Regulation
Industry in discussions to change FX benchmark calculation, says ECB official
Senior market participants have suggested widening the time window in which benchmark exchange rates are set in forex, following allegations of manipulation
Weidmann says ECB governing council must give up SSM oversight
In order to avoid a conflict of interest between monetary and financial supervisory policy, Bundesbank president says either a treaty change is needed, or a new institution separate from the ECB
'Sticky' deposit rates could cost US households dearly when Fed raises rates
Unwillingness among retail banks in the US to pass on rising market interest rates to depositors costs the country's poorest savers up to $100 million a year, Fed economists find
ECB gives Nouy the nod for SSM chair, but Mersch is no 'shoo-in' for deputy
ECB nominates top French regulator to head up SSM; responds to concerns that key decisions will be taken before chair is in place, but Sharon Bowles says questions remain for Draghi
Banking union 'necessary but not sufficient' to fix EU lending, says EBA head
Andrea Enria says banking union is a 'game changer' but cannot fix lending across the single market on its own
Fed presidents push for macro-prudential rethink
Eric Rosengren joins chorus for simpler Basel III capital requirements, while Narayana Kocherlakota says regulators ought to be paying more attention to the measurement of too-big-to-fail effects
Ingves says Basel reforms must move ahead
Resolving issues around regulatory implementation will take time, Basel Committee chairman says, but he emphasises the ‘status quo cannot be maintained'
Bill Clinton says failure to reform OTC markets earlier was a "real mistake"
Speaking at Sifma AGM, former US president says OTC market should have been forced into collateralised regime before 2008 crisis
ECB paper finds value in high-frequency trading
Working paper suggests high-frequency trading aids price discovery, such that regulatory restrictions could damage market efficiency
Asia Risk Congress: BIS points to Asian example as evidence new LCR not 'relaxed'
Asian regulators' partial recognition of Level 2B assets justifies revised Basel liquidity approach
Hedge funds caused post-Lehman liquidity crisis, research finds
Staff report from the New York Fed argues the evidence points to hedge funds, rather than dealers, precipitating the post-Lehman liquidity crisis - with implications for rules on prop trading
FDIC inks MoU with China on bank resolution
The document, signed in Beijing yesterday, seeks to improve collaboration on resolution planning through the exchange of information and co-operation on risk monitoring
RBI and industry disagree over interest rate futures launch
Secret consultation on introducing interest rate futures in India finds disagreement between industry and regulators over the nature of the underlying bonds
Barnier says UK ‘on board' with EU banking legislation
French EU commissioner once dubbed ‘the most dangerous man in Europe' by the UK press says winning British agreement over banking sector reform is a ‘point of credibility'
China relaxes liquidity rules to fall in with Basel timeline
New approach to liquidity risk intended to reduce the regulation's pro-cyclicality; new rules come into effect on January 1, 2014
Bundesbank's Lautenschläger welcomes SSM
Sabine Lautenschläger says she is convinced of the advantages of Europe's single supervisory mechanism, but warns the comprehensive balance sheet assessment will pose challenges
Ingves addresses Basel 25th anniversary audience
Riksbank governor and Basel committee chair highlights five developments over the past quarter of a century, including a shift from a micro- to a macro-prudential perspective
Basel update shows biggest banks' CET1 position improving
Latest periodical review of progress towards Basel III standards shows the world's biggest banks are closing the gap on core Tier I capital requirements; US issues guidelines for Basel compliance
MAS's Menon says Basel rules could hit infrastructure finance
Basel III regulations could disincentivise long-term lending, particularly to private-sector projects, warns Monetary Authority of Singapore managing director Ravi Menon
ECB’s Russo: indirect clearing model needs work
Head of payments and market infrastructure at the ECB calls for greater clarity from regulators on the capital treatment of indirect clearing
Fed’s Tarullo draws on Crockett speech in outlining macro-prudential priorities
Daniel Tarullo sets out five central aims for current macro-prudential policy, taking lessons from a ‘prescient’ speech made by Andrew Crockett in 2000
European Parliament greenlights SSM
Lawmakers vote to put the ECB in charge of supervising Europe's biggest banks, as focus turns to arduous process of establishing single resolution mechanism
Finance ministers set to tackle bank resolution at Ecofin conference
Key policy-makers will gather in Lithuania Friday and Saturday to discuss European Commission's controversial proposal on resolution mechanism for failing banks