Tag: ring-fence
EU Banks- Too Big to fails, Too Big to Save- now Too Big To Separate
The European Commission has quietly buried its TBTF ringfence proposal. At least to the financial community, the contents of Tuesday’s publication of the Commission Work Programme for 2018 were more notable for what they omitted. Under the aspirational subtitle “A Deeper and Fairer Economic and Monetary Union”, Annex III of the Programme contains nine financial […]
The Volcker-Wagen rolls on
Dodd-Frank Section 619 “Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds”, more snappily known as the “Volcker Rule”, has recently undergone some incremental developments. The FRB, OCC, FDIC, SEC and CFTC jointly issued a FAQs document addressing the following matters: The reporting dates and date rules for trading metrics. […]
Electrify the Vickers Ringfence Says Commission
On 21 December 2012, the Parliamentary Commission on Banking Standards published its first report, in which it gives consideration to the draft Financial Services (Banking Reform) Bill and associated proposals which give effect to the conclusions detailed in the Vickers’ report. Whilst the Commission supports the introduction of ring-fencing, its Chairman Andrew Tyrie MP, stated […]