French and Dutch securities regulators are pushing for tougher standards for environmental, social and governance data in the fight against greenwashing, but critics fear burdensome reporting will stifle innovation in the race against climate change.
March 2020 volatility sparks debate over clearing house initial margin models
ISDA is pushing financial regulators to scrutinise margin models at clearing houses after Covid-induced market volatility last spring sent initial margins through the roof, while CCPs sound a note of caution.
Shadow banks face tougher rules following Covid-induced volatility
Global regulators have long kept an eye on the shadow banking sector from afar and warned that it may be a source of systemic risk, but the pandemic-driven market turmoil in March was a tipping point. The Financial Stability Board is now calling for firm action to “strengthen the resilience of non-bank financial intermediation”.
FSB treads fine line on CCP resolution issue in final guidance
Clearing house members have cautiously welcomed the latest FSB guidance on CCP resolution, which contained few surprises, but argue it should go even further.
BIS advises: “go slow on algos”
The Bank for International Settlements warns of “new risks and challenges that warrant close monitoring” in foreign exchange algorithmic trading, as well as other fast-paced, electronic markets.
Can the ECB’s bad bank idea work?
The chair of the European Central Bank’s supervisory board, Andrea Enria, is pushing for a eurozone ‘bad bank’, but faces stiff opposition and scepticism from politicians and banking experts alike. By Farah Khalique
BCBS mulls strengthening Basel framework following Covid-19 impact
The financial impact of the Covid-19 pandemic on banks could see the Basel Committee on Banking Supervision review parts of the Basel framework, with the BIS’ Agustín Carstens offering some clues as to where tweaks might be made.
Banks gear up for tougher stress tests
Covid-19 and climate change are sending supervisors back to the drawing board when it comes to the design of stress tests to ensure banks are fully prepared for an increasingly uncertain future
Banks can weather the pandemic storm
Analysts are confident that most banks can cope with the economic impact of a second wave of the Covid-19 pandemic, but they warn that losses could nonetheless pile up
Wirecard: where did it all go wrong?
The dramatic collapse of Wirecard, once one of Europe’s leading fintechs, has left in its wake wide-ranging questions around supervision and the role of Germany’s regulator, BaFin
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