Latest articles from Philip Alexander

G20 still hitting obstacles to monitoring systemic risk

G20 Pittsburgh

Aggregation and standardisation pose key challenges as the Financial Stability Board seeks to close data gaps.

Prospectus Directive presents best prospect for progress on capital markets union

Jonathan Hill 167x96

Amid a huge range of responses to the European Commission’s green paper, the importance of equity and infrastructure finance stand out.

Shelby aims to bring clarity to insurance SIFI designations

Roy Woodall

While the Republican bill may not immediately overturn the status of insurance firms as systemically important financial institutions, it could lead to a gradual decline.

Basel consults on interest rate risk

The Basel Committee on Banking Supervision has left open the question of whether interest rate risk in the banking book should be treated as part of banks' Pillar 1 capital ratios or under the Pillar 2 supervisory process.

Regulators hand out fresh foreign exchange fines

In addition to large penalties, one bank has accepted criminal responsibility for the first time.

Asset manager backlash mounts against SIFI designation

The US asset management industry is seeking to highlight divides between prudential and securities regulators on whether unleveraged investment funds pose any systemic risk.

Lawsky to stand down in New York

The first superintendent of a consolidated department of financial services in New York has established the agency as a powerful enforcer and sought to regulate the emerging digital currency segment.

European Parliament rejects bank structural reform

Centre-left groupings say they will only back the rapporteur if he stops attempts to water down the European Commission's original draft.

EU benchmarks reform moves to next stage

The European Parliament's draft proposal for regulating financial indices sets a higher threshold for the definition of a critical benchmark than the European Council's negotiating position.

France calls for progress on money market funds

The French securities regulator has called for the EU to move forward with proposed reforms to money market funds, and to phase out constant net asset value funds.