News

German regulator facing criminal investigation over Wirecard handling

The public prosecutor's office in Frankfurt am Main has launched a criminal investigation into the German banking regulator for its role in the Wirecard scandal.

19 April 2021

“Britcoin?” UK unveils CBDC taskforce

The United Kingdom has moved a step closer to developing a digital version of its currency.

19 April 2021

EU and Russia push forward on CBDC plans, amid pushback

Central banks in Russia and the European Union have both moved forward on their ambitions for digital versions of their currencies, as private sector voices increasingly raise concerns about the potential impact of CBDCs on financial stability.

16 April 2021

Existing risk categories can capture climate risk drivers, Basel says

The Basel Committee on Banking Supervision says it has “not found any evidence” to support the creation of a separate risk category to address the drivers of climate risk – but indicates there will need to be more “granular” measurement of the changing climate’s impact on banks’ actual exposures.

16 April 2021

A “culture of fear” over risk-taking: FSB calls for UK regulators to align on remuneration

UK regulators should better align their compensation frameworks to avoid creating a “a culture of fear” around proactive risk taking at banks, according to a new report from the Financial Stability Board.

15 April 2021

Basel finalises resilience principles as FDIC chair points to legacy systems

FDIC chair Jelena McWilliams has highlighted banks’ outdated legacy systems as her “number one” concern about banking operations, shortly after the Basel Committee on Banking Supervision finalised its seven principles for operational resilience.

15 April 2021

Brazilian climate risk proposals will be “a journey and a process”

Brazil’s banking regulator has proposed that financial institutions include more detailed climate-related losses in their risk management policies, but a “stark lack of diversity” at board level could hamper banks’ progress.

13 April 2021

Israel’s former top banking supervisor joins Cypriot social trading platform

Tel Aviv-based social trading platform eToro has appointed Hedva Ber, formerly Israel’s leading banking regulator, as its global chief operating officer.

13 April 2021

EBA calls for greater detail in “non-logical” investment policy disclosures

The EU’s banking watchdog has announced broader disclosure requirements for large investment banks.

08 April 2021

MAS consulting on foreign branch exemptions

Singapore’s regulator is consulting on new exemptions from business conduct and notification requirements for banks’ foreign head offices and local branches, after banks said recent reforms to its regime for foreign related corporations risked an “unlevel playing field”.

08 April 2021

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