Banking lobby groups in the US and the UK have been calling for relaxation of rules around bank leverage. But the UK’s top banking regulator says current circumstances are too volatile for any risky change.
Gilts
Industry digests big fines for four banks over exchanges of sensitive information on gilts
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Citi, HSBC, Morgan Stanley and Royal Bank of Canada agree to settle cases and will pay over £100m ($126.2m).
Policymakers are concerned about the huge leverage that hedge funds are employing as part of the so-called basis trade.
Liquidity in focus again as regulator says lessons apply in pensions sector and beyond.