Regulation

I had a couple of really interesting dialogues with bankers yesterday. The first was with a career banker who is now working with one of the New Banks on its launch. The second was with an Asian bank manager running his bank's UK operations. As I talked with both, they expressed their frustrations with the…

Gawd, I hate acronymns and look at that!  Three in one blog entry title!!! Anyways, for the nerdy-nerd equities guys, this will grab their attention. It's all to do with trading in European and American stocks and shares using High Frequency Trading (HFT) systems, and the regulations therein with EU MiFID rules applying over here…

It turns out that 91 European banks are to be put through a ‘stress test’ to see how well or badly they will cope with a shock to the system. The stress test itself was a little unclear until late last week, when the Committee of European Banking Supervisors (CEBS) detailed what would happen. As…

There were two interesting documents released yesterday, and worthy of mention here. The first is an official House of Commons Library publication: Download Key Issues for the New Parliament 2010 (8 Mb pdf).  Two pages of the 72 page document are dedicated to the future of financial services.  What does it say?  Here's the text:…

The City of London released an interesting document yesterday on the future of regulation of banking. They talk about liquidity, leverage, capital and risk liberally, and state that the future regulatory regime must not clamp down on capital reserves in banking so hard that the banks are unable to lubricate the global economy. What I…

We had a fun meeting of the financial services club this week, looking at the implications of MiFID, the Markets in Financial Instruments Directive, and the outlook for MiFID II, or MiFID2 if you prefer. I’ve referenced the revision of MiFID before and included a great white paper by Philippe Guillot of CA Cheuvreux for…