Banks failing to assess climate risk

European banks are failing to assess climate risk properly in their loan books, according to the European Central Bank’s stress test.

In fact, only four in ten banks have a climate risk stress-testing framework. Most banks said they Read more

Banks must improve operational resilience

The Bank of England regulator said the financial sector must improve operational resilience in its first annual review of the topic since rules came into force last year.

In particular, David Bailey, executive director of deposit takers supervision at Read more

European banks fail climate change risk test

European banks have failed a climate change risk test in first survey of the sector by the regulator European Central Bank.

Risk management at none of the banks was “close to aligning their practices with the supervisory expectations,” ECB Read more

Banks fail to take strategic view of climate change

Only 10 per cent of banks are taking a strategic view of climate change – with an average planning horizon of just four years, according to Transition in thinking: The impact of climate change on the UK banking sector Read more

Artificial Intelligence: The new normal

Managing data the way you always have doesn’t cut it

Organizations are driving transformative initiatives to improve financial performance and competitive position in their industries. Examples of these initiatives include deepening customer relationships, optimizing operations, personalizing health care, prevention Read more

US banking regulation could relax

US banking regulation under the 2010 Dodd-Frank Act could be relaxed following a vote in Congress.

The changes are contained in the Choice Act, which still has to pass through the Senate. That could be tricky given the Republican’s Read more