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.
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.
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 prime minister Theresa May has finally served notice that the UK is leaving the EU, reports Justin Pugsley.
The UK has been warned that leaving the EU means an end to access to its markets for financial services. Justin Pugsley reports.
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
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.
The Bank of England’s models are not up to the job of spotting the next financial crisis, according to one senior official.
ICMA expresses concern over European repos and knock-on effects on smaller banks, insurance companies and pension funds.