News
September 26, 2023
Australian regulators pressure banks to beef up cyber security
The Australian Securities and Investments Commission is cracking down on company board members for lapses in cyber security, after hacks...
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New standards for nature risk reporting
Nature is a “core, strategic risk management issue alongside climate change”, a world-leading standard-setter has declared. The Taskforce on Nature-related...
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September 18, 2023
South Korean banking overhaul met with scepticism
Ambitious plans to tackle South Korean banks’ vulnerability to credit risk are unlikely to work, and may even trigger a...
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September 12, 2023
ECB: Europe's banks 'failing to consider climate risk'
Most European banks are “insufficiently considering” climate-related risk in their credit assessments, according to a member of the European Central...
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September 11, 2023
Draft Italian law raises fears over NPL market
Italy’s parliament is discussing a draft law that could impair the ability of the country’s banks to shed bad loans,...
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September 7, 2023
'Big tech let off the hook' over social media fraud
UK banks want to share fraudulent transaction data with big tech firms – in the ongoing battle to make big...
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September 7, 2023
Living wills proposals met with dismay by large US banks
Plans by US regulators to impose “harmful” long-term debt obligations on large banks have come under attack from industry bodies....
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September 6, 2023
Hong Kong undergoes 'entire market rethink'
Hong Kong is revamping financial market rulebooks, creating new investment corridors with China, and capitalising on deep offshore renminbi liquidity...
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September 5, 2023
European banks given warning of further ‘shocks’
A double warning from the European Central Bank and the Financial Stability Board has given European banks notice that they...
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Singapore stablecoin rules to serve as ‘blueprint’ for APAC
Singapore is introducing licensing and reserve asset requirements for stablecoin issuers, under a new digital asset framework that fires the...
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September 4, 2023
Risk management think tank expands to the Americas
The European Risk Management Council is spreading its wings with the launch of its American arm in New York, creating...
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