[US REGS] Warren warns that reforming Dodd-Frank risks new financial crisis

Senator Elizabeth Warren has criticises the US administration’s reforms of Dodd-Frank, warning they could cause another financial crisis. Justin Pugsley reports.

[NEWS] Hong Kong: Tackling risks key to better competitiveness

A forum hosted by Hong Kong’s Securities and Futures Commission looked at how the autonomous territory can maintain competitiveness in the face of emerging market risks and growing market connectivity. Justin Pugsley reports.

Harmonising resolution regimes key to spurring EU cross-border lending

Tackling the EU’s non-performing loans (NPLs) is critical if it is to reap the benefits of cross-border banking, such as risk diversification and sharing, and there should be more harmonisation in resolving bad loans, says a  European Central Bank (ECB) working paper. By Justin Pugsley.

Transition period unlikely to threaten City of London

A proposed transition after the UK leaves the EU, but remains in it in all but name and therefore subject to all its rules, does not particularly worry the UK financial sector. What sets pulses racing is what comes afterwards, on which there is still little clarity. By Justin Pugsley


Four steps to implementing the Senior Managers and Certification Regime

The extension of the Senior Managers and Certification Regime in the UK will reach vastly more firms, but many of them have yet to consider the impact of this far-reaching body of rules on their operations. By James Marshall, senior regulatory consultant at TCC.

Bank of England confirms FPC re-appointments

Bank of England confirms three re-appointments made by the UK chancellor Philip Hammond to the Financial Policy Committee.

SFC fines Credit Suisse for breaches

Credit Suisse fined $39.3m by Hong Kong’s SFC, but escapes harsher penalties for reporting regulatory breaches and for taking remedial action.

GLEIF and SWIFT streamline entity verification processes

GLEIF inks deal with SWIFT to make it easier and more efficient for firms to identify counter-parties.

House of Representatives to give community banks more options

US House of Representatives votes to give community financial institutions more leeway to raise capital.

SFC sounds more warnings over cryptocurrencies

The SFC makes further warnings on cryptocurrencies and writes to exchanges and ICO issuers to ensure they are compliant with Hong Kong’s rules.

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