Latest articles from Philip Alexander

Ukraine provides first test of IMF’s new sovereign debt restructuring policy

Natalie Jaresko

The International Monetary Fund unveiled a new approach in 2014 to countries whose debt burden might not be sustainable. Now Ukraine’s creditors will test that commitment.

Financial Stability Board intensifies focus on cross-border banking pull-back

Mark Carney 167x96

Regulators are working with the World Bank to take a closer look at the growing exclusion of some jurisdictions and segments from transaction banking networks.

Clearing reprieve for EU pension funds

The European Commission has extended an exemption from central clearing for pension funds, to give clearing houses more time to prepare to take non-cash collateral.

Bermuda seeks full Solvency II equivalence

Switzerland is the only country granted full and permanent equivalence to the EU's Solvency II insurance regime under the first wave of decisions by the European Commission, but Bermuda is determined to follow suit.

Gaps remain in systemic bank supervision

The Financial Stability Board says jurisdictions that are home to global banks have significantly intensified their focus on resolution planning and corporate governance, but cross-border supervisory colleges need to be reassessed.

CFTC pledges to complete the task on swap execution facilities

Sharon Bowen

Commissioners indicate that they want to remove the obstacles to smoother buy-side participation in electronic swaps trading.

Industry turns fire on simplistic credit risk rules

BCBS

Banking associations believe proposed new ways of calculating credit risk weights for the Basel ratio are less accurate predictors of risk than the existing methods.

European securitisation markets pin hopes on Hill

Jonathan Hill 167x96

The industry is keen for the EU’s capital markets union to deliver on securitisation as unease grows over the Basel trading book review.

Partial reprieve for European repo markets

Godfried de Vidts

A compromise agreement on the EU’s securities financing transactions regulation has addressed some of the key issues that could have hampered market functioning.

UK stress test signals tighter model management

Stress tests

The Bank of England’s 2015 stress test manual is comparatively prescriptive, but analysts are already asking if it is time to look at non-economic stresses.