On 16 May 2024, the Business Banking Resolution Service (BBRS) published its Annual Report, for the year ended 31 December 2023.

The BBRS is a non-profit organisation set up to resolve disputes between eligible small and medium-sized businesses and participating banks. It was established in response to the commitments made by the

On 13 May 2024, the Basel Committee on Banking Supervision (Basel Committee) issued a press release confirming that the Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of the Basel Committee, met on 13 May 2024. It states that the GHOS welcomes the progress made in

On 30 April 2024, the Financial Conduct Authority (FCA) published Policy Statement PS24/4, in which it sets out its final rules relating to securitisation and summarises feedback to its earlier consultation for the UK securitisation markets (CP23/17). CP23/17 was published broadly in parallel with PRA Consultation Paper CP15/23. The PRA has

On 30 April 2024, the Prudential Regulation Authority (PRA) published PS7/24 on Securitisation General Requirements, providing feedback to responses the PRA received to consultation paper CP15/23 and setting out its final policy. The FCA has also published its Policy Statement on securitisation.

Background

The PRA published CP15/23 in July 2023, setting out its

On 27 November 2023, the Financial Stability Board (FSB) published the 2023 list of global systemically important banks (G-SIBs). FSB member authorities apply the following to G-SIBs: high capital buffer, total loss-absorbing capacity, group wide resolution planning and regular resolvability assessments and higher supervisory expectations including for risk management functions. The

On 27 November 2023, the Basel Committee on Banking Supervision published material related to the identification of the 2023 global systemically important banks (G-SIB), including updated denominators used to calculate banks’ scores, the thresholds used to allocate the banks to buckets and the values of the 13 high-level indicators of all banks in

On 27 November 2023, the Basel Committee on Banking Supervision (Basel Committee) published a supervisory newsletter on the adoption of the Principles for Operational Resilience (POR) and the revised Principles for the Sound Management of Operational Risk (PSMOR). The newsletter reports on the Basel Committee’s evaluation of the POR

On 22 November 2023, the Basel Committee on Banking Supervision (Basel Committee) published a newsletter on the implementation of the Principles for the effective management and supervision of climate-related financial risks (the Principles).

The Basel Committee published the Principles, which seek to improve banks’ climate-related financial risk management and supervisors’ practices

On 17 November 2023, the Council of the EU issued a press release stating that it had adopted a mandate to start negotiations with the European Parliament on the so called Daisy Chains proposal.

The Daisy Chains proposal is a targeted amendment of both the Bank Recovery and Resolution Directive and the Single Resolution Mechanism