Reporting and GovernanceRSS

US regulators working on climate change guidance for banks

Large US banks should soon receive regulatory guidance on managing climate risk, said acting comptroller of the currency Michael Hsu on September 15. 

SEC whistleblower programme hits $1bn in awards

Following a total $114m pay-out to two informants, the US Securities and Exchange Commission’s (SEC) whistleblower programme has hit a milestone, having paid out $1bn in awards. 

Shipping containers

UK banks wrapped over the knuckles on trade finance

UK regulators sent a strongly worded letter to bank chiefs to improve their practices around trade finance following a string of criminal actions leading to hundreds of millions of pounds in losses for individual firms. 

FDIC announces tech sprint to analyse resilience of US banks

On August 16, enrolment for a tech sprint, likely to last two to three weeks, was announced by the Federal Deposit Insurance Corporation (FDIC) to figure how resilient the banking sector is to major disruptions. 

Fitch Ratings warns banks over systemic cyber events

Cyber attacks are a material risk for US banks as an incident can have many repercussions well beyond the immediate remediation measures and even spread to other banks with potentially devastating consequences.

Alex Dorfmann

Should banks be spending big on tech projects?

Looking at recent earnings for banks such as JP Morgan and Goldman Sachs, you would be mistaken for thinking the good old days of gangbuster returns are back for bankers. Despite lower returns on trading, the M&A boom has been good for the industry’s hottest dealmakers. With all that cash, how should they be deploying it? By Alexander Dorfmann, senior product manager at SIX

William Nichols

Central banks stretch their mandates to protecting ‘natural capital’

Buoyed by their apparent progress on framing financial disclosure measures to combat climate change, the world’s central banks and financial regulators have embarked on an equally ambitious initiative to stem biodiversity loss. This marks a profound shift for central banks, placing protection of ‘natural capital’ squarely within their once tightly drawn financial stability mandates. By Victor Smart

GET-Blind justice 563960359

Fair enough? Justifying fair use of data in credit risk

The decision on whether to grant a loan to a given customer is an important one for society in general, but one that has with considerable consequences for the individual. 

David Strachan

Systemic big tech may face regulatory threat

The Bank for International Settlements is stepping up its warnings around potential risks stemming from big tech firms moving into financial services, leading some industry sources to ponder whether this is a prelude to a regulatory clampdown. 

FINRA finds broker-dealers gravitating towards cloud computing to improve efficiency

Broker-dealers have taken a variety of approaches in terms of their use of cloud computing as they seek to improve their efficiency and flexibility, said the Financial Industry Regulatory Authority (FINRA) in a report.