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Financial System

Carney says global financial system at risk of ‘reform fatigue’

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Via Financial Post : Mark Carney, head of the Financial Stability Board, warned against giving in to “reform fatigue” a decade after the financial crisis, and called on the Group of 20 nations to strengthen regulatory co-operation. Leaving crucial standards incomplete “could erode our willingness to rely on each other’s systems …

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UK banks receive first report cards from Banking Standards Board

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Via The Guardian : Assessments sent to Barclays, HSBC, Lloyds, RBS, Santander, Standard Chartered, Nationwide, Metro, Citi and Morgan Stanley Britain’s major banks have received their first report cards from the body set up to improve standards and bolster the industry’s reputation in the wake of the Libor-rigging crisis. Dame Colette …

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Sizing up the Asia Pacific’s booming alternative finance sector

A vendor selling flowers hands over change to a customer in Kunming, Yunnan province, August 19, 2015. China's currency devaluation should give a shot in the arm to global foreign exchange volumes as traders take advantage of and protect themselves against the surprise surge in volatility, but its longer-term impact on market activity may not be so benign. REUTERS/Wong Campion - RTX1OQOI

Via The Conversation : If digital disruptors like crowd-sourced equity funding and peer-to-peer lending platforms are going to transform the finance sector, they need to be regulated. If they are going to create permanent positive change, they need to be regulated intelligently. But so far, the ability of regulators and industry …

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Global investment banking – slowest quarter for fees since 2011

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Via HITC Business : Global Investment Banking Fees Total US$64.5 billion; Slowest Quarter for IB Fees since 2011; America Fees Down 1%; Europe Falls 25% Fees for global Investment Banking services, from M&A advisory to capital markets underwriting, totaled US$64.5 billion during the first nine months of 2015, a 10% decrease …

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