Latest articles from Philip Alexander

EU regulator defines qualifying securitisation concept

The European Banking Authority has recommended a two-stage qualifying process that includes both the structure of a securitisation and the credit quality of underlying assets.

Europe plans boost for infrastructure investment by insurers

The European Insurance and Occupational Pensions Authority is looking at ways to allow fewer punitive risk calibrations for infrastructure investment under Solvency II.

Efforts stepped up to make TLAC work for EU

Both the European Banking Authority and the Bank for International Settlements are emphasising the need for the total loss-absorbing capacity initiative to be compatible with existing resolution regimes such as that in the EU.

US court casts doubt on future bail-outs

Although no damages were awarded, a US federal court has emphasised the legal risks of ad-hoc government takeovers of distressed companies.

BIS calls for more action on sovereign preference

The Bank for International Settlements' annual report suggests the regulatory framework still makes it attractive for banks to accumulate sovereign debt, despite recent changes to credit risk rules.

UK markets review set to go global

The UK's fair and effective markets review will form a starting point for an international examination of ways to improve conduct and enforcement in financial markets.

Maijoor 2015

News alert: EU releases second consultation on non-cleared derivatives margin

European agencies have introduced two-way collateral posting to non-EU counterparties, and eased concentration limits on sovereign collateral.

Transatlantic rift on clearing houses runs deep

US and EU flag

Despite a fresh promise from US and EU regulators to agree a deal on equivalence for central clearing counterparties, divides appear quite fundamental.

EU mulls second consultation on non-cleared derivatives margin

Kenneth Bentsen

As the EU and the US prepare to finalise rules, it is vital to ensure that participants do not face conflicting margin requirements.

ECB single supervisor’s relations with national authorities still in flux

ECB

Six months after the European Central Bank took charge of bank supervision in the eurozone, its division of powers with national authorities and international organisations is still being defined.