Latest articles from Philip Alexander


Financial Stability Board shifts focus to long-term investors

Regulators want to examine the impact of institutional funds on market liquidity, securities lending and asset manager stability.


EU commodity traders prepare for new era

Although rules on commodity position limits have been adjusted for illiquid products, MiFID still represents a radical transformation for previously unregulated activities.

Jonathan Hill 167x96

Market liquidity will be key test for capital markets union

Industry participants are still unconvinced over whether the EU has chosen the right initiatives to improve the way financial markets function.


Consistent US approach to Bitcoin proving elusive

Despite efforts at coordination between state regulators and growing federal attention, digital currencies could still face conflicting rules.


Banks urge Basel to rethink interest rate risk

A standardised pillar 1 approach cannot take account of the specific business models and operating environments of different banks around the world, say industry associations.


Banks defend internal models for CVA charge

Industry associations welcome efforts to align regulatory capital requirements with accounting CVA, but are wary of suggestions that internal models should be scrapped.


Regulators promise to tackle derisking

The Financial Action Task Force will deliver more guidelines on money remitters, customer due diligence and non-profit organisations to strike a balance between anti-money laundering and financial inclusion.

IFRS 9 could solve sovereign risk debate

The use of expected loss accounting on financial instruments would offset the zero risk weights assigned to sovereign debt by bank regulators in some EU jurisdictions.


Solvency II infrastructure review extended

The European Commission wants to consider lower solvency requirements for insurance investment in infrastructure corporates as part of the Solvency II recalibration.

Jerome Powell

Treasury market structure under scrutiny

US regulators are considering whether techniques being developed to reduce volatility from algorithmic trading in equity markets may also need to be applied to treasuries.