GBRR News Friday 21 Oct ’22
| TODAY’S HEADLINES 21 October 2022 |
| News in Brief NIBs this week from GBRR include a new chair for IOSCO, interest rate risk guidelines from the EBA, proposals on cyber-incident reporting standards from the FSB, and a high-profile departure from the UK’s FCA. |
| RECENT HIGHLIGHTS |
| Green light for US Bank’s MUFG acquisition, as large bank resolvability plans emerge The Federal Reserve has issued its proposals for non-GSIB large bank resolvability, the same day it and other regulators gave the go-ahead for US Bancorp to grow even larger by acquiring MUFG’s US subsidiary. |
| “The data still isn’t good enough”: FSB publishes climate progress reports |
| The Financial Stability Board has outlined its ambitions for climate-related financial risk regulation, but practitioners have said the documents, “devoid of any obvious scientific input”, won’t be enough to build satisfactory stress testing standards around. |
