BoJ and JFSA Officials Seek Bank Capital Clarity – Risk Magazine (subscription)
BoJ’s Nakaso suggests moratorium after current rule-book changes are complete Officials at the Bank of Japan and the country’s Financial Services Agency (FSA) have called for outstanding elements of the bank capital framework to be finalised as soon as possible, so the industry can plan for the future.
Kay is Right to Argue that Regulation will not Save us – Financial News (subscription)
Is what investment banks do largely useless? Six years ago, Adair Turner, then chairman of the Financial Services Authority, provoked uproar in the City by suggesting that some of what went on in trading rooms in the run-up to the financial crisis was “socially useless”.
Regulators Urged to Change Leverage Ratios – Markets Media
The Basel bank leverage ratio should be reconsidered to encourage more competition in clearing according to consultancy Tabb Group.
Esma Consults on Remaining-Mifid-II-Standards – FOW (subscription)
The European Securities and Markets Authority (Esma) on Monday launched a public consultation on the remaining draft implementing technical standards not yet implemented.
Germany, France, Britain call for rethink of new EU securities rules – Reuters
Germany, France and Britain are seeking amendments to new EU rules that aim to increase transparency in bond trading, arguing that the current proposals could have negative unintended consequences for investors and markets.