Topic: Coronavirus

FSB official casts doubt on functionality of G20 reforms during pandemic

The Financial Stability Board’s secretary general Dietrich Domanski has said the pandemic has shown that certain elements of the post-financial crisis reforms may not be working as intended and “warrant further examination”.

22 July 2021

Is the European CMBS market set for a revival?

The impact of the covid-19 pandemic on financial markets has been compared by many to the aftereffects of the post-2008 financial crisis, and for good reason. Reed Smith partners Jason Richardson and Iain Balkwill ask whether European commercial mortgage-backed securitisation will survive, or whether the pandemic has sounded a second death-knell for this form of securitisation.

28 April 2021

US & Canada signal end of covid-era capital indulgence

US and Canadian regulators are rolling back pandemic-era capital measures, with a Canadian regulator resuming its Basel III implementation plans and the US Federal Reserve calling time on its go-easy approach to the supplementary leverage ratio.

23 March 2021

US Fed in a bind over “inexcusable” capital requirement relief

The United States’ congressional committees covering financial services have urged the Federal Reserve to defy calls to extend temporary capital requirements relief it extended at the outset of the covid-19 pandemic.

11 March 2021

“The new normal”: Singapore addresses work-from-home risks

Last year’s shift to remote working in the covid-19 pandemic did not trigger “any significant increase in operational, fraud and cyber risks”, according to a new paper published by Singapore’s banking association and regulator, which outlines a range of new policies banks should adopt if the practice becomes “the new normal” post-pandemic.

03 March 2021

ECB “nervous” over banks using capital buffers, conference told

The Single Supervisory Mechanism is not ready for EU banks to use their capital buffers, and needs to provide clarity on when they can dip into them, a key figure at a major European bank has told the European Banking Institute’s annual banking regulation conference.

16 February 2021

Covid-19 prompting “institutional rethink” on operational resilience, report finds

Three US regulators have issued a list of “sound practices” banks should follow in operational resilience – as a new report from Norton Rose Fulbright suggests a drastic shift in preparedness for shocks over the course of the covid-19 pandemic.

05 November 2020

US regulators pave way for higher capital distributions despite dissent

US banking regulators have finalised a measure allowing banks to make higher capital distributions under stressed financial conditions, over the objections of the minority members of the Federal Reserve and FDIC boards.

28 August 2020

Baoshang bankruptcy a “compliance wake-up call” in China

China’s central bank has announced that it will allow troubled Baoshang Bank to become the first commercial lender to file for bankruptcy in China since 2001, in a move that could prompt other lenders to “step up” their risk assessments and internal audits amid growing non-performing loan portfolios.

10 August 2020

Federal Reserve adds coronavirus scenarios to stress tests

The US Federal Reserve will include a coronavirus-specific sensitivity analysis in its annual stress test, in what will determine whether banks can sanction shareholder pay-outs and share buybacks.

22 June 2020

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