Financial Services
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Biden tax increase might not be so bad for big banks
By David Henry
October 22, 2020, Reuters
Democratic presidential candidate Joe Biden’s plan to raise corporate taxes would have a modest impact on profits of big U.S. banks and probably …
UK increases sentence for market abuse in post-Brexit financial regulation plans
By David Milliken
October 21, 2020, Reuters
Britain set out a roadmap for post-Brexit financial regulation on Wednesday, saying it wanted to improve regulatory standards and would increase the maximum …
Strengthening supervisory co-operation in derivatives markets
By Heath Tarbert & Jon Cunliffe
October 20, 2020, Risk
The financial relationship between the United States and United Kingdom is a hugely important one. The UK is the single …
Treasury launches review of financial services regulation to ‘take back control’ after leaving EU
By Bérengère Sim
October 20, 2020, Financial News
City Minister John Glen launched a regulatory framework review for the UK to “take back control of the decisions” governing the country’s …
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Big Banks Need a Year’s Worth of Liquidity Under U.S. Rule
By Jesse Hamilton
October 20, 2020, Bloomberg
Wall Street banks will have to show their funding can withstand 12 months of economic stress under a rule issued Tuesday, even as …
Second sovereign downgrade wave coming, major nations at risk – S&P Global
By Marc Jones
October 16, 2020, Reuters
Some of the world’s top economies could see their credit ratings cut or put on downgrade warnings in the coming months in a …
Banks Brace for ‘Big Bang’ Switch on $80 Trillion Worth of Swaps
By William Shaw, Liz McCormick, and Tasos Vossos
October 15, 2020, Bloomberg
It’s being called the “big bang,” and it has derivatives traders on high alert.
In a critical development …
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EU watchdog sets out software capital relief for banks
By Huw Jones
October 14, 2020, Reuters
The safety buffers of banks in the European Union would swell by billions of euros under proposed rules that allow lenders to include …
Financial system stable ‘for now,’ but vulnerabilities rising: IMF
By Pete Schroeder
October 13, 2020, Reuters
Policymakers’ unprecedented response to the global health crisis has contained risks to the financial system, but a prolonged recession or policy missteps could …
EU pushes UK to budge at ‘critical stage’ in Brexit talks
By Gabriela Baczynska and Marine Strauss
October 13, 2020, Reuters
The European Union demanded “substantive” movement on Tuesday from Britain on fisheries, dispute settlement and guarantees of fair competition in …
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UK and EU regulators diverging on double volume caps
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EU defers legal fix to Brexit swaps trading ban on branches
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Blast from the Past: Europe launches review of giant Mifid II trading rulebook
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Best execution U-Turn in Europe: What does the industry think?
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Research reveals £100k difference in platform Sipp costs
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UK and EU regulators diverging on double volume caps
-
EU defers legal fix to Brexit swaps trading ban on branches
-
Blast from the Past: Europe launches review of giant Mifid II trading rulebook
-
Best execution U-Turn in Europe: What does the industry think?
-
Research reveals £100k difference in platform Sipp costs