Tag: Capital Adequacy

IFPR: Impact – Helping you manage each step of your internal implementation projects

The UK Investment Firm Prudential Regime (IFPR) will take effect on January 1, 2022. This will have a significant impact on UK MiFID II investment firms and CPMIs, who should start considering the likely impact of the new prudential regime and the adjustments that will be required to their internal systems and controls. With the … Continue Reading

PS29/20 – CRD V

On 28 December 2020, the PRA published Policy Statement 29/20: Capital Requirements Directive V (CRD V) (PS29/20). In PS29/20 the PRA sets out the final policy to Consultation Paper 22/20: Designation of firms within certain consolidation groups (CP22/20) . It also contains final PRA Rulebook instruments, Statements of Policy, Supervisory Statements and templates as published … Continue Reading

PRA statement on the EU requirement on prudential treatment of software assets

On 30 December 2020, the PRA issued a statement following the publication in the Official Journal of the EU of European Commission Delegated Regulation 2020/2176 which adopts the European Banking Authority (EBA) regulatory technical standards on the prudential treatment of software assets per Article 36(1)(b) of the amended Capital Requirements Regulation (CRR). In the statement … Continue Reading

OSFI issues final versions of the capital adequacy requirements and the leverage requirements guidelines

The Office of the Superintendent of Financial Institutions (OSFI) has issued its final version of the Capital Adequacy Requirements (CAR) guideline and Leverage Requirements (LR) guideline. OSFI updates its CAR guideline periodically to ensure capital requirements reflect the underlying risks and developments in the financial industry. The LR guideline supplements this by setting out the … Continue Reading

Federal Reserve Board allows state and municipal bonds to be used for LCR eligibility

On April 11, 2016, the Federal Reserve Board published a final rule that allows banking organizations under its jurisdiction the flexibility to include some state and municipal securities in meeting certain of its liquidity requirements. It is effective July 1, 2015. In September 2014, the US federal banking regulators (the Federal Reserve Board, the Office … Continue Reading

US banking regulators finalize liquidity coverage ratio rules

On September 3, 2014, the US federal banking regulators (the Federal Reserve Board, the Federal Deposit Insurance Corporation and the Office of Comptroller of the Currency) announced the final adoption of the liquidity coverage ratio for large financial institutions under their supervision. The liquidity coverage ratio, or LCR, requires that covered banking organizations maintain sufficient … Continue Reading

Agencies finalize changes to supplementary leverage ratio requirements

On September 3, 2014, the US banking agencies (the Federal Reserve Board, the Federal Deposit Insurance Corporation and the Office of Comptroller of the Currency) issued a final rule adjusting the calculation of the supplementary leverage ratio in order to conform to recently adopted recommendations of the Basel Committee of the Bank for International Settlements, … Continue Reading
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