- In a recent US shake up for Asset Managers the Federal Deposit Insurance Corporation has approved a proposal mandating that large managers of passive investment funds adhere to new restrictions before purchasing and holding significant stakes in publicly traded banks. Read more.?
- Firms are facing uncertainties surrounding fundamental review of the trading book (FRTB) models, with the European Union postponing the implementation to January 2026.? The EU is concerned that with the US lagging behind in Basel III adoption, the FRTB models would put European Lenders at a significant disadvantage to their US counterparts. “Further work remains to be done” says Caroline Liesegang, managing director and head of capital and risk management, sustainable finance, and research at
AFME (Association for Financial Markets in Europe)
. ?
- Bank for International Settlements – BIS have published their latest Annual Economic Report with a focus on the increasing use of artificial intelligence technology in banking. The report details machine learnings computing power for unstructured data use cases highlighting “Data availability and data governance are key enabling factors for central banks’ use of AI.” ?
- Hunting for Regulatory Talent: Banks and Asset Managers are seeking new roles to cope with the increasing regulatory requirements with Senior Analysts with EMIR Refit knowledge now in high demand.??
- Internal project budgets shifts: Delays on some transformation projects forecast as budgets are cut internally to improve day-to-day operations. ?
- Still feeling the outage chaos: The recent CrowdStrike update causing a Microsoft outage is still causing internal issues after initial chaos impacting including banking, airlines, healthcare and more. ?
