Spencer Anderson is a reporter at IFR covering people and markets. He was previously at the financial times and covered institutional and foreign direct investment.
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The International Monetary Fund has warned that the problem of too big to fail banks has intensified since the crisis, despite dozens of new regulations designed to tackle the issue, with the world’s biggest firms still enjoying an implicit subsidy of US$590bn.
The UK’s Financial Conduct Authority is to blame for the lack of adherence to mobile phone recording regulations by financial institutions, according to voice recording firms.
The Basel Committee on Banking Supervision is pushing national regulators to clamp down on what it sees as abuse of risk-weighted asset optimisation programmes as a backdoor way for banks to reduce the amount of capital they are required to hold, amid concerns that some have become too lenient over the practice.
- Big banks lose ground during bumper March
- Intesa Sanpaolo posts €5.19bn loss
- IT spending to rise to US$100bn by 2018
- Bank resolution deal criticised as insufficient
- UniCredit bites the bullet on bad loans
- Banks ignore UK's mobile phone regs
- Risk-weighting calculations in Basel sights