Credit Suisse applies for Spanish banking license as part of Brexit plan

August 31, 2020.
Credit Suisse has applied for a license to set up an investment banking hub in Madrid, as part of its Brexit migration plans, a spokesperson said Monday, confirming a report from a Spanish newspaper.

EU anti-money laundering supervisor needs ‘clearly defined’ powers, banking regulator says

Last modified August 20, 2020. Published August 19, 2020.
A European Union anti-money laundering regulator needs “clearly defined and sufficient” powers, a banking regulator said, addressing public concerns about the new body amid heightened enforcement activity in the financial sector.

European Banking Authority releases reporting rules for COVID-19 ‘quick fix’ relief

August 11, 2020.
The European Union’s banking regulator provided more details about how it will implement a COVID-19 relief package that will relax reporting rules for financial institutions to help aid the economy’s recovery.

European banking officials propose new financial disclosure standards

August 3, 2020.
A European banking regulator proposed new reporting standards for systemically important institutions that require them to disclose the composition of their funds and the ranking of certain liabilities, in addition to other financial data, according to a draft published Monday.

EBA and ESMA revise internal governance guidelines to combat money laundering

July 31, 2020.
Two European financial regulators launched a public consultation to revise guidelines on internal governance Friday, as they sought to enhance supervision of credit institutions for money laundering and terrorist financing risks.

EU test of banking system vulnerabilities set for January after pandemic-related delay

July 30, 2020.
The European Banking Authority said it will begin stress-testing banks in January after plans to launch an inquiry into the financial system’s vulnerabilities were scrapped earlier this year due to the coronavirus pandemic.

EU regulator seeks banks’ views on how to cut reporting cost

July 22, 2020.
The European Banking Authority has asked banks to chime in with their views on how it can improve supervisory reporting requirements and reduce the related costs — by up to 20% for some smaller institutions.

China Everbright, Terminus Technologies launch RMB 10B AI-focused fund

July 13, 2020.
Hong Kong-based China Everbright said on Friday that it jointly launched an artificial intelligence economy fund with AI city solution provider Terminus Technologies, aiming to raise RMB 10 billion ($1.4 billion).

BIS recommends FDIC-like deposit insurance to manage failing European banks

Last modified July 26, 2020. Published July 9, 2020.
An international banking institution offered reforms to better handle failing banks in the European Union in a report published Thursday, suggesting that the EU should implement deposit insurance and standardize nation-level insolvency laws.

EU financial authorities call for more data transparency, innovation support in regulations

June 29, 2020.
European Union regulators want the region’s financial supervision to take advantage of digital tools, such as artificial intelligence, and to be prepared to regulate newly emerging business models, they said Monday.

EU nations rarely use full powers to ensure bank stability: European Banking Authority

June 26, 2020.
A European Union regulatory body on Friday called for nations to do more to exercise their power over financial institutions whose collapse might harm the public, arguing that EU countries have not made full use of tools for ensuring stability.

EBA finds deposit guarantee program has shortcomings in review of stress tests

June 17, 2020.
The European Banking Authority has determined that IT systems, unclear national regulations and insufficient budgets could impact the performance of deposit guarantee schemes in European Union banks, the authority said Wednesday in a review of stress testing measures.

EU banking regulator to focus on money laundering, streamlined reporting

June 12, 2020.
Preventing money laundering, creating a streamlined reporting framework and improving supervisory convergence are among the European Banking Authority’s top priorities for 2020, the regulator said in an annual report released Thursday.

EU banks entered COVID-19 downturn strong, regulator finds

June 9, 2020.
The European Union’s banking sector entered the coronavirus-induced financial crisis in a stronger position than in previous crises, the European Banking Authority said Monday when it published the results of its spring 2020 transparency exercise.

EU securities regulator proposes guidelines for cloud computing outsourcing

June 3, 2020.
With the benefits of cloud outsourcing becoming more clear to financial markets worldwide, the European Securities and Markets Authority (ESMA) on Wednesday proposed a new set of guidelines for how financial institutions should handle this outsourcing to mitigate risk.

EBA tightens data reporting guidelines for COVID-19 measures

June 2, 2020.
The European Banking Authority is imposing additional reporting requirements for lending measures undertaken in response to the coronavirus pandemic, according to a new set of guidelines released Tuesday.

EBA moves forward with new investment firm regulatory framework

June 2, 2020.
The European Banking Authority has released new details of a revised framework dealing with diversity and risk profiles of investment firms in the EU.

EBA tells banks to consider climate change and ESG factors in lending

May 29, 2020.
The European Banking Authority issued new guidelines Friday on loan origination and monitoring to financial institutions offering loans to customers that for the first time urge banks to consider environmental factors in evaluating borrowers.

EU banking authority expects most banks strong enough to weather the pandemic

May 26, 2020.
With European banks expected to face billions in losses due to the effects of the pandemic, a regional banking regulator said Monday that most have built enough in capital reserves to absorb the blow, while some “weaker banks” might not make it through the crisis.