Though financial stability is seen as the most mature area of regulatory reform, banks are expecting significant ongoing revision in that area, said Boston Consulting Group (BCG) in a report.
Subjects
Fintech revolution risks creating new blind spots in supervision
Technology is revolutionising financial services, but that transformation comes with considerable risks that supervisors must get on top of if they are to keep the financial system safe
Digitising risk: don’t give the robots free-rein just yet
Before giving artificial intelligence and machine learning free rein, financial firms must ensure that the decisions these programmes make do not result in new risks and expensive regulatory breaches
What next for SM&CR?
The UK’s senior managers regime has made a difference to the behaviour of bankers, but there are still some aspects of misconduct where the authorities need to provide further clarity
‘Resented’ MiFID II makes global impact
Financial firms tend to dislike MiFID II, and those outside the EU tend to resent having to comply with some of its provisions, but evidence is emerging that there could be some benefits from compliance
EU equivalence reforms meandering towards a common ground
Reforms of the EU’s equivalence rules have been considerably complicated by Brexit. However, there is some hope in the industry that technical considerations will eventually triumph over politics
Big investor savings from research unbundling only tell part of the story
After nearly 20 years the UK regulators fight to manage inducements appears to have delivered great cost savings to asset managers, but that simple conclusion masks some complex factors.
FCA hits UBS with record £27.6m fine for misreporting
UBS has been slapped with a record £27.6m by the UK’s Financial Conduct Authority (FCA) for misreporting close to 135.8m transactions over nine and a half years.
Final prospectuses guidelines issued by Esma
Prospectuses for the issuance of securities in the EU should contain streamlined risk factor disclosures, presented in an easy to analyse, concise and comprehensible format, according to final guidelines issued by the European Securities and Markets Authority (Esma).
CSRC and AMF sign cooperative agreement during state visit
During the state visit of China’s president XI Jinping to France, the Autorité des Marchés Financiers (AMF) signed an agreement to step up its cooperation with the China Securities Regulatory Commission (CSRC).
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