Financial Regulation 2016
WASHINGTON Cyber security is the biggest risk facing the financial system, the chair of the U.S. Securities and Exchange Commission (SEC) said on Tuesday, in one of the frankest assessments yet of the threat to Wall Street from digital attacks.
NEW YORK Surveillance of markets for illegal trading practices has become more difficult as technology evolves and manipulation strategies can stay one step ahead of regulators, according to an executive at Wall Street's self-funded watchdog.
LONDON The European Union has yet to find a way of tailoring capital rules to smaller banks without making them less able to withstand market shocks, a top banking regulator said.
LONDON Forcing banks to hold capital against holdings of their own government's debt would take years to agree and implement, a top international regulator told the Reuters Regulation Summit.
MUMBAI India's central bank will keep reviewing the asset quality at commercial lenders this financial year, Deputy Governor R. Gandhi said on Tuesday, as part of "a continuous process" intended to avoid an increase of distressed debt in the sector.
WASHINGTON Credit risk is growing in U.S. commercial real estate with some banks exposed to "froth" in the apartment market in New York, Boston, Washington D.C. and San Francisco, a top U.S. banking regulator said on Monday.
LONDON London has no "God given" right to remain a global banking center if Britain were to leave the European Union, Bank of England Deputy Governor Andrew Bailey said on Monday.
LONDON British bank bosses are not getting the message through to staff about rooting out conduct that led to the financial crisis and to customers being ripped off, Bank of England Deputy Governor Andrew Bailey said.
TORONTO Canada's financial regulator is pushing back against some of the more onerous demands placed on banks since the 2007-09 financial crisis, rejecting public health checks on lenders and allowing them to operate with lower capital buffers than overseas rivals.