The Bank of England has issued a report citing bank stress and the euro sovereign debt crisis as the biggest short-term threats to global financial stability.
As the conversation about the long-term risks posed by fragmentation of data and CCP allocation in the U.S. market heats up, the Bank of England’s...
Posted by Jonathon Sturgeon
on Nov 7, 2012 in Bank
, Bank of England
, European Commission
, Social Media
, Swap Data Repository
, Swap Dealer
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Clearing regulations for OTC derivatives will not be in place for another ten months, according to the head of payments for the Bank of England. Speaking an OTC derivatives summit yesterday, Edwin Schooling Latter stated that a recent European Securities and Markets Authority (ESMA) publication has clarified...
Saying that the Basel III accord is too complex to effectively fulfill its purpose, the Bank of England’s executive director for financial stability has called for the regulatory framework to be simplified.
“The Tower of Basel is at risk of over-fitting – and over-balancing. It may be time to rethink...