Supervisory Practice

382 records

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HKMA Mystery Shopping Program

HKMA mystery shopping program on banks' selling practices in respect of investment products and insurance products

Hong Kong Monetary Authority mystery shopping program to ascertain the practices of banks in customer risk profiling, financial needs analysis (as applicable to life insurance products), suitability of recommendations, and product and risk disclosure. A good example of an effective supervisory technique for promoting consumer protection and improved corporate governance.

Publisher: National Regulators Release date: Aug 2018 Country: Hong Kong, China

Type: Supervisory Practice

Topics: Consumer education and protection, Conduct, Financial inclusion, Transparency and disclosure

Sectors: Banking

Financial Management and Planning by Insurers

PRA policy statement on effective management and planning by insurance firms and groups

United Kingdom Prudential Regulation Authority policy statement sets out how the application of effective risk management and governance is linked to the need for insurers to maintain a sound financial condition going forward. Sets out the PRA's expectations on financial management and planning by insurers.

Publisher: National Regulators Release date: May 2018 Country: United Kingdom

Type: Supervisory Practice

Peer: The Prudential Regulation Authority's Approach to Insurance Supervision, Corporate Governance: Board Responsibilities , Dealing with a Market Turning Event in the General Insurance Sector

Topics: Risk management, Corporate governance

Sectors: Insurance

Supervising Liquidity and Funding Risks

PRA supervisory statement on liquidity risk

UK Prudential Regulation Authority supervisory statement sets out PRA's approach to supervising liquidity and funding risks. Covers its expectations regarding: i) Internal Liquidity Adequacy Assessment Process; ii) Liquidity Supervisory Review and Evaluation Process; iii) drawing down Liquid Asset Buffers; iv) collateral placed at Bank of England; and v) daily reporting under stress.

Publisher: National Regulators Release date: Feb 2018 Country: United Kingdom

Type: Supervisory Practice

Topics: Liquidity risk and rules, Stress-testing, Recovery and resolution

Sectors: Banking

Probability and Impact Rating System (PAIRS)

APRA explanation of its risk-based supervision framework

Australian Prudential Regulation Authority description of its risk-based supervisory approach incorporating assessments of both the probability and impact of the failure of an APRA-regulated entity. Includes common set of rating components for inherent risk, management and control, and capital support; a structured process for combining component ratings into a probability of failure rating; and an impact rating scale. Reflects the manner in which APRA conducts its supervisory activities under its framework for prudential supervision.

Publisher: National Regulators Release date: Feb 2018 Country: Australia

Type: Supervisory Practice

Topics: Risk-based supervision, Supervisory framework

Sectors: Banking, Insurance, Pensions

Code on Collective Investment Schemes

MAS amended CIS Code

Monetary Authority of Singapore amended code sets out best practices on management, operation and marketing of collective investment schemes that managers and approved trustees are expected to observe. Intended to enhance transparency and market discipline, improve operational effectiveness, and provide greater clarity to market practitioners.

Publisher: National Regulators Release date: Jan 2018 Country: Singapore

Type: Supervisory Practice

Topics: Corporate governance, Transparency and disclosure, Consumer education and protection

Sectors: Securities

Minimum Requirement for Own Funds and Eligible Liabilities (MREL) - Buffers and Threshold Conditions

PRA supervisory statement on relationship between MREL and regulatory capital buffers and threshold conditions

UK Prudential Regulation Authority supervisory statement regarding relationship between minimum requirement for own funds and eligible liabilities (MREL) and regulatory buffers. Sets out PRA's expectations regarding relationship between MREL and PRA's Threshold Conditions, the minimum requirements that firms must meet in order to be permitted to carry on regulated activities. Role of MREL is to make resolution strategies workable by ensuring that there are equity and liabilities within the firm that can credibly absorb losses and recapitalize businesses that need to continue operating.

