As the United Kingdom faces the March 29 deadline for Brexit, the CFTC and the Bank of England along with the Prudential Regulation Authority (BoE), and the Financial Conduct Authority (FCA) are providing clarification on the regulatory framework governing derivatives processing and clearing between the U.K. and U.S. if and when the UK completes its… Read More >>
Federal Reserve Wants New Framework for Big Banks
The Federal Reserve Board is proposing a new regulatory framework that it says will “more closely match the regulations for large banking organizations with their risk profiles.” The new proposed framework would “reduce compliance requirements for firms with less risk while maintaining more stringent requirements for firms with more risk,” according to a Fed statement…. Read More >>
