Delays and high failure rates hit FRTB implementation

The Fundamental Review of the Trading Book is a particularly challenging piece of text to implement, but banks trying to do so with the less capital-intensive Internal Model Approach are finding it particularly difficult as they face having to keep their models approved. Some are considering not bothering with it. By Farah Khalique.

Darcy Bradbury

ISDA delegates vote capital levels and failing CCPs top priorities

Capital levels and resolution, and recovery plans for central counterparty clearing houses (CCPs) should be the main regulatory priorities for policymakers, according to a snap poll of delegates taken at a leading derivatives conference. By Justin Pugsley.  

G7 calls for stronger co-operation against cyber-crime

G7 calls for more co-operation in fight against money laundering, terror financing and cyber-crime, and talks up fairer taxation policies.

ICAEW: investors rely too much on regulatory ratios

The Institute of Chartered Accountants in England and Wales called for tougher auditing of banks as it believes investors put too much faith in regulatory ratios.

China’s shadow banking products come under more scrutiny

The China Banking Regulatory Commission makes another regulatory assault on the country’s mushrooming wealth management products sector as it seeks to address systemic concerns.

IMF calls on New Zealand to strengthen supervision

New Zealand’s banking system is basically in good shape, but the IMF nonetheless warns over vulnerabilities and calls for a strengthening of the country’s macro-prudential framework.

PBoC examines fintechs’ effect on financial system

China’s central bank has launched a study into the impact of the booming fintech sector on areas ranging from monetary policy through to financial stability. Justin Pugsley reports

JPMorgan warns clearing houses not well enough capitalised

Central counterparty clearing houses are not carrying enough capital and should be subject to tougher rules, says a JPMorgan white paper. Justin Pugsley reports

Mnuchin orders regulators to examine Volcker rule

US Treasury secretary Steven Mnuchin orders  regulatory agencies to investigate a softening of the Volcker rule.

Academics warn over unwinding resolution mechanisms

US professors warn that unwinding resolution mechanisms designed to deal with failing banks quickly will not limit too-big-to-fail or prevent excessive risk taking. Justin Pugsley reports 

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