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Debate erupts over bitcoin’s US reg status
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US banks harbour concerns over agencies’ cyber risk rule
Lack of reporting template means “people can give the least amount of data possible”, warns CISO
New Fed regulation head unlikely to roll back all Trump changes
Progressives see climate and crypto as priorities over toughening Volcker Rule or tailoring
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Quotes
There should be a really strong focus on ensuring that both direct membership and client clearing work effectively, and then it makes sense to start evaluating a potential clearing mandate in the Treasuries market
Jonah Platt, Citadel
If your parent or the group is under the new regime whilst your subsidiary or subsidiaries are operating under the old regime, you have to run two engines
Tomohiro Ishikawa, MUFG
Do they really care about their duty to reduce risk to financial stability, both at home and in other places that use the CCP?
Christina Segal-Knowles, Bank of England
Editor's Choice
FRTB starts ‘tug of war’ between front and back offices
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Big Figure
No offence?
UK banks are lobbying for a softening of the rules that ring-fence retail and investment banking activities, but there is little evidence that the framework has pushed the funding costs for UK investment banks out of line with global peers.
Read the full articleRisk Management
US banks harbour concerns over agencies’ cyber risk rule
Lack of reporting template means “people can give the least amount of data possible”, warns CISO
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Comment
A bold step forward in climate-related financial risk supervision
Net losers? Benefits of clearing US Treasuries are cloudy
Our Take
EU’s Basel III delay invites all to play for time
Bond hedging: China must be bolder