Polish CBank Head: Bank Tax and FX Conversion Threaten Lenders’ Stability – Reuters A simultaneous introduction in Poland of a bank tax and a conversion of Swiss franc-denominated mortgages into zlotys may seriously weaken the stability of the banking sector, central bank governor Marek Belka said on Tuesday.
SEC Takes Tougher Stance on Enforcement in JP Morgan Case – Financial News (subscription)
Federal regulators want to restrict JP Morgan Chase’s ability to raise funds for clients, in an effort to impose a broader range of consequences on financial firms accused of breaking the rules.
Half of Firms Won’t Be Ready for MiFID II Requirements – TabbForum Given the immense scope of MiFID II and the uncertainty around some rules, only 7% of firms report that they are ready to meet MiFID II’s requirements, while nearly 50% said they will not be prepared by the January 2017 implementation deadline.
SEF Leaders Say Global Harmonization of Swaps Regulations Remains a Pipe Dream – Waterstechnology (subscription) Implementation of MiFID II is roughly 15 months away, and with it comes a burning question: Will the US and Europe be able to come to a mutual recognition of regulations for the swaps market?