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On 26 July, the Prudential Regulation Authority (PRA) published Policy Statement PS19/21 which provides feedback to responses to Consultation Paper (CP) 2/21 ‘International banks: The PRA’s approach to branch and subsidiary supervision’. [read post]
In response to the Call for Evidence, the government has committed to the following next steps: HM Treasury, working closely with the Financial Conduct Authority, the Bank of England and the Prudential Regulation Authority, will review the overseas regulatory perimeter. [read post]
19 Jul 2021, 12:30 pm by A.J. Dhaliwal and Moorari Shah
Putting it Into Practice:  While third-party risk management has been a focus of bank examinations for decades, prudential regulators are unifying their efforts as banks continue to partner with companies to help with core bank processing, accounting, compliance, human resources, and loan servicing. [read post]
19 Jul 2021, 12:30 pm by A.J. Dhaliwal and Moorari Shah
Putting it Into Practice:  While third-party risk management has been a focus of bank examinations for decades, prudential regulators are unifying their efforts as banks continue to partner with companies to help with core bank processing, accounting, compliance, human resources, and loan servicing. [read post]
16 Jul 2021, 10:22 am by Nikolai de Koning
On 16 July 2021, the Dutch Central Bank (De Nederlandsche Bank, DNB) published a consultation version of a good practices and Q&A document on the integration of climate-related and environmental risks in the risk management of investment firms and (managers of) investment funds (the Good Practices Document). [read post]
15 Jul 2021, 9:01 pm by Samuel Estreicher and Julian Ku
Arab Bank, No. 16-499, 584 U.S. ___ (2018), when it invoked prudential concerns about judicial power to create causes of action that complicate foreign relations and ruled that  Congress did not intend to authorize ATS claims against foreign corporations. [read post]
9 Jul 2021, 10:11 am by Kristian Soltes
Reserve Bank Sees No ‘Policy Case’ for Digital Aussie Dollar Just YetZDNet – July 6, 2021 The Reserve Bank of Australia (RBA), alongside its Council of Financial Regulators partners — RBA, Treasury, the Australian Prudential Regulation Authority and the Australian Securities and Investments Commission — has been looking into a potential central bank digital currency (CBDC). [read post]
8 Jul 2021, 1:16 am by Flupke van den Bogart
The amendments will be part of the overall proposal to implement the final Basel III prudential standards. [read post]
7 Jul 2021, 8:55 pm by Hannah Meakin (UK)
On 6 July 2021, the following European Commission Implementing Decisions on the equivalence of the regulatory regimes of third countries under the European Market Infrastructure Regulation were published in the Official Journal of the EU: Commission Implementing Decision (EU) 2021/1103 of 5 July 2021 on the recognition of the legal, supervisory and enforcement arrangements of Brazil for derivatives transactions entered into by Brazilian institutions under the regulation of the Central Bank… [read post]
2 Jul 2021, 8:45 pm by Jochen Vester (UK)
For most investment firms, sufficient clarity already exists with regards to the prudential regime, which applies to them. [read post]
2 Jul 2021, 8:40 pm by Martin Krause (DE)
It was also noted that the ESRB had published its annual report covering its risk assessment and contributions to the macro-prudential policy framework over the period 1 April 2020 to 31 March 2021. [read post]
29 Jun 2021, 8:40 pm by Martin Krause (DE)
On 28 June 2021, the European Banking Authority (EBA) issued a consultation on revised guidelines on common procedures and methodologies for the supervisory review and evaluation process (SREP) and supervisory stress testing. [read post]
28 Jun 2021, 6:20 am by Simon Lovegrove (UK)
On 25 June 2021, the European Banking Authority (EBA) issued final draft Implementing Technical Standards (ITS) on information on supervisory approaches and aggregate statistical data concerning the new prudential requirements that Member State competent authorities will have to disclose publicly for all types of EU investment firms authorised under MiFID II. [read post]
25 Jun 2021, 8:40 pm by Matthew Gregory (UK)
The update is designed to ensure that the EU prudential framework does not create disincentives to the sale of non-performing assets. [read post]
24 Jun 2021, 8:40 pm by Simon Lovegrove (UK)
On 23 June 2021, the European Banking Authority (EBA) issued a report on the treatment of incoming third country branches (TCB) under the national law of Member States. [read post]
23 Jun 2021, 8:45 pm by Simon Lovegrove (UK)
Amendments required to ensure the macro-prudential framework, in relation to the Financial Policy Committee’s powers of direction, is consistent with the updated prudential regime for banks, following the passing of the Act and associated secondary legislation. [read post]
22 Jun 2021, 8:50 pm by Jochen Vester (UK)
As such the proposed changes in the PRA Rulebook do not create any new prudential requirements. [read post]
16 Jun 2021, 10:00 pm
The Basel Committee on Banking Supervision (Basel Committee), a committee of global central bankers and regulators, issued a Consultative Document on June 10 on the prudential treatment of cryptoasset exposures for international banks (the Proposal). [read post]
16 Jun 2021, 10:00 pm
The Basel Committee on Banking Supervision (Basel Committee), a committee of global central bankers and regulators, issued a Consultative Document on June 10 on the prudential treatment of cryptoasset exposures for international banks (the Proposal). [read post]