News

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

Deutsche and DFS create new ESG roles

Deutsche Bank and New York’s Department of Financial Services have created new environmental, social and governance (ESG) leadership roles, as a series of banks announce new climate-related initiatives.

15 May 2020

Turkey issues new market manipulation regulation

Turkish regulator BDDK has reversed a days-old ban on Citi, UBS and BNP Paribas’s foreign exchange activities, after issuing a new regulation against market manipulation which free speech advocates warn might have a chilling effect on financial reporting.

13 May 2020

Singapore regulator slaps disgraced bankers with hefty bans

Singapore’s banking regulator has barred two convicted bankers from participating in financial advisory services for a combined 35 years.

13 May 2020

BoE staggers Libor haircuts to mirror FCA delays

The Bank of England has altered its roadmap for phasing out the use of the Libor interest rate benchmark by UK banks to April next year, mirroring a delay announced by the Financial Conduct Authority last month.

11 May 2020

Community round-up: Bank of Japan names first female executive director

The Bank of Japan has named the first female executive director in its 138-year history, while UBS has hired a new China integration lead from Chinese regulator CBIRC, and the International Swaps and Derivatives Association has named two new directors to its board.

11 May 2020

HSBC’s Levey named Libra CEO, as Deutsche reshuffles ranks

The Facebook-backed Libra Association has appointed HSBC chief legal officer Stuart Levey as its first CEO, as it looks to gain global regulatory approval.

07 May 2020

US state-level regulators blast OCC over proposed rule change

The association representing US state-level banking regulators has issued a blistering response to the OCC’s plans make over 2,000 amendments to its licensing rules during the covid-19 pandemic, saying the federal regulator’s notice procedure “flouts the very purpose of notice-and-comment requirements”.

07 May 2020

FSB tells clearing houses to prepare for new loss scenarios

The Financial Stability Board has told clearing houses they should prepare for a range of new loss scenarios, after an alliance of banks called for regulatory action to improve their safety.

05 May 2020

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