About Financial Regulation and Risk Management Blog
Financial Regulation and Risk Management Blog is a dedicated forum for regulators, practitioners, academics, and policy analysts engaged in the evolving fields of financial regulation, supervision, and risk management. The blog aims to provide rigorous, independent, and analytically grounded commentary on current developments shaping global financial systems, with a particular focus on regulatory policy, supervisory practice, financial stability, and emerging risks.
By combining academic insight with real-world regulatory and market experience, the platform seeks to bridge the gap between theory and practice. Contributions address a wide spectrum of topics, including banking regulation, macroprudential policy, financial crime compliance, fintech and digital assets, sustainable finance, systemic risk, and institutional governance. The blog emphasizes evidence-based analysis, policy relevance, and clarity, making complex regulatory and risk issues accessible without sacrificing analytical depth.
The Financial Regulation and Risk Management Blog also serves as a space for constructive debate, critical reflection, and forward-looking discussion. In an environment of rapid technological change, geopolitical uncertainty, and increasing regulatory complexity, it aims to support informed decision-making and foster a deeper understanding of the challenges confronting financial institutions, regulators, and policymakers worldwide.
Submissions
Submissions are welcome from academics, regulators, and practitioners. Manuscripts, commentary pieces, and policy notes should be submitted electronically to mete.feridun @ emu.edu.tr for editorial consideration.
System Stress, Market Makers, and the Largest Crypto Liquidation Ever: Regulatory Lessons
Mete Feridun
15 October 2025
On the night of October 10–11, right after traditional markets had closed, U.S. President Trump’s comments threatening a sharp increase in tariffs on China triggered an immediate “risk-off” move across global markets. The timing was crucial: the remarks came within minutes of market close, when liquidity was already thin, and they explicitly referenced a “massive tariff hike on China.” Bitcoin plunged from around $121,000 to nearly $106,000 within minutes, while altcoins saw even sharper collapses. Within 24 hours, this snowballed into one of the largest leverage liquidations in crypto history, wiping out roughly $19 billion in leveraged positions according to analytics platforms. Read More >>
What does the EC’s postponement of the FRTB mean for the industry?
Mete Feridun
14 August 2024
Last month, the European Commission (EC) adopted a Delegated Act (DA) to postpone the application date of the Basel III fundamental review of the trading book (FRTB) standards in the European Union (EU) for the banks’ calculation of their own funds requirements for market risk until 1 January 2026. The EC essentially considered that the implementation of the FRTB rules should converge as much as possible across jurisdictions to ensure a level playing field among internationally active banks. Because the United States has not yet provided clarity on when and how it would finalise its implementation of the Basel III standards, the EC decided to postpone FRTB by a further year. Read More >>
What does Basel IV mean for EU banks? A quick review of the challenges and opportunities
The finalisation of Basel IV marks a significant milestone in the ongoing evolution of global banking regulation. These comprehensive reforms, concluded by the Basel Committee on Banking Supervision in 2017, introduce critical changes across various dimensions, including risk measurement, capital adequacy, and reporting requirements. In the European Union, Basel IV translates into substantial amendments to the Capital Requirements Regulation (CRR III) and Capital Requirements Directive (CRD VI), embedding the final Basel III framework into EU law with specific regional adjustments. Read More >>
Bank of England and HM Treasury's response to Digital Pound consultation: What is next?
26 January 2024
The Bank of England (BoE) and HM Treasury published a response to their joint consultation paper on 25 January 2024, setting out their assessment of the case for a retail central bank digital currency (CBDC). The consultation paper, which was published last year in February, marked the start of the design phase of the project. The consultation sought feedback from the public on a set of design proposals for a digital pound and judged it likely that a digital pound would be needed in the future. Read More >>
