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Concerns are raised over the cost of the Basel reforms
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18 Aug
2016

Concerns are raised over the cost of the Basel reforms

  • 18th August 2016
  • Darshna Pindoriya

The Global Financial Markets Association (GFMA), a banking lobby, has warned regulators that new rules must be closely examined to assess their impact on the global financial markets. This comes as a result of the proposed changes to capital requirements that the Basel Committee is currently implementing. These changes to capital requirements could have a Read More

15 Aug
2016

ESMA’s advice on AIFMD passport in 12 non-EU countries

  • 15th August 2016
  • Letitia Bolton

On 18 July 2016, ESMA, the European Securities and Markets Authority, published its advice to the European Parliament, the Council and the Commission on extending the Alternative Investment Fund Managers Directive (AIFMD) passport to 12 non-EU countries: Australia, Bermuda, Canada, the Cayman Islands, Guernsey, Hong Kong, the Isle of Man, Japan, Singapore, Switzerland and the Read More

04 Apr
2016
financial services regulation, fs regulation summary

RegRoundup 4 April: the pursuit of clarity

In the post-Easter week, regulators were busy shining a spotlight on remuneration practices in the industry.  We saw the EBA releasing a report looking at the high earners in EU banks and ESMA focusing on sound remuneration policies under the UCITS Directive and AIFMD. The FSB also met in Tokyo to discuss their priorities for Read More

30 Jul
2015

A new era of corporate governance in Japan

JWG analysis. Japan is planting new seeds to grow and allow for corporate profitability to flourish.  Its past has not been untarnished when it comes to corporate governance, and it would give the US’ Enron era a run for its money.  To many, Japan has been a global pariah when it comes to corporate governance Read More

29 Jul
2015

China and peer-to-peer lending

JWG analysis. Peer-to–peer lending has grown at a rapid rate in China over the last two years, with more than 2000 peer-to-peer platforms in operation.  But the sector has been plagued by questionable sales techniques and rogue operators taking a fly-by-night approach and disappearing with customers’ funds.  In addition, regulators are worried that an industry Read More

29 May
2015

Policing digital highways: smiling at the local algo camera?

JWG analysis. Given the 5 year latency between flash crash and recent arrest, John Bates wondered whether the regulators were riding bicycles to try and catch up with the sporty cars driven by the Flash Boys, the high-frequency traders. Although HFT represents a large percentage of trading volume, what ‘it’ is and how it can Read More

08 Jul
2014

RegDelta alert no 6: HKMA issuance of recovery planning guidelines

JWG analysis. Last month (20 June), the Hong Kong Monetary Authority issued a new Supervisory Policy Manual (SPM) on the topic of recovery planning (Module RE-1: Recovery Planning) following a consultation with Hong Kong’s two industry associations. This follows the Financial Stability Board’s push to implement standards in the area of recovery and resolutions plans Read More