US regulators have finalised rules that modify the resolution planning requirements, or living wills, for banks.

Five agencies are proposing that swap entities would not have to hold initial margin for uncleared swaps with their affiliates while inter-affiliate transactions would still be subject to variation margin requirements.

Four US agencies said in a joint statement that they have signed up to the Global Financial Innovations Network (GFIN), an initiative designed to foster international cooperation among regulators in the field of innovation.

Four US agencies are seeking feedback on their proposals for allowances for credit losses and guidance on credit risk review systems.

Financial institutions and regulatory agencies are being given an opportunity to comment on the consistency of the Uniform Financial Institutions Rating System, also known as CAMELS ratings.

Nine large financial firms are calling on supervisors to force central counterparty clearing houses (CCPs) to carry more capital and to have clearer resolution plans as they fear they still pose a systemic risk.  

Australian banks will be asked by their prudential regulator to draw up annual declarations on governance and corporate conduct and will face reviews if their performance in these areas is not up to scratch. 

The Bank of England plans to stress test how the financial system would stand up to various climate pathways, making it the first central bank to do so.