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Latest on Regulation
Capital cut for synthetic securitisations splits regulators
European rulemakers wary of diverging from Basel standards
UK swaps carrot for stick in Libor switch
BoE committee mulls policy action, which could include capital hikes on Libor exposures
On CCP oversight, US and EU may be closer than they appear
Competing proposals on foreign CCP oversight have more in common than recent rhetoric implies
Latest
Quotes
If the Basel III rules are applied to banks, then hedge funds could still circumvent the repo haircut floors
European industry lobbyist
We have shown that we are able to put these decisions in place very, very quickly, in 48 hours, and Esma is ready to recognise any UK CCPs
Patrick Pearson, European Commission
The commission should consider whether elements of Regulation ATS should apply to Treasury ATS that account for a certain minimum level of trading
Elad Roisman, Securities and Exchange Commission
Editor's Choice
Industry expects US FRTB proposals by year-end
Fed likely to co-ordinate progress with EU, which may also accelerate its timetable
Big Figure
Software and hard numbers
The size of software assets at European banks means a proposed EU rule to allow them to stop deducting the full value from capital could provide significant relief – but only if banks can prove the technology would still be worth something in a resolution scenario.
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Comment
Sovereign spreads and Target2 anomalies
How to adapt a bank for MPE resolution strategy
Our Take
US clearing houses need not take collateral damage from Brexit
In stress-test window-dressing, timing is everything