Basel Committee on Banking Supervision has granted a five-year transition period for banks to adjust to new IFRS 9 accounting standards.
Regtech’s deepening role likely to spark greater regulatory scrutiny
Regulators likely to take a deeper interest in regulatory technology as it takes on more critical tasks and deepens its role within banks
China money market volatility flares up ahead of new regime
The People’s Bank of China has taken measures to curb shadow banking system, stoking money market volatility in the process. Justin Pugsley reports.
ECB aims to raise credibility of internal models
The European Central Bank (ECB) aims to boost market confidence in the internal models used by banks to calculate risk-weighted assets, by reducing variability and potentially forcing some banks to carry more capital. By Justin Pugsley.
Data key to managing conduct risk
The financial scandals that have rocked the industry since 2008 are forcing firms and regulators to take conduct risk much more seriously. However, firms shouldn't just rely on the ‘three lines of defence’ model for compliance. By Jon Szehofner and Clarisse Mallem at GD Financial Markets.
Bank of England unlikely to foresee next financial crisis
The Bank of England’s models are not up to the job of spotting the next financial crisis, according to one senior official.
European repo market may not be functioning properly
ICMA expresses concern over European repos and knock-on effects on smaller banks, insurance companies and pension funds.
Steven Mnuchin confirmed as Treasury secretary
Steven Mnuchin takes reins at the US Department of the Treasury and faces full workload of reforms.
CFTC grants swaps dealers six-month reprieve on variation margins
CFTC gives swaps dealers another six-months to be compliant with over-the-counter derivatives variation margin rules.
Yellen asserts Fed’s authority to negotiate with global rule-setters
Fed chair Janet Yellen enters war of words with vice-chairman of House Financial Services Committee over participation in supranational regulatory bodies.
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