43% of third parties do not receive due diligence checks, and 62% of respondents do not know the extent to which third parties are outsourcing work.
There are trade-offs between expecting FIs to enhance or adjust their cyber resilience and AML frameworks, versus avoiding excessive burdens that could hinder the delivery of key financial services.
Some CCP margin models underestimate market volatility because they rely on a short period of historical price movements from tranquil times, the paper says.
More global coordination is needed to foster change in methodologies and mindsets to deal with global green swan risks, says a new BIS paper.
Banks, insurers and asset managers are increasingly making use of non-financial metrics and better data to assess compensation policy effectiveness and align compensation with risk.
In its latest annual Compendium, Starling draws on survey findings and commentary from regulators to identify ten culture and conduct trends in the banking sector.
A review of academic research shows that it "almost unanimously" points towards short-selling bans being disruptive for the orderly functioning of markets.
Australia, New Zealand, China, Japan are among the nations that have received the lowest scores on tax settings and regulatory regimes for the managed funds industry, according to a new Morningstar study.
Regulatory burden on banks and technological improvements are likely the two most important factors behind shadow bank growth, a new paper says.
The findings suggest that government policy to promote electronic payments may have to address fundamental concerns about privacy and confidence in financial institutions.