May 22, 2024 The PRA’s thematic review of private equity related financing activities in the UK By Claire Harrop Greg King Jay Sarker Late last month, the PRA published a Dear CRO letter which sets out the main findings of its thematic review into UK regulated banks’...
Mar 15, 2024 Failing to prepare or preparing to fail – PRA policy statement on solvent exit planning for non-systemic banks and building societies By Michael Raffan Lauren Moorin Fran Kaehr In a 2021 speech, Sam Woods, the CEO of the UK’s Prudential Regulation Authority (PRA), stated that one of the regulator’s focuses for...
Nov 01, 2023 Regulatory capital, liquidity and resolution planning for banks: recent developments and cross-border perspectives By David Sewell Mac Mackenzie Janina Heinz Matthew O'Callaghan Christopher Bernard +2 more... Show less Following the failure of Silicon Valley Bank (SVB) and several other U.S. small and mid-sized banks in March 2023, U.S. regulators have...
Jul 24, 2023 Investment funds: an evolving front line in macroprudential regulation By Andrew Marsh Regulators and standard-setters, domestic and international, are worrying about the potential for investment funds to pose risks to...
Apr 27, 2023 TPR and FCA publish guidance following 2022 LDI crisis By Anika Prasad Emmanuel Bandoh Dawn Heath On Monday 24 April 2023 both the Pensions Regulator (TPR) and the Financial Conduct Authority (FCA) issued new guidance on leveraged...
Apr 27, 2023 Lessons from the TSB IT Migration on Senior Management Responsibility By Laura Feldman Simon Orton Michael Raffan Rhodri Thomas +1 more... Show less The recent Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) reform of regulations applying to operational...
Mar 08, 2023 PRA consultation on Phase 1 of a “simpler regime” – A further step on the road to graduated prudential regulation in the UK By Michael Raffan Claire Harrop Lauren Moorin Fran Kaehr +1 more... Show less Following its previous work on a new “strong and simple” prudential framework for non-systemic UK banks and building societies (see our...
Oct 05, 2022 ESG and more - BaFin updates its MaRisk By Holger Hartenfels Falko Glasow Jan Struckmann On 26 September 2022, the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin)...
Jun 23, 2022 How to manage and supervise climate-related financial risks – a view from the Basel Committee By Melanie Fitzsimons Emma Rachmaninov Claudia Rugue The Basel Committee on Banking Supervision (BCBS) has published its “Principles for the effective management and supervision of...
May 19, 2022 Financial Services exclusion from the OECD pillar one proposals By Melanie Fitzsimons Paul Davison Brin Rajathurai The OECD has published a consultation on the exclusion of certain Financial Services entities from pillar one of its two-pillar solution...
Nov 04, 2021 Regulatory capital and climate change: a rewarding report By Melanie Fitzsimons Michael Raffan James Smethurst Just prior to the start of COP26, the PRA published a report which, amongst other things, explores the relationship between climate...
Oct 12, 2021 Revolution, not evolution: application of PFMI to systemic stablecoin arrangements By Claire Harrop Melanie Fitzsimons Claudia Rugue As part of an ongoing commitment by the international regulatory community to ensure new technologies are treated using the principle of...