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4 May 2021, 11:01 am by Jeremy T. Rosenblum and James Kim
  The OCC further argues that CSBS’s claims are constitutionally unripe because CSBS does not face a sufficiently “imminent” injury in fact and are prudentially unripe because the dispute is unfit for judicial review before a decision is made on Figure’s application. [read post]
8 Feb 2012, 8:29 pm by Michael Sykuta
These insights have important consequences, from banks choosing to correlate their risk exposures to the need for macro-prudential supervision. [read post]
28 Sep 2010, 3:23 am by James Hamilton
They will collect micro-prudential information and ensure a coordinated response in crisis situations. [read post]
We begin by discussing the objectives of financial reporting and bank regulation to help clarify that information standard setters require firms provide to the capital markets and information required by bank regulators for prudential supervision will not necessarily be the same. [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]
23 Nov 2017, 7:14 am by Simon Lovegrove
The European Banking Authority (EBA) has published a report which provides a summary of the 2016 – 17 EBA assessment of convergence of supervisory practices in accordance with Article 107 of the Capital Requirements Directive IV. [read post]
27 Jul 2020, 7:04 am by Simon Lovegrove (UK)
The Commission is proposing certain targeted amendments to this Regulation to facilitate fundraising by banks that play an essential role in financing the recovery of the real economy. [read post]
The consultations form part of the prudential package under the Regulation on Markets in crypto assets (MiCA), in particular Articles 36(4), 38(5), 45(7)(b) and 45(8) MiCA. [read post]
14 Dec 2021, 8:55 pm by Jochen Vester (UK)
Section 2.5 of the Commission Action Plan asks the EBA to consider the appropriate prudential treatment of the RW for defaulted exposures following the sale of a non-performing asset (NPL assets). [read post]
20 May 2012, 1:31 pm by David Jacobson
Subject to changes in timetables, here is our list of start dates for regulatory changes in the financial services sector. 28 May 2012 *new national system for business names registration 6 June 2012 *new price signalling laws for banking sector 1 July 2012 *consolidated APRA prudential standards take effect *Financial advice (FOFA) reforms due to start (with transition until 1 July 2013) *new credit card provisions start *New account switching rules *changes to tax concessions… [read post]
7 Aug 2017, 6:59 am by Imogen Garner and Albert Weatherill
To gain a better insight into the financial services offered and financial innovations applied by fintech firms in the EU, and their regulatory treatment, in spring 2017 the European Banking Authority (EBA) undertook a fintech mapping exercise. [read post]
19 Oct 2011, 8:22 am
He is no longer working on the American International Group Inc case following Bank of America's objections, the bank said in the filing, made late on Monday. [read post]
22 Apr 2018, 7:55 pm by Ivan Yau and Zein El Hassan (AU)
In response to revelations by the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry (Royal Commission), Treasurer Scott Morrison has, this week, confirmed that: “One of the reasons I introduced the Banking Executive Accountability Regime was to create direct personal consequences for senior people, starting in the banks but clearly that will need to extend to other places which was always an intention. [read post]
22 Aug 2023, 9:00 pm by Sherica Celine
That is when private credit funds formed to fill the gap created by the shrinkage in traditional bank lending. [read post]
25 Sep 2014, 4:20 pm by Sabrina I. Pacifici
About 30 U.S. bank holding companies and a larger number of foreign banks have more than $50 billion in assets, and the FSOC has designated two insurers (AIG and Prudential) and GE Capital as systemically important. [read post]
25 Feb 2012, 11:39 am by James Hamilton
Absent legislation, privileged information within a draft CFPB report could lose its privileged status when shared with the prudential regulators, while privileged information in the draft report of a prudential regulator would remain privileged even after being received by the CFPB. [read post]
16 Sep 2010, 12:14 pm by Mark S. Humphreys
Prudential defends its actions saying that the accounts were administered much the same way as banks run convential on demand checking accounts and that they have done nothing wrong or improper. [read post]
The proposal would also add language to Section 1026 of Dodd-Frank which addresses the CFPB’s supervisory authority as to banks with $10 billion or less in total assets to provide that the CFPB (1) can include its examiners in examinations performed by a bank’s prudential regulator to assess not only the bank’s compliance with “Federal consumer financial law” but also MLA compliance, and (2) the requirement for the CFPB to notify… [read post]
27 May 2008, 7:09 pm
  Providers that are banks, building societies and credit unions; and life insurance companies will continue to be prudentially regulated under the Banking Act 1959 and Life Insurance Act 1995 respectively. [read post]