Latest articles from Philip Alexander

Financial Stability Board focuses on climate risk

The Financial Stability Board wants financial institutions to be able to report and manage their own and their clients' exposures to climate-related risks including physical damage and the transition to a lower carbon economy.

Clampdown begins on last look

The New York Department of Financial Services has specified that last look should only be used to prevent ultra-high frequency traders from exploiting slower dealer systems with toxic order flow.

Regulator calls for Solvency II clarification

The Bank of England warns that EU member states have different views on whether insurers can automatically assume the use of the Solvency II volatility adjustment in their internal model assumptions.

Transatlantic insurance talks begin

The US has opened talks with the EU under the Dodd-Frank Act to enable mutual recognition of insurance and reinsurance prudential regulation regimes.

EU Commission launches single deposit insurance

The European Deposit Insurance Scheme would build up to full mutualisation in three phases from 2018 to 2024 and includes safeguards to ensure appropriate use by all members.


G20 steps up efforts to protect correspondent banking

The Financial Stability Board has set out a four-point plan to address the impact of anti-money laundering rules, but bank clients remain unconvinced.


Basel’s backward step on operational risk

Regulators will need to ensure continued momentum on improving operational risk management if the advanced modelled approach is shelved.


Regulators forge ahead with higher loss absorbency

The International Association of Insurance Supervisors is pushing ahead with a proposed capital buffer despite incomplete work on its key parameters.


MiFID bond transparency rules reach workable solution

The decision to employ instrument-specific criteria to determine if a bond is liquid has reassured the industry, but data and new issuance remain concerns. 


Dealers sound alarm after impact studies on Basel market risk rules

The fundamental review of the trading book could raise capital sharply, while reducing risk sensitivity.