Outgoing Banque de France governor Christian Noyer has said uniformity between bank and shadow bank rules could have adverse unintended consequences.
Resolution stays hit obstacles
Buy-side firms remain reluctant to adhere to a protocol that would stay their right to terminate derivative trades with a bank that enters resolution.
FX conduct code progresses
The Bank for International Settlements foreign exchange working group intends to look beyond drafting a single global code of conduct, to find ways of ensuring participants adhere to the code.
Growing focus on environment risk
Mark Carney has called on regulators and the industry to try to factor in the long-term financial stability implications of climate change, and the Financial Stability Board is examining the prospects for better disclosure and stress testing.
EIOPA moves forward on infrastructure
Proposed rules would cut risk charges for insurers to hold infrastructure assets, but require stringent qualifying criteria and stress testing.
Constant asset value funds still prevalent
The International Organisation of Securities Commissions says four of the five largest jurisdictions for money market funds have declined to follow its recommendation to move to variable net asset values.
New CVA framework still leaves accounting gaps
Bankers welcome Basel Committee’s inclusion of market hedges in new CVA capital charges, but harbour technical and timing concerns.
Environmental risk pushes onto financial stability agenda
The G20 and UN are keen to find a way to incorporate sustainability issues into financial regulation.
EU sets out capital plan for qualifying securitisations
European Banking Authority proposals offer hope, but US fears unlevel playing field.
Infrastructure revisions touch wider Solvency II debate
Proposals from the European Insurance and Occupational Pensions Authority go to the heart of whether the matching adjustment concept goes far enough.
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