Non-bank financials continue to drive global credit growth, says BIS

Whereas cross-border bank credit continues to shrink, overall credit growth continues to be supported by non-bank financial institutions.

CFTC threatens EU institutions' US market access over CCP oversight

CFTC chair threatens EU with blocking access to US clearing facilities if EU does not relent on some of its proposals for overseeing overseas clearing houses

Mark Turner

Stress testing comes of age as Basel Committee issues update

Basel Committee issues nine principles for stress testing banks reflecting the growing importance of the exercise for detecting emerging vulnerabilities

Basel Committee slams ‘window dressing’ behaviour by banks

Basel Committee warns that it is considering further measures to drive compliance with the leverage ratio following spats of market volatility related to bank 'window dressing'

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Fast-paced markets test central bank supervisory capabilities

The commoditisation of data and the electronification of financial markets has led to new types of trading, which are increasingly challenging central bank mandates over managing areas such as monetary policy, a BIS report warns. By Dan Barnes

Charlie Browne

Basel Committee proposes new ways for leverage ratio treatment of client cleared derivatives

Basel Committee proposes two possible ways for offsetting margin for client cleared derivatives for the leverage ratio, but says it is up to the industry to come up with compelling evidence to justify a change

FSB plenary members highlight vulnerabilities to the financial system

In a meeting of FSB plenary members there was a consensus that though global economic growth remains robust, there are potential vulnerabilities around interest rates and debt sustainability

Tony Rooke

Climate change rises to become a systemic risk

Financial risks relating to climate change are rapidly becoming an important consideration within banks thanks to the TCFD, whose recommendations are starting to drive change in lending policies. By Justin Pugsley.

ANNA sets up benchmarks task force to help develop identification codes

The Association of National Numbering Agencies is working with benchmark administrations to find ways to help with market adoption of identification codes

For sale sign

A rise in NPLs is not necessarily just down to fast credit growth

Rapid loan growth has turned out to be a good indicator regarding non-performing loans later on and is a warning for countries that have experienced fast credit expansion recently. But this relationship doesn’t have to hold true, as Justin Pugsley reports.