Macroprudential regulation

Recent Articles

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  11/07/2023

  Reducing bank failures? PRA consults on how to ensure a solvent exit for non-systemic banks and building societies

  On 28 June 2023, the Prudential Regulation Authority (“PRA”) published a consultation paper (“CP 10/23”) which outlines proposals for non-systemic banks and building societies in the UK to be required to prepare for a solvent exit as part of their business-as-usual (“BAU”) activities and, if solvent exit becomes a reasonable prospect, to be able to execute one with a more detailed plan in place.The focus is to ensure that solvent exits are completed successfully, which in turn will help support an orderly, timely, and ultimately solvent, exit from PRA-regulated...

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  14/06/2021

  Risk-weighting cryptoassets: BCBS consults on the prudential treatment of cryptoasset exposures

  Among other things, the BCBS is proposing a new conservative prudential treatment for certain high-risk cryptoassets such as bitcoin, which would mean they carry a high capital charge that may in practice disincentivise investment, and new disclosure requirements for cryptoasset exposures. The BCBS makes it clear that its proposals would represent a minimum standard and jurisdictions would be free to apply additional and more conservative measures if thought appropriate (such as banning cryptoasset exposures altogether). The proposed prudential treatment divides cryptoassets into two broad groups,...

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  11/04/2018

  Securitisation Regulation: 60 minutes to understand the new rules and issues

  CMS cordially invite you to attend a webinar: 11 April 2018 | 10:00 UK/ 11:00 CET Securitisation Regulation: 60 minutes to understand the new rules and issues This webinar will last one hour (including a Q&A session) and will provide an update on new EU regulations regarding securitisation. Four expert speakers from the UK, France and Spain will cover the areas you need to be aware of. Agenda: Scope of the new regulations (STS and CRR treatment) New rules applicable to any EU securitisation STS CRR/other directive changes REGISTER NOW

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  20/01/2016

  The regulation of financial institutions in Europe – the supervisory and regulatory authorities and their roles, rules and powers

  The following reports are now available:The supervision of financial institutions in the EUThe EU legislative and rule-making process: our report, and supplementary training slides and QMV report.The prudential supervision of banks within the Eurozone – the Single Supervisory MechanismThe Single Resolution Mechanism in the EurozoneCharts displaying the structure of regulation in various EU countriesOverview of the functioning of the EEA Agreement and recent problems applying financial services law under the EEA AgreementAll of these materials can be accessed here: ‘The regulation of...

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  06/01/2016

  EU financial services - the legislative and rule-making process

  Background In the reports, we draw a distinction between the rule-making/legislative process (the subject of this report) and the “supervision” of individual firms (to check their compliance with the rules/legislation). The latter topic is addressed in our reports ‘The supervision of financial institutions in the EU’ and ‘The supervision of banks within the Eurozone – the Single Supervisory Mechanism’. Domestic/national legislation and rules Each member state has its own national/domestic procedures. These are used for – adopting domestic/local...

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  15/07/2015

  The regulation of financial institutions in Europe - the supervisory and regulatory agencies and their roles, rules and powers

  The RegZone reportsWe have broken this large topic into a series of discrete reports illustrated with a series of charts and diagrams (including 15 charts demonstrating how the institutional structure operates from the perspective of different member states).The RegZone reports are:The supervision of financial institutions in the EUThis report looks at the European System of Financial supervision (the ESFS) and the various European institutions including the European Systemic Risk Board (ESRB) and the European Supervisory Authorities (ESAs). It explains the role of the ESAs across the EU...

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