Topic: Risk governance

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

What’s next for the SRM?

The European Union’s Single Resolution Mechanism should expand its focus beyond G-SIBs, the governor of the Bank of France has told the annual conference of the SRM’s institutional hub – but how exactly would that work?

26 September 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

MAS slaps extra capital requirements on OCBC over scam response failings

The second largest bank in Southeast Asia has been ordered to raise its regulatory capital over following criticism from Singapore’s regulator of its scam response.

01 June 2022

EBA proposes new disclosure standards for NPL sales, while reviewing national supervision

The EU has proposed new data exchange requirements for selling non-performing loans.

19 May 2022

Financial services licensees need to manage cyber risk, Australian court rules

An Australian court has ruled for the first time that cybersecurity risks should be included in financial service licensees’ risk management obligations.

16 May 2022

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