Regulatory RelationsRSS

Jelena McWilliams sworn in as the 21st FDIC chair

Trump appointee Jelena McWilliams formerly replaces Martin Gruenberg as chair of the FDIC

Trump nominates Elad Roisman as SEC commissioner

Elad Roisman nominated by President Trump as commissioner at the SEC

EBA prods financial firms to speed up hard Brexit preparations

The European Banking Authority has hit out at financial firms’ lack of speedy preparation for the possibility that the UK may leave the EU without a trade deal or a transition arrangement.

Handcuffs

FCA business plan suggests more enforcement action against senior managers

In its 2018/19 plan, the UK’s Financial Conduct Authority will focus on combating financial crime, extending its conduct rules and regulating crypto-currency derivatives and there is also likely to be more enforcement activity  

Francesco Papadia

Parallel currencies within eurozone would pose serious systemic risks

Radical ideas are surfacing with parts of the eurozone in the grips of a populist rebellion, but the idea of parallel currencies as floated by the parties behind Italy’s new government could have truly negative systemic consequences if ever tried out

SEC’s top priorities are innovation and protecting investors

SEC seeks feedback on its draft plan establishing its priorities out to 2022, which includes protecting investors and being innovative

UK may forge regulatory alliances outside EU

UK policy-makers increasingly contemplating new regulatory alliances in the face of EU intransigence over third country equivalence issues.

China opens up financial services to foreign investors

China moves to liberalise key sectors of its economy, such as financial services, to foreign investors to try and help ease global trade tensions.

ESMA clarifies EMIR liquidity risk assessment requirements

ESMA makes some clarifications around CCP liquidity reporting requirements in an opinion notice to national competent authorities

Big Ben uk flag

IEA advocates rethink of UK regulatory regime post Brexit

With the UK presumably set to have the power to set its own financial rules post Brexit, a debate is taking place over whether the regulatory framework should be changed, with one influential think tank calling for a thorough re-examination. By Justin Pugsley.

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