Ukraine has experienced severe problems with its banking sector over the past few years. As part of the clean-up, the National Bank of Ukraine has leaned increasingly on stress testing to identify bad lending and to drive improvements in risk management practices. By Justin Pugsley.
Quarles: improvements in US regulation “inevitable”
US agencies should be able to improve the US financial regulatory system thanks to the benefit of experience and hindsight.
Treasury: regulators should retain the right to dismantle
A US Treasury report acknowledges that US regulatory agencies should continue to play a key role in dealing with the failure of large complex financial institutions as it steps back from recommended that this should simply be dealt with under US bankruptcy laws.
UK Parliamentary committee to investigate digital currencies
UK Parliamentary committee to investigate the risks and opportunities posed by digital currencies.
Iosco issues guidance on conduct risk around equity raises
Iosco has issued a set of eight measures to guide securities regulators with dealing with misconduct risks that can arise during equity raisings.
Shadow banking assets grow 7.6% to $45tn according to FSB study
Shadow banking is still growing quickly says the Financial Stability Board, but gives reassurance that the most toxic aspects of it have been tamed.
Carney brands cryptocurrencies as mania and calls for more regulation
Crypto currencies are a “speculative mania” with very high price volatility and need more regulation to curb some of the illicit activities they are sometimes associated with, says Mark Carney.
EU auditors highlight concerns over ECB bank failure assessments
The ECB was criticised by the European Court of Auditors over flaws in the way it designates banks as failing or likely to fail. While industry sources believe that the auditors have made some valid points, they do not think the flaws are potentially fatal to the designation process. By Justin Pugsley
Latvian bank is new test for EU bank resolution mechanisms
The failure of a Latvian bank is another opportunity to refine the EU’s bank resolution mechanisms, but observers say there are still a number of flaws that should be addressed while banking conditions in Europe are relatively benign. By Justin Pugsley
BCBS continues to see banks making progress on capital
Banks continue to make progress with building up their capital buffers, according to a BCBS monitoring report.
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