With the world once again in crisis, this time due to the Covid-19 pandemic, supervisory attention is turning to shadow banks for fear they might be harbouring hidden systemic risks.
Global
FSB monitoring key nodes of financial system to detect stability threats
The Financial Stability Board (FSB) said it is carefully monitoring the key nodes of the financial system and that so far it is more resilient than before and is in a better position to sustain the economy thanks to the G20-inspired reforms.
Government lockdowns make financial firms more vulnerable to cyber-attacks
Forcing vast swathes of the population to work from home has created a whole range of new cyber vulnerabilities, which banks need to be on top of to buttress their operational resilience
Libor reforms are an opportunity for banks to become more client centric
Regulatory demands to phase Libor out of the global financial system has been one of the toughest challenges for banks, yet this could present a silver lining for those willing to take the task head-on
How resilient is your trading infrastructure?
Firms must ensure their trading infrastructure has the capacity to cope in the face of the current soaring volumes
Central bank stimulus needs to go the last mile to reach the real economy
Measures taken by central banks need to travel “the last mile” so they reach individuals and businesses and this bridge is not yet in place, warned Agustín Carstens, general manager at the Bank for International Settlements (BIS).
IOSCO coordinating with regulators over Covid-19 fallout
Regular dialogue and regulatory cooperation to respond to the fallout from the Covid-19 pandemic on capital markets and their infrastructures is taking place, according to the International Organization of Securities Commissions (IOSCO).
Global regulatory banking reforms face first major test
The economic fallout from the coronavirus pandemic is the first major test of the reformed Basel framework. But with more stress to come will it prove resilient and is it likely to be revised again once the crisis passes?
Extreme volatility brings liquidity issues back to the forefront
The markets mostly functioned well during the recent extreme market volatility, but liquidity was highlighted as an issue suggesting that a number of rules may need to be revisited
Banks coping with toughest resilience test yet
Along with the rest of the world, Covid-19 has thrust global banks into crisis mode forcing them to pay close attention to operational issues in a way that they haven’t had to do before
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