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Cross-border legal implications of recent rulings in the Credit Suisse AT1 bond saga
The US and Swiss decisions raise international considerations for investor protection, regulatory power in bank rescues, cross-border jurisdiction, and the hierarchy of claims in bank resolution cases.
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OPINION: Failure of UK’s Covid loan fraud task force entirely predictable
Tony McClements leads his own inquiry into the failure of the Covid loan fraud task force.
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UK financial watchdogs unveil sweeping climate risk guidance
Climate Financial Risk Forum publishes handbook on nature, adaptation, and new scenario tools
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OCC drops $10m fine against Wells Fargo risk officer involved in sales misconduct scandal
The regulator removed the civil money penalty issued in January alongside a prohibition order for the executive.
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Regional bank loan oversight lapses and borrower fraud disclosures jolt market
Markets take a hit amid broader fears about credit quality and questions over risk assessment.
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US regulators nix agency principles for managing climate-related financial risk
Current staff believe that the climate principles established just two years ago may distract large financial institutions from managing material risks.
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OCC lightens up exam, licensing requirements for smaller banks
The OCC will accept comments on the fair housing data rule repeal for 30 days. The proposed expedited filing change will be open for 60 days.
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Net-Zero Banking Alliance dissolves amidst political headwinds and bank exodus
As the second major net-zero alliance folds, we consider the future of net zero for financial services.