We’ve all heard the saying, “Work smarter, not harder.” Nearly a decade since the financial crisis, we are finally getting a chance to put this adage into practice.
Two influential regulatory officials have indicated that they share the widespread concerns within the derivatives industry regarding the impact of Basel III capital requirements on clearing firms. Although they expressed these views as individuals, their comments suggest that banking regulators are recognizing that the treatment of cleared derivatives under Basel III should be reviewed.
We’ve all heard the saying, “Work smarter, not harder.” Nearly a decade since the financial crisis, we are finally getting a chance to put this adage into practice. In May, FIA published our response to President Trump’s call to review U.S. financial reform rules in the form of a whitepaper outlining specific policy recommendations for improving the U.S. regulatory framework.
On 17 May 2017, FIA responded to the Hong Kong Monetary Authority (HKMA) consultation paper on the implementation of the Basel III Leverage Ratio Framework in Hong Kong.
FIA President and CEO Walt Lukken sent an open letter to President Trump and key congressional and regulatory leaders calling for a comprehensive review of all U.S. financial reform regulation.
Today the Group of Central Bank Governors and Heads of Supervision (GHOS) of the Basel Committee on Banking Supervision announced a delay in their planned January meeting to review the latest package of proposals on capital requirements.
FIA welcomes today’s publication of the European Commission’s (EC) proposals to amend the Capital Requirements Directive 2013/36/EU (CRD IV) and the Capital Requirements Regulation EU No 575/2013(CRR).
