The BCBS agreed to continue assessing bank use of AI/machine learning, finalise a crypto framework by year-end, and develop measures to address climate risks.
September 16, 2022Planned tax cuts will benefit banks. The FCA, PRA and PSR may be merged. China may be declared a threat to national security.
September 6, 2022In its latest corporate plan, APRA said its focus is to 'protect the community today' and ensure the financial system is 'prepared for tomorrow'.
August 15, 2022Several banks have already exhausted their quotas and are no longer accepting new loan applications. The SBV has so far refrained from granting additional quotas.
August 15, 2022The pandemic and recent inflation have heightened credit risk concerns. Supervisors have observed higher-risk and deficient lending practices.
August 8, 2022Robinhood Crypto had inadequate staffing of its AML programme, transaction monitoring deficiencies, and noncompliant cybersecurity policies.
August 5, 2022Bangladesh has sufficient FX reserves for over five months of imports, providing some cushion. It has also taken measures to address its falling FX reserves.
August 3, 2022Securities firms will be exempt from a requirement to hold collateral worth at least 140 percent of the value of each stock purchase to provide credit to customers.
July 5, 2022The FSB expressed concerns over the outlook for financial stability, volatility in commodity markets, and strains in crypto-asset markets.
July 4, 2022The SME-focused Judo Bank is the only neobank in Australia which continues to run independently after listing on the ASX last year.
June 30, 2022