The goal of a single rule book for Europe’s banks is splintering even before it’s implemented as northern countries move ahead with tougher requirements to ward off the next boom-to-bust cycle.  . .

http://www.bloomberg.com/news/2013-08-26/europe-s-single-bank-rule-book-falls-apart-as-north-races-ahead.html

The ageing population phenomenon being observed in many countries poses serious social policy challenges. Longevity risk – the risk of paying out on pensions and annuities longer than anticipated – is significant when measured from a financial perspective.

http://www.bis.org/publ/joint31.htm

Bruno Iksil, the former JP Morgan trader whose bets caused more than $6.2bn in losses last year, is now central to any US charges against his former colleagues. . .

http://hereisthecity.com/2013/08/13/london-whale-resurfaces-in-potential-us-jpmorgan-case/

The Prudential Regulation Authority (PRA) has published a consultation paper on changes to its rules required to implement the EU’s Capital Requirements Directive (CRD IV). These changes will affect banks, building societies and those investment firms which are regulated by the PRA. It does not affect insurance firms. . .

http://www.bankofengland.co.uk/publications/Pages/news/2013/097.aspx

The Financial Conduct Authority (FCA) has fined David Davis, senior partner and compliance officer of Paul E Schweder Miller & Co, £70,258, and Vandana Parikh, a broker at the same firm, £45,673, for failing to act with due skill, care and diligence in the period leading up to the illegal manipulation of the closing price of securities traded on the London Stock Exchange (LSE) by Rameshkumar Goenka, a Dubai based private investor, in October 2010.  . .

http://www.fca.org.uk/news/fca-fines-compliance-officer-and-broker

http://hereisthecity.com/2013/07/01/top-firm-to-offshore-4000-investment-banking-jobs/

Goldman Sachs and JPMorgan Chase were among more than a dozen financial institutions accused by the European Union of colluding to curb competition in the credit derivatives industry. . .

http://hereisthecity.com/2013/07/01/eu-accuses-13-investment-banks-of-hampering-cds-competition/

Perhaps Antony Jenkins, the boss of Barclays, should have read the Bank of England’s financial stability report before threatening to hold back on lending to the economy in response to the central bank’s demand that it starts getting in shape to meet a new measure of financial health. . .

http://hereisthecity.com/2013/07/02/barclays-risks-forcing-showdown-over-leverage-ratio

Denmark is warning that the world’s biggest mortgage market per capita is again under threat from a proposal by the Basel Committee on Banking Supervision.  . .

http://www.bloomberg.com/news/2013-07-01/basel-seen-defying-logic-in-denmark-as-rule-clash-hits-mortgages.html

A Chinese bank has topped a list of the world’s top 1,000 banks for the first time, according to a survey. . .

http://www.bbc.co.uk/news/business-23122491#