Regulatory RelationsRSS

Fed’s Brainard becomes chair of FSB vulnerabilities committee

Lael Brainard, the nominee vice chair of the US Federal Reserve Board, has been appointed as chair of the Financial Stability Board’s (FSB) Standing Committee on Assessment of Vulnerabilities (SCAV).

Banks fear ECB could ask them to shift more capital and staff into EU

A probe by the European Central Bank (ECB) into how global banks conduct their business in the EU could escalate tensions between the bloc and the UK over relocating capital and senior staff. 

Senate to consider Powell and Brainard Fed appointments

On January 11, the Senate Banking Committee is to consider the nomination of Jay Powell for a second four-year term as chairman of the Federal Reserve Board and on the 13th it will contemplate Fed Governor Lael Brainard becoming vice chair.

AMF’s 2022 priorities include engaging with Europe and promoting sustainable finance

Europe, retail investment, sustainable finance and modernisation are the top four 2022 priorities for the Autorité des marchés financiers (AMF), the French financial markets authority. 

Jelena McWilliams announces surprise departure from FDIC

Following a string of disputes, Jelena McWilliams is stepping down from chairing the Federal Deposit Insurance Corporation (FDIC) on February 4, 2022, which could usher in tougher oversight of the US banking system 

Nagel takes over as Bundesbank president

Joachim Nagel was nominated as president of the Deutsche Bundesbank on December 20, 2021, by the German government and comes from a markets and IT background rather than a monetary one. 

David Strachan

Reg Outlook 2022: A mix of continuity and novelty

The financial services regulatory agenda for the year ahead is packed. Work is afoot on multiple large-scale issues including sustainability, operational resilience, technological (especially digital) innovation, the prudential framework and more. This article explores some of the key initiatives that will drive regulation and supervision in 2022.

Fed’s senior leadership takes shape under Democrats

The Biden administration has appointed Lael Brainard as vice president of the US Federal Reserve Board and reconfirmed Jay Powell as its chairman for a second term, a move which will now need confirmation by the Senate.

Omarova nomination as OCC chief runs into Senate fire

Saule Omarova, nominated by the Biden administration to head the Office of the Comptroller of the Currency (OCC), has come under fire from senators with some of them seeing her as too radical. 

John Glen

UK seeks to reintroduce regulatory competitiveness mandate

In its second major consultation on financial rules, the UK Treasury set out a vision of crafting a nimbler regulatory framework to support the country’s competitiveness and drive towards decarbonising the economy.