Topic: UK Prudential Regulation Authority
PRA expands OCIR umbrella
The UK’s Prudential Regulation Authority has proposed expanding its operational continuity expectations to protect firms’ core business lines during resolutions and restructurings.
02 November 2020
FCA and PRA push Brexit changes as transition end-date approaches
The UK’s Financial Conduct Authority is encouraging riskier EU banks to establish local subsidiaries rather than branches after Brexit, in a new guide to its approach to international firms – while the Prudential Regulation Authority has issued changes to its binding technical standards and rulebook as the transition nears its end.
24 September 2020
UK PRA revisits pandemic measures
The UK’s Prudential Regulation Authority will terminate a counter-cyclical emergency capital requirements policy adopted at the outset of the pandemic, while issuing new guidance on the treatment of deferrals under the IFRS 9 accounting standard.
28 August 2020
ECB warns banks to improve internal capital checks
European banks need to “do more” to improve data quality and stress testing practices in their internal capital adequacy assessment processes (ICAAPs), the European Central Bank has warned.
19 August 2020
FCA eyes gender neutral remuneration policies ahead of CRD V
The UK’s Financial Conduct Authority will require dual-regulated firms to “ensure and demonstrate” gender-neutral remuneration practices as part of CRD V compliance – while the Prudential Regulation Authority announces changes to its group buffer policies under the directive.
04 August 2020
A “map that gets you up the mountain”: PRA simplifies rules for new banking entrants
The UK’s Prudential Regulation Authority has introduced a set of new proposals to simplify regulatory requirements for new entrants to the banking market.
24 July 2020
MEPs demand answers after Blackrock arm wins EU banking regulation role
A group of MEPs has demanded explanations after the EU selected asset manager BlackRock, a major investor in oil companies and banks, to advise on the incorporation of environmental and social factors into European banking regulations.
24 April 2020
HSBC shareholders resist dividend suspensions
A group of Hong Kong shareholders is mulling legal action against HSBC for acquiescing to the Bank of England's request that it forgo shareholder dividends.
07 April 2020
The rainy day is here: regulators delay reforms and dial down capital buffers amid Covid-19
Regulators around the world are delaying long-planned reforms, cancelling stress tests and reducing or eliminating capital buffer requirements as financial institutions grapple with the economic impact of the Covid-19 outbreak.
20 March 2020
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