The Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions (CPMI-IOSCO) have published a consultative report concerning the harmonisation of the unique product identifier (UPI).
The consultative report outlines the CPMI-IOSCO’s proposed principles and high-level business specifications for the UPI and asks for feedback on them, in particular whether any of
The European Banking Authority has published a final report setting out draft regulatory technical standards (RTS) on certain prudential requirements for central securities depositories under the Central Securities Depositories Regulation (CSDR).
The final draft RTS concern the:
The European Banking Authority (EBA) has published final draft regulatory technical standards (RTS) on detailed records of financial contracts. The RTS have been developed within the framework established by the Bank Recovery and Resolution Directive.
The RTS are intended to promote a consistent and systemic approach to ensure that Member State competent authorities and resolution
The European Banking Authority (EBA) has published final draft regulatory technical standards (RTS) on the content of business reorganisation plans and progress reports, as well as guidelines defining how to assess plans. The RTS have been developed within the framework established by the Bank Recovery and Resolution Directive.
The European Banking Authority (EBA) has published final draft regulatory technical standards (RTS) on the methodology for the valuation of derivative liabilities for the purpose of bail-in resolution. The RTS have been developed within the framework established by the Bank Recovery and Resolution Directive.
The RTS will provide EU resolution authorities with a methodology for the valuation of derivative liabilities of credit institutions placed under resolution and ensure that the discipline brought in by the new bail-in tool can effectively be extended to these liabilities too.
The European Banking Authority (EBA) has published a report on the impact assessment and calibration of the Net Stable Funding Ratio (NSFR), recommending the introduction of the NSFR in the EU to ensure stable funding structures. The report also flags that while the Basel NSFR standard is seen as fitting well within the EU banking framework, certain EU specificities should be taken into account. This is in particular the case of trade finance, pass-through models, central counterparties, centralised regulating savings and residential guaranteed loans.
The Basel Committee on Banking Supervision (BCBS) has published a consultation paper on the identification and measurement of step-in risk.
Step-in risk is the risk that a bank may provide financial support to an entity beyond, or in the absence of, any contractual obligations should the entity experience financial stress. To capture and address this
The Basel Committee on Banking Supervision (BCBS) has published its third progress report on banks’ adoption of its Principles for effective risk data aggregation and risk reporting, published in January 2013.
The BCBS notes that although global systemically important banks (G-SIBs) are increasingly aware of the importance of strengthening risk data aggregation and risk
The Canadian government continues to be concerned with the escalation in house prices in Canada, particularly in Toronto and Vancouver. While the government will not say that it considers these markets to be overvalued, clearly, there is concern that the extended period of low interest rates has caused homeowners to be overextended. On December 11
The FCA and PRA have published the following documents relating to the senior managers’ regime for UK branches of foreign banks (incoming branches) following their joint consultation paper in March 2015: