Yi Gang, Governor of the People’s Bank of China (PBOC), has promised ambitious new climate disclosure requirements and international collaboration as part of efforts to drive a ‘green transformation’ of Chinese banking.
he European Banking Authority (EBA) has identified 25 recommendations that together could reduce banks’ reporting costs by 15-24%. These are the conclusions of a comprehensive study on the costs of compliance with supervisory reporting requirements.
The European Banking Authority (EBA) has affirmed that its EU-wide 2021 transparency exercise will be carried out in autumn, with the launch planned for September. This annual exercise is part of the EBA’s endeavours to foster transparency and market discipline.
The European Banking Authority (EBA) has published phase 1 of the new version 3.1 of its reporting framework, which is expected to apply from September 2021. It reflects new reporting requirements for investment firms, as well as changes to resolution planning reporting and supervisory benchmarking.
The European Banking Authority (EBA) has launched a consultation on its draft Guidelines on the delineation and reporting of ‘available financial means’ of Deposit Guarantee Schemes (DGSs), essentially ensuring that institutions really do have the resources to which they lay claim.
The European Central Bank (ECB) is pulling out all the stops to guide Europe’s banks toward carbon neutrality and rigorously hold them to account on climate risks, according to a speech by Frank Elderson, Vice-Chair of the Bank’s Supervisory Board and Member of the Executive Board.
The Financial Stability Board (FSB) has published its final report on the impacts of too-big-to-fail (TBTF) reforms for systemically important banks (SIBs), implemented following the global financial crisis. It found that the reforms have made banks more resilient and resolvable, and have reduced systemic and moral hazard risk.
Did you know that the EU’s Single Resolution Board (SRB) has four key resolution tools it can use if a bank is failing? These aim to maintain banks’ critical functions and financial stability at minimal cost to taxpayers.
The BIS (Bank of International Settlements) has published a new report with the results of a 2020 survey on the use of big data by central banks.
How would Europe’s banks fare under seriously adverse conditions – for example if the Covid-19 pandemic is prolonged? We’re set to find out; on 29 January the European Banking Authority (EBA) launched the 2021 EU-wide stress test, and released the macroeconomic scenarios for the test.