Global banking regulators target mismanagement in handling risks from clients

Global banking regulators on Tuesday proposed stricter standards for banks when assessing risks from customers to avoid the mismanagement highlighted by the collapse of Archegos, and episodes of volatility in commodities and Britain’s government bond market.

It is the latest sign of how regulators are scrutinizing links between lenders and the vast “nonbank” sector made up of private equity, insurers, investment funds and family investment offices. “The greatest potential benefit in terms of improvements in CCR management are expected to be in cases where banks have high-risk exposures to nonbank financial intermediary counterparties.”

Other cases include commodities market volatility after Russia’s invasion of Ukraine in 2022 which upended the London Metal Exchange’s nickel market, and disruption in the U.K. government bond market after Prime Minister Liz Truss’s package of unfunded tax cuts.

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