Security breaches involving cloud computing highlight the importance of sound security controls and  an understanding of shared responsibilities between cloud service providers and banks, the Federal Financial Institutions Examination Council (FFIEC) said in a statement. 

The Derivatives Service Bureau (DSB) released further information about this year’s consultation with questions around functionality, data enhancement and a proposal related to its dispute resolution process.

In a survey, the Basel Committee on Banking Supervision found that most of its members prefer to address climate-related financial risks within their existing regulatory and supervisory frameworks, but there is still much work to be done.

The Bank of England and the Prudential Regulation Authority welcomed the move by the UK Treasury over its intention to retain the regulators’ temporary transitional power (TTP) for two years after the UK’s transition period with the EU ends.

The Financial Stability Board (FSB) is consulting on guidance around the adequacy of financial resources of central counterparty clearing houses (CCP) in the event of them failing and going into resolution.

The process allowing Singaporean interest rate benchmarks to be used in the EU has been completed following the signing of a memorandum of understanding (MoU) between the authorities of the two jurisdictions.