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Sunday, 26 June 2016

Regulation

Bank Street sign

Banks braced for pain after Brexit bombshell

IFR 2139 25 June to 1 July 2016

Thousands of bankers in Britain are fretting about their job security as the industry faces upheaval in trading operations and regulations in the wake of Britain’s decision to quit the European Union.

A Union flag flies next to the flag of the European Union

Equivalence is key for post-exit UK banks

IFR 2139 25 June to 1 July 2016

The UK’s vote to leave the European Union is unlikely to give banks the bonfire of red tape long promised by many campaigners against EU rules and regulations.

Europe tackles splintered bank insolvency regimes

IFR 2139 25 June to 1 July 2016

Policymakers last week met in Brussels to explore an EU-wide approach to the insolvency rankings of bank creditors that could harmonise the divergence in local regimes that has emerged since last year.

EU to soften roll out of bond trading rules

IFR 2139 25 June to 1 July 2016

Stricter European Union rules for corporate bond markets will be phased in gradually to ensure they don’t threaten funding for the economy, a senior EU official said last week.

Ex-BNP Paribas FX trading chief sues bank

IFR 2139 25 June to 1 July 2016

A former head of spot currency trading at BNP Paribas is suing the French bank in a London court and claims it dismissed him for whistle-blowing, according to a court filing.