[US REGS] BIS blames hedge funds for worsening repo market volatility

The Bank for International Settlements says the actions of leveraged hedge funds exacerbated volatility in the US repo markets.

Review of Dodd-Frank is warranted, say SEC and CFTC commissioners

Two commissioners from the SEC and the CFTC believe that Dodd-Frank needs reviewing as it is too regulator-centric and there should be a return of powers to private firms. By Justin Pugsley.

David Clark

EU countries attempt CMU reboot

The capital markets union has been an EU dream that never seems to quite materialise. An initiative by seven EU countries is attempting to push it forward, but most commentators are sceptical of it succeeding 

Chris Woolard

FCA ponders UK rules post-Brexit

A conversation is beginning around the future of the UK’s regulatory regime post-Brexit, with the Financial Conduct Authority (FCA) talking about adopting a broader outcomes-based approach and is even questioning disclosure levels. By Justin Pugsley 

Barney Reynolds

Could an outcomes-based approach heal regulatory fragmentation?

Many regulators favour judging rules on their outcomes and with the UK set to leave the EU there is a chance that this approach could gather momentum and may even help deal with regulatory fragmentation

Scott O'Malia

Derivatives industry needs tech revolution as it struggles with ageing infrastructure

ISDA is trying to renew the infrastructure supporting the derivatives market in an effort to support more standardisation and digitisation so as to increase efficiency 

Bank of servers

US Congressional committee warned about cloud risks to banks

The rapid move by banks into the cloud has raised concerns with a US congressional committee where a hearing revealed the benefits and dangers of this trend

European Commission HQ

EU authorities open to considering technical tweaks to MiFID II

An upcoming review of MiFID II has been welcomed by the industry as an opportunity to make some technical changes to the directive so it is easier to comply with

Olaf Scholz and Merkel

Germany paves way for completing European banking union

Germany has reinvigorated momentum towards completing the European Banking Union, but the conditions attached could turn out to be a bridge too far for some member states 

Colleen Baker web

Battle between CCPs and their members steps up a notch

Clearing house members are becoming increasingly determined to force clearing houses to shoulder more risk as part of the services they provide and are taking their message to regulators