthday while the UK served notice to leave the club. The European Commission is now in a rush to alleviate the EU’s dependence on the City of London, raising the prospect of fragmented capital markets.

Bank of England steps up stress test rigour

Not only are this year’s Bank of England stress tests to be the toughest yet, but they will also break new ground in scenario analysis. Justin Pugsley reports.

UK government triggers two-year exit process from EU

UK prime minister Theresa May has finally served notice that the UK is leaving the EU, reports Justin Pugsley.

Brexit means end of access to EU single market

The UK has been warned that leaving the EU means an end to access to its markets for financial services. Justin Pugsley reports. 

James Greig, partner at White & Case

Banks ponder motives behind EU holding companies initiative

The European Commission's proposals to regulate foreign banks in the EU through intermediate holding companies has upset non-EU banks, particularly US ones. Many see it as a political rather than a purely regulatory move

Positioning banks to succeed in an open banking APIs environment

The UK’s open banking initiative is set to revolutionise the market for financial services while creating competitive pressures for banks. Nonetheless, it isn’t all bad news for banks as open banking also offers potential new opportunities for the industry, writes Mark Doherty, vice president for product at Monitise.

Bank of England unlikely to foresee next financial crisis

The Bank of England’s models are not up to the job of spotting the next financial crisis, according to one senior official.

European repo market may not be functioning properly

ICMA expresses concern over European repos and knock-on effects on smaller banks, insurance companies and pension funds.

Niall Bohan

Corporate bonds to play big role in creating CMU

A senior European Commission official emphasised to AFME conference delegates the EU’s determination to establish a successful capital markets union. 

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