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Banks spared prop trading ‘apocalypse’ … for now
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11 Dec
2013

Banks spared prop trading ‘apocalypse’ … for now

  • 11th December 2013
  • RegTechFS

Today, a final version of the long-awaited Volcker Rule has been published by the five US agencies involved in its drafting.  The rule as finalised is something of a victory for banks owing to multiple broad exemptions and an extension of the timeline.  However, there are many questions still outstanding, and implementation will be a Read More

30 Aug
2013

£4.4 billion to get divorced? UK treasury estimates cost of ring-fencing to the industry

As part of its on-going drafting of the Banking Reform Bill (BRB) which will implement the Vickers plans for ring-fencing retail banking in the UK, the Treasury recently released an impact assessment of the draft secondary legislation.  It makes for interesting reading as it gives an initial indication of the costs the government thinks will Read More

12 Oct
2012

A long road from theory to policy

  • 12th October 2012
  • RegTechFS

The industry has been waiting for the “high-level” opinions of the Liikanen Report, and its prescriptions for reform of the turbulent European banking sector.  The reforms, while suggestions rather than binding Policy (as Barnier continues to remind everyone) call for huge changes to how European banks operate. The biggest development of these is a Volcker-style Read More