Financial Regulation

Banks Face Accounting-Rule Change to Stop Fire Sales

July 25, 2014

Banks face an overhaul of international rules for measuring losses on loans, derivatives and other assets as regulators seek to prevent a recurrence of the fire sales seen in the last financial crisis. The International Accounting Standards Board published revised standards for lenders and other companies July 24 with a January 2018 deadline for

AIFMD Special Report 2014

July 21, 2014

Welcome to Bloomberg Brief’s special edition on the Alternative Investment Fund Managers Directive, or AIFMD, which takes effect on July 22. In the aftermath of the 2008 crisis, alternative investment products were singled out for their lack of transparency and liquidity as well as for the fact that they were registered in offshore markets with little or no

SEC Says 44 Funds Involved in House Probe

July 21, 2014

An insider-trading probe involving the U.S. House Ways and Means Committee and a top staff member also includes dozens of hedge funds, investment advisers and other firms, the U.S. Securities and Exchange Commission said in a court filing. In arguing against the House’s motion to dismiss the case or send it to

ECB to Limit Stress-Test Inputs as Review Deadline Nears

July 11, 2014

The European Central Bank plans to limit the amount of data it carries over from its asset review into a subsequent stress test as it tries to manage the burden from an unprecedented health check of euro-area lenders. Instead of entering all loan values obtained in the Asset Quality Review that ends

Europe Banks Under U.S. Scrutiny as BNP Pays Fine

July 3, 2014

A U.S. crackdown on financial institutions for alleged sanctions-busting threatens to penalize more European banks after France’s BNP Paribas was fined a record $8.97 billion for dealing with blacklisted countries. French banks Credit Agricole and Societe Generale, Commerzbank of Germany, and UniCredit, Italy’s largest lender, are among other financial institutions being investigated by U.S.

Community Banking & Credit Unions Special

June 13, 2014

Welcome to Bloomberg Brief: Financial Regulation’s special edition on the impact of post-crisis reforms on credit unions and community banks — defined in this issue as those with less than $10 billion in assets — in the U.S. Download the full report here.

SEC Gets High-Frequency Hug From Industry

June 9, 2014

Given the choice between battling criminal investigators or answering to an experienced regulator who disputes claims the stock market is broken, it’s no surprise who traders are cozying up to. U.S. Securities and Exchange Commission Chairman Mary Jo White yesterday disclosed plans to bolster oversight of high-frequency traders and examine secretive private platforms known

Number of FDIC-Insured Problem, Failed Banks Drop in March 2014

June 2, 2014

The number of problem institutions — those viewed by regulators as being at heightened risk of failure — continued to drop to 411 in the quarter ended March 31 from 467 in the quarter ended Dec. 31, 2013, the Federal Deposit Insurance Corp. said in its quarterly banking report. Five banks failed in

EU Weighs Proprietary Trading Ban From 2018

January 17, 2014

The largest banks in the European Union would face a “narrowly” defined ban on proprietary trading from 2018 under draft plans by Michel Barnier, the EU’s financial services chief. Read More