Just two weeks after Banco Popular’s rescue was hailed as a triumph of Europe’s post-crisis resolution regulation in action, Italian taxpayers are footing the €17 billion bill for the collapse of two long-troubled lenders. Maybe that post-crisis regulation isn’t quite as effective as it is supposed to be.

Payment providers looking to capitalize on open banking will have to jump through regulatory hoops to prove they are able to offer the services they claim, under the final set of rules from PSD2.

FX algo use is steadily rising, according to a report by Greenwich Associates, with the most dramatic rises seen among corporate traders scrambling to demonstrate best execution, as stipulated by the FX global code of conduct.

The extended deadline for Mifid II is now only six months away, and along with an increase in the amount and quality of data financial institutions (FIs) have to record, they must also reassess customer relationships.

Both AT1 and tier-2 investors lost everything when Banco Santander rescued Banco Popular, while senior bondholders were untouched. The rescue has shown that when banks in Europe get into trouble it is liquidity, not capital, that matters and that the fate of subordinated bondholders is anything but predictable.

What gated communities can teach us about gaming the system.

Quantitative easing has been the defining monetary policy innovation of the 21st century. With global economic recovery now seemingly robust, the challenge facing policymakers is to reverse this stimulus. This is likely to be fraught with danger, particularly in Europe.

The drive to integrate the European banking system has taken a back seat as regulators have become concerned at the lack of profitability in the sector. Can banking in the EU be sustainable without union and with so much onerous regulation?

Probably the single most controversial post-crisis piece of financial regulation, the Volcker rule has been blamed with hampering liquidity and has been criticized as virtually unenforceable. Now, US lawmakers have the rule in their cross hairs.

The era of low rates has led treasury teams managing cash surpluses to diversify their assets and exposures.

The FX industry has moved on from the fixing scandal and now wants to write its next chapter, underpinned by a new code of conduct. But liquidity remains fragile, volume is down and further challenges lie ahead.

International companies new to Asia find working in the region more difficult than anticipated, as Asian regulators move towards a protectionist stance.

On April 21, Donald Trump directed his treasury secretary, Steven Mnuchin, to begin the administration’s long anticipated attack on the Orderly Liquidation Authority, created as part of the 2010 Dodd-Frank Act to ensure the smooth management of US banks at risk of failure.

Virtu’s agreed bid for KCG shows the pain from persistently low equity volatility hurting even the new breed of market makers.

Goldman Sachs badly underperformed other US banks in first-quarter fixed income results, setting off a frenzy of speculation about trading positions that could have led to the disappointment.

The central bank found a way to enforce the rule just before lawmakers attempt to dismantle it.

Know your customer (KYC) registries and utilities were created to comply with rising regulatory requirements. However, as a trusted source of counterparty information, they are finding additional uses across business lines.

Who’d be a regulator? David Tweedie, who was chairman of the International Accounting Standards Board for a decade right through the global financial crisis, knows more than most about the challenges involved.

Fintech may not disrupt capital markets as quickly or as profoundly as it has retail financial services, but the incumbents should not be complacent. With regulators insisting on greater transparency and audit trails for investor allocations, the control of information that made the banks’ masters of these deals is already slipping.

Changes to US banking regulation will focus on specific targets rather than wholesale legislative reform.

The UK has signalled its determination to free itself from rules cooked up in the EU, but Payment Services Directive II (PSD2) is an example of the need for international cooperation when it comes to financial regulation.

Banks might want to stop blaming regulators for delays in opening accounts for businesses and the high costs of international payments and FX, because if they don’t do a better job, challengers will.

European Parliament drags heels over fast-tracking rules; Nykredit flips out in €500 million deal.

The Securities and Exchange Commission (SEC) rejected an exchange’s request to list what would have been the first bitcoin exchange-traded fund (ETF), but it might not be long before such a digital currency fund becomes reality, say commentators.

Enforcement on the mainland remains a huge issue for the Hong Kong SFC, but its CEO claims things are changing.

We explain the FSB's total loss-absorbing capacity requirements for global systemically important banks (G-Sibs).

The Basel Committee wants to ignore bank internal ratings-based (IRB) models and rely on the leverage ratio to neutralize the impact on RWAs of their variability. The European Central Bank (ECB) view is: get better models.

Brokers and insurance agents can still ignore Gary Cohn and shake off their reputation as cowboys.

While the imagery around the Trump presidency looks awful, it may obscure some good intentions – but what stops us cheerleading these efforts is the worry where they spring from.

E-commerce needs a strategic rethink in how payments are collected to increase efficiency and reduce clearing times. PSD2 is one possible resolution, with social media also starting to play a role.