Masao Hasegawa, CRO at Mitsubishi UFJ Financial Group, says he was taken aback by a regulatory requirement to develop a resolution and recovery plan before year-end
A new pull for CoCos
Incoming president of the European Central Bank warns against pressure to water down regulatory reform, in this edited version of a foreward to a new Risk book
With the increased global threat of risk in the financial and other systems, the OECD calls for a permanent risk body within its organisation
ETF providers have been angered by the continuing focus on synthetic ETFs by regulators such as the Bank of England and the IMF. But they are particularly concerned about the bad press coverage.
Bair bids bye-bye
Clearing rules 'won't work' unless US and European regulators can agree on detail, says senior French regulator
Systemically important solutions
Basel Committee proposes a staggered common equity capital surcharge for systemically important banks, but steers clear of contingent capital
A panel of experts at the Risk India conference in Mumbai believes the ETF market is set for growth in India, but expressed concern about synthetic products
Holding back the regulatory tide
Lyxor and Deutsche Bank invite other European ETF providers to join a conference call next week to discuss the setting up of a new industry body
State Street launches 12 ETFs in Switzerland
In the week that three intergovernmental bodies turned their focus on the ETF industry, market participants say they see more regulation ahead
FSB warns of counterparty risk due to rapid growth of synthetic ETF market; also expresses concern about on-demand liquidity in stressed conditions, particularly linked with vertically integrated providers.
The Basel Committee has now agreed on criteria for banks posing systemic threat; FSB agrees on accelerated timetable for G-20 recommendations
Regulators may keep the rules simple for Sifi selection process
Financial Stability Board says more action needed on liquidity, counterparty, structured credit disclosure practices
New York Federal Reserve executive vice-president Sandra Krieger stresses importance of backstop measures to reduce systemic risk arising from shadow banking activities
Rulemakings are undermining progress, dealers say
Iosco members fail to agree on whether organised trading platforms for derivatives should source liquidity from multiple institutions.