The Basel Committee on Banking Supervision issued a second report on its evaluation of the impact and effectiveness of implemented Basel reforms.

The Deutsche Bundesbank, together with 19 national central banks of the European System of Central Banks and the European Central Bank, have today launched an EU-funded programme.

On 21 September, the CSSF published the results of a general public survey on sustainable finance.

Key takeaways Bank funding sources have been shifting: from cross-border to local funding, which enhances stability, and, within cross-border funding, from inter-office to unrelated sources, increasing volatility. Shifts in the funding mix of local banking systems stem from the declining share of foreign banking offices, which rely more heavily than domestic offices on cross-border and inter-office funding. The retreat of foreign banking offices has increased the concentration of nationalities in local banking systems, which is associated with heightened funding volatility.

DEPUTY GOVERNOR - ADMINISTRATION MRS REKHA CHIFUWE MHANGO 8TH SEPTEMBER 2022

The capital position of the Finnish financial sector has remained sound, despite the deterioration of the operating environment. Solvency weakened slightly in the employee pension and banking sectors, but remained strong. In the non-life and life insurance sectors, solvency improved. Due to the changes in the operating environment, the Financial Supervisory Authority (FIN-FSA) is paying particular attention to the management of credit, market, liquidity and cyber risks, the functioning of risk management and corporate governance, as well as the fulfilment of the disclosure obligation.

SZSE recently held a talk with heads of investment banking, quality control and internal audit departments of, and sponsor representatives from eight sponsoring institutions that failed to perform their duties properly on stock issuance and listing on the ChiNext Board. The talk aimed to further urge sponsors to fulfill their responsibilities diligently as “gatekeepers” in review.

During January to July 2022, the accumulative amount of foreign exchange settlement and sales by banks was RMB 10095.0 billion and RMB 9555.6 billion, respectively.

Sumitomo Mitsui Financial Group, Inc. (‘SMFG”, President and Group CEO Jun Ohta, together with subsidiaries “SMBC Group”) announced today that it will strengthen its presence in the U.S. with a new digital consumer banking business. Jenius BankTM will launch and operate as a new division of Manufacturers Bank, a California state-chartered bank that is a wholly-owned subsidiary of SMBC Group.

China's top banking and insurance regulator Thursday released measures requiring wealth management companies to tighten internal control for sustainable and sound operation in compliance with laws and regulations.

European banks breathed a sigh of relief last month after the European Banking Authority backed away from a long-mooted split structure for its 2023 stress tests, opting instead for a hybrid approach.

Profits of China's commercial banks remained stable in the first half of 2022, rising 7.1 percent year on year, according to the country's top banking regulator.