Topic: Prudential regulation

PRA releases updated model risk management policy

The UK’s Prudential Regulation Authority has published its model risk management policy, but will limit its scope to mull over proportional implementation definitions for “Simpler-regime” banks.

22 May 2023

EBA finalises standards for investment firm groups’ prudential consolidation

The European Banking Authority has completed its investment firm regulatory roadmap with new proposed standards for the prudential consolidation of investment firm groups, outlining requirements for consolidation methods and how consolidated groups establish internal control mechanisms and organisational structures.

17 May 2023

BoE seeking to incentivise cooperation in consolidated enforcement approach

The UK’s central bank has announced plans to unify its enforcement approach, providing “carrots” for early cooperation and, potentially, disproportionately large fines for regulatory infringements by big firms.

15 May 2023

FDIC eyes targeted coverage to avoid future bank runs, after issuing US$16 billion bill over Signature-SVB

As the Federal Deposit Insurance Corporation announces its US$16 billion bill on the US banking sector for its rescue of depositors of SVB and Signature Bank in March, the regulator has suggested further guarantees large deposit of specific account types to provide reassurance during liquidity stress while limiting moral hazard.

11 May 2023

Nature risk: the next frontier

Since last year’s COP15, nature risk is attracting increasing attention, with a new framework from the G20’s Taskforce on Nature-related Financial Disclosures nearing completion. So, what should firms that want to gain a first-mover advantage expect? Kelvin Ng reports from Amsterdam.

10 May 2023

DIFC pushes money services changes ahead of overhaul next year

The Dubai International Financial Centre is planning an overhaul of its approach to money services, crowdfunding and crypto, with the free zone’s financial regulator planning several changes to its policy framework ahead of a broader review of the regime next year.

04 May 2023

Who owns what: practitioners discuss post-FTX crypto market and legal reforms at ISDA forum

The Law Commission and practitioners have discussed the proprietary control issue in potential legal reforms around digital assets and reassessing their risks after the Crypto Winter.

24 April 2023

UK industry body calls for retaining SME support in Basel III implementation

The UK’s largest banking association has critiqued the Prudential Regulation Authority’s plans to remove support for small to medium-sized enterprises as part of its “super equivalent” plans for Basel III implementation.

06 April 2023

First full SMCR review promises only “tweaks”, not overhauls, practitioners say

Experts have said UK’s first full review of the Senior Managers and Certification Regime is “bland” and that the UK government is merely “looking for a pat on the back” for its efforts.

04 April 2023

“Not about unlearning lessons”: UK plans ring-fencing and bank resolution tie-up

A year after the Skeoch Review called for the UK to align its ring-fencing and bank resolution regimes, the UK government has fired the starting gun on the process to do so with a plan which would take some firms out of its scope.

06 March 2023

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