Topic
Systemic Risk
220 published works
The CLS Blue Sky Blog
Supreme Risk for FINRA and Other SROs
Most efforts to manage systemic risk tend to focus on risks arising from within financial markets, from existing regulators, or from legislative misadventures. Yet self-regulatory organizations (SROs) and the markets…
Global Regulation Tomorrow
Latest ESRB publications
On 1 July 2021, the European Systemic Risk Board (ESRB) published the following: Press release on the ESRB general board meeting on 24 June 2021. At this meeting the general…
Global Regulation Tomorrow
ESMA opinion – collection of information for the effective monitoring of systemic risk under Article 24(5) AIFMD
On 28 May 2021, the European Securities and Markets Authority (ESMA) updated its opinion on the collection of information for the effective monitoring of systemic risk under Article 24(5), first…
Global Regulation Tomorrow
Published in OJ – Revised RTS on methodology for the identification of G-SIBs
On 29 March 2021, there was published in the Official Journal of the EU (OJ) Commission Delegated Regulation (EU) 2021/539 of 11 February 2021 amending Delegated Regulation (EU) No 1222/2014…
Global Regulation Tomorrow
PRA decision on systemic risk buffer rates
On 7 December 2020, the PRA announced its decision to maintain firms’ systemic risk buffer rates at the rate set in December 2019 for a further year until December 2022,…
Cov Financial Services
Federal Reserve’s LISCC Program to Apply Only to U.S. G-SIBs
On November 6, 2020, the Board of Governors of the Federal Reserve System (the “FRB”) announced that, beginning in 2021, its Large Institution Supervision Coordinating Committee (“LISCC”) supervisory program will…
The D&O Diary
Climate Change as a “Systemic Risk”: Markets, Regulation, and Disclosure
If you have not yet seen SEC Commissioner Allison Herren Lee’s speech delivered last week to the PLI’s annual Institute on Securities Litigation, you should take a few minutes and…
The CLS Blue Sky Blog
Climate Change as Systemic Risk
Governments have tended to treat climate change as primarily an issue of environmental policy. Recent climate change-related events, ranging from hurricanes to forest fires to floods, and their devastating effects…
Global Regulation Tomorrow
EBA final guidelines on the appropriate subsets of sectoral exposures in the application of a systemic risk buffer
On 2 October 2020, the European Banking Authority (EBA) published a set of guidelines on the appropriate subsets of sectoral exposures to which a Member State competent or designated authority…
Global Regulation Tomorrow
EBA updates data for the global systemically important institutions (G-SIIs) for the 2019 period
By Simon Lovegrove (UK), Clarinda Grundy
On 20 August, the European Banking Authority (EBA) updated data relating to the 37 largest institutions in the EU whose leverage ratios exceed EUR 200 billion. This in turn will…