The bailout of Italy’s banks draws closer as the government addresses European resolution rules and retail investor law suits
While the European Commission frets over ways of insuring that too-big-to-fail clearing houses do not become the epicentre of a future financial crisis, might blockchain be a far better alternative?
By watering down final rules on contract data, which are crucial for the orderly resolution of failing firms, US authorities have missed an opportunity to drive greater digitisation within the industry. By Akber Datoo, managing partner, D2 Legal Technology.
In a bid to boost confidence in additional tier 1 instruments, the European Commission wants to prioritise coupon payouts over dividends from shares.
The European Commission has put forward proposals to deal with clearing firms in the event of their failure.
Non-performing loans are a blight on the Eurozone’s financial system and a drag on its economy. However, disparate national regimes and the EU’s own rules are slowing down the clean-up process.
A Shadow Committee made up of academics has called for a €1000bn fund to be set up and for further regulatory reforms to boost the fragile EU economy
The more stringent US approach towards stress-testing banks is likely to lead to European regulators toughening their own tests. Though this might be unwelcome initially, the scenario has a silver lining, says Ambreesh Khanna, group vice president and general manager, Oracle Financial Services Analytical Applications.
The European Banking Union is slowly inching forward, but some political and technical hurdles remain before it can be completed and provide another crucial prop for the embattled eurozone. Justin Pugsley reports.
As the too-big-to-fail bank debate rumbles on – often louder around the time of stress tests – the time and patience needed to make this concept work are running out. By David Strachan and Scott Martin, EMEA Centre for Regulatory Strategy, Deloitte.