The Office of the Comptroller of the Currency is hinting strongly that it wishes to break up the biggest US banks yet, for now, is still readily approving meaty bank mergers.
Resolution and Recovery
FSB urges authorities to firm up CCP 'living wills'
The Financial Stability Board is close to finalising a new consultation on financial resources for recovery and resolution at clearing houses, after warning authorities to speed up resolution plans for these growing behemoths. By Farah Khalique
FSB concerned about CCP and insurer resolution risks
Urgent work is needed to plug holes in global financial regulatory frameworks to stave off a potential crisis emanating from a failing international systemic clearing house or insurer, the Financial Stability Board (FSB) warned.
Large US regional banks face being hit with G-SIB resolution rules
The Fed and the Federal Deposit Insurance Corporation are mulling stronger living wills for large banks after a bank reportedly hit the skids a year ago.
US regulators seek to spruce up resolution rules as banks grow in size
Feedback is being sought by US prudential regulators over proposals to enhance their ability to resolve big banks following a considerable increase in their size, which could include the use of a long-term debt requirement.
Stabilised Swiss unit of Sberbank allowed to repay non-sanctioned creditors
The Swiss subsidiary of Sberbank was allowed to settle claims with non-sanctioned creditors by the Swiss Financial Market Supervisory Authority (FINMA), which said the Russian-owned bank had improved its financial stability.
Agencies delay feedback on G-SIB resolution plans
Global systemically important banks (G-SIBs) are going to have to wait longer to receive feedback on their 2021 resolution plans as the agencies need more time to analyse them.
Resolution plans of UK’s largest banks require more work
HSBC, Lloyds Banking Group and Standard Chartered have failed to completely convince UK regulators that they could fail in an orderly fashion without disrupting their customers.
US, UK and EU authorities discussed resolving G-SIBs
On April 23, the heads of resolution, regulatory and supervisory authorities, central banks, and finance ministries of the US, UK, and EU met for a regular coordination exercise on cross-border resolution planning, the Federal Deposit Insurance Corporation (FDIC) said in a statement.
Russian-owned bank failures overshadow EU resolution review
The winding down of the European operations of Russian banks could end up costing EU banks and may also influence the current review of the bloc’s bank resolution framework.
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