Basel’s proposed tightening of the new expected credit loss accounting framework will help bring earlier loss recognition, but it could also heighten tensions between regulators and accountants.

The US Federal Reserve is planning to propose rules restricting banks’ activities in commodity markets, according to chair Janet Yellen.

Fed and FDIC extend resolution plan deadline for AIG, GE Capital and Prudential Financial.

The Commodity Futures Trading Commission has reopened the comment period on re-proposed rules that would establish 28 limits on speculative positions in commodities, including natural gas, crude oil and gasoline

Chair Janet Yellen has said the US Federal Reserve expects “significant changes” related to banks’ legal structures and the ability of critical operations to continue during distress.

US systemically important financial institutions have relatively low leverage ratios compared with smaller banks, according to a report by the US Treasury’s Office of Financial Research.

The US House Committee on Agriculture has urged the Federal Reserve to reduce capital requirements for client margin held in segregated accounts by futures commission merchants.

The US Securities and Exchange Commission has postponed a decision on whether or not to approve a tick size pilot programme announced last year.


US Commodity Futures Trading Commission chair Timothy Massad has told swaps end-users to expect margin rules for uncleared swaps by summer.

US regulators responsible for implementing the Volcker rule banning banks from proprietary trading have clarified exemptions for funds run by foreign banks.