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31 Jan 2016, 5:01 pm by Sabrina I. Pacifici
The PR rules apply to swap entities that are prudentially regulated by a U.S. prudential regulator (“PR CSEs”). [read post]
Artificial intelligence – As set out in DP5/22, a discussion paper issued jointly by the FCA, Prudential Regulation Authority and Bank of England, artificial intelligence and machine learning are rapidly developing technologies that have the potential to transform financial services. [read post]
20 Jun 2022, 7:56 am by John L. Culhane, Jr. and Michael Gordon
The RFI appears to stem from the CFPB’s view that large banks are not providing consumers with adequate service and “are increasingly shifting toward algorithmic banking and away from relationship banking. [read post]
”  To that end, the Basel Principles are divided into two main parts: guidance for banks on the effective management of climate-related financial risks and guidance for prudential supervisors. [read post]
19 Sep 2008, 4:23 pm
More prudential oversight is not likely to be helpful, in an age of rigorous risk modeling, and complex federal insolvency regimes (as in the banking industry) are not likely to be tractable for investment banks. [read post]
2 Jun 2020, 8:55 pm by Jochen Vester (UK)
On 29 May 2020, the European Banking Authority (EBA) published a consultation paper on the draft amended regulatory technical standards (RTS) on own funds and eligible liabilities. [read post]
25 Feb 2021, 8:55 pm by Simon Lovegrove (UK)
On 24 February 2021, the European Banking Authority (EBA) issued two public consultations on regulatory technical standards (RTS) and implementing technical standards (ITS) on cooperation and information exchange between Member State competent authorities involved in the prudential supervision of investment firms. [read post]
4 Jun 2021, 5:07 am by Jochen Vester (UK)
In CP10/21 the PRA sets out proposed rules in respect of the implementation of updated prudential standards agreed by the Basel Committee on Banking Supervision for non-performing loan securitisations. [read post]
20 Sep 2018, 6:51 am by Jochen Vester (UK)
On 19 September 2018, the Prudential Regulation Authority (PRA) and FCA jointly published a Dear CEO letter to banking firms on firms’ preparations for the transition from LIBOR to risk-free rates (the Letter). [read post]
19 Jun 2013, 5:08 am by James Hamilton
They said that Basel II relied on a risk-weighting system that inaccurately assigned safe ratings to mortgage-backed security collateralized debt obligations and credit default swaps that actually amplified risk instead of mitigating it.Under the legislation, bank holding companies will be restricted in their ability to move assets or liabilities from non-banking affiliates to a banking affiliate within the bank holding company structure. [read post]
15 Mar 2012, 12:48 am
Prudential Plc has sparked a debate about Solvency II, which has featured on the UK evening news. [read post]
22 Nov 2011, 12:34 pm by David Jacobson
APRA has published a speech by Charles Littrell its Executive General Manager, Policy, Research and Statistics, on Prudential Issues in Securitisation. [read post]
The CRR has been amended by the CRR II (Regulation 2019/876) and the Capital Requirements Directive (CRD) V introduced certain new prudential requirements into the CRD IV. [read post]
These would, in general, be different from those applicable to banks, but Member State national competent authorities (NCAs) could allow to continue applying banking requirements to certain firms, on a case by case basis, to avoid disrupting their business models. [read post]
6 Dec 2018, 8:35 am by Simon Lovegrove (UK)
The first deal concerns amending the EU’s prudential requirements (CRD V / CRR II) by  increasing lending capacity and creating deeper and more liquid capital markets. [read post]
2 Nov 2022, 5:01 am by Adam Isles
The Bank of England’s Prudential Regulation Authority adopted a program for threat-intelligence-driven penetration testing known as CBEST to promote cyber resiliency for core regulated entities. [read post]
6 Sep 2011, 2:44 pm by James Hamilton
Establish a five member board of directors or Commission similar to the SEC in place of a single director; subject the CFPB to the congressional appropriations process; and establish a safety-and-soundness check for prudential regulators. [read post]
3 Apr 2020, 3:55 am by Nikolai de Koning (NL)
DNB’s Q&A and Good Practice are in line with the European developments in this area: the ECB will consult the sector in areas such as climate-related risks, and expects to issue its supervisory expectations for this topic later in the year; and as part of the new Article 98 (8) revised Banking Directive, the European Banking Authority has been mandated to investigate how Environmental, Social and Governance risks can be included as part of prudential assessment… [read post]
On June 23rd, the UK’s Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) [1] finalized a joint bonus compensation rule that was proposed last July. [read post]