Local holding companies are a “step in the wrong direction”, says European resolution chief
Cumulative capital impact will weigh on big market-makers, academic warns
The Federal Reserve is planning a radical departure from traditional supervision by requiring the local offshoots of foreign banks to meet US capital and liquidity rules. Overseas banks are furious – and regulators are backing them publicly, amid fears...
Regulating the renminbi
Chinese corporates will now have access to onshore and offshore hedging markets
Bank of England paper identifies specific information gaps in cross-border banking statistics published by Bank for International Settlements; improvements thought to be under way
Living wills have quickly emerged as a new measure to ensure banks are better prepared for the next crisis. But clear definitions of exactly what information they should contain and how they should be drawn are lacking
Daily news headlines
Basel Committee sees good progress on implementation
Guido Ravoet, secretary general of the European Banking Federation, talks to Victoria Pennington about changes in regulatory framework, the substantial amount of work facing compliance and risk executives, and why he thinks the EU financial regulatory...
The Basel Committee on Banking Supervision published a consultation paper yesterday outlining basic guidance for banks on the structure and operation of their compliance function, and "sets out banking supervisors' views on compliance in banking organisations."
BASEL - Banks need to integrate cross-border electronic banking risks into their overall risk management framework, the Basel Committee said in a paper released today.
LONDON - The biggest concern arising from the complex Basel II bank capital accord is about how it will operate for banks across national borders, Tanya Castell, London-based head of investment bank UBS Warburg’s risk policy group, said today.