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[NEWS] FINMA updates outsourcing requirements for financial firms

Swiss regulator FINMA has updated its outsourcing requirements for financial firms and following a consultation has taken a principles-based and technology-neutral approach.

[NEWS] BoE stress tests reveal UK banks in strong position

All the main participating UK banks passed their stress tests for the first time in late 2017, but concerns linger over exposure to UK consumer credit, EU-related derivatives contracts and IFRS-9 accounting standards. Justin Pugsley reports.

Progress made since European banking supervision started - Draghi

Much progress has been made since the ECB took on a greater role in supervising the eurozone’s largest banks, with the financial system now looking more resilient. Justin Pugsley reports.

Asia-Pacific derivatives activity continues strong growth

Data pulled together by ISDA shows derivatives trading continues to grow strongly across the Asia-Pacific region. Justin Pugsley reports.

Global regulators seek feedback on enhancing accountability and independence

The Monitoring Group is seeking opinions on how to improve the accountability and independence of the global regulatory bodies it represents. Justin Pugsley reports.

MAS: Culture is the lynchpin of a safe and sound financial system

No amount of regulatory reforms can make the financial system secure if the conduct of firms and individuals is flawed, says the deputy managing director at the Monetary Authority of Singapore.

Banks urged to monitor struggling customers

The FCA is asking banks to pay greater attention to customers struggling with their debt repayments and not to lend more to them. Justin Pugsley reports.

FCA widens interpretation on paying for research

The FCA potentially widens scope as to what can be interpreted as inducements to trade under MiFID II. Justin Pugsley reports.

ESMA issues advice around ICOs

ESMA warns industry and investors over the importance of being compliant with existing regulation when engaging in ICOs. Justin Pugsley reports.

NY Fed chief Dudley warns over Dodd-Frank changes

New York Federal Reserve President to step down early and in a speech warns over going too far in unwinding Dodd-Frank.

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