Though a decade of global financial reforms has made banks safer, the unusual nature of the Covid-19 pandemic nonetheless exposes European banks to greater than appreciated risks due to the opaque nature of their Level 2 and 3 assets
More banks likely to face regulatory sanctions as UK toughens stance on reporting
UK supervisors have lost patience with poor quality reporting by firms under their watch meaning many of them potentially face regulatory sanctions if they do not get their act together quickly. By Peter McGill
EU and UK prepare for tough talks on post-Brexit financial services
A great deal of uncertainty lingers as the EU and UK prepare to negotiate how they will oversee cross-border financial services business after Brexit
Regulators still face steep learning curve on implications of bigtechs
Bigtech firms are not just a worry for incumbent banks, but are also a source of concern for regulators in terms of their impact on financial stability leading to individual supervisors to take their own approaches towards managing the risk.
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