Latest articles from Philip Alexander

Basel must tread carefully on risk-weight floors

BCBS

Bank regulators must perform a delicate balancing act if standardised approaches are to work as a backstop to internal capital models.

Open approach cannot hide fundamental rift on insurance capital standards

Open doors

The IAIS has asked 169 questions in its consultation, but may not be able to reconcile the answers from the US and Europe.

Europe pushed to go its own way on securitisation

ECB

There are signs that policy-makers are sympathetic to industry demands for the EU to ease capital rules without waiting for an ongoing Basel review.

Pressure builds on EU to end corporate CVA capital exemption

Roberto Gualtieri

The European Banking Authority is actively considering requiring banks to calculate a capital charge for their credit valuation adjustment exposure to corporates.

Markets still in the dark over MiFID high-frequency trading controls

The European Securities and Markets Authority has added a new method for defining HFT without deciding which approach to adopt.

EU and US close to deal on CCP equivalence

A European Commission official has said that the US is prepared to offer a much-simplified registration process for European central clearing houses to operate in the US.

European banks confirm fears over TLAC initiative

The Financial Stability Board proposal for bail-in bonds could be incompatible with European legislation, forcing excessive issuance of subordinated debt and risking legal challenges.

Basel urged not to overload bank boards

Bankers and former regulators think the Basel Committee is pushing bank boards too far into day-to-day business decisions with its revised principles on corporate governance.

Ideological divide emerging over EU bank structural reform

Centre-left politicians are accusing the centre-right of using the new European Commission's capital markets union as an excuse to undermine the case for separating trading activities from core banking.

Legislators closer to trialogue on financial benchmarks

With the European Council close to reaching an agreed position, equivalence, commodities and the definition of critical benchmarks are the remaining points on which members of the European Parliament need to decide.