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UK banks wrapped over the knuckles on trade finance

UK regulators sent a strongly worded letter to bank chiefs to improve their practices around trade finance following a string of criminal actions leading to hundreds of millions of pounds in losses for individual firms. 

Gary Gensler 2021

SEC warns Coinbase over proposed yield product

The US Securities and Exchange Commission has threatened to sue crypto exchange Coinbase if it launches its planned lending product

FDIC announces tech sprint to analyse resilience of US banks

On August 16, enrolment for a tech sprint, likely to last two to three weeks, was announced by the Federal Deposit Insurance Corporation (FDIC) to figure how resilient the banking sector is to major disruptions. 

Fitch Ratings warns banks over systemic cyber events

Cyber attacks are a material risk for US banks as an incident can have many repercussions well beyond the immediate remediation measures and even spread to other banks with potentially devastating consequences.

Alex Dorfmann

Should banks be spending big on tech projects?

Looking at recent earnings for banks such as JP Morgan and Goldman Sachs, you would be mistaken for thinking the good old days of gangbuster returns are back for bankers. Despite lower returns on trading, the M&A boom has been good for the industry’s hottest dealmakers. With all that cash, how should they be deploying it? By Alexander Dorfmann, senior product manager at SIX

William Nichols

Central banks stretch their mandates to protecting ‘natural capital’

Buoyed by their apparent progress on framing financial disclosure measures to combat climate change, the world’s central banks and financial regulators have embarked on an equally ambitious initiative to stem biodiversity loss. This marks a profound shift for central banks, placing protection of ‘natural capital’ squarely within their once tightly drawn financial stability mandates. By Victor Smart

David Shone

Basel Committee draws line under G-SIB methodology

Global banks will be disappointed that the Basel Committee on Banking Supervision appears to be ruling out making any major revisions to the methodology that decides which institutions are classified as global systemically important banks.

GET-Blind justice 563960359

Fair enough? Justifying fair use of data in credit risk

The decision on whether to grant a loan to a given customer is an important one for society in general, but one that has with considerable consequences for the individual. 

President Xi

China’s regulatory crackdowns fray foreign investors’ nerves

Mounting regulatory and political pressures are pulling apart capital markets of the world’s two biggest economies, even as Wall Street firms ramp up their presence in China. 

Jouni Aaltonen

‘Shadow banks’ criticise EBA consultation as “overkill”

The European Banking Authority is consulting on what constitutes a shadow bank for the purpose of reporting large exposures, as the fallout from the Covid-19 pandemic has global regulators assessing the degree to which they should regulate shadow banks.