financial regulation

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How Financial Regulation Can Help Save the Planet

“Let’s say you’re an insurance company and insuring people close to the sea. In Spain, for example, in La Manga del Mar Menor people have vacation homes in an area where sea levels are rising rapidly. If you are an insurance company with properties in areas such as this, this is a disaster. Or if you’re a global company with farmland in Almeria that requires lots of irrigation and Spain’s rainfall decreases dramatically and you can’t cultivate it, you take a massive hit.” The question of climate change and its impact is not a new one – but Antonio Cabrales suggests that there is a new solution, and it lies with the banks.


Procyclical Financial Regulation: What Can Be Done?

The COVID crisis brought about impressive activism on the part of financial regulators. Measures taken to offset the impact of the pandemic included: 1) encouraging forbearance and avoiding automaticity in non-performing loan (NPL) accounting and provisions; 2) allowing the use of capital and liquidity buffers; 3) reducing the supervisory, operational and reporting burden; 4) delaying the entry into force of more stringent requirements; while 5) bringing forward more lenient ones; and 6) ensuring the continuity in the provision of critical functions. Governments provided guarantees to loans to companies and individuals affected by the pandemic, which enjoyed better regulatory treatment.

European H2 earnings

Financial regulation: Beyond post-2008 ‘fix’

July 11, 2015 | By Simon Zadek and Christian Thimann via Caixin | A financial system for the 21st century should account for five warning signals that have not been addressed by current policy and regulatory frameworks.

Wall Street trader

Financial paradise

MADRID | May 17, 2015 | By Luis Arroyo | Against all odds, the Dodd-Frank law is working reasonably well, says Krugman. It was enacted by the US Congress in order to avoid another financial crisis like the one in 2008. The economy is divided between those who agree with Krugman that the blame for the disaster was deregulation initiated in the 1980s, with neocons getting power, and those who still believe (or say they believe) that markets are efficient.

John Holland

John Holland: “Stress tests for asset managers? Of course!”

MADRID | May 13, 2015 | By Ana FuentesProfessor at the Adam Smith Business School at Glasgow University, John Holland says financial institutions have become too complex for the general public and there is a crisis of confidence in banking and financial capitalism. He insists Basel III is not sufficient to regulate the banks and supports proposals to split up the different banking activities. This is the first part of our conversation.

IOSCO Secretary General David Wright

Markets supervisor: With its capital markets union Brussels is behind the curve

MADRID | March 26, 2015 | By Ana FuentesDavid Wright is charged with overseeing international securities regulators in his role as Secretary General for IOSCO. In an exclusive interview with The Corner, he speaks of the need for greater urgency in integrating global capital markets. He also notes that a failure to understand the changes taking place in global financial markets could be hindering economic growth.