Regulatory RelationsRSS

Global regulators seek feedback on enhancing accountability and independence

The Monitoring Group is seeking opinions on how to improve the accountability and independence of the global regulatory bodies it represents. Justin Pugsley reports.

MAS: Culture is the lynchpin of a safe and sound financial system

No amount of regulatory reforms can make the financial system secure if the conduct of firms and individuals is flawed, says the deputy managing director at the Monetary Authority of Singapore.

Don Andrews

Staff changes at US Fed suggest Dodd-Frank is safe

Recent changes of personnel at the US Federal Reserve reinforce the view that Dodd-Frank is not about to be shredded. Nonetheless, the Fed’s new management has some regulatory priorities to change aspects of the Act, as Justin Pugsley reports. 

EU financial regulatory structures ‘must evolve post-Brexit’

The governor of the Bank of France has warned that the EU’s financial regulatory structure will need to evolve once the UK leaves the union. By Justin Pugsley.

OCC’s Noreika says examiners to be more light touch

Comptroller of the currency Keith Noreika is promoting a light touch approach to bank examinations, a move that is likely to be popular with the industry

White House battles Democrats over CFPB appointee

In a bizarre turn of events, two acting directors turned up to run the Consumer Financial Protection Bureau (CFPB) on November 27, illustrating what is likely to be a bitter political and legal battle over who chooses the CFPB’s interim boss. By Justin Pugsley.

CFPB suffers setback following Senate vote

Senate vote setback for CFPB over arbitration agreements rule.

Samoa

SIFA strives to keep Samoa in line with global rules

Samoa’s financial authority is determined to keep the country compliant with the latest international rules on anti-money laundering and tax transparency, which is proving demanding in terms of resources. By Justin Pugsley.

Barney Reynolds

UK-EU transition deal fraught with uncertainty

The City of London is pushing for the UK and EU to agree a transition deal as part of the Brexit negotiations, which could be a bridge to an ‘expanded equivalence’ model for financial services. By Justin Pugsley.

Bob Mudhar

Mind the gap: the growing EU-US gulf

Regulators forging rules in isolation or focusing too much on domestic issues, alongside the EU’s highly prescriptive approach to regulation, risks deepening a rift with their US counterparts. By Farah Khalique.

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