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Basel risk weighting move creates waves  

December 30, 2014

Momentum is building for a major overhaul of the “risk weighting” rules governing the nation’s $1.3 trillion mortgage market, with the powerful Basel Committee proposing a raft of changes that could dent Australia’s big four banks’ competitive advantages.

 

The real reason for Washington's derivatives gift to banks  

December 30, 2014

As we embark on the seventh year since the historic collapse of the Lehman Bros. investment bank, it's clear we haven't fixed what broke the economy in 2008. Big banks still control Congress. Workers remain acutely vulnerable to another financial crisis.

 

Derivatives exchanges prove resistant to regulatory change  

December 23, 2014

In December 2013, Hanmag Securities Corp, a small South Korean brokerage firm, lost 46 billion won ($42 million) in a day after a stock option trading algorithm went bad. It was a fatal blow for a company that had just 15 billion won of capital — Hanmag went bust.

 

Banks Face Basel Limits on Risk Models for Capital Rules  

December 22, 2014

Global banks face limits on how far they can reduce their capital requirements using internal models as regulators assert control over how lenders measure risk.

 

EC postpones swaps frontloading  

December 22, 2014

The swaps market received an early Christmas present this week as the European Commission lightened the burden for loading existing derivatives trades into central clearing by postponing the start-date for the controversial frontloading requirement.

 

Reversal of Dodd-Frank swaps rule ignores lessons from financial crisis, ‘London whale’  

December 19, 2014

The decision by U.S. Congress last week reverse the so-called swaps ”pushout” rule for certain derivatives contacts will put a greater responsibility on regulators to demonstrate they have effective oversight over bank activities of the sort that played a role in the 2008 financial crisis and ‘London whale’ trading debacle.

 

Clearinghouses Face EU Push on Too-Big-to-Fail Risks  

December 17, 2014

The European Commission will propose legislation next year to toughen regulation of clearinghouses in a bid to prevent financial turmoil should one of them fail. Jonathan Hill, the European Union’s financial-services chief, said in a Dec. 15 interview in Brussels that the bill will be a priority.

 

Banks’ technology adoption not fast enough for some regulators  

December 16, 2014

While technology is changing every aspect of banking operations, 77 percent of participants in a recent survey say the greatest impact will be on customer satisfaction and regulatory compliance. Some regulators, however, believe banks are moving too slowly.

 

A Xmas Present for the Banks From the Omnibus Bill  

December 15, 2014

Wall Street banks like Citigroup and JP Morgan Chase have flexed the power of their influence to pressure Congress and the White House into a key change in the law that will allow the trading of risky financial derivatives in bank operations that are insured by the Federal Deposit Insurance Corp. 

 

Let’s Pretend Dodd-Frank Works  

December 15, 2014

The political left is outraged over a corner of Congress’s omnibus spending bill that rolls back a corner of the 2010 Dodd-Frank law. The premise of this made-for-media furor is that Dodd-Frank must never be altered because it ended taxpayer bailouts of giant banks. If only.

 
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