US bank sector round-up

Author: Edward Price | Published: 13 Dec 2016

As we hurtle towards the end of the year, global and US bank regulatory activity remains unabated by the dual disruptions of Brexit and Trump. As such, the US industry is prudently choosing to assume that the existing timetable for implementation, and individual compliance efforts, will continue regardless of both events – at least for now. 

Here are some highlights of the past week's banking news.

Basel III finalisation

The bank sector remains alert to the unfolding finalisation of Basel III rules, or the update to the Basel Accords which the industry more often refers to as Basel IV.

Basel IV, of course, is an appellation the regulators dislike. But regardless of the disputed nomenclature, it finally seems we’re getting to the end of the Basel III/IV update saga. On December 2, Basel committee chairman Stefan Ingves gave a speech in Chile on just this topic. His speech, Finalising Basel...