Topic: Risk governance

EBA toughens up its stress test

The European Banking Authority has launched its biennial EU-wide stress test, which it says is its toughest to date and which experts say is even tougher than expected.

02 February 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

BaFin hits Standard Chartered again with extra capital requirements

For the second time in three months, Germany’s financial regulator has imposed capital measures on Standard Chartered for what it calls flaws in the bank’s business organisation.

04 January 2023

TSB accepts “eye-watering” penalty over botched IT migration

UK bank TSB has accepted an eight-figure fine for operational risk management and governance failures connected to an IT migration following its takeover by Spanish banking group Sabadell, labelled a "stark reminder of the consequences of badly-executed change".

21 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

Convergence on climate: Fed’s guidance mirrors OCC and FDIC

The Federal Reserve has emphasised consistency with other US regulators in its draft guidance for big banks’ climate-related risks, with an emphasis on scenario analysis.

08 December 2022

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

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