On 8 December 2023, the Council of the EU published the texts of the political agreement reached on the Capital Requirements Regulation III and the Capital Requirements Directive VI.
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
On 5 December 2023, the Prudential Regulation Authority (PRA) published Consultation Paper CP23/23 – Identification and management of step-in risk, shadow banking entities and groups of connected clients.
In CP23/23, the PRA sets out proposed rules requiring Capital Requirements Regulation (CRR) firms that are not small domestic deposit takers (
On 1 December 2023, the European Commission published a draft Delegated Regulation supplementing the Capital Requirements Directive IV (CRD IV) with regard to regulatory technical standards (RTS) specifying the supervisory shock scenarios, the common modelling and parametric assumptions and what constitutes a large decline together with an annex.
The draft Delegated
On 1 December 2023, the European Commission published a draft Delegated Regulation supplementing the Capital Requirements Directive IV (CRD IV) with regard to regulatory technical standards (RTS) specifying a standardised methodology to evaluate the risks arising from potential changes in interest rates that affect both the economic value of equity and
On 29 November 2023, the European Banking Authority (EBA) published a consultation paper on draft regulatory technical standards (RTS) on the conditions for assessing the materiality of extensions and changes to the use of alternative internal models and changes to the subset of the modellable risk factors referred to in Article
On 28 November 2023, the FCA published its latest IFPR newsletter.
At the start of the newsletter the FCA refers to its earlier publication of its observations from the multi-firm review into firms’ progress in implementing the internal capital adequacy and risk assessment (ICARA) process and reporting requirements under the Investment Firms
On 27 November 2023, the FCA published the final report on its multi-firm review into firms’ progress in implementing the internal capacity adequacy and risk assessment (ICARA) process and reporting requirements under the Investment Firms Prudential Regime (IFPR).
The multi-firm review aims to assist firms in understanding and meeting the requirements
On 27 November 2023, the FCA published the final report on its multi-firm review into firms’ progress in implementing the internal capacity adequacy and risk assessment (ICARA) process and reporting requirements under the Investment Firms Prudential Regime (IFPR).
The multi-firm review aims to assist firms in understanding and meeting the requirements