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21 Jan 2020, 12:25 am by Kevin LaCroix
(For example the Prudential Regulation Authority (PRA) has recently issued specific guidance on this issue to banks.) [read post]
Separately, the Prudential Regulation Authority (PRA) had published Supervisory Statement 3/19 in April 2019, setting out its expectations on managing the financial risks from climate change for insurers, banks, building societies and PRA-designated investment firms. [read post]
If designated significant, the supervision of the issuer could be conferred to the European Banking Authority. [read post]
25 Sep 2020, 8:55 pm by Flupke van den Bogart
On non-performing exposures securitisations, the presidency acknowledges the broad support for introducing a dedicated prudential treatment, but wants to wait for the adoption for the corresponding Basel standard before adopting such a provision. [read post]
16 Feb 2012, 3:27 am
“We've seen so many businesses, like retailers and banks, trying to get into that country and finding it difficult,” he notes. [read post]
20 Oct 2009, 11:47 am
The departure of Prudential and their PRUCO subsidiary was one thing, the capacity limits on cases with Allstate was another, but to me the utter failure of our profession and trade associations to work with affiliated professionals to EDUCATE our potential clients is the biggest train wreck. [read post]
The party’s references to open banking and finance reflect this approach, and perhaps of greatest note is its call to promote innovation. [read post]
15 Jul 2024, 5:26 am by Rob Robinson
Best Cyber Insurance Companies for Small Businesses of 2024 How Insurance Can Revolutionize DeFi: A Key to Unlocking Growth and Security Readying Your Company For The New SEC Cyber Incident Disclosure Cyber Insurance Cost: 2024 Customer Prices | Insureon Assisted by GAI and LLM Technologies Additional Reading Prudential Financial’s Data Breach Impact Soars to Over 2.5 Million Customers Evolve Bank Cyberattack Exposes Sensitive Data, Impacts Fintech Partners Wise and Affirm… [read post]
14 Jul 2024, 6:26 am by Rob Robinson
European Parliament Adopts Landmark Rules for Digital Services Assisted by GAI and LLM Technologies Additional Reading Prudential Financial’s Data Breach Impact Soars to Over 2.5 Million Customers Evolve Bank Cyberattack Exposes Sensitive Data, Impacts Fintech Partners Wise and Affirm Source: ComplexDiscovery OÜ The post Digital Services Act Enforcement Heats Up: X Faces Preliminary Findings appeared first on ComplexDiscovery. [read post]
22 Jan 2023, 9:01 pm by renholding
In addition, on December 21, 2022, the New York DFS proposed guidance for New York state-regulated banking and mortgage institutions relating to management of material financial risks from climate change. [read post]
29 Dec 2021, 12:00 pm by Kevin LaCroix
As long-time readers of this blog know, one of the long-range concerns in the D&O insurance industry is the possible exposures of corporate directors and officers to liability claims arising from climate change (as discussed most recently here). [read post]
28 Jun 2019, 8:09 am by Hollis Kelly
In practice this is a licensing process in all but name and subjects IFNs to prudential rules and reporting obligations. [read post]
28 Aug 2015, 6:45 pm
The papers submitted in connection with a motion for summary judgment are always viewed in the light most favorable to the non-moving party (Marine Midland Bank, N.A. v Dino & Artie's Automatic Transmission Co., 168 AD2d 610, 610 [2d Dept 1990]). [read post]
28 Jun 2013, 1:07 pm
It is worth noting that there are cases within the UN family of a possibility of “public law” review of certain acts (the World Bank Inspection panel, the Security Council ombudsperson, and various accountability mechanisms within international territorial administrations), that such mechanisms are clearly not what the Haiti-UN SOFA had in mind, but that nor is this sort of public accountability what the claimants in Haiti are seeking given the private nature of harm suffered. … [read post]