As an example of bipartisan support for giving smaller US lenders regulatory relief, the US House of Representative voted to pass a bill giving these institutions some leeway around outsourcing functions related to administering mortgages.
Consultation reveals more potential scope for FX code of conduct
A consultation by the Global Foreign Exchange Committee around the practice of ‘last look’ revealed two other areas worthy of investigation in terms of the FX code of conduct. By Justin Pugsley.
China’s battle against excessive leverage turns to bond trading
China clamps down on repo and bond market transactions structured to hide leverage.
Exchanges score victory over data fees
Exchanges in the US win legal victory over charges for market data feeds.
Fed seeks feedback on risk management expectations
US Federal Reserve seeks comments on its refinements to guidance on its expectations of bank boards on the area of risk management.
Has Basel made banks safe?
The Basel framework, which is now complete, has evolved considerably since the financial crisis taking into account new areas of systemic risk. However, is it enough to make the banking system safe?
UK pushes for financial services access post Brexit
The UK side is prioritising financial services access into EU markets after it leaves the Union. But strongly entrenched positions on both sides will make for tough negotiations, but a compromise does look possible.
Minneapolis Fed chief calls for tough action on big banks
Largest US banks should double their equity holdings says Minneapolis Fed chief
English suffers legal setback over leading CFPB
Deputy director of the CFPB suffers further legal setback in her bid to block a Trump appointee from taking over the agency on an interim basis
ESMA targets credit rating agency and trade repository fees
ESMA challenges fee charging practices of credit rating agencies and trade repositories to promote more transparency and disclosure
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- EMIR REFIT has potential to trigger unintended consequences
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