News
August 15, 2023
Operational risk ‘incidents’ surge 26% because of AI and low-risk fraud
Generative AI has contributed to the highest number of operational risk “incidents” since 2017, according to ORX. Data from the...
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August 15, 2023
New SEC cyber security rules likened to banks ‘airing dirty laundry in public’
US banks have bitterly complained over new cyber security rules from the Securities and Exchange Commission - claiming that a...
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August 14, 2023
Three lessons for compliance managers on chat app snafus
Loose talk on WhatsApp can cost your employer millions. A Securities and Exchange Commission investigation into “off-channel” communications has wreaked...
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August 10, 2023
Capital hikes threaten to upend banks’ business lines
Proposed changes to US capital requirements will threaten the “business viability” of certain banking units, experts say. The warning follows...
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August 7, 2023
A perfect storm: Europe’s banks in the crosshairs of cyber attacks
The war in Ukraine, rapid digitalisation of banking services and shifts in underlying IT systems are making European banks a...
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August 3, 2023
US supervisors told to get their ‘green’ houses in order
The Financial Stability Oversight Council, a forum of US regulators, has urged supervisors to collaborate better and faster on proposals...
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US banks eye up ISSB ‘green guidelines’ amid SEC delays
New voluntary sustainability standards could become the default option for purpose-led US banks – in the teeth of ongoing delays...
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July 31, 2023
Nature risk moves up the regulatory agenda
A consortium of central banks is working behind the scenes on building out scenarios for stress testing in an effort...
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July 4, 2023
PRA warns banks of potential US downturn
A senior figure at the UK prudential regulator has told banks to be wary of current positive economic forecasts, particularly...
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June 28, 2023
Europe’s banks face night time T+1 blackouts
European banks are snapping up overnight staff to avoid settlement “hotspots” flaring up across Europe, as they grapple with the...
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June 26, 2023
Afme survey: EU banks overshoot climate stress test demands
European banks are running climate stress tests more often than mandated amid concerns that the regulator’s existing tests underestimate the...
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