Latest articles from Philip Alexander

Clearing houses next up for recovery plans

Financial market infrastructure such as central clearing counterparties and payments systems are next in line to be required to draft recovery and resolution plans to avoid taxpayer bail-outs.

Insurance systemic tag debate rumbles on as reinsurers face inclusion

The Financial Stability Board is preparing to add reinsurers to its list of systemic institutions, but the industry is still unclear on the criteria or the implications.

Basel comparability drive could stifle operational risk management

The pressure to benchmark Basel risk weights could push into operational risk, but models are being challenged by massive legal settlements.

New York’s Bitlicence delay fails to reassure entrepreneurs

Bank-style regulation looks inappropriate for digital start-ups in New York, but European firms believe rules are needed to stop banks abandoning the sector.

Comprehensive assessment still has potential to surprise

Andreas Dombret

Several banks have pre-emptively raised capital or restated balance sheets, but officials and analysts warn nothing should be taken for granted.

US ABS rules reassure issuers, but not investors

The US Securities and Exchange Commission altered new rules for asset-backed securities to ease privacy concerns, but investors want more disclosure.

Regulators set for final round of post-crisis rules

Members of the Basel Committee on Banking Supervision together with supervisors from more than 100 jurisdictions met in China to discuss remaining priorities for the post-crisis regulatory reform agenda. Top of the list is the finalisation of the net stable funding ratio and rules on securitisation.

Call for banks to separate FX fix from trading desk

The Financial Stability Board published its final recommendations for reform of foreign exchange benchmarks, in the context of ongoing investigations into alleged manipulation by investment banks.

International bodies look to future risks

After a meeting of the Financial Stability Board in Australia, chairman Mark Carney pledged in a letter to G20 ministers that the organisation is turning its focus away from the causes of the financial crisis, and toward “new and constantly evolving risks and vulnerabilities”.

Financial Stability Board wants single data hub

The Financial Stability Board has recommended a physical or logical global aggregation of data on over-the-counter derivatives trades to improve transparency, protect against market abuse and help manage systemic risks.