(Thomson Reuters Regulatory Intelligence) – The U.S. Financial Stability Oversight Council’s recent review of the asset management industry seemed a rather routine piece of regulatory work. But the review released last week comes in a charged atmosphere for the council because of a court decision that rescinded its designation of insurer MetLife as a systemically important financial institution, or SIFI. (more…)
Financial Regulatory Forum
Banks need to improve data management and reporting practices in their U.S. mandated resolution plans, but they have nonetheless made progress in meeting regulators’ expectations with the help of customized playbooks on issues such as governance, reporting, and management information systems, participants learned in a webinar by consultancy Deloitte. (more…)
By Richard Satran, Regulatory Intelligence
NEW YORK, Sept. 30, 2015 (Thomson Reuters Regulatory Intelligence) – Broker-dealers who have been largely spared the burden of the painful stress testing that major bank faced after the financial crisis of 2008 will finally taste some of the medicine given to the financial giants.
By Jane Merriman
LONDON, Aug 6 (Reuters) – Contingent capital, a breed of hybrid bond that could help capitalise banks in crisis, will struggle to grow into a mainstream asset class if rating agencies persist in refusing to rate it.
(James Saft is a Reuters columnist. The opinions expressed are his own)
By Jim Saft
HUNTSVILLE, Ala., July 8 (Reuters) – How are European officials orchestrating the bank stress tests like Pacific islanders speaking into coconuts and waiting for cargo to drop from the skies?
BRUSSELS, Jan 26 (Reuters) – European Union banking supervisors will again test of the banking system’s ability to withstand shocks, a top regulatory official said on Tuesday.