Latest articles from Philip Alexander

IAIS launches global Insurance Capital Standards

The International Association of Insurance Supervisors is consulting on capital standards that would apply to around 40 insurers around the world.

Buy-side waits for regulators to take next step on resolution swap stays

Tracey Jordal

The outlines of a compromise are emerging, but fund managers will want reciprocal assurances if they are to sign away termination rights.

G20 nations hesitate on TLAC as Europe warns of unlevel playing field

G20 ministers

The G20 ministers asked the Financial Stability Board to conduct an impact study on bail-in proposals that are not yet compatible with EU resolution rules.

Fundamental review still falling short of key objectives

Jon Danielsson

Operational challenges raise questions about whether new trading book rules will create more accurate and comparable market risk weightings.

National structural reforms challenge global banking model

Erkki Liikanen

Banks are concerned about the different timescales in the UK, US and Europe, and the risks to cross-border securities trading activities.

Final structural liquidity ratio holds few fears for banks

BCBS

The Basel Committee’s final version of the net stable funding ratio has resolved the concerns of most banks, with equity-secured financing likely to be the main victim.

Funding valuation adjustment uptake accelerates

The use of fundamental valuation adjustments for financial reporting and pricing of derivative trades is accelerating among the most sophisticated banks.

Risk weight consistency drive ramped up

The Basel Committee has published a detailed programme of work focused on ensuring greater comparability in the methods used by banks to calculate their risk-weighted assets.

Financial Stability Board seeks more inclusive approach

The Financial Stability Board has proposed structural changes to allow for better inclusion of emerging market regulators in its decision-making process. 

IAIS presses on with committee reforms

The International Association of Insurance Supervisors is to push ahead with its plans to replace observer participation in committee deliberations with a formal stakeholder consultation process, despite widespread criticism.