Central to success is a high level of commitment to a “digital first” strategy, both from the regulatory community and the wider industry.
September 25, 2022The final phase of UMR implementation brought into scope approximately 800 firms, including many more buy-side firms than in previous phases.
September 6, 2022No further action will be taken against former senior managers of HBOS, which collapsed in 2008 during the height of the 2008 global financial crisis.
August 31, 2022The BOE said it found shortcomings in resolution plans prepared by HSBC, Lloyds Banking Group and Standard Chartered.
June 17, 2022A third data gaps initiative has been proposed, to address data gaps relating to climate change, fintech and financial inclusion, among other things.
June 10, 2022The average NPL ratio at Thai banks will likely rise to 6% next year, the highest level since the 2009 GFC, S&P Global Ratings says.
September 23, 2021The BIS compares the ESG boom to railroad stocks in the mid-1800s, internet stocks during the dotcom bubble, and MBS during the GFC.
September 22, 2021The benefits of a centralised valuation engine for derivatives portfolios have become more apparent for banks amid the pandemic and as the final Basel requirements loom.
July 28, 2021Corporate bankruptcies are expected to rise as credit support measures are wound back, some sectors downsize, and firms run out of liquidity buffers.
March 2, 2021Many central banks have undertaken initiatives to develop big data platforms to facilitate storage and processing of large data sets, but progress has varied.
February 22, 2021