As we approach the four-year anniversary of the US Dodd-Frank Act, many new financial industry rules meant to reform Wall Street remain incomplete. Bloomberg Government, in partnership with CFA Institute, recently held a panel discussion, “Where Do Financial Institutions Go from Here?,” to examine the outlook for several important areas of reform:
Prudential standards and resolution planning
Securities regulations, including corporate governance issues
EU banks are engaged in the kind of risky lending last seen in the run-up to the financial crisis, says Korbinian Ibel, a director general at the European Central Bank. Banks have let underwriting standards slip as they conduct risky lending to increase profitability, Ibel says. Bloomberg (tiered subscription model) (19 Nov.)
Environmental, social and governance investment strategies are getting more acceptance from female advisers than from male colleagues, according to a study by InvestmentNews Research. Among respondents, 53% of female advisers take ESG factors into consideration when putting together client portfolios, compared with 44% of male advisers. InvestmentNews (tiered subscription model) (19 Nov.)
Ministers representing the 27 countries remaining in the EU back a draft agreement for the UK's withdrawal and subsequent relationship with the bloc, EU chief Brexit negotiator Michel Barnier says. The ministers say the EU will not reopen negotiations, regardless of any difficulties UK Prime Minister Theresa May encounters in getting parliamentary approval. Politico (19 Nov.)
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