ECB Urges Banks to Enhance Outsourcing Risk Management Amid Growing Concerns
The European Central Bank (ECB) is cautioning banks about the need to enhance their management of outsourcing risks, particularly concerning the processing of personal data.
MAS Advises Financial Institutions to Brace for Quantum Computing Cybersecurity Challenge
The Monetary Authority of Singapore (MAS) has issued a directive to the country's financial institutions, urging them to ready themselves for the increasing cybersecurity threats posed by quantum computing.
Cybersecurity remains number one risk for global banks
Source: EY
Amid unprecedented levels of volatility and global uncertainty, cybersecurity has remained at the top of the list of near-term risks for banks around the world for the second consecutive year, according to the latest EY and Institute of International Finance (IIF) bank risk management survey.
ECB Warns of Transition Risks in Banks' Shift to Low-Carbon Economy
The European Central Bank (ECB) has issued a warning regarding the significant transition risks faced by banks that are unprepared for the shift towards a low-carbon economy.
BaFin Report Highlights Cybersecurity and IT Outsourcing Risks in German Financial Sector
A recent report from German regulator BaFin underscores cybersecurity and the outsourcing of IT services as major threats to the financial sector.
Banks underpricing exposure to climate risks - ECB
Source: European Central Bank
The European Central Bank (ECB) and the European Systemic Risk Board (ESRB) today published a joint report on the impact of climate change on the European Union (EU) financial system.
OCC's Fall 2023 Report Highlights Emerging Threats
In its Fall 2023 Semiannual Risk Perspective, the Office of the Comptroller of the Currency (OCC) emphasizes the importance of adaptive risk management strategies for financial institutions. The report covers key risk themes, highlighting the need for vigilance despite the overall robustness of the federal banking system.
Acadia responds to EBA's new Regulatory Technical Standards
Source: Acadia
Acadia, a leading industry provider of integrated risk management services for the derivatives community, today offers its thoughts on the European Banking Authority (EBA) publishing its finalized Regulatory Technical Standards (RTS) on Initial Margin Model Validation.
