Banks search for dollar alternatives

The ferocity with which US regulators have pursued HSBC, Standard Chartered, Barclays, ING and most recently BNP Paribas for breaching sanctions, and the seemingly limitless fines violators have been hit with, speaks to a tightening of control and intensive monitoring of dollar clearing.

The next regulatory battle: bank structures

From the Volcker Rule to the EU’s proposed ring-fencing, inconsistent rules on bank structures, both within the EU and between the US and Europe, are the latest threat to the global banking model.