The European Central Bank (ECB) has today published the SSM Framework Regulation for the Single Supervisory Mechanism (SSM). The SSM Framework Regulation lays the basis for the work of the SSM when it takes over as supervisor of euro area banks in November 2014. This is an important milestone in the set-up of the SSM which is being delivered as scheduled. . .

http://www.ecb.europa.eu/press/pr/date/2014/html/pr140425.en.html

http://www.ecb.europa.eu/press/pr/date/2014/html/pr140428.en.html

The U.S. Justice Department is investigating whether a  Citigroup  unit in California failed to alert the government to suspicious banking transactions along the U.S.-Mexico border that in some cases involved suspected drug-cartel members, said people familiar with the probe. . . .

http://hereisthecity.com/en-gb/2014/04/11/citigroup-said-facing-inquiry-over-suspicious-transactions/

The Government could start selling down its stake in Royal Bank of Scotland   this year, according to City analysts, after the taxpayer-backed lender   agreed a deal with the Treasury that could lead to the return of dividend   payments. . .

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10758823/Treasury-could-cut-RBS-stake-following-dividend-deal.html

A US court has accepted a $1.8bn (£1.07bn) settlement for insider trading by US  hedge fund group SAC Capital Advisors. . .

http://www.bbc.co.uk/news/business-26985243#

The European Central Bank (ECB) has said it will provide “further stimulus” to  the eurozone economy if inflation in the bloc continues to remain low.

http://www.bbc.co.uk/news/business-27008293#

A Bank of England and European Central Bank collaborative paper:

http://www.bankofengland.co.uk/publications/Documents/news/2014/paper070.pdf

The Basel Committee has today published a final standard for calculating regulatory capital for banks’ exposures to central counterparties (CCPs).

http://www.bis.org/press/p140410.htm

Mark Carney picked a good time to implement sweeping changes at the Bank of England . . .

http://www.bloomberg.com/news/2014-04-06/carney-s-policy-autopilot-gives-time-for-boe-in-mckinsey-revamp.html

When Mario Draghi flies to the U.S. this week, he’ll leave a 1 trillion-euro ($1.4 trillion) question mark hanging over Europe. . .

http://www.bloomberg.com/news/2014-04-06/draghi-s-1-4-trillion-question-lingers-as-ecb-mulls-qe.html