Latest articles from Farah Khalique

IASB

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. 

G20 Pittsburg 2009 - Getty

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.  

Petrou, Karen Shaw

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

Lehman Brothers office - Getty

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

Sigmundur D Gunnlaugsson - Getty

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

Massad,-Timothy

CCP deal heralds new transatlantic co-operation

Derivatives players are breathing a sigh of relief as US and European lawmakers call a truce over clearing houses. 

Guy Sears

Brussels holds firm on research commission separation

The days of convenient 'commission bundling' are coming to an end for fund managers and brokers due to MiFID II. 

Countdown begins to clearing house resilience rules

Mark Carney 167x96

Global regulators are closing in on a package of measures to monitor and protect central clearing counterparties ahead of the G20 summit in November.

MiFID consultations throw up fresh qualms on liquidity

Michel Barnier 167x96

The struggle to define which non-equity instruments should be subject to MiFID transparency rules will be at the heart of efforts to finalise regulatory technical standards, and could transform the industry.

Europe’s policymakers power ahead with position limits

Europe’s policymakers are determined to impose position limits and reporting requirements on commodity traders to combat so-called food speculation, despite deep reservations from the industry as to their effectiveness and unintended consequences.