While large global banks want international comparability of credit risk weights, local associations want a standardised approach that respects different national credit market conditions.

The European Commission has asked for a review of Markets in Financial Instruments Directive rules on position limits for commodities and transparency for non-equity trading.

EU and US regulators have initiated the process to allow each other's central clearing houses to operate on a transatlantic basis.

The Financial Stability Board wants clearer criteria on what can trigger a bank resolution, and better-defined powers to tackle branches, holding companies and non-regulated parts of a banking group.

Retail investors are less likely to 'run' from subordinated bank debt, but are also less capable of absorbing losses if the debt is bailed in.

The Basel Committee on Banking Supervision wants to remove internal models from the credit risk capital framework for exposures to large corporates and financial institutions, and for credit valuation adjustments.