Financial Regulation >>>

    FX Rates Said to Face Global Regulation

    Global regulators may start overseeing currency rates in a widening response to benchmark-rate setting scandals that began with revelations on the manipulation of Libor, according to two people familiar with the matter. Click here to continue reading.

    HSBC Adjusts Strategy to Cut Chance of Compliance Failure

    HSBC Holdings Plc is adjusting its strategy to reduce the chance of future compliance failures following major U.S. regulatory and law enforcement investigations of the London-based bank, according to Chairman Douglas Flint. Click here to continue reading.

    Swedish Regulator Rejects Tougher Risk Weights

    Sweden’s financial regulator rejected government and central bank calls to raise risk weights on mortgage assets above the 15 percent already agreed on in the latest clash between policy makers and the watchdog. Click here to continue reading.

    Credit Ratings Roundtable Participants Discuss Alternative Plans to the SEC’s Current System

    The expansion of the number of ratings companies sanctioned to assess securities faced scrutiny May 14 as the U.S. Securities and Exchange Commission met in Washington to discuss Senators Al Franken and Roger Wicker’s plan to create a board to select which firms grade asset-backed bonds, rather than leaving it to the banks that pay [...]

    CFTC Rolls Back Dodd-Frank Swap-Trade Rules

    JPMorgan Chase & Co., Goldman Sachs Group Inc. and the world’s largest banks won rollbacks in final Dodd-Frank Act rules that promise to transform the private swaps market by increasing competition. Click here to continue reading.

    SEC Money-Fund Rule Target Said to Be Narrowed

    U.S. securities regulators have narrowed the target of new rules for money-market funds, according to a person familiar with the matter, limiting changes to a smaller set of funds than many executives anticipated. Click here to continue reading.

    FSB Members Late on Swaps Rule Implementation

    Of the 19 Financial Stability Board member jurisdictions, none were able to meet the Group of 20’s end of 2012 deadline to fully implement over-the-counter derivatives market reforms, according to a report from the FSB’s OTC derivatives working group (ODWG). Click here to continue reading.  

    Basel Capital Rules May Hinder U.S. Insurers

    A systemically important financial institution designation for the three largest U.S. insurers — MetLife Inc., Prudential Financial Inc., and American International Group Inc. — may put them at a disadvantage to their competitors. Click here to continue reading.

    U.S. Banks Make Further Progress on Basel III

    While the U.S. has delayed final Basel III implementation, most of the largest publicly traded banks are in early compliance based on their pro-forma estimates. Click here to continue reading.

    Banks Risk Models to Face Further Basel Probe

    Banks face further scrutiny from global regulators into their risk models amid concerns lenders are underestimating the amount of capital they need to cope with losses. Click here to continue reading.

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