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.

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.

Basel III framework edging closer to finalisation

The Basel Committee on Banking Supervision looks closer to finalising the Basel III framework as discussions on technical issues are narrowing down

Financial reform likely to be in small steps

US financial reforms likely to be evolutionary rather than happening in a big bang moment

Kapil Damani

Basel III prompts strategic rethink for Middle East banks

Though Middle East banks are generally in a strong position from a capital perspective, the rigours of complying with Basel III are nevertheless making them revisit their corporate strategies. By Nick Kochan.

European banks could face €120bn gap on Basel requirements

McKinsey & Co has found that European banks face a massive capital shortfall if new Basel and accounting rules are implemented unchanged.

Infrastructure, green and risk finance to relaunch CMU

Infrastructure, green and risk finance targeted to underpin the launch of the EU’s capital markets union.

Chris Whalen

US universal banks should become smaller and more efficient

US regulators need to focus more on incentivising universal banks to become more efficient rather than driving capital requirements ever higher or ponder measures to break them up

EU flags

An unhappy 60th birthday

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.

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