Topic: Bank regulation

“Complex and costly” regulation holds back EU growth, industry body says

A review of the current capital requirements and supervisory processes could provide capacity for approximately €4 trillion in additional bank lending, a study conducted by banking lobby group the European Banking Federation suggests. The European Central Bank disagrees.

31 January 2023

EU: ECON passes Basel implementation package with consolidated output floor

A key EU parliamentary committee has accepted adaptations to the final Basel III implementation, and opened the door for a potential future dedicated prudential framework that could include a “one-for-one” capital treatment for crypto and fossil fuel financing.

30 January 2023

OCC’s Hsu threatens escalation against “too big to manage” bank repeat offenders

Acting US Comptroller of the Currency Michael Hsu has said decomplexifying “overgrown” and mismanaged banks is the only solution to “too big to manage” situations – warning of growth restrictions and divestiture orders for repeat offenders.

19 January 2023

What’s in store for 2023? Part three: regional issues

Some of the regulatory issues banks will face in 2023 cut across borders, but not all. In this final part of GBRR’s examination of the year to come, we asked practitioners in the US, UK, Singapore, and Hong Kong how local issues will play out over the next 12 months.

18 January 2023

Are OCC’s revised fair lending guidelines “fair enough”?

The US Office of the Comptroller of the Currency has updated its fair lending guidelines following a critical GAO report last year – but it’s not clear the revisions will satisfy the critics.

17 January 2023

PRA prioritises operational resilience for 2023

As the UK’s prudential regulator publishes supervisory priorities with an “unprecedented focus” on the banks’ technological side, practitioners tell GBRR that banks might be faced with challenges in keeping up with the scale and pace of change.

12 January 2023

Basel Committee’s “final” crypto exposure standards not the final word, practitioners say

The Basel Committee has released its long-awaited new prudential standard for banks with crypto exposures, but practitioners predict the committee will have to revisit the standard before long as new products develop.

20 December 2022

EU makes its CCP play

The European Commission has announced its plans to reduce the EU’s dependence on UK-based central counterparties, introducing a requirement that all market participants clear “at least a portion” of their derivative contracts at EU-based CCPs, while introducing plans to speed up the approval process for EU-based providers.

13 December 2022

Ending the year on a high: FCA hands Santander nine-figure fine for AML faults

The FCA has landed its highest fine of the year against Spanish bank Santander’s UK arm, over failures in its customer due diligence and transaction monitoring.

09 December 2022

UK’s Basel III implementation to “improve” on global standard

The Bank of England’s prudential policy director has warned the UK’s implementation of Basel III will mean “significant changes” for risk weighting, but said the UK’s implementation would avoid what he implied was the “excessive conservatism” of the global standard.

08 December 2022

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