Basel III and OTC derivatives reforms were on track and broadly achieving their intended goals. High public debt and rising non-bank financial intermediation remain a focus area for the FSB.
November 30, 2018Regulators will designate more financial institutions as 'too big to fail' and subject them to additional prudential and supervisory requirements.
November 29, 2018Progress to enhance the resolvability of SIFIs is advanced in the banking sector, but most jurisdictions do not yet have a comprehensive resolution regime for CCPs in place.
November 20, 2018China may designate more firms as systemically important to the country’s $40 trillion financial sector. Authorities will shortlist 50 firms that potentially warrant this designation.
October 11, 2018ASIC's plan to embed its own staff as officers at major Australian banks will affect risk taking and how the Australian public is served by the financial services industry.
August 13, 2018Directly fining banks for the misdeeds of former executives has proven to be unproductive. Yet, determining personal liability for individual bank officers continues to be an elusive and difficult task.
July 30, 2018The latest Eurozone bailout has effectively sentenced the country to a generation of vassalage, creating a financial serfdom. Weak growth and regulatory shortcomings will only invite the next crisis.
June 25, 2018Financial regulation is beginning to mirror the boom and bust cycles of the market as participants lobby regulators to loosen capital requirements – this at what appears to be the peak of the post-crisis economic growth cycle.
June 14, 2018Proposed changes by the Trump Administration to the Volcker Rule are already controversial. Linking cause and effect to risk management have only resulted in an excessively complex regulation that is proving difficult to reform in a “too big to fail”...
June 11, 2018FRTB will force banks to change their operating models, bringing them out of product and trading desk silos. Bank trading culture and the trading desk concept may need to evolve to accommodate a wider picture of risk taking.
May 28, 2018