Latest articles from Victor Smart

Karen Cox

Australia’s relatively conservative bank reforms already facing some resistance

Australia’s recent banking scandals, very much rooted in conduct issues, triggered a series of fairly conservative regulatory reforms, but even these are facing some industry push back

David Biggin

UK consults over its regulatory regime as Brexit looms

The UK Treasury is consulting over certain aspects of the UK’s financial regime ahead of Brexit

Sonia Hierzig

Policy-makers hardening their stance on climate change reporting

The TCFD is one of the most high profile voluntary climate initiatives impacting the financial sector. However, moves are afoot to start mandating some aspects of climate change reporting contained in the framework

Andrew Bailey

UK limited on how far it could change its regulatory regime post-Brexit

There has been much speculation as to how far the UK’s regulatory regime might change post-Brexit. However, any changes will be constrained by international factors, not least its future relationship with the EU

Larry Wall

Is curbing compensation incentives the most powerful regulatory tool?

Could influencing the way bankers are compensated, namely around risk taking incentives, be key to tackling financial instability? It is a question a paper from the Atlanta Fed attempts to answer

Steve Eisman

Steve Eisman believes Canadian banks are under-estimating credit risks

Steve Eisman, who became world famous for his successful bet against US mortgage related CDOs in the run up to the 2007-9 global financial crisis has set his sights on Canada’s banks for his latest short selling punt

Rebecca Healey

‘Resented’ MiFID II makes global impact

Financial firms tend to dislike MiFID II, and those outside the EU tend to resent having to comply with some of its provisions, but evidence is emerging that there could be some benefits from compliance

Hani Nabeel

Banks still trying to perfect ways to improve employee behaviour

Some 10 years after the global financial crisis, banks are still struggling to find the most effective measures to improve their corporate cultures to avoid misconduct

Andrew Schmulow

Australian royal commission turns out to be less radical than banks feared

A slew of banking scandals in Australia has seen the authorities conclude that it was less the law that was at fault and more a case of it not being applied vigorously enough by regulators. The subsequent recommendations aim to address the deficit in application

Piers Haben

Europe forced to rethink conduct regimes following Danske Bank scandal

A spate of money laundering scandals is forcing EU regulators to rethink the way they regulate and monitor financial institutions’ activities around ‘dirty’ money