Topic: Banking regulators

Joe Biden has defeated Donald Trump to become the United States’ next president – triggering an overhaul of the federal government and its regulatory agencies. What can banking regulation practitioners around the world expect from the new administration?

19 November 2020

US president-elect Joe Biden has named former CFTC chair Gary Gensler to head up a task force charged with organising the handover of power at the United States’ financial regulatory agencies – with figures specialising in fintech and corporate governance among the new team members.

11 November 2020

New York’s financial regulator has become the first US-based agency to explicitly tell banks to incorporate climate risks into their models, as the Financial Stability Board’s climate task force says banking ranks lowest of all industries in disclosing climate-related targets.

04 November 2020

The US Commodities Futures Trading Commission has reshuffled four departments, while the head of the Securities and Exchange Commission’s international affairs office is leaving the agency.

04 November 2020

Skadden Arps is advising Deutsche Bank on the sale of its trust business in Mexico, which comes after a year of “continual pressure” from the country’s financial regulator to complete the deal.

29 October 2020

US financial regulators have approved measures requiring major banks to prove their funding can endure one year of stress, amid objections from minority members of the Federal Reserve and FDIC boards that the revamped rule “defeats the purpose” of the original proposal.

22 October 2020

The European Banking Authority has proposed to allow banks to include the value of software assets in their capital calculations, despite banks saying the changes would still bring about an “unlevel playing field” for EU banks in an international context.

15 October 2020

New York’s Department of Financial Services has called for social media companies to be regulated as systemically important institutions, saying a July hack of multiple public figures’ Twitter accounts raised serious cybersecurity concerns.

15 October 2020

The Reserve Bank of India has appointed a new deputy governor with responsibility for its regulatory activities, as it faces calls from a former supreme court justice for increased transparency and accountability in its decision-making.

14 October 2020

Regulators should focus on attracting talent that can develop tailored suptech tools, according to a new report from the Financial Stability Board.

12 October 2020