Financial Regulation >>>

    JPMorgan’s Guilty Admission Marks SEC Victory

    The U.S. Securities and Exchange Commission, in settling claims with JPMorgan Chase & Co. over its handling of a $6.2 billion trading loss, landed its biggest victory yet in fulfilling a pledge to force wrongdoers to admit guilt. To read more, click here.

    Derivatives Would Face Transaction Fees in Plan

    Derivatives would face new transaction fees to pay for the U.S. Commodity Futures Trading Commission budget under a proposal President Barack Obama’s administration submitted to Congress. To read more, click here.

    Carney Calls for Bank Risk-Model Clampdown

    Regulators must restrict lenders’ ability to escape tougher capital rules by changing how they measure risk, Financial Stability Board Chairman Mark Carney said, as he urged nations to finish an overhaul of bank rules. To read more, click here.

    MiFID Trialogue May Push Final Rules to 2016

    The European Parliament will next month reconvene and resume its “trialogue” on the EU Markets in Financial Instruments Directive (MiFID) with the European Council and the European Commission. Significant differences between the versions agreed by the bodies must be reconciled before the new regime is implemented. Uniform rules may not go into effect until 2015 or 2016. To read [...]

    Banks Feel Pressure to Cut Ties to Online Lenders

    The U.S. Department of Justice and the Federal Deposit Insurance Corp. are pressuring banks to cut ties to online lenders whom regulators suspect of shady business practices, as part of a broad crackdown on frauds in the payment system, according to five people briefed on their work. To read more, click here.

    Financial Regulators Have Finished 60 Percent of the Major Actions in Dodd-Frank

    Last week’s Dodd-Frank three-year outlook webinar, featuring Bloomberg Government’s Cady North, reviewed the status of the rulemakings so far and found that financial regulators are about 60 percent of the way through the major actions, according to North. Click here to continue reading.

    Swaps Probe Finds Banks Manipulated Rate

    U.S. investigators have uncovered evidence that banks reaped millions of dollars in trading profits at the expense of companies and pension funds by manipulating a benchmark for interest-rate derivatives. Click here to continue reading.

    Allianz Joins AIG on FSB’s List of TBTF Insurers

    American International Group Inc. and Allianz SE are among insurers deemed systemically important by global financial rule makers, meaning they may face tougher capital standards and tighter regulation. To read more, click here.

    Basel Examines Banks’ Diverging View of RWAs

    Global regulators said they are weighing steps to ensure that banks take a realistic view of the possible losses on their investments, after uncovering variations in how lenders assess risk. To read more, click here.

    U.S. Said to Consider Doubling Leverage Standard

    U.S. regulators are considering doubling a minimum capital requirement for the largest banks, which could force some of them to halt dividend payments. Click here to continue reading.

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