Latest regulation news

• EU escapes US MMF reform fate

  

  The European Union’s rules to improve the resilience of money market funds came into force on Thursday. Investors expecting similar consequences to those which followed the US reform can breathe a sigh of relief.

  • 20 Jul 2017

• Late EU rule on MBS threatens NPL solution and legacy market

  

  European authorities' last minute change to regulatory proposals for European securitizations has the potential to cripple the supply of MBS backed by legacy mortgages by banning any European transaction that contains what regulators classify as self-certified loans. Sam Kerr reports.

  • 20 Jul 2017

• Germany wants to ease regs for small banks

  

  Germany is headed for a clash with other EU member states, as it pushes to ease banking regulations for small institutions – a move obviously intended to favour its co-operative and savings banks.

  • 20 Jul 2017

• Lawsuit threat looms for US ABS

  

  The Consumer Financial Protection Bureau (CFPB) has passed a rule on Monday to eliminate arbitration clauses, which stop consumers bringing class action lawsuits, in a move which could hurt the US securitization market and cause more legal trouble for the big banks. But Republicans have dug in and vowed to fight the rule.

  • 13 Jul 2017

• European Parliament moves forward on non-preferred senior debt

  

  Members of the European Parliament decided last week to accelerate their work on the creation of a new pan-European loss-absorbing debt class for banks, as proposed by the European Commission in November 2016.

  • 13 Jul 2017

• Giancarlo appoints new CFTC innovation head

  

  Acting chairman of the Commodity Futures Trading Commission (CFTC) Christopher Giancarlo on Monday appointed Daniel Gorfine to serve as director of LabCFTC and as chief innovation officer of the regulatory authority.

  • 11 Jul 2017

• European Commission seeks NPL fix

  

  The European Commission on Monday announced that will consult with industry participants for a solution to the eurozone's non-performing loan issue, with an eye to developing a more efficient secondary market to move the paper off bank balance sheets.

  • 10 Jul 2017

• ESMA welcomes EC proposal on euro clearing

  

  The European Securities and Markets Authority (ESMA) on Monday reacted positively to last month’s European Commission proposal on third country central counterparties (CCPs), which offered the regulatory body more powers to supervise foreign clearing houses.

  • 10 Jul 2017

• Midclear builds up CCP plumbing with GMEX platform

  

  Midclear, the custodian and clearing centre of financial instruments for Lebanon and the Middle East, has selected GMEX Technologies to provide the core system for Lebanon's first derivatives central counterparty (CCP).

  • 06 Jul 2017

• Droit signs up five for MiFID II platform

  

  Droit Financial Technologies has signed up five banks to Adept — its Market in Financial Instruments Directive II (MiFID II) trade compliance platform.

  • 05 Jul 2017

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