Latest articles from Farah Khalique

Raza Naeem

ESMA defies bond sceptics to impose tougher transparency rules

Despite widespread opposition, the EU’s securities markets regulator has pushed ahead with recommendations to pull more traded bonds into the pre- and post-trade transparency net. Sceptics say it is too soon to impose greater reporting requirements and will hit market makers unfairly. 

Imam Hoque

BIS warns supervisors to wake up to AI risks

Global standard-setters are brainstorming international standards to oversee the use of artificial intelligence in finance, a growing disruptive trend that poses serious ethical dilemmas like algorithmic bias which disadvantages minorities. Some AI experts say guidance is long overdue. 

Jouni Aaltonen

‘Shadow banks’ criticise EBA consultation as “overkill”

The European Banking Authority is consulting on what constitutes a shadow bank for the purpose of reporting large exposures, as the fallout from the Covid-19 pandemic has global regulators assessing the degree to which they should regulate shadow banks. 

SA-reserve-bank

South African banks brace for FRTB

South Africa’s prudential regulator is bringing the fundamental review of the trading book back to life after Covid-19-related delays, with a firm go-live date for banks of January 1, 2024. Despite concerns that this could hammer local markets, banks remain upbeat. 

Tetsuo Otashiro

CCPs urge global co-ordination on Basel III reforms

A Covid-19-related delay to rolling out Basel III has clearing houses worried about horrendous capital charges for their foreign clearing clients. They are urging banking regulators to provide a reprieve. 

Richard Hopkin

Regulators accused of whitewashing securitisation report

A landmark 66-page report on the securitisation market published ahead of a pivotal European Commission (EC) consultation has been branded a “Titanic-like” disappointment by many in the industry

Deon Raju

South Africa beds down bank resolution plans following slow progress

South Africa is catching up with its post-financial crisis obligations with a series of reforms that have been in the works for years as it learns from the experience of other jurisdictions.

Arun Srivastava

Delayed CRR II poses risks of capital penalties for underprepared firms

The EU’s updated Capital Requirements Regulation is going live at the end of June, imposing stricter standards on banks and asset managers. Experts warn financial services firms of tough penalties for non-compliance. 

Rupal Patel

Banks told to beef up operational resilience as threats proliferate

Banks around the world are being called on by the BCBS to beef up their operational resilience in light of the pandemic and other disruptive threats and work is already afoot. 

Monique Melis

Greensill failure puts bank interactions with NBFIs under the spotlight

The meltdown of Greensill Capital and Archegos Capital Management is putting pressure on financial regulators to widen their scope and pay closer attention to banks like Credit Suisse cosying up to shadow banks for business.