Regulatory RelationsRSS

FINRA makes proposals to SEC over dispute resolution rules

FINRA lobbies SEC to make changes over two rules relating to disputes and resolutions

£800bn leaves UK as regulators and industry brace for no deal Brexit

UK is estimated to have lost £800bn in capital as financial firms position for Brexit while the FCA announces further measures to mitigate against a no deal scenario

Correspondent banking relationships with developing countries still declining, says FSB

The number of correspondent banking relationships involving some developing countries is continuing to decline says the FSB although its action plan to address the situation is now largely in place  

Fears grow over hard Brexit ahead of parliament vote

Such is the political opposition to the withdrawal agreement signed between the EU and UK that there is an increasing chance that the UK could leave on WTO terms

Changing of the guard at FSB raises fears over global post-crisis reforms

The appointment of the Federal Reserve’s Randal Quarles as FSB chair has created fears that this could either see the body undermined or lead to a loosening of global regulatory frameworks. In practice doing either would be difficult

Democrats promise more scrutiny following midterm election gains

The US financial deregulation agenda faces greater scrutiny and friction following electoral gains by the Democrats

Eric Pan

Finding common ground gets harder for regulators

Equivalence reform is needed in the EU but is unlikely to happen soon, as regulators engage in a war of words that suggests divergence, rather than convergence, is on the cards. By Farah Khalique.

CFTC threatens EU institutions' US market access over CCP oversight

CFTC chair threatens EU with blocking access to US clearing facilities if EU does not relent on some of its proposals for overseeing overseas clearing houses

SEC to focus on investors, innovation and performance

The SEC said its latest four-year plan will focus on investors, innovation and on improving its own performance with the use of data and technology

Mike Crapo

US deregulatory moves could be challenged after mid-term elections

US mid-term elections could throw a spanner in the works of president Donald Trump’s deregulation agenda if the Democrats were to gain enough seats