Topic: Risk governance

EU regulators step up SREP for investment firms

Two EU regulators have outlined their plans for investment firms’ supervisory review and evaluation process, including a new scoring system for EU banks and additional own funds requirements.

22 November 2021

EBA warns banks not to overcomplicate models with machine learning

The European Banking Authority has warned banks not to construct unnecessarily complex internal models, as it outlines the ways they may be able to use machine learning for their internal risk quantification assessments.

11 November 2021

Credit Suisse retrenches following Archegos and Greensill debacles

Credit Suisse has announced plans to draw back from its hedge fund financing activities to focus on private banking and wealth management, following a year that has seen it burned by both the Archegos and Greensill collapses and a set of regulatory interventions.

04 November 2021

UK firms “not fully aware” of AML requirements as FCA cracks down

Almost one in ten UK-based firms are not completing key financial crime risk assessments and do not have the necessary resources and staff to cope with impending reporting requirements, a report has found.

24 August 2021

“Persistent failure”: Paul Weiss report shows how Credit Suisse overlooked Archegos risks

Credit Suisse exercised a “persistent failure” to manage and remediate identified risks associated with Archegos Capital before its eventual collapse, according to an independent external investigation conducted by Paul Weiss.

29 July 2021

Greensill and Archegos losses prompt Credit Suisse class action

Credit Suisse is facing a proposed class action in New York, over allegations it hid defects in its risk policies so it could extend excessive leverage to trade finance provider Greensill and family office Archegos Capital.

21 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

OCC faces blowback for “fair access” proposal

The US Office of the Comptroller of the Currency is facing stiff opposition from the banking industry to a proposed rule that would compel banks to lend to socially undesirable companies such as the fossil fuel and arms industries, as the “unusually compressed” comment period for the proposal ends.

08 January 2021

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