EU Agencies Seek to Cut Red Tape in €1.2 Trillion ABS Market March 31, 2025 By Esteban Duarte and Nicholas Comfort European financial authorities are exploring ways to streamline oversight of the €1.2 trillion ($1.3 trillion) asset-backed securities market and simplify...
Germany Tells Insurers to Vet Private Asset Deals More Carefully March 25, 2025 By Nicholas Comfort and Libby Cherry Germany’s financial watchdog is pushing insurers to step up scrutiny of private credit investments after several firms were stung by...
German Watchdog Raises Focus on Physical Risks Stemming From Climate Change January 28, 2025 By Nicholas Comfort German watchdog BaFin said the country’s financial industry needs a better grasp of physical risks stemming from climate change because...
Private Equity’s Insurance Bets Raise Risks, BIS Researchers Say September 17, 2024 By Nicholas Comfort Private equity firms have changed the business models of life insurers they invest in, posing risks that are more likely...
ABN Amro Is Latest Bank to Suffer Breach After Hack at Supplier May 28, 2024 By Nicholas Comfort and Cagan Koc ABN Amro Bank NV became the latest European lender to suffer a data breach through one of its suppliers as...
Citi’s CEO Fraser Wary of Insurance Giants’ Role in Private Credit April 25, 2024 By Nicholas Comfort Citigroup Inc. Chief Executive Officer Jane Fraser warned that there’s a risk to the growing number of insurers piling funds...
ECB Cyber Stress Test Won’t Deliver Direct Capital Hit to Banks July 10, 2023 By Steven Arons and Nicholas Comfort The European Central Bank’s cybersecurity stress test next year won’t have a direct impact on capital requirements, limiting the exercise’s...
EU Regulators to Rethink Liquidity Risk After Credit Suisse Unravels March 24, 2023 By Nicholas Comfort and Steven Arons The rapidly unfolding crises of confidence at Credit Suisse Group AG and Silicon Valley Bank are prompting some regulators gathered...
Europe’s Landmark Test of Banks’ Resilience to Climate Risk Is Softer Than Expected July 6, 2022 By Nicholas Comfort and Steven Arons Europe’s landmark test of banks’ resilience to global warming was far softer than many lenders had expected, according to people...
Global Financial Regulators Seek Coordinated Response to Climate Change Risk July 7, 2021 By Nicholas Comfort The world’s top financial regulators want to coordinate efforts to prepare for potential risks from climate change as authorities still...