The Basel Committee on Banking Supervision (BCBS) has published its second consultative document on revisions to the securitisation framework, including draft standards text.
The revisions to the capital framework set out in the consultative document seek to address a number of shortcomings in the existing securisation framework and to strengthen the capital standards for securisation
In January 2013, the Basel Committee on Banking Supervision (BCBS) issued its Principles for effective risk data aggregation and risk reporting (the Principles). The purpose of the Principles is to strengthen risk data aggregation and risk reporting practices at banks to improve risk management practices.
The Principles were initially addressed to systemically important banks and
The Lending Standards Board has published two reports setting out its findings from themed reviews. The themed reviews relate to:
The Lending Standards Board has published a revised version of the Lending Code. The latest revision includes new provisions on complaints analysis and compliance with the Debt Managers Standards Association’s Debt Management Plan Protocol, which are contained within paragraphs 218 and 261.
View The Lending Code: Setting standards for banks. building societies and credit card
The PRA has published the following Policy Statements concerning recovery and resolution:
The PRA has published Supervisory Statement 6/13: Stress testing, scenario analysis and capital planning (SS6/13). In SS6/13, the PRA clarifies how it expects firms to undertake stress testing, scenario analysis and capital planning in accordance with chapter 12 of the Internal Capital Adequacy Assessment rules in the PRA rulebook.
On 18 December 2013 the Banking Reform Bill received Royal Assent.
View Financial Services (Banking Reform) Bill 2012 – 13, 11 December 2013
The European Banking Authority (EBA) has published updated information on the EU banks that were part of the recapitalisation exercise that took place between December 2012 and June 2013. In addition to a summary report, the EBA provides information that covers data on banks’:
A virtual currency is a form of unregulated digital money, not issued or guaranteed by a central bank, which can act as a means of payment. More recently, the virtual currency ‘Bitcoin’ has set the scene for a new generation of decentralised, peer-to-peer virtual currencies – often referred to as crypto-currencies.
The European Banking Authority
The European Banking Authority (EBA) has published final draft regulatory technical standards (RTS) and implementing technical standards (ITS) on passport notifications. The final draft RTS and ITS to a large extent, build on the Passporting Guidelines developed by the Committee of European Banking Supervisors, the EBA’s predecessor.
The draft final RTS specify the information that