Regulatory RelationsRSS

Mnuchin dismisses CLO fears, but frets about mortgage origination

During a Congressional hearing, US Treasury secretary Steven Mnuchin expressed concern for financial stability over the rapid growth of non-bank mortgage originators, but was more relaxed about the rise in CLOs. By Justin Pugsley. 

FINMA’s first ever risk report highlights issues such as Libor and cross-border market access

The Swiss Financial Market Supervisory Authority (FINMA) published its first ever risk monitoring report highlighting six main areas of concern, which include cyber attacks, the Libor transition and cross-border market access issues.

Legendary central banker Paul Volcker passes away at 92

The former chairman of the US Federal Reserve, Paul Volcker, who was famous for bringing US inflation under control in the early 1980s and later for the rule named after him to curb bank proprietary trading, passed away on December 8, 2019, aged 92.

Steven Mnuchin

Mnuchin dismisses CLO concerns, but worries about mortgage origination

During a Congressional hearing, US Treasury secretary Steven Mnuchin expressed concern for financial stability over the rapid growth of non-bank mortgage originators, but was much more relaxed about the rise in CLOs 

US Capitol

Growing concern that US regulatory reforms could harbour risks

Although the US never deregulated to the extent President Donald Trump promised, some of the changes that have been made have raised concerns about risk in some quarters

Debate heats up over future UK regulation as Brexit almost certain

Following the big re-election victory by the Conservative Party, the UK is almost certain to leave the EU on January 31, 2020, prompting the financial services sector to think about the country’s regulatory regime. 

Experienced insider Andrew Bailey to take over at Bank of England

Andrew Bailey, the chief executive of the Financial Conduct Authority (FCA) is to take over as governor of the Bank of England (BoE) from Mark Carney on March 16.

US regulators clash over direction of CRA reforms

US regulators are at odds over reforms to the Community Reinvestment Act (CRA), a measure designed to meet the credit needs of low- and moderate-income neighbourhoods.

Hester Peirce

Review of Dodd-Frank is warranted, say SEC and CFTC commissioners

Two commissioners from the SEC and the CFTC believe that Dodd-Frank needs reviewing as it is too regulator-centric and there should be a return of powers to private firms. By Justin Pugsley.

Barney Reynolds

Could an outcomes-based approach heal regulatory fragmentation?

Many regulators favour judging rules on their outcomes and with the UK set to leave the EU there is a chance that this approach could gather momentum and may even help deal with regulatory fragmentation