Bank of England published discussion paper on artificial intelligence and machine learning
  • Thursday, 1 December 2022

Bank of England published discussion paper on artificial intelligence and machine learning

Artificial intelligence (AI) and machine learning (ML) are rapidly developing technologies that have the potential to transform financial services. These technologies may bring important benefits to consumers, financial services firms, financial markets, and the wider economy. AI, however, can pose novel challenges as well as create new regulatory risks, or amplify existing ones. The Bank […]

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EBA and central banks identify risks in the housing market
  • Thursday, 1 December 2022

EBA and central banks identify risks in the housing market

The EBA published a thematic note on EU banks’ residential real estate exposures. EU banks reported more than EUR 4.1 trillion of loans and advances collateralized by residential immovable property. This corresponds to one third of all loans towards households and non-financial corporates. DNB sees the worsened economic conditions as a driver for a decline […]

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ECB seeks to cut subsidy to banks as rate hikes leave it on hook
  • Thursday, 1 December 2022

ECB seeks to cut subsidy to banks as rate hikes leave it on hook

The ECB has taken measures to soften the blow of the cost the central banks have due to the increased interest they need to pay on reserves deposited at the central bank (EUR 4.6 trillion). The interest rate calibration on the third series of targeted longer-term refinancing operations (TLTRO III) will be changed. Since 23 […]

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ECB sets deadlines for banks to deal with climate risks
  • Thursday, 1 December 2022

ECB sets deadlines for banks to deal with climate risks

The European Central Bank (ECB) has published the results of the 2022 thematic review on climate-related and environmental (C&E) risks. Together with the review, the ECB also published the Good practices for climate-related and environmental risk management. The thematic review concludes that over 85% of the banks included in the review have basic practices in […]

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Education on sustainable finance helps protect investors against fraud and greenwashing
  • Tuesday, 29 November 2022

Education on sustainable finance helps protect investors against fraud and greenwashing

The Board of the International Organization of Securities Commissions (IOSCO) published a report that identifies recent developments in investor education on sustainable finance, with a view to enhancing investor education and protection and supporting the sound development of this growing financial market. The report on Retail Investor Education in the Context of Sustainable Finance Markets […]

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