GlobalRSS

Agustin Carstens to lead Bank for International Settlements

Governor of the Bank of Mexico to take over at the Bank for International Settlements in October 2017

Hong Kong and Switzerland agree reciprocal access

Hong Kong and Switzerland agree reciprocal market access for fund managers to retail investors

Bank of England

Quest for Libor alternatives grows more urgent

Regulators are struggling to find LIBOR alternatives, though there are hopes that replacements will emerge this year.

Carney,-Mark-FSB

TCFD aims to harmonise climate change risk disclosures

A big part of formulating climate change policy is having the right information. A task force led by the Financial Stability Board hopes to provide just that, following the release of a voluntary financial disclosure regime for publicly listed companies. 

Three strategies for firms to deal with financial regulation in 2017

This year is set to be crucial in terms of regulation. David Strachan and Scott Martin of the Centre for Regulatory Strategy at Deloitte outline three strategies financial firms can use to help ensure they stay on top of coming changes.

France hikes share trading tax while Taiwan cuts

France and Taiwan go in opposite directions on share trading taxes

Associations warn over looming NSFR divergence

Associations voice concerns over differing interpretations of the net stable funding ratio by the US and EU regulators.

BCBS

Basel III delay signals growing risk of regulatory divergence

With the finalisation of the Basel III framework having been delayed over output floor levels and with a new administration taking over in the US, speculation is rife over the future shape of the framework.  

BIS: sterling flash crash caused by variety of factors

The Bank for International Settlements concludes that the sterling flash crash was due to a variety factors, which have been taken on board for its foreign exchange code of conduct

European banks take different approaches to US fines

Deutsche Bank and Crédit Suisse agree to settle with US Department of Justice over selling toxic mortgage products, while Barclays Bank decides to contest the case

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