Global Banking Regulation Review

Weather disasters “not very bad” for banks, says NY Fed

New York’s banking regulator has released a staff report playing down the significance of weather disasters on banks, saying that larger banks’ incomes “actually increase after disasters”.

APRA changes capital requirements, favours small banks

Australia’s new bank capital framework has introduced a two-tier system with simplified requirements for small banks – but while the regulator says it won’t be asking big banks to raise more capital, Macquarie says it nevertheless anticipates a A$2.2 billion hit to its capital surplus.

“We are not stopping here”: EU Commission announces capital markets package

The European Commission has revisited its six-year-old attempt to create a capital markets union, announcing measures on consolidated tape, rolled-back open access, and cross-border delegation of portfolio and risk management outside the EU, in an attempt to address the fragmentation of the bloc’s trading venues and increase its ability to compete with London and New York.

Australia’s rule-free climate risk guidelines fall short, critics say

Australia’s newly-released guidance on managing climate change risks doesn’t go far enough, environmental groups have said, criticising the lack of prescribed rules.

Mizuho CEOs resign after regulatory interventions

The CEOs of Mizuho and its parent group are set to resign, after Japan’s Financial Services Agency and finance ministry took administrative action against the bank for repeated operational failures and breaches …

“Broadly disappointing”: practitioners react as Powell reappointed

US Federal Reserve chair Jerome Powell is set to begin his second four-year term after receiving a nomination from President Joe Biden.

Essential news with insight, data and horizon scanning for those who advise on and shape the technicalities of banking regulation.

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From Lexology

US stablecoin regulation: bringing stablecoins into regulatory fold

The President's Working Group on Financial Markets, joined by the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency, recently released a report on "stablecoins", which it defines …

Cryptocurrency and blockchain regulation in Lao PDR

The rise of cryptocurrency has placed the decentralised system of finance in the spotlight with the recent record high in the price of Bitcoin…

Initial climate change risk management expectations issued by US OCC

On November 8, 2021, the acting head of the Office of the Comptroller of the Currency (“OCC”), Michael J. Hsu, issued a call to action on climate…

Non-fungible tokens: To Deal or Not To Deal

In the present day and age, digital investments and digital assets have become the new trend, as it has enabled one to sit comfortably at home and…

Editor's picks

Heads Up: with Damian Carolan at Allen & Overy

“There are not a lot of people who are cut out for this”: In the first of a two-part interview with A&O’s UK head of financial regulation Damian Carolan, he discusses innovation, the importance of a global network, and what he thinks marks out the top-tier regulatory practices from the also-rans.

If it walks like a bank…

In the last year, the banking sector has weathered the covid-19 crisis, but the demises of non-banks Archegos, Greensill and Wirecard have raised questions about the distinctions between bank and non-bank regulation. As fintechs continue to innovate, and alternative lenders offer an increasingly wide range of services, do regulators need to widen their perimeter?