European Parliament approves Omnibus II as focus of debate moves to the fine details of impending delegated acts
Recognition of the validity of 'set-off' rules seen as positive but further clarification needed from Chinese authorities
Regulators are seeking higher op risk capital levels due to the impact of events several years ago – which is difficult to explain to bank boards
The computational requirements of Solvency II are driving the need for more computing power and data storage accessible on a scalable basis. Early adopters are leveraging cloud computing for their Solvency II implementation. Others are taking a more cautious approach, waiting for the industry to address key concerns such as security before they to embrace computing.
More Regulation articles
Two studies show how financial industry cash and lobbying shape US regulations – and how they could be undermining Fed efforts on macro-prudential oversight
Banks competing with a large securities market may abandon conservative lending policies, making them vulnerable to bubbles in response to an inflow of capital
Subtle change of direction signalled by CFTC chairman nominee at Senate confirmation hearing
For banks to apply a 2% risk-weight, non-EU CCPs must be approved by Esma and their home-country rules by the EC. That process has to be complete by June 15 but banks now fear that will not happen in some cases
In response to industry fears of a collateral crunch, regulators have revised the proposed rules on margining for uncleared over-the-counter (OTC) derivatives.You can find out more by downloading this white paper here.