Page 150 - Systemic Risk News Today

European, Canadian and UK banks are too big to fail because of their cross-border activities, Chinese and Japanese banks because of their size

On aggregate, the top 30 banks shrunk notionals by 7% year on year 

Nine out of the 12 G-Sib indicators increased in 2020

Dealers could all become members of the club next year if trend continues

The President’s Working Group on Financial Markets (PWG), joined by the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency (OCC), released a Report...

Banks slapped with extra 50 basis points of capital add-on

Three other US banks – BNY Mellon, Citi and State Street – also hit the cap in this year’s G-Sib assessment 

Beneath the Surface: Technology-driven systemic risks and the continued need for innovation is the first publication of the World Economic Forum’s two-part Technology, Innovation and Systemic Risk research initiative. The report explores the relationship between increased technology adoption in financial services and systemic risk. The research additionally examines actions that can be undertaken to address identified risks, including the role that technology itself can play in mitigation ...

President’s Working Group PWG released a long-awaited report on stablecoins. Outlines a number of significant legislative recommendations for Congress to consider as well as a number of interim measures to protect against prudential risks in the near term.

Rapid technology adoption is giving rise to new risks, as exemplified by increased cyber attacks, operational disruptions and algorithmic biases