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[SPEAKERS’ CORNER] Why frameworking might be the way forward for Brexit UK

The UK should focus on a framework-based approach for financial services in light of its decision to leave the EU and the rapid growth in fintech, says Rosalyn Breedy, partner at law firm Wedlake Bell.

[NEWS] China’s CBRIC collects records to gain insight into financial system

The newly formed China Banking and Insurance Regulatory Commission has gathered more than 3000bn records in order to monitor China’s large and complex financial system. Justin Pugsley reports.

[US REGS] SEC consults on enhancing retail investor protections

The SEC has launched a consultation on how to better protect retail investors by, for example, asking broker-dealers to be clearer over potential conflicts of interest. Justin Pugsley reports.

Banks looking into more consistent modelling methodologies

An organisation called Global Credit Data has made big strides in providing sufficient loss given default data to banks for corporate loans. Its next step is to drive consistency around internal model outputs. By Justin Pugsley.  

[US REGS] US banks are simpler, but growing tax haven presence a concern

The largest US banks may have simplified their organisational structures, often at the behest of regulators, but New York Fed researchers found the number of subsidiaries in secretive tax havens has risen. Justin Pugsley reports.

Banks recover 75% of defaulted debts from large corporate borrowers

A new report based on comprehensive bank data-sets finds that banks tend to recover 75% of debts from defaulting larger corporate borrowers

Tom Jenkins

Hong Kong OTC derivatives consultation aims to keep it aligned with global rules

Hong Kong has just closed a consultation on its over-the-counter derivatives regime and though it will have a marginal impact on global firms, it is nonetheless important so the jurisdiction stays in line with global norms.

Mark Davison

Machine learning starts making headway into finance despite scepticism

Machine learning is rapidly expanding across the economy, but its inroads into finance have been limited so far due to concerns around trust. But that is changing with even regulators turning more positive towards the technology

Marcus Schueler

IOSCO final bond trading report has echoes of MiFID II

IOSCO’s final report on secondary corporate bond markets was widely welcomed by the industry and is seen as a good template for creating more harmonised regimes around the world

Eduardo Epperlein

Bank trading book moves closer to being workable

A raft of proposals in a consultation by the Basel Committee on Banking Supervision covering the bank trading book have gone down well, leaving non-modellable risk factors as among the last major areas where the industry still needs to make a persuasive case for change. By Justin Pugsley.

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