Foreign bank IHCs have shrunk between 16% and 41% since Q3 2016
Consultations outline how the Bank of England will assess “resolvability” of banks
US clearing members divided on whether NDLs are CCPs’ responsibility or a mutual risk
Requirement for opcos of bank holding companies could be tailored or scrapped entirely
Fourteen of 24 member countries do not have bail-in powers
SRB says legacy English law bonds ineligible, but BRRD grandfathering could solve problem
FBOs attract hundreds more matters requiring attention than domestic banks
Unsuitable rules for failed banks could be used to resolve French and German clearing houses
Learning the wrong lesson from Lehman? Ring-fencing hikes risk of bank failure, says Credit Suisse’s Wilson Ervin – he proposes an alternative
Lawmakers disagree over whether Esma should be given new powers to tackle distressed CCPs
Will Jelena McWilliams finally nail down the FDIC’s role as a resolution authority?
Regulatory uncertainty fading as constraint on MREL placements
Hong Kong regulator supports 75% internal TLAC to boost international co-operation
Bondholders poised to challenge “no creditor worse off” valuation if compensation is denied
This paper discusses the many differences between CCPs and banks as well as the significance of these differences.
Subordinated debt requirement will hit smaller banks hardest
Proposal allows pre-resolution stay as well as one during resolution provided bank reopens in between
Leaked BRRD text reveals all Greek and Portuguese banks could escape subordinated debt regime
Contributions to the SRF jump 25% on average
One EU regulator has already asked banks to avoid reliance on English law for bail-in
Isda AGM: Parliament tackles big issues in recovery and resolution text, but 'doesn’t go far enough'
US bankruptcy-first approach needs more thought on emergency liquidity, say experts
China and Japan should wait for outcome of US regulatory review and Brexit before retaliating
Sharp increase in risk weight for strategic equity stakes will capture ownership of apex banks