EBA flags ongoing European banking struggles with transformation

The outlook for European banks appears to be on the slide again, notwithstanding that most are well capitalised, but if left unchecked this trend could present major challenges for regulators

Data risk

EBA identifies four pillars in its big data guidance

In a bid to increase competitiveness, banks are racing to make better use of big data, which is prompting supervisors to take greater interest in the potential risks related technologies might produce.

More than 1000 firms applied for TPR ahead of Brexit

London looks set to remain the financial services capital of Europe as the UK charts its post-Brexit future with 1000 EU firms planning to open new offices in the country, according to consultancy Bovill. 

BIS expands membership with three new central banks

The Bank for International Settlements (BIS) is broadening its emerging market membership by inviting the central banks of Kuwait, Morocco and Vietnam to join. 

Carney appointed as adviser to UK prime minister for COP 26

Bank of England governor Mark Carney has been appointed as a finance  adviser to UK prime minister Boris Johnson as part of the country’s commitment to the UN Climate Change Conference (COP 26) in an effort to drive sustainable financial system to support the transition to a net zero carbon economy.

Shadow banks' pace of growth slows substantially

Under a narrow measure, shadow banks grew their assets by 1.7% to $50tn last year, significantly slower than the 2012-17 average annual growth rate of 8.5%, said the Financial Stability Board (FSB). 

FSOC rebuked over characterisation of non-bank mortgage companies

In a rebuke of the Financial Stability Oversight Council’s (FSOC) characterisation of non-bank mortgage companies as a threat to financial stability, consultant Christopher Whalen wrote that their riskiness is overstated. 

CECL to have limited impact on US banks

The large listed US banks will see a limited impact on their loan loss reserves from the new Current Expected Credit Losses (CECL) accounting standard, according to an analysis of banks' third quarter 2019 preliminary estimates by Moody's Investors Service.

Guy Warren

Why some challenger banks have failed on operational resilience

Challenger banks were once widely seen as having an edge on traditional banks as they enjoyed the latest technologies. But to some extent those views are being revised following a spate of operational failures by this new breed of bank 

Rupert Brown

Regulatory breaches: making the case for the defence

The ever growing volumes of regulation means there are more ways than ever for firms to get caught out. One way to mitigate the fall out from regulatory breaches is to carefully document how firms make their decisions