The Basel Committee on Banking Supervision has issued its fourth report on progress in adopting the principles for effective risk data aggregation and risk reporting. The report reviews globally systemically important banks’ (G-SIBs) progress in implementing the Basel Committee’s Principles for effective risk data aggregation and risk reporting and is based on results
HM Treasury has published a revised version of the Banking Act 2009 (the Act) special resolution regime (SRR) code of practice (the Code). The Code, issued in accordance with sections 5 and 6 of the Act, supports the legal framework of the SRR, and provides guidance as to how
The Lending Standards Board (LSB) has published new standards of lending practices (SLPs) for business customers. The SLPs replace the micro enterprise provisions of the Lending Code and are composed of the following 9 main areas:
The FCA has updated its web page concerning the national private placement regime (NPPR). The NPPR allows alternative investment fund managers (AIFMs) to market alternative investment funds (AIFs) that otherwise cannot be marketed under the Alternative Investment Managers Directive’s (AIFMD) domestic marketing or passporting regimes.
The FCA
The PRA has published Consultation Paper 5/17: Internal Ratings Based (IRB) approach: clarifying PRA expectations (CP5/17).
In CP5/17 the FCA sets out the PRA’s proposed changes to Supervisory Statement 11/13: Internal Ratings Based approach to clarify the PRA’s expectations for firms applying for IRB model approval as to:
The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) has postponed the commencement of the revised Remuneration Ordinance for Institutions (Institutsvergütungsverordnung – InstitutsVergV) for editorial and technical reasons. According to BaFin the InstitutsVergV, will come into force in the second quartile 2017. The revised draft implements the European Banking Authority’s
The fifth issue of our Global Asset Management Quarterly is now available.
This publication highlights key developments that will be of interest to, and affect, our asset management clients, including market trends and developments in tax and buy-side regulation globally.
The European Central Bank (ECB) has published a speech given by Sabine Lautenschlager, Vice-Chair of the ECB’s Supervisory Board, on fintech companies and the future of banking.
In her speech Ms Lautenschlager states:
“There is a chance that fintechs will deeply transform the banking business. It is up to the regulators and supervisors
Every year the Basel Committee on Banking Supervision (Basel Committee) publishes reports from its members on actions taken or planned to address findings identified in Regulatory Consistency Assessment Programme (RCAP) assessments. These reports are based on self-reporting and are published alongside the original RCAP assessment report.
The Basel Committee has published
The European Commission (Commission) has published an inception impact assessment on its review of the appropriate prudential treatment for investment firms. The impact assessment aims to inform stakeholders about the Commission’s work in order to allow them to provide feedback on the intended initiative and to participate effectively in future consultation activities.
The