Regulatory RelationsRSS

With Brexit done battle lines now drawn on regulatory alignment

With the UK having left the EU on January 31, the two jurisdictions are now preparing for tense negotiations from March over their future relationship with financial firms looking on nervously from the sidelines

IOSCO 2020 priorities include tackling market fragmentation

Tackling investor issues related to crypto assets, artificial intelligence and machine learning, market fragmentation, passive investing and index providers and retail distribution and digitalisation are the five main 2020 objectives for the International Organization of Securities Commissions (IOSCO). 

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.