Basel III Implementation Monitoring
The Basel Committee on Banking Supervision is monitoring the impact of its two main framework documents on a sample of banks.
Originally Published:
Thursday, June 9, 2011
Market Conduct Regulation
Financial regulation can usefully be bifurcated into prudential and business conduct dimensions. The former concentrates on standards, guidelines and recommendations of best practice on capital adequacy, liquidity and solvency risk and procedures for the orderly winding down of regulated financial institutions. Market conduct regulation, on the other hand, refers to the operation of the market. Regulators are increasingly moving towards expansive definitions of what consitutes market integrity. This series explores the consequences of this move. It evaluates market conduct regulatory performance across three main areas - structure (or mandate), internal processes and managerial discretion - and five dimensions Compliance, Ethics, Deterrernce, Accountability and Risk (CEDAR).
European Commission Consultation Document on a New European Regime for Venture Capital
The European Commission Directorate General Internal Market and Services has published a consultation paper on a new European regime for venture capital which aims to address the two problems that venture capital funds that intend to raise funds and invest on a cross-border basis in the EU are confr
Originally Published:
Wednesday, June 15, 2011
UK Treasury Consults on a New Approach to Financial Regulation
The UK government has published its latest consultation document on regulatory reform, which includes a draft of the Financial Services Bill and explanatory notes and builds on the Government’s initial thinking set out last July and a further consultation document which followed in February 2011.
Originally Published:
Thursday, June 16, 2011
Speech by Chancellor of the Exchequer on Regulation of the UK Banking and Financial Services Industry
In his speech at the Lord Mayor’s dinner for bankers and merchants of the City of London, the Chancellor of the Exchequer, George Osborne MP, stated that the British economy is concerned with two key issues: (i) what the right culture of regulation is; and (ii) how international rules apply and wher
Originally Published:
Wednesday, June 15, 2011
Speech by Governor of the Bank of England on Regulation of the UK Banking and Financial Services Industry
The Bank of England has published Sir Mervyn King’s Mansion House speech.
Originally Published:
Wednesday, June 15, 2011
Financial Services Authority Annual Report 2010/11
The Financial Services Authority has published its Annual Report for the year 2010/11, in which it outlines its performance against the priorities set out in its 2010/11 Business Plan and its statutory objectives.
Originally Published:
Monday, June 13, 2011
SFC-HKMA Jointly Introduce Mystery Shopping Programme to Monitor Selling Practices
The Securities and Futures Commission and the Hong Kong Monetary Authority jointly engaged an external service provider, the Hong Kong Productivity Council, to carry out mystery shopping exercises between July and November 2010 to look into the selling practices of intermediaries involving unlisted
Originally Published:
Monday, May 2, 2011
European Parliament Committee Draft Report on European Markets Infrastructure Regulation
The European Parliament Committee on Economic and Monetary Affairs has published a draft report on the proposal for a Regulation of the European Parliament and of the Council on over-the-counter derivatives, central counterparties and trade repositories.
Originally Published:
Thursday, March 1, 2012
FSA Solvency II: Internal Model Approval Process Thematic Review Findings
The Solvency II Directive allows firms to elect to calculate their Solvency Capital Requirement by using the standard formula, an internal model or a combination of the two.
Originally Published:
Monday, February 21, 2011
FSA Speech on Creating the Financial Conduct Authority
The chief executive of the Financial Services Authority ("FSA"), Hector Sants has given a speech in which he discusses the FSA’s current thinking with regard to the regulatory philosophy in which the Financial Conduct Authority ("FCA") will be created, including: the consumer pro
Originally Published:
Wednesday, March 2, 2011