All articles

EU regulators step up SREP for investment firms

Two EU regulators have outlined their plans for investment firms’ supervisory review and evaluation process, including a new scoring system for EU banks and additional own funds requirements.

22 November 2021

Biden’s OCC pick fields Senate questions amid “Red Scare tactics”

Saule Omarova, the nominee to serve as the United States’ top banking regulator, has laid out parts of her vision for the role in her Senate committee hearing, in the face of Republican questions over her upbringing in the Soviet Union.

19 November 2021

“Proxy access on steroids”: SEC empowers proxy voters with new rules, over Peirce’s dissent

The United States’ securities regulator has proposed to overhaul rules implemented by successive Republican leaderships, giving proxy voters more freedom during corporate board elections and boosting the armoury of activist investors.

18 November 2021

Fed governor casts doubt on plans for stablecoin regulation

Federal Reserve governor Christopher Waller has claimed that stablecoins should be left unfettered of traditional regulation, despite growing industry calls for treating stablecoin issuers like banks.

18 November 2021

Bank boards should lead climate charge, Basel Committee says

As COP26 ends with a new pledge from the banking sector to achieve net zero by 2050, the Basel Committee has published its first principles on how to manage and supervise climate risk.

17 November 2021

O-SII buffers to exclude central reserves under new FPC proposals

O-SIIs’ total assets “may no longer be a desirable metric” to determine their buffer rates, according to the Bank of England’s financial policy committee, as it proposes to reduce their buffer thresholds by £15 billion by excluding central reserves.

17 November 2021

EBA targets bank licensing in latest harmonisation move

The European Banking Authority has released new banking licence guidelines in a bid to standardise the authorisation procedure across the bloc’s member states.

15 November 2021

Ex-JPMorgan VP says she was fired for raising compliance concerns

An ex-JPMorgan compliance executive has complained of “material misconduct” in a lawsuit directed at her former employer which alleges gaps in the bank’s compliance controls.

15 November 2021

US Treasury hints at SLR loosening

The US Treasury has indicated that a review of the supplementary leverage ratio is nearing, as industry voices call for a reversal to last year’s SLR relief measures.

11 November 2021

EBA warns banks not to overcomplicate models with machine learning

The European Banking Authority has warned banks not to construct unnecessarily complex internal models, as it outlines the ways they may be able to use machine learning for their internal risk quantification assessments.

11 November 2021

Get unlimited access to all Global Banking Regulation Review content