FSB consults on key aspects of the TLAC standard for global banks

FSB seeks feedback on key areas of TLAC relating to global banks in a bid to refine the standard.

Basel Committee keen to revisit treatment of sovereign exposures

The Basel Committee’s latest work programme priorities include revisiting the treatment of sovereign exposures, revisions to the market risk framework, the Pillar 3 disclosure framework and accounting provisions.

Banks struggling with data integration due to fast pace of regulatory change

Data is key to complying with a growing raft of ever more demanding and granular rules. However, a new survey finds that banks are struggling with integrating their regulatory workflow data due to the constantly changing regulatory landscape.

FSB consults on draft Cyber Lexicon for use by authorities and industry

The FSB is consulting on the most appropriate terms and definitions to use in its cyber lexicon with a view to presenting a final version at the G20 Summit in November.

Basel III hits exchange-traded derivatives

Basel III rules hitting exchange traded derivatives by restricting credit to some proprietary traders.


Court clarifies ‘fair market value’ meaning in LBI vs Raiffeisen Bank case

The definition of fair market value was revisited in a court case involving two banks and yet again demonstrated the difficulties in coming up with a definition, particularly when a default occurs in volatile market conditions and involves illiquid instruments

Red tape

The growing importance of the chief risk officer

The torrent of new rules since the global financial crisis has thrust the chief risk officer into becoming a key participant in the formulation of strategy within banks. By Alessandro Vecci, senior partner, risk & regulatory consulting lead Europe at Genpact.

Rory Flynn

Streamlining Volcker Rule will prove challenging

The Volcker Rule was hastily drafted after the global financial crisis and it soon emerged that it was significantly flawed. The five US agencies that oversee it are now revising it so it works better, which is no easy task. By Justin Pugsley.

Kevin Taylor

The post-Ibor era continues to evolve

The replacement of Libor et al is a slow, tedious process but the emergence of new financial instruments linked to Sonia offer a glimmer of a Libor-free future. By Farah Khalique.

Bitcoin and wires

Authorities' efforts to regulate cryptocurrencies causing uncertainty

Regulators trying to keep pace with the rapid evolution of cryptocurrencies are coming up with many different approaches in their quest to balance risk without stifling innovation. However, this is creating considerable uncertainty for legitimate cryptocurrency participants. By Dan Barnes.  

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