One of the perceived culprits of the global financial crisis was inadequate financial regulation, which has been blamed for allowing banks and other financial institutions to become too interconnected, too big to fail, too risky and too leveraged. This has lead to an unprecedented push for reform by a variety of national and international bodies. Unfortunately initial attempts at ensuring a co-ordinated approach for reform seem to be unravelling and there is currently a confusing patchwork of proposals and initiatives for reform on key topics such as regulatory capital, liquidity, clearing and remuneration. Some of these proposals have been agreed and implemented or have agreed implementation dates, but many others are still at the consultation stage with implementation dates unclear.
We have developed a dedicated area on our website: (http://www.linklaters.com/Publications/20100219/Pages/Index.aspx) to keep you up to date with key initiatives from the main supranational bodies and also from the EU, UK and USA, together with proposed or expected implementation dates. We will update the site as and when important developments occur. Please email FRR@linklaters.com if you would like to receive these updates via email (to the extent that you have not already received our first introductory update).
For further information about these regulatory reforms, please contact:
Lisa Murray (lisa.murray@linklaters.com, (+44) 20 7456 5019).
