banking-regulation
Top StoriesECB Criticises New Italian Tax on Windfall Bank Profits
Top StoriesItaly Shocks Banks With 40% Windfall Tax for 2023
Top StoriesSwiss National Bank Calls for New Measures After Credit Suisse Crash
Top StoriesBank of England Launches First Sector-Wide Liquidity ‘stress Test’
Switzerland’s Social Democrats Propose Shrinking UBS – Aargauer Zeitung
Date: May 30, 2023
ZURICH (Reuters) – Switzerland’s Social Democratic Party has drawn up a proposal to shrink UBS assets after its takeover of Credit Suisse, the Aargauer Zeitung newspaper reported. The combined bank will have a balance sheet of around 1.5 trillion Swiss francs – roughly double the size of the Swiss economy, posing enormous risks to the...
Analysis-Powerful Swiss Central Bank Faces Reform Calls in Wake of Credit Suisse Rescue
Date: April 28, 2023
Analysis-Powerful Swiss central bank faces reform calls in wake of Credit Suisse rescue By John Revill ZURICH (Reuters) – The Swiss National Bank is facing calls for an overhaul in its governance, with critics saying too much power lies in the hands of its chairman Thomas Jordan and that more transparency is needed. The SNB...
Swiss National Bank Seeks Banking Regulation Review After Credit Suisse Crash
Date: April 28, 2023
Swiss National Bank seeks banking regulation review after Credit Suisse crash BERN (Reuters) – Swiss banking regulation and supervision must be reviewed following the collapse of Credit Suisse, Swiss National Bank Chairman Thomas Jordan said on Friday, although he warned against “quick fixes.” The central bank played a key role in the state-engineered rescue of...
BoE’s Bailey Says Bank Reforms Worked but Questions About Liquidity Buffers
Date: April 13, 2023
BoE’s Bailey says bank reforms worked but questions about liquidity buffers By Huw Jones (Reuters) -Bank of England Governor Andrew Bailey said bank reforms enacted after the global financial crisis of 2007-09 worked during the recent banking turmoil, but there were questions about whether banks should set aside bigger cash buffers in future. The failure...
StanChart CEO Says AT1 Bond Wipeout Has Profound Impact
Date: March 24, 2023
By Selena Li HONG KONG (Reuters) -Standard Chartered Chief Executive Bill Winters said on Friday Credit Suisse AG’s $17 billion Additional Tier 1 bonds wipeout had “profound” implications for global bank regulations. Winters told a financial forum in Hong Kong the U.S. Federal Reserve move to guarantee non-insured deposits was a “moral hazard”. As part...
Banks Still Need to Learn Lessons From 2022 Crises – BoE Says
Date: January 10, 2023
By Iain Withers LONDON (Reuters) – Banks still need to improve their risk management and learn the lessons from various crises that rocked markets in 2022, regulators at the Bank of England said on Tuesday. The market reaction to Russia’s invasion of Ukraine and turmoil in nickel and British government bond markets highlighted risk deficiencies...