Financial Regulatory Forum

U.S. regulators’ Basel III rules package signals intent to maintain momentum in big-bank reforms

By Guest Contributor
July 17, 2013

By Bora Yagiz

NEW YORK, July 17 (Thomson Reuters Accelus) - In a move considered to be the most complete overhaul of U.S. bank capital standards since Basel I in 1988, three U.S. banking regulators (the Federal Reserve Board, Office of Comptroller of the Currency, and Federal Deposit Insurance Corporation) have finalized the three Basel III-related notices of proposed rulemaking (NPRs) from 2012 on capital rules.

CORRECTED: Bank regulators globally add AML to safety and soundness issues

By Guest Contributor
July 8, 2013

By Nick Paraskeva, for Compliance Complete

NEW YORK, July 8 (Thomson Reuters Accelus) - Bank regulators around the globe are increasingly focusing on anti-money laundering (AML) and operational risks as part of their role in overseeing institutional safety and soundness. This follows huge enforcement fines imposed on systemically important banks by regulators and justice ministries. It also reflects a concern that any attendant hit on a bank’s reputation could affect its ability to obtain short-term funding or trade other than on a fully-secured basis.

Basel paper offers new look at bail-in models for ailing institutions

By Guest Contributor
June 12, 2013

By Bora Yagiz, Compliance Complete

NEW YORK, June 12 (Thomson Reuters Accelus) - A recent Bank for International Settlements (BIS) quarterly review article attempts to solve the too-big-to-fail (TBTF) problem without causing systemic disruption to financial markets, by offering a new resolution template to recapitalize banks on the verge of bankruptcy. It may, however, inadvertently legitimize a de facto bail-in model against the consent of depositors, and put their money at risk.

No bank is ‘too big to jail,’ U.S. Attorney General Holder warns

By Guest Contributor
May 20, 2013

By Stuart Gittleman, Compliance Complete

NEW YORK, May 20 (Thomson Reuters Accelus) - Corruption, cyber threats and transnational organized crime – and the money laundering that greases the wheels of illicit commerce – are high on the list of law enforcement priorities, U.S. Attorney General Eric Holder told the House Judiciary Committee on Wednesday. (more…)

First wave of U.S. living wills has limitations, but offers useful start

By Guest Contributor
July 9, 2012

By Bora Yagiz

NEW YORK, July 9 (Thomson Reuters Accelus) - The “living will” resolution plans submitted to U.S. regulators by nine big banks last week suffer from a number of limitations, including narrow scenarios of financial distress and an assumption that regulators will be coordinated in their approach. But there will be plenty of opportunity to perfect the blueprints.

Fed’s capital proposal not as tough as feared, may give U.S. banks advantage

By Guest Contributor
December 22, 2011

By Rachel Wolcott

NEW YORK/LONDON, Dec. 22 (Thomson Reuters Accelus) - Considering the cost of the financial crisis to the American taxpayer — anywhere between $700 billion and $12.8 trillion depending on who you talk to — the proposed capital rules the Federal Reserve published yesterday seem pretty lenient, compare to those mooted by some European countries.

ANALYSIS-Europe’s banks face harsh reality of Basel III jolt

By Reuters Staff
February 2, 2010

By Steve Slater, European Banking Correspondent

LONDON, Feb 2 (Reuters) – New rules on bank capital will jolt the industry and could force European lenders to raise more cash and restrain returns, dividends and pay for at least the next two years, analysts and industry sources say.

ANALYSIS – Shadow banks hold key to post-Basel bank profits

By Reuters Staff
January 26, 2010

By Kevin Drawbaugh

WASHINGTON, Jan 26 (Reuters) – Bank profits are set to come under serious pressure at the end of 2012 from higher global capital and liquidity standards, but just how bad it gets depends greatly on the future of the “shadow banking system”.

BoE’s King calls for radical reform of banks

By Reuters Staff
January 26, 2010

By Tim Castle

LONDON, Jan 26 (Reuters) – Radical reform is needed to make the banking system safer, Britain’s top central banker said on Tuesday, adding U.S. President Barack Obama’s plan to curb some activities would not fully solve the “too big to fail” problem.

Basel group wants stricter bank standards by 2012

December 17, 2009

The Bank for International Settlements (BIS), central bank to the world's central banks, and parent organisation of the Basel Committee on banking supervision. By Sven Egenter and John O’Donnell

ZURICH/BRUSSELS, Dec 17 (Reuters) – Banks face having to hoard more funds or turn to investors for fresh capital within as little as three years under proposals by a body which guides global financial regulation.