As the prospects for the US economy darken, the stress test results published on June 23 show systemically important banks are able to swallow substantial losses if a recession materialises.

The unique product identifier looks set to launch from late next year as major jurisdictions are managing to stay on track.

Driving interoperability between identifiers to improve transparency in digital asset markets is one of the top priorities for the Association of National Numbering Agencies. 

Soaring inflation, volatile markets and deep economic uncertainty have resurrected fears that the eurozone is being stalked by another crisis, though not all share that view.

Changes in the way the US Federal Deposit Insurance Corp (FDIC) handles supervisory appeals has generated a backlash from the industry which accuses the agency of having proceeded without proper public comment or notice. 

UK mortgage affordability test requirements by lenders will be scrapped by the Bank of England (BoE) from August 1 in a move that has raised concern in some quarters, though the loan to income (LTI) ratio limit will remain. 

Credit Suisse is no stranger to controversies. Over the last decade, official investigations and leaks to journalists have revealed the bank’s facilitation of suspect activities, from tax fraud and secret loans to forex manipulation and money laundering. By Max Heywood, head of public sector at Elucidate

The US treasuries market remains vulnerable to more dysfunctional episodes as crises are happening more often which is heaping pressure on policy-makers to find structural fixes.

A fiery debate has kicked off about how much the financial sector should worry about climate risk and the legitimacy of using prudential tools to achieve climate goals. The European banking regulator advises caution. 

The pandemic has prompted the EU to review its regulatory toolbox for keeping the bloc’s financial system on a steady footing, but critics say the EBA’s suggestions merely tinker around the edges.

Companies listed in the US will face one of the most exacting climate-related disclosure regimes in the world if the Securities and Exchange Commission gets its way, and there are already concerns that it goes too far.