Since the publication of the U.K.’s Wheatley Review in late September, which heralded the beginning of the reform process to fix the scandal-plagued LIBOR benchmark, a swath of regulatory initiatives has been launched. Read more
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Between British economist Sir John Vickers and former Federal Reserve Chair Paul Volcker, few people are more synonymous with the current debate over structural reforms of banks and reining in systemic risk. How do their approaches to reform differ? Read more
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The draft law recently backed by members of the European Parliament to cap bonuses for UCITS fund managers in Europe sets up another tussle between those who favour free markets and those who believe that greater regulation is required to protect investors. Read more
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Two articles on the US$6 billion London Whale trading loss saga show how the obfuscation of facts and alleged untruths played leading roles in the debacle. Read more
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There is no corporate governance issue that enflames opinion more than executive pay — and, more specifically, banker pay. Read more
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Following years of regulatory drives aimed at stemming the financial crisis and returning the European ecosystem to stability, the focus is now switching to long-term sustainable growth, with institutional investors expected to play a large part in this turnaround initiative. Read more
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Andrew Haldane at the Bank of England has recently become a prominent proponent of more simplicity, pointing as example to the possibly detrimental impact of the more complex Basel II rules for regulating banks when compared to Basel I. Many others have joined the bandwagon. Read more
Leave a Comment There are a number of regulatory proposals under discussion at the EU and national levels. Some proposals are specific to Europe, and some originated in the U.S. but were eagerly imported into Europe. Will they accomplish the goal of preventing another financial meltdown? Read more
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This week, Royal Bank of Scotland became the third bank to settle with authorities over its involvement in the rate-manipulation affair, paying a combined total of £390 million (approximately $610 million) to the U.S. Commodity Futures Trading Commission, U.S. Department of Justice, and U.K. Financial Services Authority. Read more
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