Thomas Vita

Limited room to reform UK regulatory regime

Following statements by officials and various reports, clues are emerging over the future shape of the UK’s regulatory framework.

Piers Haben

Proposed green asset ratio could inflict reputational damage on banks

A European Union proposal for a green asset ratio for banks is being touted as a wake-up call for the industry, but bankers question its feasibility and the risk of unfair reputational damage.

Sarah Dougherty

US regulators scramble to catch up on climate change policies

The Federal Reserve and other US financial regulators are framing a slew of regulations on climate change as they hurry to deliver on ambitious policies to combat global warming set out by the Biden administration. 

Stephan Dreyer

Industry readies for release of new identifier for digital assets

Industry demand is driving the need for a new type of identifier, and one which looks specifically at digital assets

European Commission HQ

Pandemic highlights EU bank resolution framework weaknesses

The EU’s much-criticised bank failure rules are up for re-evaluation. Experts insist the rules are currently unworkable and change is overdue, especially as Europe is poorly prepared for a Covid-19-related banking crisis.

Monetary Authority of Singapore

Singapore Libor transition plan “aggressive but achievable”

Singapore is poised to take the next step in transitioning its interest rate benchmark in April with a ban on issuing swap offer rates (SOR) cash products, as the city-state also sticks to its target to transition most SOR derivatives by end of the third quarter, 2021 - a plan which the country’s leading bank says “is aggressive but achievable”.

Greensill

Supply chain finance likely to face more regulatory scrutiny following Greensill demise

Supply chain finance (SCF), or reverse factoring, is likely to come under greater scrutiny following the failure of Greensill Capital with regulators and accounting bodies in particular thinking more about transparency, according to Fitch Ratings. 

Big Ben and EU flag

EU and UK agree ‘bare bones’ MoU on financial regulatory co-operation

On March 26, EU and UK officials confirmed that they had agreed the contents for a memorandum of understanding (MoU) on financial services, which should lead to the creation of a Joint UK-EU Financial Regulatory Forum. 

Ghana cedi

Ghana sees compelling secondary benefits from green bonds

Apart from nudging firms towards more climate friendly activities, green bonds are also beneficial in that they promote better governance and reporting standards. By Justin Pugsley

Big tech

Big techs may need special rules if they move into finance

Firms with varying business models face particular operational risks and therefore may need to be subject to tailored regulations and supervision

BCBS

Polls suggest some banks will struggle to meet Basel III deadlines

Two surveys reveal mixed progress among banks in meeting deadlines to implement the revised Basel III framework suggesting that some may struggle to be ready on time with FRTB proving to be particularly taxing. By Justin Pugsley

Could central bank digital currencies revolutionise capital markets? A discussion with the Swiss National Bank