Topic: Operational resilience

EBA’s 2023 supervisory programme shows Ukraine and covid-19 legacy impact

The European Banking Authority has increased its emphasis on operational resilience and technology in its supervisory plans for 2023, due to “a new episode of economic uncertainty” caused by Russian aggression against Ukraine and the legacy of the covid-19 pandemic.

02 November 2022

“It’s a little bit of a journey”: the road to climate transition

Panellists from two of the US’ largest regulators discussed the challenges of a US$150 trillion climate transition with representatives of the US Treasury and Goldman Sachs at the Bank Policy Institute-The Clearing House’s annual conference in New York.

15 September 2022

Fed issues further guidance for banks preparing to undertake crypto business

The US Federal Reserve has issued its own requirements for banks seeking to engage in the crypto world, following similar recent guidance from two other federal regulators.

24 August 2022

SEC rolls out “prescriptive” clearing agency governance standards

The SEC has revised its rules on clearinghouse governance structure to mitigate conflict of interests, over objections from its Republican commissioners that the reforms are too “prescriptive”.

11 August 2022

Canadian regulator demands banks produce “comprehensive” plans for technology and cyber risk

Canada’s financial regulator will require banks to set up plans for technology development and cyber security, according to its latest guidance.

14 July 2022

UK regulators’ horizons reach the cloud under Treasury plans

The UK government has proposed expanding its financial regulators’ powers over third party providers including cloud-based data centres.

15 June 2022

Operational resilience mapping needs rapid sophistication, PRA’s Mackinnon tells banks

A senior figure at the UK’s Prudential Regulation Authority has told banks that operational resilience should now be a “major consideration” in their investment programmes and that their mapping should “rapidly become more sophisticated”.

06 June 2022

Canadian regulator “misses opportunity” with bank climate proposals

Canada’s financial regulator has released proposals to ramp up climate risk disclosures and stress testing, prompting criticism it has missed its opportunity to specify alignment with net zero targets.

30 May 2022

Greensill litigation may take five years to conclude, says Credit Suisse

Credit Suisse has told shareholders that some investors may not be able to recover money lost in the Greensill collapse, and that litigation to recoup funds could take “around five years”.

06 April 2022

Fintechs should invite the regulators in

Tony Brown, head of compliance and money laundering reporting officer of IFX Payments, argues that regulatory staff need to be upskilled to make regulation work for the fintech industry.

23 March 2022

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