News

Integrate climate risk into prudential supervision, regulators’ group urges

A network of 66 financial regulators and central banks has issued a “first of its kind” guide for supervisors on integrating climate risks into their prudential supervision frameworks.

03 June 2020

Hinduja loses Cayman banking licence

The Cayman Islands’ financial regulator has revoked Geneva-based Hinduja Bank’s banking licence for a string of anti-money laundering and governance lapses.

03 June 2020

New EBA loan origination rules tighten lending procedures

The European Banking Authority has announced more intensive creditworthiness tests in new loan origination guidelines set to take effect next year, in a bid to reduce banks’ non-performing exposures.

01 June 2020

Trilegal hires in Mumbai, Tanner De Witt promotes in Hong Kong

The head of Cyril Amarchand Mangaldas’ financial regulation practice Shruti Rajan, and partner Garima Joshi, are joining Indian firm Trilegal in its Mumbai office, while Hong Kong firm Tanner De Witt has promoted a new partner in its banking and finance department.

01 June 2020

Outsourcing and third-party risk management in a pandemic

Simmons & Simmons partners Rosali Pretorius, Hinal Patel, James Cotter and associate Rebecca Heller report on the firm’s recent virtual roundtable – which discussed a PRA consultation paper on outsourcing and third-party risk management, and lessons that can be learned from operating in the current much-altered conditions.

29 May 2020

NatWest dodges Libor fixing suit after claim misses six-year deadline

NatWest has avoided an £8 million Libor-related consequential loss claim after an English judge ruled it had overshot its limitation period by a fortnight.

29 May 2020

BIS and Bank of Russia make market infrastructure appointments

Russia’s central bank has created a new department to regulate market infrastructure providers, while the Bank for International Settlements has named Federal Reserve alum Tara Rice as the new head of its committee on payments and market infrastructures.

29 May 2020

EBA warns over NPL exposures in first covid-19 stocktake

Europe’s banking regulator has warned that there may be a greater need for mergers and consolidation to address overcapacity, in its first stock-take on the impact of covid-19 on the banking sector.

27 May 2020

Brazil holds off from issuing banking probe fines

Six banks will face continued investigation in Brazil for denying services to cryptocurrency brokers, with authorities saying they need more analysis before deciding whether to begin formal proceedings.

27 May 2020

ECB tells banks to show their working in climate-related disclosures

Banks should publish the research that informs their climate-related and environmental risk assessments, the European Central Bank has said.

22 May 2020

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