Latest articles from Philip Alexander

FSOC insurance debate heats up as legal challenge looms

Jacob Lew

Procedural changes have done little to assuage political divide on whether insurers should be designated as systemically important financial institutions.

Regulators likely to adapt MiFID market-making rules

ESMA

The European Securities and Markets Authority may acknowledge the need for a rethink in light of consultation paper responses.

European money fund reform passes first of many hurdles

European Parliament

The European Parliament has agreed a compromise on money market funds, but member states remain deeply divided.

Rapporteur seeks compromise to save EU bank structural reform

Gunnar Hökmark

Gunnar Hökmark is hoping that a risk-based approach to trading desk separation that will allow for national discretion will enable agreement.

EU bank resolution rules reignite debate over systemic risk

EBA

Technical advice for the bank resolution and recovery directive has underscored the improbability that it will ever be used for the largest banks.

Regulators defend 'giant step backward' on non-bank SIFIs

Big step

The US designation debate casts a shadow over international consultation on how to identify and respond to systemic risk in asset management.

Deadline for global swap margin rules postponed

Industry participants are relieved that global rules governing the posting of margin on derivative trades that are not centrally cleared have been postponed to reflect the slow legislative process in key jurisdictions.

MiFID derivatives rules spark fears

Futures and swaps market participants believe proposed European rules governing transparency will classify far too many instruments as liquid.

Industry urges caution on standardised floors for bank models

Financial industry trade associations are calling for the Basel Committee to take stock of the existing bank capital framework before introducing radical changes to risk-weighted assets.

Attention turns to market price data

The market data used by banks as inputs for their internal capital models could be the next target for regulatory initiatives. An industry-led solution looks possible.