Financial conglomerates

382 records

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Report on the Functioning of Supervisory Colleges in 2017

EBA report on accomplishments of 2017 Colleges Action Plan and key activities for 2018

European Banking Authority annual review assesses the work of key European Economic Area supervisory colleges in 2017, evaluates performance, and identifies key activities for 2018.

Publisher: Regional Standard-Setting Bodies Release date: Mar 2018

Type: Implementation

Parent: Bank Recovery and Resolution Directive (BRRD), Capital Requirements Directive - CRD IV

Peer: EBA Report on Convergence of Supervisory Practices

Topics: Cross-border cooperation, Financial conglomerates

Sectors: Banking

Opinion on Prudential Framework for Investment Firms

EBA opinion on design and calibration of a new prudential framework for investment firms in the EU

European Banking Authority opinion on the design and calibration of a new prudential framework for investment firms in the European Union, which is specifically tailored to the needs of investment firms' different business models and inherent risks. Includes recommendations to develop a single and harmonized set of requirements that are reasonably simple, proportionate and relevant to the nature of investment firms.

Publisher: Regional Standard-Setting Bodies Release date: Sep 2017

Type: Guideline

Parent: Capital Requirements Directive - CRD IV, Capital Requirements Regulation - CRR

Topics: Corporate governance, Consolidated supervision, Capital adequacy, Liquidity risk and rules, Financial conglomerates

Sectors: Banking, Securities

Report on the Functioning of Insurance Supervisory Colleges in 2016

EIOPA annual report on activities of supervisory colleges and future priorities

European Insurance and Occupational Pensions Authority annual report under Solvency II on significant experiences of supervisory activities and cooperation between supervisors in the supervision of insurance and reinsurance companies in a group.

Publisher: Regional Standard-Setting Bodies Release date: Mar 2017

Type: Consultative, discussion and issues paper

Parent: Taking-up and Pursuit of the Business of Insurance and Reinsurance (Solvency II)

Peer: Update on EIOPA’s Action Plan 2016 and Way Forward for Colleges of Supervisors

Topics: Cross-border cooperation, Financial conglomerates

Sectors: Insurance

Group-Wide Consolidated Supervision in Bank and Financial Groups

TC note describes how to conduct consolidated supervision of groups

Toronto Centre note explains risks from association of a bank to broader group and how group-wide supervision can keep group risks aligned to resource and internal governance capabilities of a bank and its parent entities. Endorses Joint Forum's approaches to achieve this core objective, emphasizing the importance of both solo and consolidated supervision to keep group risks at bay. Suggestions are applicable to other non-bank financial groups and advocate flexibility in crafting legal powers and definitions, active use of licensing to preclude unsound group structures, and an effective mix of quantitative and qualitative group-wide consolidated supervision tools.

Publisher: Toronto Centre Release date: Feb 2016

Type: TC Notes

Peer: Developments in Credit Risk Management Across Sectors: Current Practices and Recommendations

Topics: Consolidated supervision, Financial conglomerates

Sectors: Banking, Insurance, Securities

Guidelines for Identifying and Dealing with Weak Banks

BCBS comprehensive toolkit for dealing with weak banks

Basel Committee on Banking Supervision guidelines cover problem identification, recovery planning, corrective action, resolution techniques and exit strategies.

Publisher: Global Standard-Setting Bodies Release date: Jul 2015

Type: Guideline

Peer: Early Intervention Regimes for Weak Banks

Topics: Problem institutions, Early intervention and enforcement, Recovery and resolution, Financial conglomerates, Systemically important financial institutions (SIFIs)

Sectors: Banking

The Implementation of Ring-Fencing

PRA policy addressing legal structure, governance and continuity of services and facilities

UK Prudential Regulation Authority draft policy statement provides feedback on responses received to Consultation Paper 19/14 (published in October 2014) and amendments to draft rules and supervisory statements. Policy statement covers three areas: i) legal structure arrangements of banking groups subject to ring-fencing; ii) governance arrangements of ring-fenced bodies; and iii) arrangements to ensure continuity of services and facilities to ring-fenced bodies.

Publisher: National Regulators Release date: May 2015 Country: United Kingdom

Type: Law, Regulation and Policy

Peer: The Implementation of Ring-Fencing: Consultation on Legal Structure, Governance and the Continuity of Services and Facilities

Topics: Corporate governance, Financial conglomerates, Licensing, Systemic risk

Sectors: Banking

Supervising Large Complex Financial Institutions

FRBNY research paper describes how its prudential supervisory activities are structured, staffed and implemented

US Federal Reserve Bank of New York describes its supervisory approach for large, complex bank holding companies and how prudential supervisory activities are structured, staffed, and implemented as part of broader supervisory program of the Federal Reserve System. Provides insight into what supervisors do and how they do it.

Publisher: National Regulators Release date: May 2015 Country: United States

Type: Consultative, discussion and issues paper

Topics: Supervisory framework, Financial conglomerates

Sectors: Banking

Risk Concentration and Intra-group Transactions

EBA, EIOPA and ESMA standards on risk concentration and intra-group transactions with financial conglomerates

European Banking Authority, European Insurance and Occupational Pensions Authority and European Securities and Markets Authority final draft regulatory technical standards on which risk concentrations and intra-group transactions within a financial conglomerate should be considered as significant. Provides measures for supervisory authorities when identifying types of significant risk concentrations and intra-group transactions, their associated thresholds and reports.

Publisher: Regional Standard-Setting Bodies Release date: Dec 2014

Type: Standard

Topics: Financial conglomerates, Risk management

Sectors: Banking

Principles for the Supervision of Financial Conglomerates

Joint Forum standard for supervising financial conglomerates

Basel Committee on Banking Supervision, International Organization of Securities Commissions and International Association of Insurance Supervisors revised standard is organized in five sections: i) supervisory powers and authority; ii) supervisory responsibility; iii) corporate governance; iv) capital adequacy and liquidity; and v) risk management.

Publisher: Global Standard-Setting Bodies Release date: Sep 2012

Type: Standard

Topics: Financial conglomerates, Supervisory framework, Corporate governance, Capital adequacy, Risk management, Liquidity risk and rules

Sectors: Banking

Risks in Financial Group Structures

OECD paper examines potential costs and benefits of various financial group structures and policy measures used for addressing risks

Organisation for Economic Co-operation and Development paper examines types of risk associated with complex financial groups and reviews evidence in favour of, and against, various alternatives used to address those risks. Paper concludes that there is no perfect solution among various policy options that is sufficient on its own to satisfy core policy objectives. Greater financial and economic impacts associated with problems at large institutions requires a holistic approach that combines transparency, governance, regulation and supervision.

Publisher: International Organizations Release date: Feb 2011

Type: Consultative, discussion and issues paper

Topics: Corporate governance, Conduct, Systemic risk, Transparency and disclosure, Financial conglomerates, Consolidated supervision

Sectors: Banking, Insurance, Securities

Display # Page 1 of 2 Total: 11

Resources

382 records

Report on the Functioning of Supervisory Colleges in 2017

Opinion on Prudential Framework for Investment Firms

Report on the Functioning of Insurance Supervisory Colleges in 2016

Group-Wide Consolidated Supervision in Bank and Financial Groups

Guidelines for Identifying and Dealing with Weak Banks

The Implementation of Ring-Fencing

Supervising Large Complex Financial Institutions

Risk Concentration and Intra-group Transactions

Principles for the Supervision of Financial Conglomerates

Risks in Financial Group Structures

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