23579 Search Results
  • EBA: Implementing technical standards amending Commission Implementing Regulation on benchmarking of internal models

    05.06.2023
    EBA has published its final draft standards on the benchmarking of credit risk, market risk and IFRS9 models for the 2024 exercise.

    EBA has published its final draft standards on the benchmarking of credit risk, market risk and IFRS9 models for the 2024 exercise.

    Support Information:
  • BIS: Project Leap

    05.06.2023
    BIS has reported on Project Leap, which addresses some of the specific challenges of implementing quantum-resistant IT environments for the financial system.

    BIS has reported on Project Leap, which addresses some of the specific challenges of implementing quantum-resistant IT environments for the financial system.

    Support Information:
    https://www.bis.org/publ/othp67.pdf
    Show more Show less
  • FCA: PS23/5: Debt packagers

    02.06.2023
    Further to CP23/5, FCA has published feedback and final rules.  FCA is now placing a ban on debt packagers receiving remuneration from debt solution providers. The ban covers any commission, fee or...

    Further to CP23/5, FCA has published feedback and final rules.  FCA is now placing a ban on debt packagers receiving remuneration from debt solution providers. The ban covers any commission, fee or any other financial consideration, received by a debt packager firm, directly or indirectly, from a debt solution provider in connection with the firm referring customers to a debt solution provider, or any other related services.  The ban will not apply to not-for-profit debt advice firms or to regulated providers of debt solutions (including debt management plans) who have a different business model to debt packagers. 

    Support Information:
    https://www.fca.org.uk/publication/policy/ps23-5.pdf
    https://www.fca.org.uk/news/press-releases/financial-watchdog-bans-referral-fees-debt-packagers-help-struggling-consumers
    Show more Show less
  • FCA: Quarterly Consultation 40

    02.06.2023
    In this QCP, FCA is consulting on (i) changes to MIFIDPRU and SUP to provide clarification; (ii) deferral regime for transactions in ETFs priced at NAV 12 and (iii) amendments to the ban on offering incentives...

    In this QCP, FCA is consulting on (i) changes to MIFIDPRU and SUP to provide clarification; (ii) deferral regime for transactions in ETFs priced at NAV 12 and (iii) amendments to the ban on offering incentives to invest in high-risk investments.  Responses are required by 10 July 2023.

    Support Information:
    https://www.fca.org.uk/publication/consultation/cp23-14.pdf
    Show more Show less
  • ESMA: Guidelines further specifying the circumstances for temporary restrictions in the case of a significant non-default event in accordance with Article 45a of EMIR

    02.06.2023
    These Guidelines apply in relation to Article 45a of EMIR, which mandates ESMA to draft guidelines further specifying the circumstances in which the competent authority may require the CCP to refrain from...

    These Guidelines apply in relation to Article 45a of EMIR, which mandates ESMA to draft guidelines further specifying the circumstances in which the competent authority may require the CCP to refrain from undertaking any of the restricted actions referred to in Article 45a(1) of EMIR, for a period specified by the competent authority, that cannot exceed five years.

    Support Information:
    https://www.esma.europa.eu/sites/default/files/2023-06/ESMA91-372-1704_Final_GLs_on_Restrictions_Article_87_CCPRRR_-_45a_of_EMIR.pdf
    Show more Show less
  • ECB: Sound practices in counterparty credit risk governance and management

    02.06.2023
    ECB has published a report which summarises the results of the targeted review performed in the second half of 2022 on how banks govern and manage counterparty credit risk.  It highlights good practices...

    ECB has published a report which summarises the results of the targeted review performed in the second half of 2022 on how banks govern and manage counterparty credit risk.  It highlights good practices observed as well as areas for improvement.  Responses are required by 14 July 2023.

    Support Information:
    https://www.bankingsupervision.europa.eu/legalframework/publiccons/pdf/ccr_report/ssm.ccrgovernancemanagement_202306.en.pdf
    Show more Show less
  • ESMA: MiFIR review

    02.06.2023
    ESMA has published the text of a letter to the EC which urges co-legislators to not lose the opportunity of the ongoing MiFIR review to strengthen the transparency regime applicable to standardised OTC...

    ESMA has published the text of a letter to the EC which urges co-legislators to not lose the opportunity of the ongoing MiFIR review to strengthen the transparency regime applicable to standardised OTC derivatives and particularly the regime for single-name credit default swaps.

    Support Information:
    https://www.esma.europa.eu/sites/default/files/2023-06/ESMA74-1658524332-687_Letter_to_Commission_on_MiFIR_transparency_CDS.pdf
    Show more Show less
  • ESMA: DLT pilot regulation

    02.06.2023
    ESMA has updated its Q&A document. Show more Show less
  • BoE: The potential impact of broader central clearing on dealer balance sheet capacity - a case study of UK gilt and gilt repo markets

    02.06.2023
    This BoE working paper considers the netting benefits for UK dealers if comprehensive central clearing had been introduced to the cash gilt and gilt repo markets ahead of the March 2020 “dash for...

    This BoE working paper considers the netting benefits for UK dealers if comprehensive central clearing had been introduced to the cash gilt and gilt repo markets ahead of the March 2020 “dash for cash” crisis.

    Support Information:
    https://www.bankofengland.co.uk/-/media/boe/files/working-paper/2023/the-potential-impact-of-broader-central-clearing-on-dealer-balance-sheet-capacity.pdf
    Show more Show less
  • ESRB: Adverse scenario for ESMA’s 2023 central counterparty stress test

    02.06.2023
    ESRB has published details of the adverse scenario for the CCP stress test exercise.  It is noted that the  scenario has been designed to be “severe” in order to meet CCP-specific...

    ESRB has published details of the adverse scenario for the CCP stress test exercise.  It is noted that the  scenario has been designed to be “severe” in order to meet CCP-specific regulatory requirements.

    Support Information:
    https://www.esrb.europa.eu/mppa/stress/shared/pdf/esrb.stress_test230531~e7eaca7ddf.en.pdf?5e34cd4f856f225c2905091dd8e7781f
    Show more Show less