SEC proposes shaking up equity data

A shake-up in the way equity market data is collected and distributed along with faster delivery to investors is being proposed by the US Securities and Exchange Commission (SEC). 

Loosening of Volcker rules is deregulation and a credit negative for banks - Fitch Ratings

The recent proposed loosening of some restrictions in the Volcker rule on banks investing in certain covered funds is proof of deregulation and is a credit negative, said Fitch Ratings in a note. 

Bank of England orders banks to turbo charge move away from sterling Libor

On February 26, the Bank of England told banks to turbo charge their move away from the sterling London interbank offered rate (Libor) to avoid facing punitive regulatory sanctions. 

Hong Kong budget seeks to enhance territory’s attraction as financial centre

Hong Kong is taking measures to boost financial services in its budget, which include a range of tax cuts on certain financial activities. 

Sixty-four banks take part in Switzerland’s small bank regime

Some 64 banks are taking part in Switzerland’s small bank regime, which aims to reduce the regulatory burden for these institutions, the Swiss Financial Market Supervisory Authority (FINMA) said in a statement. 

Euro notes

Incomplete eurozone poses systemic threat

Think-tank warns that the US and UK should be wary of risks emanating from the still incomplete eurozone believing it poses a significant systemic risk

Rishi Sunak

EU and UK prepare for tough talks on post-Brexit financial services

A great deal of uncertainty lingers as the EU and UK prepare to negotiate how they will oversee cross-border financial services business after Brexit 

Department of Treasury

Attempts to remove US regulatory hurdles for fintechs may fall short

The clunkiness of the US’s regulatory system is making it hard for new entrepreneurial fintechs to get off the ground, and though there are attempts to address this, there is probably only so much that can be done

Jose Manuel Campa

EBA’s stress test overhaul given the cold shoulder

Proposals put forward by the EBA to modernise its stress testing framework have met with disapproval by banks arguing that they would deliver few benefits 

Nigel Brahams

MiFID/MiFIR face significant revisions as European Commission launches consultation

The EU’s markets and investors protection regime faces a significant overhaul, with the European Commission asking wide-ranging questions about its future.