Supervisors have for years responded to financial crises by developing new regulations and standards. The US banking crisis in the 1980s resulted in Basel I in 1988, the onset of the Asian financial crisis in 1997 led to the Basel core principles for effective banking supervision and the collapse of Long-Term Capital Management in 1998 was one of the catalysts for the revised Basel market risk framework in 2005.
But each new regulatory amendment stimulates innovations and attempts by financial
- Regulators to scrutinise CCP default auctions
- People moves: Bank of America names new Apac chiefs, Wilkinson leaves LGIM, Lloyds loses Coutte, and more
- VAR surges, revenues tank at French banks hurt by volatility
- A rush on Libor fallbacks to head off holdouts
- Swaps data: SOFR volume and margin insights