Germany’s financial watchdog is pushing insurers to step up scrutiny of private credit investments after several firms were stung by losses on loans to real estate companies. BaFin, which oversees more than 500 insurers, is asking 30 to 40 firms …
Private credit’s rush to attract money from retail investors is making the sector more vulnerable to the kind of liquidity mismatches found in traditional lenders, the Bank for International Settlements warned in a report on Tuesday. Direct lenders usually provide …
Australia’s prudential regulator has long-serving board directors in its sights with a proposal to limit their terms to 10 years. The Australian Prudential Regulation Authority’s suggestion was one of several in a discussion paper released Thursday aimed at bolstering governance …
Global watchdogs will move to rein in leverage at non-banks early next year, the Financial Stability Board promised on Monday, more than a year after its chair signaled a probe into mounting borrowings at hedge funds, private capital markets and …
French President Emmanuel Macron called on Thursday for a revision of how Europe applies minimum capital rules to banks and insurers so that they are not too risk-averse and Europe is put at an economic disadvantage. The Basel Committee of …
Management failures, not loose regulations, prompted Silicon Valley Bank’s sudden failure last month, a top Federal Deposit Insurance Corporation (FDIC) official said on Wednesday. “Mismanagement of interest rate risk was at the core of SVB’s problem,” FDIC Vice Chairman Travis …
UBS Chairman Colm Kelleher said traditional finance firms were “systemically safe” after years of increased regulation, but guardians of global financial markets had further to go to eradicate the risks posed by the non-banking sector. “Regulators have – with respect …
More than a decade on from the financial crisis, regulators are spooked once again that some companies at the heart of the financial system are too big to fail. But they’re not banks. This time it’s the tech giants including …
Amazon.com Inc. has made its maiden investment in India’s wealth management sector, participating in a $40 million round by fintech startup Smallcase Technologies Pvt. The Bangalore-headquartered startup said the round was led by Faering Capital Pvt and also joined by …
Central banks and financial regulators urgently need to get to grips with the growing influence of “Big Tech,” according to top officials from central bank umbrella group the Bank for International Settlements (BIS). Global watchdogs are increasingly wary that the …
