A new capital charge on bank exposures to CCP default funds could be introduced in December, says Osfi's White.
Commissioners stress they have an open mind as to which structure will best suit British banking industry
Bank of China and Bank of Communications are set to make history by becoming the first mainland Chinese banks to have representative offices in Taiwan, since the island broke away from the mainland in the 1950s. To-date, seven Taiwanese banks have established...
Financial Services Authority identifies valuation, capital framework coherence and risk management as key problem areas; issues 15 recommendations to revitalise standards
MUMBAI - Credit Suisse has received a licence from the Reserve Bank of India (RBI) to establish a bank branch in Mumbai, it said last week.
WASHINGTON, DC – Senior bankers and academics have questioned the feasibility of new rules to prohibit US bank holding companies from engaging in proprietary trading, pointing to the difficulty of defining the activity and the limited impact such a...
Financial institutions that own a deposit-taking bank could be forbidden from conducting proprietary trading for their own profit and prohibited from owning, sponsoring or even investing in hedge funds and private equity funds, under new reforms announced...
WASHINGTON, DC – The US House of Representatives voted last Thursday (December 10) on amendments detailing significant changes to proposed over-the-counter derivatives legislation, which could favour corporate end users of derivatives.
At the time of going to press, decisions on the future of the foreign exchange markets was still hanging in the balance, as regulators in the US debated the inclusion of forex swaps and forwards into the over-the-counter derivatives reforms.
Reform proposal due this month
Greater role for Financial Stability Forum to help combat international systemic risk and prevent another banking crisis
SHANGHAI - China continues to be an area of growth for global banks, despite widespread cuts elsewhere, with Goldman Sachs, Deutsche Bank and Standard Chartered all making key hires in that market.
WASHINGTON, DC – The launch of a retail foreign exchange fraud prevention taskforce by the US futures regulators has sparked concern among brokers that it could be a veiled move to lure retail FX traders towards exchanges.
This Wednesday FX Week is hosting its second annual FX Invest USA congress at the Mid-America Club in Chicago. The event follows the successful launch last year of this series of conferences, which act as a forum to discuss issues facing the industry...
CHICAGO & LONDON - The US National Futures Association (NFA) has permanently barred Florida-based retail foreign exchange broker World Trade Financial (WTF) from NFA membership for a failed cover-up.
Last week in New York, we hosted the annual FX Week USA congress. One of the recurring themes during the day was aggregation and its implications for the industry.