Some 13% of bankers believe it is difficult to progress their careers in a completely ethical manner while a third worry about negative fallout if they raise concerns, according to the second annual report by the Banking Standards Board. By Justin Pugsley.
In March the EU celebrated its 60th birthday while the UK served notice to leave the club. The European Commission is now in a rush to alleviate the EU’s dependence on the City of London, raising the prospect of fragmented capital markets.
Not only are this year’s Bank of England stress tests to be the toughest yet, but they will also break new ground in scenario analysis. Justin Pugsley reports.
UK prime minister Theresa May has finally served notice that the UK is leaving the EU, reports Justin Pugsley.
When the Bank for International Settlements launched its FX code of conduct there were doubts if it would really be effective. Nonetheless, it has been given a big boost by a leading trade association insisting that its members sign up to it.
The G20 may have abandoned its cast iron pledge to stand by free trade, but it did make a strong commitment to finalise the Basel III framework, as Justin Pugsley reports.
Keen to turn itself into a global financial centre, China has opened up parts of its financial markets to foreign institutions. Justin Pugsley reports.
The UK’s pending departure from the EU and the US’s much more nationalist administration have become a big source of concern for clearing houses. Justin Pugsley reports.
The Financial Stability Board has voiced its concerns to the G20 about loss of reform momentum and capital markets fragmentation. Justin Pugsley reports.