News

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

OCC’s Otting out

The US Comptroller of the Currency, Joseph Otting, is stepping down midway through his five-year term, days after issuing new rules under the Community Reinvestment Act which have failed to gain FDIC or Federal Reserve support.

22 May 2020

BIS hires in Basel and Hong Kong

The Bank for International Settlements has hired a new deputy head of banking, and a head for its new innovation hub’s Hong Kong office.

22 May 2020

EU issues new AML/CTF plans, but angers “blacklisted” Caribbean states

The European Commission has announced plans for new anti-money laundering measures – but provoked furious responses from countries which say it failed to consult them over their inclusion on a 12-country money laundering “blacklist”.

20 May 2020

“A step towards returning to normality”: European short-selling bans lifted

Six European countries are ending short-selling bans imposed at the outset of the covid-19 crisis.

20 May 2020

Asset class consistency key in pre-cessation trigger, ISDA finds

Market participants have told the International Swaps and Derivatives Association (ISDA) to add a pre-cessation trigger to inter-bank offered rate fallback documentation, highlighting consistency across asset classes and within derivative markets as a prerequisite.

18 May 2020

New top supervisor takes over in Israel

The Bank of Israel’s Supervisor of Banks Hedva Ber has stepped down after five years, to be succeeded by external appointee Yair Avidan.

18 May 2020

Chinese regulator issues first fines for lax data reporting

China’s banking regulator has fined the country’s four major state-owned lenders for inconsistencies in their financial data reporting, marking the first time it has issued penalties for data matters amid the release of stricter standards.

15 May 2020

Get unlimited access to all Global Banking Regulation Review content