Banking industry policy news

Here are some recent news and updates on banking industry policies:

1. Basel IV:

• The Basel Committee on Banking Supervision (BCBS) has finalized the Basel IV framework, which sets new capital requirements for banks. The framework aims to strengthen banks' resilience to financial shocks and reduce systemic risk. (Source: BCBS)
• The European Banking Authority (EBA) has published a report on the implementation of Basel IV in the EU, highlighting the need for banks to adapt to the new capital requirements. (Source: EBA)

2. Digital Banking:

• The European Commission has proposed a new digital banking framework, aimed at promoting innovation and competition in the banking sector. The framework includes measures to simplify regulatory requirements and reduce barriers to entry for new digital banks. (Source: European Commission)
• The UK's Financial Conduct Authority (FCA) has published a consultation paper on its plans to regulate digital banks, including proposals for a new "digital banking" license. (Source: FCA)

3. Climate Risk:

• The Bank for International Settlements (BIS) has published a report on climate-related financial risks, highlighting the need for banks to better assess and manage these risks. (Source: BIS)
• The European Central Bank (ECB) has launched a climate stress test for banks, aimed at assessing their resilience to climate-related risks. (Source: ECB)

4. Crypto Assets:

• The Financial Action Task Force (FATF) has published a report on the risks and challenges associated with crypto assets, including money laundering and terrorist financing risks. (Source: FATF)
• The US Treasury Department has published a report on the risks and benefits of crypto assets, highlighting the need for regulatory clarity and oversight. (Source: US Treasury)

5. Banking Union:

• The European Commission has proposed a new Banking Union framework, aimed at strengthening the EU's banking sector and promoting financial stability. The framework includes measures to improve bank resolution and recapitalization procedures. (Source: European Commission)
• The European Parliament has approved a resolution on the Banking Union, calling for greater transparency and accountability in the EU's banking sector. (Source: European Parliament)

6. Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT):

• The Financial Action Task Force (FATF) has published a report on the effectiveness of AML/CFT measures, highlighting the need for continued improvement and cooperation among countries. (Source: FATF)
• The European Commission has proposed a new AML/CFT directive, aimed at strengthening the EU's anti-money laundering and counter-terrorism financing framework. (Source: European Commission)

7. Banking Supervision:

• The European Banking Authority (EBA) has published a report on the effectiveness of banking supervision in the EU, highlighting the need for continued improvement and cooperation among supervisors. (Source: EBA)
• The US Federal Reserve has published a report on its banking supervision framework, highlighting the need for continued vigilance and oversight in the US banking sector. (Source: Federal Reserve)

These are just a few examples of recent news and updates on banking industry policies. If you're looking for more information, I'd be happy to help!