UK Regulatory Reform and its Impact on Financial Markets

On April 1, 2013, the FSA was replaced by separate conduct and prudential regulators, respectively, the FCA and the PRA. These reforms, the most radical since the creation of the FSA more than a decade ago, see the UK move to a “twin peaks” system of regulation…

ANALYSIS: UK Regulatory Reform and its Impact on Financial Markets

On April 1, 2013, the Financial Services Authority (FSA) was replaced by separate conduct and prudential regulators, respectively, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA)…

Basel Committee Finalizes Risk Reporting Guidelines for ‘Too Big to Fail’ Banks, Others

The Basel Committee on Banking Supervision issued Jan. 9 a final set of guidelines aimed at improving the risk data aggregation capabilities and risk reporting practices of banks, particularly those deemed “too big to fail.”…

Central Banks, Supervisors Ease Basel Liquidity Rules, Extend Implementation Time

Central bank governors and banking supervisors from the world’s major financial markets announced a deal Jan. 6 that will ease some restrictions for banks under a proposed new global liquidity standard and give them additional time to meet the new requirements…

U.S. Federal Reserve Proposes Guidelines for Foreign Banks in Keeping with U.S. Bank Capital Standards

Big foreign banks would face capital standards applied to their U.S. counterparts and be required to maintain a 30-day buffer of highly liquid assets under a proposal Dec. 14 by the Federal Reserve that makes significant change in its regulation of overseas lenders…

European Commission Proposes ‘Banking Union’ To Share Oversight, Deposit Guarantee Duty

BRUSSELS—The European Commission proposed May 30 that the euro zone should evolve into a “banking union” with joint supervision and a common deposit guarantee.

EU Approves New Law to Close Loopholes for Financial Conglomerates

Seeking to eliminate supervisory gaps over financial conglomerates with extensive cross-border banking and insurance interests, the European Union finalized changes Nov. 8 to the EU Financial Conglomerate Directive in order to reduce the incidence of contagion and risk-concentration…

Financial Stability Board Unveils List of ‘Too Big To Fail’ Banks Subject to Higher Capital Charges

The Financial Stability Board made public Nov. 4 a list of 29 internationally active banks that are set to be subject to more onerous capital requirements under new global “too big to fail” rules…

Basel Committee on Banking Supervision Reaffirms Capital Charges For ‘Too Big to Fail’ Banks, Liquidity

The Basel Committee on Banking Supervision reaffirmed Sept. 28 its plans to impose additional capital charges on “too big to fail” banks, rebuffing complaints from the large banks that the charges were too onerous.

Tests Ahead for U.S. as Strains on Sovereign Debt Collide with Basel III Capital Framework

Heightened worry about the reliability of U.S. government securities and other sovereign debt is a major wild card as regulators look to implement new bank capital standards under the Basel III framework, experts say…

Next Page »