Basel III Rules Slated for March Deadline, EU Says
Posted byFelix Shipkevich on Feb 26, 2013 in Basel Committee, CFTC, EC, Featured, Social Media | 0 comments
The European Union (EU) is pushing ahead with Basel III capital standards to avoid delays. Bloomberg reports that the EU’s financial services chief, Michel Barnier, stated in an interview that, “We need agreed rules as soon as possible so that banks know which way they are going.” March 22...The Basel Debate: Regulators Allow Increased Risk to Maintain Growth
Posted byFelix Shipkevich on Jan 7, 2013 in Basel Committee, Dodd-Frank, Featured, Regulators, Restricted, Social Media | 0 comments
The Basel Committee announced on Sunday that it plans to defang a rule that requires banks to maintain easy-to-sell assets. They committee also extended the compliance date to 2015, at which time banks will only be required to meet 60% of the required liquidity. The liquidity coverage ratio (LCR) has been...New Margin Rules for Swaps in 2013
Posted byFelix Shipkevich on Oct 2, 2012 in Basel Committee, CFTC, Dodd-Frank, Featured, IOSCO, New Rules, Regulators, Restricted, Social Media | 0 comments
CFTC Chairman Gary Gensler said on Monday that new rules mandating the margin needed to back uncleared swap trades will be announced early next year. The announcement comes only a day after a U.S. District Court struck down the CFTC’s rule on position limits. “I would anticipate that the CFTC, in...Move Away from LIBOR Would Hurt Banks
Posted byFelix Shipkevich on Aug 3, 2012 in Basel Committee, Featured, Regulators, Restricted, Social Media | 0 comments
Despite industry groups’ efforts to prevent a move away from LIBOR as a benchmark rate for derivatives transactions, global regulators appear increasingly likely to do just that, people with knowledge of the matter say. With many banks already having switched to overnight-indexed-swap rates for valuing...