net_left adver left

Banks still need to learn lessons from 2022 crises - BoE says

Wednesday, January 11, 2023
Banks still need to learn lessons from 2022 crises - BoE says © Reuters. FILE PHOTO: A general view of the Bank of England (BoE) building in London, Britain, August 4, 2022. REUTERS/Maja Smiejkowska/

By Iain Withers

LONDON (Reuters) - Banks still need to improve their risk management and learn the lessons from various crises that rocked markets in 2022, regulators at the Bank of England said on Tuesday.

The market reaction to Russia's invasion of Ukraine and turmoil in nickel and British government bond markets highlighted risk deficiencies at banks, the BoE's Prudential Regulation Authority (PRA) wrote in letters to bank CEOs.

The shortcomings came despite the PRA asking firms to review their risk exposures after the collapse of Archegos Capital Management - which saddled global banks with $10 billion of losses - the previous year, the regulator said.

"However, despite regular messaging from the PRA on the subject, these events demonstrated that firms continue to unintentionally accrue large and concentrated exposures to single counterparties, without fully understanding the risks that could arise," the letters said.

"In 2023, firms must ensure that those lessons from past crises are definitively learned in full, and thoroughly embedded across the first and second lines of defence."

The letters outlined the PRA's supervisory priorities for banks for 2023, and also called on domestic lenders to ensure they were able to continue to support businesses and households and withstand a challenging global economic outlook.

In a separate letter to insurers, the PRA said the blow-up in so-called liability-driven investment strategies for pension funds last year had highlighted gaps in firms' liquidity risk frameworks that would require further work.

The PRA also warned insurers that their management of exposures to non-natural catastrophes such as cyberattacks remained "immature" and could risk outsized losses, adding that it would work with the industry to better manage the risks.

The warnings from the Bank of England echo a similarly cautious message from the euro zone's chief supervisor, the European Central Bank.

It said last December banks need to prepare for the impact of higher interest rates, pointing to the threat of loan losses.

The ECB urged banks to prepare for the wider impact of rising borrowing costs, such as higher withdrawals of savings, and it singled out the risk of banks' derivatives linked to interest rates.

Leave your comment
HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
23-03-2023 01:26:40 (UTC+7)

EUR/USD

1.0852

+0.0085 (+0.79%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

EUR/USD

1.0852

+0.0085 (+0.79%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

GBP/USD

1.2295

+0.0081 (+0.66%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

USD/JPY

131.88

-0.62 (-0.46%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

AUD/USD

0.6717

+0.0049 (+0.73%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (2)

USD/CAD

1.3699

-0.0014 (-0.11%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (3)

Sell (3)

EUR/JPY

143.11

+0.44 (+0.31%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (8)

Sell (0)

EUR/CHF

0.9974

+0.0045 (+0.45%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (2)

Sell (3)

Gold Futures

1,961.90

+20.80 (+1.07%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Silver Futures

22.898

+0.473 (+2.11%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

Copper Futures

4.0565

+0.0625 (+1.56%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Crude Oil WTI Futures

70.90

+1.23 (+1.77%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Brent Oil Futures

76.68

+1.36 (+1.81%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (2)

Natural Gas Futures

2.159

-0.189 (-8.05%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

US Coffee C Futures

177.53

-2.77 (-1.54%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Euro Stoxx 50

4,195.70

+14.10 (+0.34%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (6)

S&P 500

4,010.10

+7.23 (+0.18%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (4)

DAX

15,216.19

+20.85 (+0.14%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

FTSE 100

7,566.84

+30.62 (+0.41%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (5)

Sell (2)

Hang Seng

19,591.43

+332.67 (+1.73%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (4)

US Small Cap 2000

1,780.70

+2.96 (+0.17%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (5)

IBEX 35

9,009.30

-40.10 (-0.44%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (6)

BASF SE NA O.N.

46.560

+0.390 (+0.84%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (1)

Bayer AG NA

56.63

-0.55 (-0.96%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Allianz SE VNA O.N.

208.10

-0.20 (-0.10%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

Sell (1)

Adidas AG

141.00

-1.60 (-1.12%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

Deutsche Lufthansa AG

9.878

-0.051 (-0.51%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (8)

Sell (0)

Siemens AG Class N

144.94

+2.16 (+1.51%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (11)

Sell (0)

Deutsche Bank AG

9.643

-0.206 (-2.09%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (4)

Sell (5)

 EUR/USD1.0852↑ Buy
 GBP/USD1.2295↑ Buy
 USD/JPY131.88↑ Sell
 AUD/USD0.6717↑ Buy
 USD/CAD1.3699Neutral
 EUR/JPY143.11↑ Buy
 EUR/CHF0.9974Neutral
 Gold1,961.90↑ Buy
 Silver22.898↑ Buy
 Copper4.0565↑ Buy
 Crude Oil WTI70.90↑ Buy
 Brent Oil76.68↑ Buy
 Natural Gas2.159↑ Sell
 US Coffee C177.53↑ Sell
 Euro Stoxx 504,195.70↑ Sell
 S&P 5004,010.10Neutral
 DAX15,216.19↑ Sell
 FTSE 1007,566.84Neutral
 Hang Seng19,591.43Sell
 Small Cap 20001,780.70Neutral
 IBEX 359,009.30↑ Sell
 BASF46.560↑ Buy
 Bayer56.63↑ Sell
 Allianz208.10Neutral
 Adidas141.00↑ Buy
 Lufthansa9.878↑ Buy
 Siemens AG144.94Buy
 Deutsche Bank AG9.643↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,650/ 6,700
(0/ 0) # 1,156
SJC HCM6,645/ 6,715
(0/ 0) # 1,171
SJC Hanoi6,645/ 6,717
(0/ 0) # 1,173
SJC Danang6,645/ 6,717
(0/ 0) # 1,173
SJC Nhatrang6,645/ 6,717
(0/ 0) # 1,173
SJC Cantho6,645/ 6,717
(0/ 0) # 1,173
Cập nhật 23-03-2023 01:26:42
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,957.12+14.20.73%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V23.96024.430
RON 95-III23.03023.490
E5 RON 92-II22.02022.460
DO 0.05S19.30019.680
DO 0,001S-V20.56020.970
Dầu hỏa 2-K19.46019.840
ↂ Giá dầu thô thế giới
WTI$70.73-1.24-1.79%
Brent$76.20-1.24-1.65%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.320,0023.690,00
EUR24.665,4826.068,68
GBP28.005,2129.224,11
JPY172,79183,08
KRW15,5518,96
Cập nhật lúc 18:50:07 22/03/2023
Xem bảng tỷ giá hối đoái
adver main right