bank stress test News

Bank of England Finds Non-Bank Financial Firms Pose Wider Risks in Crisis Periods

Non-bank financial institutions such as hedge funds remain vulnerable to a sudden financial shock and would not all be able to access the funding they would need in such a crisis, the Bank of England said on Friday. Announcing the …

ECB’s Cyber Security Test Shows ‘Room for Improvement’ for Banks

Euro zone banks have “room for improvement” in their cyber security, starting with how they would keep their business running after a hack, the European Central Bank said on Friday. The ECB’s first ever cyber risk stress test was launched …

European Central Bank’s Cyber Stress Test Will Not Affect Capital Requirements

The European Central Bank’s cyber resilience stress test in the coming months will not affect bank-specific capital requirements but instead form part of a broader supervisory assessment, the ECB said in a statement on Wednesday. The long-planned stress test, which …

Bank of England to Deepen System-Wide Stress Test for Banks, Insurers

The Bank of England said on Friday it would start the second leg to its first system-wide stress test of how banks, insurers, pension schemes and clearing houses collectively cope with shocks involving interest rates and risky asset prices over …

EU Banks Expand Risk Models to Better Prepare for Climate-Change Fallout

European banks are building out their risk models to better prepare for the fallout from climate change, with some even examining the short-term liquidity implications of a hotter planet, according to a joint survey conducted by the Association for Financial …

Regulator Tells Australian Banks to Boost Cyber-Attack Defenses

Australia’s financial institutions must improve their resilience to cyberattacks, the head of the nation’s banking regulator said Tuesday. A recent review uncovered a “lack of rigor” in the nature and frequency of security control testing and insufficient board oversight on …

EU Regulators to Rethink Liquidity Risk After Credit Suisse Unravels

The rapidly unfolding crises of confidence at Credit Suisse Group AG and Silicon Valley Bank are prompting some regulators gathered at the European Central Bank to rethink their treatment of liquidity risk. The watchdogs are in the early stages of …

European Central Bank to Test Cyber Resilience of Banks

The European Central Bank plans to test the cyber resilience of the euro zone’s top banks after a sharp rise in cyberattacks, including after Russia’s invasion of Ukraine, ECB supervisory chief Andrea Enria told a Lithuanian newspaper. “Next year we …

Europe’s Banks, Insurers Prepare for Potential Winter Power Cuts, Energy Rationing

Some of Europe’s biggest banks are preparing back-up generators and to dim the lights as they brace for potential power cuts and energy rationing that threaten the money system underpinning the region’s economy. As Russia throttles gas supplies to the …

MetLife Granted Third Fed Extension to Submit Capital Plan

The Federal Reserve has granted MetLife Inc a third extension to submit its capital plan as the insurer moves closer to completing the sale of its deposit-taking business to a unit of General Electric Co.’s GE Capital. The largest life …