Compared with the US, the UK has been surprisingly successful at fostering challenger banks. The difference appears to mainly lie in the regulatory approaches of the two countries.
US money market fund rule changes hit borrowing costs
Changes in US regulations for money market funds are creating unintended consequences by driving up dollar costs for banks, for the real economy and even in the huge derivatives complex. Meanwhile, European regulators are carefully monitoring US moves to help inform their own reforms.
Regulatory reforms sucking liquidity out of derivatives markets
Regulatory reforms designed to push over-the-counter derivatives through clearing houses have thrown up a number of potentially serious unintended consequences.
Regulators taking deeper interest in fast-evolving shadow banks
The shadow banking debate is intensifying as the global financial system's watchdogs grapple with how best to measure the ballooning non-bank sector and properly nurture it
US election: a Wall Street cliffhanger
The US presidential election is barely two months away. Both parties have strong views on how best to regulate and reform the financial services industry, but the eventual landscape could look wholly different to that suggested by the campaign rhetoric. By Farah Khalique
IFRS 9: banks factor Brexit into new accounting standards
Banks are gearing up to make the revolutionary switch from the current IAS 39 standard to IFRS 9. The UK’s decision to leave the EU will put them to the test.
Uncleared derivatives face margin headaches
Banks involved in uncleared derivatives face a rapidly approaching headache revolving around faster clearing, more margin and questions over equivalence between regulatory regimes remain unanswered.
Living wills: third time’s the charm
Five of the world’s largest banks have failed to satisfy US regulators that, in the event of a financial calamity, their plans of action are up to scratch. Following a damning assessment in April, the race is on to consolidate their recovery and resolution plans in time for the fast-approaching October deadline, or face the regulatory axe. By Farah Khalique
Fed cracks down on derivatives' default right
There is a real risk that US Federal Reserve proposals to make it harder to unwind qualified financial contracts with big banks could actually unleash all kinds of unintended consequences, such as creating distortions in the derivatives market and even accelerating bankruptcies
Banks face scrutiny over Panama Papers
Banks face more scrutiny as regulators react to revelations contained in the so-called Panama Papers over the widespread use of offshore companies by clients potentially looking to avoid tax
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