Switzerland’s two G-SIBs are set to become one, in a regulator-brokered deal which has unexpectedly written off the beleaguered Credit Suisse’s AT1 bondholders following a week of mounting concern over the bank’s future.
The parent company of Silicon Valley Bank, which was taken over by US regulators following its collapse last week, has sought bankruptcy protection in New York while it explores a potential sale of its remaining assets.
As cyberattacks continue to mount, experts at the Institute of International Bankers’ recent annual conference in Washington, DC discussed how to handle attacks, the challenges of upgrading systems to keep pace, and the coming empowerment of firms’ chief information security officers.
Credit Suisse has applied for a US$54 billion lifeline after the Swiss central bank accepted that it would have to provide it with extra liquidity – but practitioners say the bank’s business …
The terms of HSBC’s £1 purchase of Silicon Valley Bank UK are coming under scrutiny from UK lawmakers, who have questioned why HSBC required exemptions from the UK’s ringfencing regime as a …
Practitioners expect “two to three years” of increased regulatory attention to liquidity and risk management in response to the collapses of Silicon Valley Bank and Signature Bank.
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This past weekend’s fast-moving banking crisis was an abrupt reminder that the era of easy money is over. While regulators were able to avoid broader…
In a recent statement, the UK’s financial regulator - the Financial Conduct Authority (FCA) - made it clear that businesses marketing certain…
The Bank of England (BoE) has announced that Silicon Valley Bank UK Limited (SVB UK) will be sold to HSBC UK Bank Plc (HSBC). This is being carried…
The Central Bank of Egypt (CBE) recently published regulations pertaining to payment cards tokenization on electronic devices applications…
“We all want the same thing, so let's work together to get that.” GBRR speaks with Mizuho’s senior legal counsel for EMEA regulatory change Nimesh Christie, about what he wants from external counsel, the importance of the compliance role within banks, and the importance of a banking regulatory community.
While banks and fintechs have steeped themselves in artificial intelligence for nearly a decade, regulators and governments are just beginning to enter the fray. GBRR spoke to practitioners from CMS, Deloitte, London Stock Exchange Group and AI governance platform Holistic AI about how banks use AI, how it could change, and what they should expect from their regulators.
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