Publisher: National Regulators Release date: Dec 2017 Country: United Kingdom

Type: Supervisory Practice

Parent: Bank Recovery and Resolution Directive (BRRD)

Peer: Minimum Requirement for Own Funds and Eligible Liabilities and Capital Buffers

Topics: Capital adequacy, Recovery and resolution, Licensing

Sectors: Banking

Recovery Planning in the UK

PRA expectations on the content of recovery plans

Bank of England Prudential Regulatory Authority's expectations on the content of recovery plans and group recovery plans. Issued pursuant to the PRA's Policy Statement on implementing the EU's Bank Recovery and Resolution Directive.

Publisher: National Regulators Release date: Dec 2017 Country: United Kingdom

Type: Supervisory Practice

Parent: Bank Recovery and Resolution Directive (BRRD)

Peer: Guidelines on Recovery Plan Indicators, Guidelines on the Range of Scenarios to be Used in Recovery Plans, Content of Recovery Plans, Resolution Plans and Group Resolution Plans , Recommendation on the Coverage of Entities in a Group Recovery Plan

Topics: Recovery and resolution

Sectors: Banking, Securities

The PRA's Methodologies for Setting Pillar 2 Capital

PRA policy statement on its Pillar 2 capital requirements

UK Prudential Regulatory Authority updated methodology for setting Pillar 2 capital requirements. Sets out methodologies to inform setting a firm’s Pillar 2A individual capital guidance for credit risk, market risk, operational risk, counterparty credit risk, credit concentration risk, and interest rate risk in the banking book and pension obligation risk. Pillar 2B provides information on the purpose of a PRA buffer, how it is determined and how it relates to the CRD IV buffers. Also provides details on PRA’s approach to tackling weak governance and risk management under Pillar 2B.

Publisher: National Regulators Release date: Dec 2017 Country: United Kingdom

Type: Supervisory Practice

Parent: Capital Requirements Directive - CRD IV, Capital Requirements - CRD IV/CRR – Frequently Asked Questions

Peer: Assessing Capital Adequacy Under Pillar 2

Topics: Capital adequacy, Credit risk, Market risk, Operational risk, Interest rate risk

Sectors: Banking

Resolution Planning

BOE-PRA Supervisory Statement setting out details on information that firms should submit to facilitate resolution planning

Bank of England Prudential Regulatory Authority Supervisory Statement setting out details on information that firms should submit to the PRA to facilitate resolution planning. Aimed at firms to which the Resolution Pack Part of the PRA Rulebook applies. Issued pursuant to the PRA's Policy Statement on implementing the EU's Bank Recovery and Resolution Directive.

Publisher: National Regulators Release date: Dec 2017 Country: United Kingdom

Type: Supervisory Practice

Topics: Recovery and resolution

Sectors: Banking, Securities

Pillar 2A Capital Requirements and Disclosure

PRA supervisory practice sets out adjustments to its Pillar 2A capital framework

UK Prudential Regulation Authority supervisory practice sets a specific Pillar 2A capital requirement at the level and quality of capital the PRA considers a firm should maintain to meet overall financial adequacy rule. Introduces the term "Total Capital Requirement" (TCR) to refer to the amount and quality of capital a firm must maintain to comply with its Pillar 1 and the Pillar 2A capital requirement, and establishes a revised disclosure policy in which the PRA expects firms to disclose their TCR.

Publisher: National Regulators Release date: Dec 2017 Country: United Kingdom

Type: Supervisory Practice

Topics: Capital adequacy

Sectors: Banking, Securities

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Resources

382 records

HKMA Mystery Shopping Program

Financial Management and Planning by Insurers

Supervising Liquidity and Funding Risks

Probability and Impact Rating System (PAIRS)

Code on Collective Investment Schemes

Minimum Requirement for Own Funds and Eligible Liabilities (MREL) - Buffers and Threshold Conditions

Recovery Planning in the UK

The PRA's Methodologies for Setting Pillar 2 Capital

Resolution Planning

Pillar 2A Capital Requirements and Disclosure

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