Robert Hockett

Large US regional banks face being hit with G-SIB resolution rules

The Fed and the Federal Deposit Insurance Corporation are mulling stronger living wills for large banks after a bank reportedly hit the skids a year ago.

Val Wotton

Swaps industry gears up for reporting 2.0 ‘nirvana’

The over-the-counter swaps market has taken a major step towards a new system of digital reporting that promises to vastly improve regulatory data quality and deliver big efficiencies to participants.

BLM Mairead McGuinness

EU might be prepared to take more lenient approach over location of euro clearing

A draft EU document has been circulated among users of euro clearing services suggesting that the European Commission might have subtly shifted its position on moving the activity out of London and into the bloc. 

Jenny Merriman

COP15: central banks join fight to save biodiversity

Financial regulators converge on COP15 in Montreal on December 7-19 determined to push nature loss high up the supervisory agenda. How far will they go to establish rules for biodiversity that replicate the scenario-based stress tests and disclosure regimes coming into place for climate change?

Lily Fang

FTX failure: can regulators save crypto from itself?

Harry Potter, wood nymphs and vapourware all featured in a complex story that saw the worst failure so far in crypto leaving many in the industry begging for more regulation.

FCA reception

Questions loom over FCA’s ability to regulate big tech

The UK’s Financial Conduct Authority is taking a greater interest in big tech’s foray into financial services. However, there are concerns over whether it has the capabilities to oversee an increasingly complex and rapidly evolving sector.

GET Houses of Parliament

UK parliament warned of inadequate NBFI oversight

Too little attention is being paid to non-bank financial institutions as risks have built up in the financial system following the dramatic pivot away from ultra-low interest rates and resurgent inflation, a UK parliamentary committee was told.

Singapore skyline

Singapore paves way for ‘differentiated’ stablecoins

The Monetary Authority of Singapore (MAS) has published new proposals for the regulation of stablecoin issuers and intermediaries, in a move that underscores the city-state’s intent to become a global leader in the sector.  

GET quantum computing

The quantum threat to financial services

Quantum computers could pose an existential threat to the heavily used encryption solutions that underpin the internet, including activities such as online financial services, which could see bank accounts drained in a flash.

GET greenwashing

Regulators get tough on misleading ESG claims

Global regulators are cracking down on companies’ misleading environmental and sustainability claims, known as “greenwashing”, with a flurry of new initiatives to tackle the problem.

GET Michael Barr

Fed gears up to ensure banking system can withstand new threats

US banks face threats that barely existed or were not even thought of five to 10 years ago, said Michael Barr, vice-chair for supervision at the US Federal Reserve, who is nonetheless confident that banks are well capitalised enough to withstand the current challenges.

ESMA’s Verena Ross discusses the authority’s work on ESG, digitisation, data, benchmarks and cooperation with third countries