Regulation
Quarles advocates end to ‘micromanagement’ of supervised banks
Fed’s vice-chair for supervision aims to preserve a secure financial system and foster efficiency
Mozambique central bank cracks down on AML breaches
A total of $2.6 million in fines is divided among 15 institutions found in breach of legislation
Malaysian central bank aims to boost use of Islamic insurance
Ibrahim tells takaful providers to leave their “comfort zone”
Basel Committee adds ‘amber zone’ in market risk revamp
“Amber zone” will protect near-miss desks, but regulators not convinced by NMRF complaints
Patel complains of ‘deep fissure’ in Indian regulation
RBI governor’s remarks seek to deflect criticism over recent Punjab National Bank scandal
ECB’s Nouy advocates global banking supervisory co-operation
International nature of financial system demands regulation across borders
European yield curve calculation regulations should change, ESRB says
Last liquid point, ultimate forward rate and convergence point should all change, report argues
UK banking sector faces higher costs after Brexit, report warns
Banks may need to replicate departments in Europe to comply with EU regulations
RBNZ sees no need to impose prescriptive cyber-security rules now
Head of prudential supervision at the central bank says it is looking to market discipline to ensure high standards
Mersch criticises Commission over securitisation regulation
Some ‘STS’ provisions reduce transparency and increase complexity, ECB board member says
BCBS and Iosco publish draft securitisation criteria
Document focuses on “simple, transparent and comparable” asset-backed commercial paper securitisations
A regulatory storm hits China
Regulators are imposing a new wave of tighter financial supervision
Securities regulation ‘does not need brand new framework’ – Esma head
Regulators must avoid inconsistency, Maijoor says
EU could go it alone on leverage ratio, says MEP
Swinburne says clearing should be shielded from ratio "if Basel does not deliver"
Visco wary of changing regulation on sovereign exposures
Italian governor acknowledges sovereign exposures are not risk-free, but questions whether changing prudential rules is necessary
RBI plans to regulate nascent P2P market
Central bank proposes bringing peer-to-peer lending within its regulatory remit
National Bank of Romania flags ‘severe systemic risk’ posed by legislative framework
Central bank publishes first of two financial stability reports due this year, after change in policy
French governor calls for ‘gradualism’ in fintech regulation
François Villeroy de Galhau sees merits in “proportionate adaptation” of regulations in new FSR
World needs ‘less and better’ finance, Bundesbank board member says
Financial authorities must not “prematurely” discontinue regulatory reforms, Dombret argues
Rohde laments Denmark’s lack of banking reform clout
Denmark lacks a seat on the Basel Committee
Romanian central banker warns of risk from ‘unwarranted’ loan law
Romania deputy governor warns of risks posed by legislative initiatives
Cyprus amends anti-money laundering regulation
New directive increases requirements for verification of customers’ identities
PSR has taken ‘decisive action’ in its first year – managing director
Nixon marks PSR’s first birthday with speech in Copenhagen
Investors to sue Portuguese central bank over asset writedown
Pimco and BlackRock lead bondholders in claiming Bank of Portugal violated law