EU banking sector reform: a definitive guide to the latest developments

Author: IFLR Correspondent | Published: 22 Jul 2013
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IFLR's coverage of regulatory changes to EU and UK bank structures features in-depth analysis and expert opinion on the reforms' legal and systemic implications

BASEL III and CRD IV

ECA financing under CRD IV A new enforceability opinion requirement means ECA-backed financings have not escaped the EU regulatory overhaul unscathed

Global regulators to copy UK's relaxed capital rules Other countries are tipped to follow the UK Financial Services Authority's lead and soften bank capital requirements ahead of Basel III implementation

OPINION: The year is 2010. Basel 6: how did we get here? The International Centre for Financial Regulation's chief economist has predicted Basel III will look very different in just a few years time

New trading book rules target value-at-risk The Basel Committee on Banking Supervision's latest consultation on trading book capital rules signals a move away from the discredited value-at-risk model

REGULATOR INTERVIEW: France's AMF reveals lessons learnt post-crisis The French regulator discusses the huge changes in financing economy, what he has learnt from the eurozone crisis, and whether his worries about the unintended consequences of regulation

LMA speaks out on CRD IV Europe's Capital Requirements Directive 4 will harm the syndicated loan market and impair a vital source of liquidity for borrowers, according to the Loan Market Association

IBA speakers criticise Basel III capital requirements Basel III plans to raise banks' capital requirements were slammed at an IBA session as both short-sighted and ineffectual

How national implementation will create CRD IV uncertainty Requirements that capital conservation and counter cyclicality buffers be implemented by national laws will create additional uncertainty for banks already facing a huge workload to implement Basel III and CRD 4 on time

RINGFENCING

Will UK banks qualify for a derogation under Liikanen It is by no means certain that the UK legislation will be considered equivalent to the EU's legislation

EU bank reform plan points to global Volcker Under a Brussels' tabled reform package, banks in Europe face limits on betting with their own funds, on top of potentially being forced to quarantine their risky trading activities

Why Kay, Volcker are wrong about ringfencing It is possible to effectively ringfence retail and investment activities without restructuring banks into essentially two separate entities

Liikanen reveals why he had to split the banks. The chairman of the high level expert group charged with examining possible structural reforms to the EU's banking sector, has revealed why he believes structural separation is the best way to save Europe's banks

Liikanen says EU bank overhaul could increase shadow banking The proposed European bank reforms could increase shadow-banking activity, Erkki Liikanen, chairman of the European Union High Level Experts Group has warned

How Liikanen will change global banking The Bank of Finland governor this month announced his flagship report for reshaping European banks. Here's how these proposals could change global trading

Liikanen poll: 75% say Volcker/Vickers hybrid wrong for Europe's banks Ahead of a Liikanen review consensus, IFLR questioned market participants as to whether a combined Volcker/Vickers approach was right for Europe's biggest banks

FSA prudential chief: why banks must be ringfenced The managing director of prudential regulation at the Financial Services Authority,Andrew Bailey, has publically backed the need for powers to separate trading activities into separate legal entities

How Liikanen will impact Vickers implementation European banking reforms, as proposed by the Liikanen Commission, are likely to supersede or replace the UK's Vickers, lawyers have predicted

Liikanen Report: market concerns UK lawyers have branded the Liikanen Committee's recommendations for European banking sector reform as counterproductive

European bank reform: the Liikanen Report revealed The Liikanen Committee has revealed its recommendations for how Europe's banking structure should reform

A tale of three cities Welcome to the new world order. Again. Of course, it's all too easy to be cynical. Seismic shifts in the investment-banking model have been prophesised time and again since the events of 2008, and beyond, changed the worldview of banking behemoths irrevocably

How to fix global banking IBA panellists said that reform policies that focused on narrow banking and the separation of casino banks would rapidly run into problems.

The true cost of Volcker, Vickers and Liikanen Allen & Overy's Philip Wood, Linklaters' Simon Davies and Morgan, Lewis and Bockius' Christian Zschocke assess the ringfencing and proprietary trading restrictions

BANKING UNION

National regulators' extensive role under the SSM The ECB and member state regulators have clarified their division of labour within the joint supervisory teams (JST) that will supervise the biggest eurozone banks under the incoming single supervisory mechanism

Afme: SSM to over-simplify EU prudential regulation Afme's Eddy Wymeersch warned that the single supervisory mechanism could have an adverse effect on prudential regulation in the Eurozone

ECB: how to make Europe's banking union work. According to the ECB's executive board member, Benoît Cœuré, a single resolution mechanism must be in place, if a genuine EU banking union is to be achieved

EU split over banking union decentralisation German support for an EU banking union has increased after last week's comments by European Commissioner Michel Barnier clarified that national regulators will continue to have a role

How to split up the euro 2013 will be crunch time for the Eurozone, lawyers have warned

OPINION: why an EU banking union poses an existential threat to the UK Mark Field is MP for the Cities of London & Westminster believes a successful banking and fiscal union represents an almighty challenge to the UK

1992: a fateful year for EU banking regulation Weil Gotshal & Manges' James Leavy outlines the legacy problems arising from the failure of the 1992 Maastricht Treaty

OPINION: why an EU banking union poses an existential threat to the UK Mark Field is MP for the Cities of London & Westminster believes a successful banking and fiscal union represents an almighty challenge to the UK

BANK RESOLUTION

Afme: priorities for solving too big to fail UK Chancellor George Osborne is confident Europe could achieve a framework for sorting out bank resolution by the end of the year. But to meet this ambitious timetable, the region's policy-makers must resolve several key issues.

For more analysis of the latest developments in financial regulation see Euromoney's financial regulation special focus