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...European banks must brace themselves for rising insolvencies, greater geopolitical risks and upheaval in energy-intensive industries, the eurozone’s new chief banking supervisor has warned....
...Now read these Claudia Buch interview: Europe’s top banking supervisor warns of rising insolvencies, geopolitical risks and upheaval in energy-intensive industries....
...He was removed from his position for not consulting top economic supervisors or incorporating the opinions of key gaming companies before releasing the draft, said two people close to the regulator....
...In an interview last summer, she told the FT that supervisors needed to adapt a more “critical mindset”, echoing criticisms by the EU’s external auditor, which warned supervisors were too lax....
...Global financial supervisors are increasingly focusing on the risks arising from the shadow banking sector, which includes pension funds, family offices, trading houses and insurance firms....
...Such written policies said supervisors “could consider” and discuss “the recommendation and the ‘intended exit strategy’ with the representative”, the order noted....
From His Excellency Dr Abdullah bin Abdulaziz Al Rabeeah, Supervisor General, King Salman Humanitarian Aid and Relief Centre, Riyadh, Kingdom of Saudi Arabia
...Global regulators are seeking to clamp down on risks outside the banking sector among hedge funds, private equity and crypto exchanges....
...UK regulators have said that they will not object to the creation of cryptocurrency-related securities, following similar moves by supervisors in other markets....
...and real-world climate impacts we are seeing in Europe and beyond, the consideration of climate and nature-related risk is core to the ECB’s responsibilities in its varied roles of monetary authority and supervisor...
...The report concluded that supervisors “should have acted earlier or taken stronger action to address identified weaknesses at SVB”....
...Supervisors are much better off. The second use to which it has been put is the calculation of regulatory capital, which differs from the economic capital also calculated by banks....
...Far from being one of the “unknown unknowns” that Buch, as the eurozone’s new chief banking supervisor, wants banks to prepare for, increasing interest rates are a natural consequence of quantitative easing...
...“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....
...The letter to Penn, sent last month by the Accountancy AML Supervisors Group (AASG), said it would be an “enormous administrative task” to ensure money laundering supervision was maintained while a new supervisor...
...Claudia Buch, the deputy head of Germany’s Bundesbank, is set to become the eurozone’s top financial supervisor after the European Central Bank put her forward to become the next chair of its banking watchdog...
...Data constraints make it challenging for supervisors to evaluate exposures across segments of the financial sector and assess potential spillovers....
CMI says more highly skilled supervisors are needed to boost productivity and improve public services
...Eurozone banks must prepare themselves for “more volatile funding sources” amid mounting geopolitical risks, the region’s top banking supervisor said on Tuesday, as it warned of uncertainties dominating...
...Germany’s financial regulator has installed a special supervisor at Deutsche Bank as it grapples with customer service issues at its subsidiary Postbank....
...“Stunned by this revelation,” the SEC said, Loudon’s wife reported it to her supervisor at BP and was put on administrative leave....
...Eurozone banks must prepare for the risk of funding sources becoming “more volatile” next year, said the region’s top banking supervisor as it warned lenders against complacency amid mounting geopolitical...
...“Having progressed from a start-up to a mature supervisor, we must now focus more systematically on which tools we use and under what circumstances,” he added....
...The good news is that many supervisors know this. The Fed, for example, released a long report about the failures of SVB....
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