Probe follows LIBOR scandal
Fitch says it’s premature to speculate about any change in strategic direction by new senior executives
The British government is considering tougher sanctions against those who seriously mismanage banks, including the introduction of a new criminal offence. The UK Treasury said Tuesday that it is consulting on the possibility of introducing criminal sanctions for serious misconduct in the management of a bank. While the criminal law can already sanction behaviour such […]
Jerry del Missier was appointed only last month
U.S. banking regulators said Friday that they will publish the so-called “living wills” proposed by the largest U.S. banks next week. The U.S. Federal Deposit Insurance Corporation (FDIC) and the U.S. Federal Reserve Board (Fed) announced the process for evaluating the resolution plans, or living wills, of the largest U.S. banks. Regulatory reform in the […]
Proposed rules extend regime for global systemic banks
The revised guidance reflects lessons learned from the financial crisis
Inability of banks to aggregate risk exposures fully and quickly undermines stability
New rules aim to improve the quality and utility of these disclosures
British financial regulators issued a statement Tuesday, following the conclusion of their investigation into the failure of an Icelandic bank during the financial crisis, finding that the bank failed to properly assess its liquidity position. The UK’s Financial Services Authority published a final notice against Kaupthing Singer and Friedlander Ltd. (KSFL), the UK-based subsidiary of […]