EU officials are becoming increasingly vocal over their disapproval over some of the reforms being put forward by the Basel Committee on Banking Supervision, potentially threatening to fragment the global regulatory banking framework
Clutching at the silver linings of tougher regulation
From the point of view of most banks there is little to get excited about when facing tough new rules, however forcing banks to become data-centric could have some silver linings
Banks struggle to conquer FRTB mountain
The Fundamental Review of the Trading Book has been described as among the most challenging of all regulations to implement. Regulatory experts therefore see a tough road ahead for banks as they struggle to comply with it on time.
UK prime minister signals EU exit trigger by March 2017
UK to trigger two-year exit process from the EU by March 2007
Shadow Committee calls for €1000bn growth boosting fund
A Shadow Committee made up of academics has called for a €1000bn fund to be set up and for further regulatory reforms to boost the fragile EU economy
Wells Fargo storm could prompt tougher compensation rules
Wells Fargo scandal could trigger tougher compensation rules for banks in the US
Money market reforms delivering US rate rise
Reforms to US money market funds have already delivered a US interest rise and are making short-term funding more expensive for banks
Deutsche Bank woes have negative implications for European banks
Deutsche Bank's prosecution by the US Department of Justice further shakes confidence in the European banking system
Many UK firms fear missing MiFID deadline
A large minority of regulated firms in the UK are worried they will not be compliant with MiFID II by the 2018 deadline. PA Group says this could complicate the UK’s access to EU markets once it leaves the union. Justin Pugsley reports.
Progress on European banking union painfully slow
The European Banking Union is slowly inching forward, but some political and technical hurdles remain before it can be completed and provide another crucial prop for the embattled eurozone. Justin Pugsley reports.
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