On 12 September 2024, HM Treasury (HMT) published a Policy Paper ‘Applying the FSMA 2000 model of regulation to the Capital Requirements Regulation’.
The Financial Services and Markets Act (FSMA) 2023 revoked assimilated law on financial services so that areas of regulation covered by assimilated law can be made consistent
On 11 January 2024, HM Treasury (HMT) published a consultation on enhancing the Special Resolution Regime. The consultation sets out HMT’s proposals to enhance the UK’s resolution regime for banking institutions (i.e., banks, building societies, and Prudential Regulation Authority-designated investment firms), with the aim of ensuring that the UK continues to have
On 19 December 2023, the European Central Bank (ECB) published the results of its 2023 Supervisory Review and Evaluation Process (SREP) and its supervisory priorities for 2024 – 2026.
The SREP is an annual exercise in which ECB supervisors examine EU banks’ risks and produce capital requirements and guidance for each
On 19 December 2023, the Prudential Regulation Authority (PRA) published a consultation paper, CP28/23, on the leverage ratio treatment of omnibus account reserves and minor amendments to the leverage ratio framework.
CP28/23 sets out the PRA’s proposals to:
On 14 December 2023, the European Banking Authority (EBA) issued two consultation papers which contain amendments to the regulatory technical standards (RTS) on the fundamental review of the trading book (FRTB) and on the standardised approach for counterparty credit risk (SA-CCR).
The proposed amendments are part of
On 14 December 2023, the European Banking Authority (EBA) published a discussion paper on the centralisation of EEA banks Pillar 3 disclosures in the EBA Pillar 3 data hub.
The Capital Requirements Regulation 3 introduces a new mandate for the EBA to centralise institutions’ prudential disclosures and make prudential information readily available through
On 14 December 2023, the European Banking Authority (EBA) issued a consultation paper containing draft implementing technical standards (ITS) amending Commission Implementing Regulation (EU) 2021/451 on supervisory reporting referred to in Article 430(7) of the Capital Requirements Regulation (CRR) concerning the output floor, credit risk, market risk and the
On 14 December 2023, the European Banking Authority (EBA) issued a consultation paper on draft implementing technical standards (ITS) amending Commission Implementing Regulation (EU) 2021/637 on public disclosures by institutions of the information referred to in Titles II and III of Part Eight of the Capital Requirements Regulation (CRR).
On 12 December 2023, the Prudential Regulation Authority (PRA) published the first of two near-final policy statements covering the implementation of the Basel 3.1 standards for market risk, credit valuation adjustment risk, counterparty credit risk and operational risk.
The policy statement, PS17/23, takes account of feedback the PRA received to its consultation paper
On 5 December 2023, the Prudential Regulation Authority (PRA) published Policy Statement PS15/23 – The Strong and Simple Framework: Scope criteria, liquidity and disclosure requirements (PS15/23).
In PS15/23, the PRA provides feedback to responses to consultation papers CP4/23 – The Strong and Simple Framework: Liquidity and Disclosure requirements for Simpler-regime Firms