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.
Regions
Most financial firms have seen compliance costs rise in last five years
The last five years have seen almost 90% of financial firms reporting increased compliance expenditure with one in 10 saying those costs have doubled, according to a survey by compliance tech and data analytics firm SteelEye.
BNP Paribas sees biggest gain from Basel Committee domestic exposures ruling
BNP Paribas has emerged as the main winner among the large banks from the Basel Committee on Banking Supervision’s (BCBS) decision to recognise intra-EU exposures as domestic for calculating global systemically important banks’ (G-SIBs) capital buffers.
Northern Ireland dispute undermining EU-UK financial services co-operation
Regulatory co-operation on financial services between the EU and UK has been undermined by a dispute over the Northern Ireland protocol, according to the House of Lords European affairs committee.
European banks seen extending TLTRO borrowings by another year
European banks are expected to extend their borrowing from the European Central Bank’s (ECB) main liquidity support programme by an extra year due to the central bank’s decision to start tightening monetary policy, said Moody's Investors Service.
ESMA concerns point to likely regulatory focus
Financial markets risks are at their highest level due to the deteriorating geopolitical and economic environment, said the European Securities and Markets Authority (ESMA) in an assessment update on June 9.
Resolution plans of UK’s largest banks require more work
HSBC, Lloyds Banking Group and Standard Chartered have failed to completely convince UK regulators that they could fail in an orderly fashion without disrupting their customers.
Bank of England makes controversial move to scrap mortgage affordability test
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.
Deteriorating economic conditions resurrect eurozone crisis fears
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.
ANNA driving identifier interoperability to improve digital asset market transparency
Driving interoperability between identifiers to improve transparency in digital asset markets is one of the top priorities for the Association of National Numbering Agencies.
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