The European Commission's proposals to regulate foreign banks in the EU through intermediate holding companies has upset non-EU banks, particularly US ones. Many see it as a political rather than a purely regulatory move

Europe’s clearing houses are on a tight deadline to file the results of the Esma-imposed stress tests this month, as the pan-EU regulator steps up its scrutiny of these increasingly systemically important institutions. By Farah Khalique

The UK's upcoming departure from the EU and likely the single market as well has raised a flurry of speculation over what will replace current trading rights. This has brought the EU's equivalence regimes for third countries into sharp focus

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? 

High-frequency trading divides opinion among policymakers, but while they try to figure out the best ways to regulate the activity, many industry participants are making their own arrangements regarding with whom they want to trade. By Farah Khalique

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.

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 designed to push over-the-counter derivatives through clearing houses have thrown up a number of potentially serious unintended consequences.  

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 

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