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Lexology PRO | USA | 15 May 2023
US Fed’s Bowman pushes back on calls for post-SVB capital requirements hike
A Republican member of the Federal Reserve Board of Governors has called for more formal remediation measures against recalcitrant banks as shifts in management make informal “moral suasion” less effective – but called on her regulatory colleagues not to use this year’s high-profile bank failures as a “pretext” for pushing wider reforms.
Lexology PRO | Canada, European Union, Ireland, etc. | 17 Apr 2023
ECB should focus on qualitative measures, SREP expert panel says
The way the European Central Bank does bank supervision may be set to change, after it accepted an external panel of international banking regulators’ recommendations that it refocus move away from its focus on capital towards qualitative measures tackling weak business models, and that it reform its risk scores and its process for determining Pillar 2 capital requirements.
Lexology PRO | USA | 3 Apr 2023
Biden calls for rollback of Trump-era capital and liquidity requirements
The Biden administration has asked federal regulators to reverse what it calls the “weakening” of large regional bank supervision by their Trump-era predecessors, blaming the previous administration’s deregulatory agenda for last month’s bank collapses.
Lexology PRO | United Kingdom | 29 Mar 2023
Capability and regime gaps creating uncertainty over climate risk capital buffers, Bank of England says
The Bank of England has raised the alarm over the potential for firms to miscalculate the capital needed for future climate-related loses amid the difficulties in estimating climate risks.
Lexology PRO | European Union, United Kingdom | 16 Mar 2023
Financial services: key UK & EU compliance updates (10 – 16 Mar)
HSBC buys SVB’s UK branch, the UK FCA finds flaws in high-growth businesses’ risk management frameworks, and EU authorities call for a climate stress test – plus other key updates.
Lexology PRO | European Union | 31 Jan 2023
“Complex and costly” regulation holds back EU growth, industry body says
A review of the current capital requirements and supervisory processes could provide capacity for approximately €4 trillion in additional bank lending, a study conducted by banking lobby group the European Banking Federation suggests. The European Central Bank disagrees.
Lexology PRO | European Union | 30 Jan 2023
EU: ECON passes Basel implementation package with consolidated output floor
CORRECTED: A key EU parliamentary committee has accepted adaptations to the final Basel III implementation, and opened the door for a potential future dedicated prudential framework that could include a “one-for-one” capital treatment for crypto and fossil fuel financing.
Lexology PRO | Germany | 4 Jan 2023
BaFin hits Standard Chartered again with extra capital requirements
For the second time in three months, Germany’s financial regulator has imposed capital measures on Standard Chartered for what it calls flaws in the bank’s business organisation.
Lexology PRO | United Kingdom | 8 Dec 2022
UK’s Basel III implementation to “improve” on global standard
The Bank of England’s prudential policy director has warned the UK’s implementation of Basel III will mean “significant changes” for risk weighting, but said the UK’s implementation would avoid what he implied was the “excessive conservatism” of the global standard.
Lexology PRO | USA | 6 Dec 2022
CFTC chair defends FTX record and asks for more powers
CFTC chair Rostin Behnam has defended his agency’s handling of the FTX debacle before the US senate, calling on it to grant him the statutory authority to oversee crypto firms he said would have averted the collapse.
