Banking Risk & Regulation Podcast

Editor Farah Khalique discusses scrutiny of the UK's financial services regulator and calls for reform with The Banker's deputy editor, Liz Lumley.  Hosted on Acast. See acast.com/privacy for more information.

The European Securities and Markets Authority has a broad remit bringing it into contact with many areas of financial markets, at the wholesale and retail level.  In this episode of GRR’s regulatory podcast series, Verena Ross, chair of ESMA provides insights into the authority’s work around:  ESG and curbing greenwashing Analysing and collecting markets data relating to regulations such...

Central bank digital currencies (CBDCs) could usher in a revolution in the financial system creating openings for exciting new innovations. However, depending on their design, CBDCs could be disruptive, particularly for deposit taking banks.  The European Central Bank is currently studying designs for a potential digital euro. This has ignited a lively debate within policy making and banking...

Stablecoins have seen explosive growth in the last year with the Bank for International Settlements estimating that as of late 2021, there were $120bn of them in circulation. This has caught the attention of regulators who are pondering whether these instruments will revolutionize finance in a beneficial way for society or could become a major financial systemic threat. To address those issues is...

According to the Bank for International Settlements around 80 central banks are exploring or developing central bank digital currencies (CBDCs).  Some experts consider CBDCs to be among one of the most significant developments in the history of money. Depending on their design they could have a profound impact on the financial system and society.  This podcast explores a range of issues...

The rise of blockchain and crypto assets are going to profoundly influence the future development of financial services and are naturally of great interest to supervisors.  How supervisors decide to regulate crypto will in itself play a major role in how traditional financial services adapt to this new phenomenon.  This episode looks at the approaches being taken in the EU, UK, US and so...

Environmental, social governance (ESG) factors and the rapid rise of crypto assets and currencies and blockchain have all become major focal points for supervisors. This is necessitating, in some cases, new regulatory frameworks or adapting existing ones.  In this episode, Bryan Stirewalt, the CEO of the Dubai Financial Services Authority (DFSA) shares his insights into how the authority is a...

The potential introduction of central bank digital currencies (CBDCs) could potentially upend bank business models depending on their design and implementation. It’s a topic, which has implications well beyond monetary policy and the nature of money.  The rapid rise in the popularity of crypto currencies such as bitcoin, Facebook's plans around creating stablecoins backed by existing national...

Prudential frameworks are designed to ensure banks can cope with risks and still remain solvent in the face of economic adversity. Environmental, Social and Governance (ESG) factors have risen up the political and regulatory agenda due to issues such as increasingly extreme weather patterns through to growing concerns over social justice.  Society increasingly expects banks, as capital alloca...

Environmental, Social, and Corporate Governance (ESG) are undoubtedly going to remain one of the most high profile topics impacting policy and financial regulation for years to come.  ESG brings with it a whole set of new data, disclosure and reporting requirements meaning there is a great deal of work to do to create new frameworks. There is also a strong agenda among international bodies to...

The move from the London interbank offered rate compelled by regulators due to manipulation scandals towards alternative risk free interest benchmarks has been protracted and painful for those involved.  Undoubtedly, much progress has been made with many sectors of the financial industry such as derivatives seemingly well prepared. But moving away from the financial sector towards corporates,...

Singapore is famous globally for its enthusiasm for technology and for pushing the envelope in this area. The Monetary Authority of Singapore very much follows in that tradition and is a pioneer in the use of supervisory technology (SupTech).  It has a raft of projects designed to turn itself into the most advanced technology driven central bank in the world as it steadily digitises many of i...

When governments across the world ordered population lockdowns to stop the spread of the Covid-19 pandemic, banks had to quickly switch away from working in offices towards remote working - which has never been done before on such a big scale. This impacted almost the entire business from payments through to vast trading floors and all their support functions.  This episode explores the opera...

Following the 2007-9 global financial crisis - the Basel framework underwent significant revisions. It’s partly thanks to these changes that banks entered the Covid-19 pandemic induced crisis in a robust condition.  Nonetheless, it remains unclear how deep and prolonged the current downturn will be and how many bad loans banks will notch up in the process.  Therefore, could there be furt...

Regulators, central banks and governments have taken unprecedented measures to support the economy during population lockdowns around the world to stamp out the spread of the Covid-19 pandemic.  Prudential regulators have also acted quickly to ensure banks help support the economy. This has involved measures ranging from payment holidays on some loans, to delayed reporting through to pushing...

The economic fall-out from the Covid-19 pandemic is the first major test for the IFRS-9 accounting standard, which only came into force in 2018.  Global Risk Regulator chaired a discussion about how banks are interpreting the IFRS-9 standard, what approaches they’re taking to forward provisioning for bad loans and how they’re accounting for regulatory guidance around how they should provision...