A deputy governor of the Bank of England foresees some extreme circumstances where regulatory discretion could be useful to stem systemic risks in the event of a clearing house running into severe financial difficulties
Subjects
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.
US agencies pass rules to shorten settlement cycle
US agencies pass rules to shorten securities settlement cycle bringing it inline with industry standards.
Jelena McWilliams sworn in as the 21st FDIC chair
Trump appointee Jelena McWilliams formerly replaces Martin Gruenberg as chair of the FDIC
Trump nominates Elad Roisman as SEC commissioner
Elad Roisman nominated by President Trump as commissioner at the SEC
EBA publishes final ITS draft on supervisory disclosures
In a bid to improve consistency and transparency, the EBA has published its final draft amending Implementing Technical Standards.
Hong Kong to make LEIs mandatory from April 1, 2019
Hong Kong’s regulators are to apply most of the steps they outlined in an earlier consultation, such as mandating the use of legal entity identifiers and implementing a clearing obligation for standardised Australian dollar swaps
France enacts counter-cyclical buffer as ECB looks to exit ultra-lose monetary policy
French regulators tell banks to enact counter-cyclical buffer to meet potential threats to the economy
