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...ECB supervisory board member Elizabeth McCaul told the Financial Times that the central bank was keen for senior risk management staff to “ensure that compliance with the risk appetite framework is used...
...Six more years of Putin is a threat to Europe and the world, writes the FT’s editorial board, as repression at home runs hand in hand with a more belligerent policy abroad....
...“As you would expect, the board regularly reviews the merits of the [internal model] application and its potential/expected benefits....
...The Financial Stability Board, which includes the world’s leading finance ministers, central bankers and regulators, said on Wednesday that after assessing a series of recent market panics, many funds and...
...In the wake of SVB’s failure, the Fed has drawn scrutiny for the fact that Becker was a member of the board of the San Francisco Fed, which was the bank’s chief regulator....
...“It is not for us supervisors to tell banks who they should or should not lend to,” said Frank Elderson, vice-chair of the ECB supervisory board....
...First you worry about the stock, and then the bank supervisors get in the door, which is costly even if they find nothing, but supervisors will always find something....
...Frank Elderson, vice-chair of the ECB’s supervisory board, said in a speech on Thursday that it is shifting to a more aggressive approach for banks that do not respond fast enough to supervisory pressure...
...The Financial Stability Board, an international body that monitors and makes recommendations about the global financial system, has developed a road map for enhancing cross-border payments....
...These include strengthening “the tools for early intervention by supervisors based on an objective set of indicators while also relying on a strong legal basis for such actions”....
...The Prudential Regulation Authority, the UK banking supervisor, was quick to press Metro Bank to bolster its finances....
...Supervisors have also questioned Revolut’s governance arrangements, according to people familiar with the discussions, and the level of challenge presented by the board to Storonsky....
...Hers was a life of firsts: the first woman to be elected president of San Francisco’s board of supervisors and its first female mayor....
...“An AI black box with no insight into the decision-making process is of limited value,” Lisa Cook, a member of the Fed’s board of governors, said in a speech last week....
...Western nations condemned Putin’s violation of civil and political rights, while the FT editorial board said a fifth term for Putin was a threat to Europe and the world....
...Central banks and financial supervisors, they note, have also started linking nature-related risks to financial stability....
...Credit Suisse’s shortcomings identified by the three supervisors included extending half of the bank’s equity to a single counterparty; no oversight at board level “despite the huge size of this client position...
...“We consider that he misled both the FCA and the Barclays board about the nature of his relationship with Mr Epstein.”...
...The revelations could undercut claims that tighter rules rather than better supervisors are needed to keep the banking system safe....
...The supervisory board of the European Central Bank, which directly oversees 111 of the main eurozone lenders, shared information on the fallout from the collapse of three US banks and worries about Credit...
...“We need to increasingly rely on banks’ role as the watchtowers of the sector,” said the ECB’s top banking supervisor Andrea Enria in a recent speech....
...Supervisors did not fully appreciate the extent of the vulnerabilities as Silicon Valley Bank grew in size and complexity. 3....
...His departure came after the board of the Swiss bank found that he made repeated breaches of coronavirus quarantine rules to attend high-profile sporting events, including the Wimbledon tennis finals....
...Finally, after the Credit Suisse rescue, bank supervisors must codify the investor hierarchy and ensure it is applied consistently across jurisdictions....
...Rummel said a discussion among the EBA’s board of European supervisors had suggested there was “a lot of willingness” to fix the problem....
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