Committee members fail to sign off on Basel III at June meeting

Though differences appear to have narrowed over proposed constraints on internal risk model used by banks, members of the Basel Committee are still struggling to sign-off on the Basel III framework.

Global regulators consult on stress testing CCPs

As part of the G20 reform agenda, global regulators are consulting on a stress testing framework for central counterparty clearing houses.

Market data

How quants could trigger the next financial crisis

A new book claims that the complex models used by banks underestimate and misunderstand risk, and could therefore be sowing the seeds of the next financial crisis. By Justin Pugsley

JJ Mares web

European Commission seeks to turbo-charge CMU

The European Commission set out ambitious plans for driving forward the capital markets union, but much will depend on the cooperation of the EU’s other policy stakeholders if they’re to become a reality. By Justin Pugsley.    

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.

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