Latest articles from Philip Alexander

Financial Stability Board moves to monitoring phase

With the post-crisis financial regulatory agenda nearing completion, the Financial Stability Board is beginning to focus on how far its members are implementing the package of reforms.

Hong Kong activates counter-cyclical buffer

The Hong Kong regulator is the first to use the Basel III macroprudential tool to increase bank capital requirements as a way to cool credit growth.

EU insurance regulator cuts activities

The European Insurance and Operational Pensions Authority is shelving work on financial stability and consumer protection after a 7.6% fall in its budget allocation for 2015.

Rapporteur pledges flexibility on EU money fund rules

The idea of low-volatility variable net asset value funds could break the EU political deadlock over a crucial G20 priority for the regulation of the shadow banking sector.

Proportionality the key challenge for EU benchmark rules

Cora van Nieuwenhuizen

A new parliamentary rapporteur is winning broad-based support, but the move beyond International Organisation of Securities Commissions principles still raises concerns.

Transparency alarm grows as ESMA sets out MiFID liquidity definitions

The European securities regulator has chosen to define fixed-income liquidity by classes of instrument, sparking fears of a blunt measure.

EU money market fund rules may flounder

Brian Hayes

Tighter concentration limits and increasingly scarce high-quality sovereign bonds could scupper plans for EU government funds.

Conduct moves to top of agenda as pay debate continues

Mark Carney 167x96

The UK senior managers regime is at the forefront of international efforts to align incentives with good risk management, but legal difficulties abound.

Strong enforcement of living wills could ease EU structural reform controversy

Erkki Liikanen

Proprietary trading ban unlikely to be a politically acceptable compromise to implement Liikanen report proposals.

Basel Committee begins work on model floors

The Basel Committee is examining the use of standardised approaches as floors for banks' internal models to calculate the risk-weighting of assets in their capital ratios.