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Time to Look Again at the Financial System’s Dangerous Faultlines
By Paul Tucker
January 20, 2021, Financial Times
The writer is chair of the Systemic Risk Council and author of “Unelected Power”
The west cannot afford another financial crisis. It …
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Bank of England Adapts Bank Stress Test for Pandemic Era
By Huw Jones
January 20, 2021, Reuters
The Bank of England’s health check on banks this year will seek to ensure that Britain’s big lenders, including HSBC, and Barclays, can …
Biden’s Wall Street Watchdogs Signal New Era of Tough Oversight
By Benjamin Bain, Jennifer Epstein, and Robert Schmidt
January 18, 2021, Bloomberg
President-elect Joe Biden’s team of financial regulators is taking shape, with progressive favorites being chosen for the top …
Market Questions SMCR’s Efficiency
By Alice Tchernookova
January 19, 2021, Practice Insight from IFLR
More than four years have passed since the introduction of the Senior Managers and Certification Regime (SMCR), and although the …
Gensler Expected to Put Teeth in Reg BI — Not Overturn It
By Mark Schoeff Jr.
January 19, 2021, InvestmentNews
Investor advocates and other experts expect Gary Gensler to strengthen the broker investment advice standard his predecessor put in place rather than …
Biden Offers Fed Veteran Nellie Liang Top Post at Treasury
By Saleha Mohsin and Liz McCormick
January 21, 2021, Bloomberg
President Joe Biden is offering Nellie Liang, a veteran of the Federal Reserve and expert in financial regulation, a top …
CFTC Chair Steps Down, Academic Chris Brummer in Lead to Replace Him: Sources
By Jarrett Renshaw, Karen Brettell, and Michelle Price
January 21, 2021, Reuters
Heath Tarbert stepped down as Commodity Futures Trading Commission (CFTC) chair on Thursday, with Georgetown University academic Chris …
Joe Biden Names Democratic Allison Herren Lee New SEC Chief
By Axiz Abdel-Qader
January 21, 2021, Finance Magnates
President Joe Biden named Allison Herren Lee acting Chairman of the Securities and Exchange Commission (SEC) on Thursday, the agency announced.
Lee …
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Biden’s Banking To-Do List: Pandemic Relief, GSE Reform, Regulatory Hires
By Hannah Lang, Brendan Pedersen, and Kate Berry
January 20, 2021, American Banker
Joe Biden, who was sworn in as president Wednesday, faces an array of difficult decisions on financial …
European Commission Pushes for Consolidated Tape in Bond Markets
By Annabel Smith
January 20, 2021, The Trade
The European Commission has set out plans to push for a consolidated tape in the European primary and secondary bond markets following …
