Things we're reading today include ...
Time for the Bank of England impose sanity across the financial system - The Telegraph
Stability priority in finance rules shake-up - Financial Times
Regulatory rejig will cost Britain £50m - The Telegraph
OFT loses powers on bank regulation - The Telegraph
Basel committee agrees new bank capital rules - The Telegraph
Plan for Bank to supervise clearing houses - Financial Times
Apollo exploits loophole to create new bank - Financial Times
Vince Cable threatens tax on profits if banks pay staff rather than lend - The Telegraph
Markets
Bank shares up after stress tests - BBC
Madoff net winners 'face legal claw-backs' , says trustee Irving Picard - The Telegraph
Forex turnover hits $1.7trn a day in London - The Independent
Technology
Can you crack the cyber-crime code? - BBC
IBM faces two competition probes - BBC
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...