Regulation
UK financial regulators begin work on ‘air traffic control’
BoE, FCA and others to co-ordinate more closely on regulation
Irish central bank levies record fine on Wells Fargo
Irish subsidiary of US bank fined $6.6 million for “serious failings" in regulatory reporting
ECB needs liquidity powers for bank resolution – Spanish governor
De Cos stresses mechanism must include guarantees to repay public money
‘O-SII’ limits decreased risky lending – ECB paper
Lending to risky borrowers fell without lasting impact on growth rates, researchers say
RBNZ on course for capital ratio hike despite backlash from banks
Big banks say plan is “too large and too costly”
Basel Committee overhauls leverage ratio to tackle ‘window dressing’
New disclosure rules aim to end “unacceptable” quarter-end rush to cut leverage
RBNZ aims to toughen banking oversight
New Zealand central bank wants to play a more “intensive” and “intrusive” supervisory role
Optimal capital may be higher than previously thought – Basel Committee
Study finds net long-term benefits to higher capital levels
Narrow bank TNB hits back at Fed regulatory proposal
Fed overreaching by attempting to rewrite its chartering authority, TNB says; investment firm DE Shaw also reveals intentions to launch a narrow bank
Carstens warns fading regulatory momentum strengthens ‘vested interests’
BIS chief says complacency could set in as regulators move from implementation to evaluation
Regulations lower rates and cause imbalances – BoE paper
Research into repo market highlights some unintended consequences of post-crisis regulations
RBI toughens liquidity rules for non-banks in wake of 2018 stress
Default by IL&FS triggered liquidity problems across financial markets
FSB launches review of ‘too-big-to-fail’ policies
Bundesbank’s Claudia Buch to lead evaluation of post-crisis reform efforts
New Zealand banks attack RBNZ capital proposals
Central bank proposal would almost double banks’ minimum capital requirements
BoE’s Woods sees value in ditching EU-style rulemaking
Detailed legislation behind banking regulations may be unnecessarily restrictive for UK, says PRA chief; post-Brexit harmonisation with Europe could still cause problems
Finding the right partners with the right solutions
Over the past decade, the financial crisis, globalisation and technological changes have driven uncertainty and brought about drastic changes for central banks. Vermeg‘s Yamen Bousrih explores the importance of having a consolidated, coherent and…
Fed proposes leverage ratio exemption for custody banks
Latest regulatory easing proposal would see custodians gain exemption for some assets
Basel Committee seeks feedback on streamlined version of Basel III
Sprawling array of PDFs was getting difficult to handle, committee says; some elements have been trimmed and ambiguities removed
MAS uses machine learning to spot market manipulation
Apollo tool uses data based on past misconduct cases to spot suspicious patterns
UK’s FCA unveils ‘near-final’ plan to cope with hard Brexit
EBA calls for further action on deposit insurance as the FCA aims to ensure regulations will still function
FSB publishes annual work programme for first time
Priority is to address new vulnerabilities, while finalising, implementing and evaluating reforms
Basel Committee softens impact of revised market risk framework
Final framework cuts expected increase in average capital requirements almost in half; committee may consider some further rule-making in 2019
Fed’s Quarles outlines ‘building block approach’ to insurance regulation
Regulator chose not to copy and paste banking sector regulations onto insurers, says vice-chair
FCA cracks down on ‘dysfunctional’ UK market for overdrafts
Regulator fears vulnerable people are being exploited while banks claim lucrative fees