Reporting and GovernanceRSS
Marshall Choy

How AI can help banks minimise their exposure to fines and penalties

AI is transforming risk management across all areas of financial services, demonstrating measurable risk impacts in credit, portfolio, market, fraud and underwriting.

FINMA tells banks to establish frameworks for managing climate risk

Banks and insurers operating in Switzerland are expected to establish frameworks for managing climate risk based on established practices and relevant to their individual businesses.

ESMA advises use of DTIs as part of its digital asset reporting pilot

Market participants are being advised to use digital token identifiers (DTIs) by the European Securities and Markets Authority (ESMA) in relation to its reporting pilot for digital assets.

Hester Peirce

SEC climate disclosure rules unlikely to be effective, suggests commissioner

With the US Securities and Exchange Commission (SEC) due to publish its final climate disclosure rules in April this year, commissioner Hester Peirce shares her views about its proposed approach in an exclusive interview with Global Risk Regulator.

Federal Reserve Board issues 'level playing field' policy statement, addressing uninsured state banks discrepancy

The Federal Reserve Board (FRB) has published a new policy statement “to promote a level playing field for all banks with a federal supervisor, regardless of deposit insurance status”, prompted by queries from state member banks about undertaking new activities, in areas such as crypto assets.

Sassan Danesh

DSB to detail UPI work timelines in March

The Derivatives Service Bureau's unique product identifier aims to help regulators track potential systemic risks within the OTC derivatives market. 

David E Rutter

Crypto must get to grips with its high-risk culture

Following a year of price drops, job losses and bankruptcies, many in the crypto industry were hoping for a calm end to 2022. But then came the spectacular FTX fallout and a flurry of criminal fraud charges against its former chief executive, Sam Bankman-Fried, making corporate culture a hot topic once again.

GET digital supply chain

Banks probe deeper into their supply chains to keep regulators onside

Discussions around operational risk are rippling further down bank supply chains due to regulators taking more interest in resilience as digitisation gains momentum. However, there are concerns that not enough attention is being paid to future proofing risk management.   

US lenders increasingly concerned about regulatory compliance

The pace, scope and volume of regulation and complying with it were revealed to be among the top concerns for US lenders, according to the latest regulatory and risk management survey by information services firm, Wolters Kluwer.

James Alexander, UKSIF

Global taxonomies battle risks undermining green finance

Dozens of countries have embarked on developing their own sustainable taxonomies. Many use the ground-breaking, if flawed, EU taxonomy as a template. What degree of interoperability will emerge from these varying standards and how does the US, an outlier, fit in?