EuropeRSS
Bill Hwang

ESMA calls for framework to better detect ‘Archegos’ like risks

The 2021 collapse of the family office Archegos Capital Management prompted the European Securities and Markets Authority (ESMA) to recommend creating a framework enabling supervisors to better monitor risks related to derivatives.

Sam Woods

UK financial firms face huge climate-related losses

Climate change could inflict huge credit losses on financial firms according to the Bank of England’s latest stress tests, although these would still be manageable for the industry.

ESMA predicted to get tough on reporting failures

Financial firms are being warned that the European Securities and Markets Authority (ESMA) is losing patience with poor quality reporting and is likely to increasingly resort to penalties to address the problem. 

FCA floats idea of simplifying UK listing regime

Companies listing on the UK stock market would only need to meet one set of criteria with the option to opt into further obligations, according to a proposal from the Financial Conduct Authority (FCA), which is aiming to make the country’s listing regime more attractive.

Linda Middleditch

EBA seeks more evidence before deciding on treatment of climate change in prudential framework

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. 

EBA

EBA’s prudential review seen as too shy

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.

PRA doubles down on financial operational resilience

As the deadline for UK financial firms to implement full operational resilience measures looms, a director at the Prudential Regulation Authority (PRA) indicated that the regulator is going to get tougher on compliance  

FINMA consults on complete revision to its operational risk requirements

The Swiss authorities are consulting on a complete revision to their circular 2008/21 covering operational risks for banks with a particularly strong emphasis on IT, the handling critical data and cyber risks.

James Busby

How new UK national security laws could influence bank lending

It will take several months for a clear picture to emerge as to how the behaviours and practices of participants in the M&A market have changed in the wake of the National Security and Investment Act 2021 coming into force on January 4, 2022.

Mark Somers

Assessing the credit capacity of small businesses based on climate change factors

Climate change represents a material, but often hidden risk, to the business models of many Small and Medium-sized Enterprises (SMEs). At the same time, these organisations are critical to achieving the UK's carbon targets.