The European Central Bank (ECB) aims to boost market confidence in the internal models used by banks to calculate risk-weighted assets, by reducing variability and potentially forcing some banks to carry more capital. By Justin Pugsley.
The Bank of England’s models are not up to the job of spotting the next financial crisis, according to one senior official.
ICMA expresses concern over European repos and knock-on effects on smaller banks, insurance companies and pension funds.
Steven Mnuchin takes reins at the US Department of the Treasury and faces full workload of reforms.
Fed chair Janet Yellen enters war of words with vice-chairman of House Financial Services Committee over participation in supranational regulatory bodies.
CFTC gives swaps dealers another six-months to be compliant with over-the-counter derivatives variation margin rules.
Everything is up in the air for the US regulatory system, particularly given the the new administration’s promise of deregulation. As a result, the annual stress tests are likely to see changes because they are blamed for forcing banks to hoard excessive capital. By Justin Pugsley.
US and European regulators take very different approaches to handling issues as diverse as whistle-blowing and data protection, making cross-border investigations into financial crime a challenge.
A senior European Commission official emphasised to AFME conference delegates the EU’s determination to establish a successful capital markets union.