The global financial system is resilient, with large banks much better capitalized, less leveraged and more liquid, according to the Financial Stability Board’s report on post-crisis reforms issued today.
Browsing: International regulatory coordination
With “nearly all” the post-financial crisis policy changes completed, the Financial Stability Board is looking to new vulnerabilities to the global financial system, FSB Chairman Randal Quarles said yesterday in Hong Kong.
Financial innovation is happening worldwide. Here are some of the top developments to watch.
The number of worldwide correspondent banking relationships continues to decline, according to new figures released today by the Basel, Switzerland-based Financial Stability Board.
The U.S. financial system, including community banks, benefits from its regulators’ participation in the Financial Stability Board, Federal Reserve Vice Chairman for Supervision Randal Quarles told the Utah Bankers Association today.
In remarks at a Harvard Law School event today, Federal Reserve Vice Chairman for Supervision Randal Quarles signaled that the Fed and the FDIC will revisit the capital and liquidity requirements in place for the largest U.S. and foreign firms and will seek public input on current “living will” guidance.
Breaking down the wide-reaching implications of Europe’s new data privacy regulation.
The Basel Committee on Banking Supervision yesterday published a list of “sound practices” for how banks and bank regulators might handle fintech-driven changes in the banking industry.
A group of six Republican senators led by Sen. Tom Cotton (R-Ark.) wrote to President Trump yesterday calling on him to address the role of the Basel, Switzerland-based Financial Stability Board with respect to U.S. regulatory framework.