Banks question role of ‘three lines of defence’ model for risk management

Risk management models such as the three lines of defence might be losing their effectiveness for banks following the avalanche of new rules and different ways of operating since the global financial crisis. By Todd Partridge, vice president of product marketing at Synchronoss.

Committee members fail to sign off on Basel III at June meeting

Though differences appear to have narrowed over proposed constraints on internal risk model used by banks, members of the Basel Committee are still struggling to sign-off on the Basel III framework.

FSB scrutinising fintech risks

Fintech is growing rapidly and steadily permeating every facet of the financial system, leading the Financial Stability Board to scrutinise the sector for potential systemic risks.

FSB's climate change task force issues recommendations

The Task Force on Climate-Related Financial Disclosures released a set of recommendations for carbon emitters and a framework to help investors, banks and insurers evaluate climate-related risks.

Global regulators consult on stress testing CCPs

As part of the G20 reform agenda, global regulators are consulting on a stress testing framework for central counterparty clearing houses.

FSB warns G20 leaders over regulatory fatigue

FSB chair Mark Carney warns G20 leaders not to give into regulatory fatigue and endanger the "immense progress" that has taken place on financial reforms.

IOSCO investigates order routing incentives

IOSCO has conducted a survey of its members to see how they manage conflicts of interest around order routing and best execution requirements.

IOSCO issues report on identifying wholesale market misconduct

IOSCO sets out ways of identifying and addressing market misconduct in a new report.

Global regulators seek feedback on OTC derivatives data

Global regulators launch consultation on driving common data standards for the over-the-counter derivatives market.

Basel Committee tells G20 of good implementation progress

June was a hectic month for the Basel Committee on Banking Supervision as it reported on implementation progress ahead of the July 7-8 G20 meetings and published several other reports.

By continuing to use this site you consent to the use of cookies on your device as described in our cookie policy unless you have disabled them. You can change your cookie settings at any time but parts of our site will not function correctly without them.