Recovery and resolution

382 records

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Groups Policy and Double Leverage

Results of PRA's review of its policy framework for assessing risks emanating from a regulated institution's group

UK Prudential Regulation Authority policy statement requires: i) assessment and mitigation of the risks to group resilience to the use of "double leverage"; ii) assessment and mitigation of the risks highlighted by prudential requirements applied by local regulatory authorities on overseas subsidiaries of UK groups; and iii) improved monitoring of the distribution of financial resources across different group entities. Updates the PRA's approach to the Internal Capital Adequacy Assessment Process (ICAAP) and the Supervisory Review and Evaluation Process (SREP), its methodologies for setting Pillar 2 capital and its approach to supervising funding and liquidity risks.

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

Type: Consultative, discussion and issues paper

Topics: Capital adequacy, Recovery and resolution, Liquidity risk and rules

Sectors: Banking

Early Intervention Regimes for Weak Banks

FSI Insights paper analyzes range of early intervention regimes

Financial Stability Institute paper describes the nature of early intervention regimes and a range of practices in various jurisdictions. Structured in four sections: i) general framework for supervisory interventions and the two main forms that it may take; ii) comparison of indicators used to trigger formal intervention regimes; iii) review of intervention powers associated with these regimes and the degrees of supervisory discretion; and iv) overview of the six formal intervention regimes analyzed in the paper.

Publisher: International Organizations Release date: Apr 2018

Type: Consultative, discussion and issues paper

Peer: Guidelines for Identifying and Dealing with Weak Banks

Topics: Problem institutions, Early intervention and enforcement, Recovery and resolution

Sectors: Banking

Guide to Assessments of Licence Applications

ECB guide on the process and requirements for assessing licence applications

European Central Bank guide applies to all licence applications to become a credit institution (bank) within the meaning of the Capital Requirements Regulation (CRR), including initial authorizations for new credit institutions, applications from FinTech companies, authorizations in the context of mergers or acquisitions, bridge bank applications and licence extensions. Promotes awareness and enhances the transparency of the assessment criteria and processes for the establishment of a credit institution within the Single Supervisory Mechanism.

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

Type: Guideline

Parent: Capital Requirements Regulation - CRR

Peer: Guide to Assessments of FinTech Credit Institution Licence Applications

Topics: Corporate governance, Recovery and resolution, Financial inclusion, Licensing, FinTech

Sectors: Banking

Actuarial Review of Insurer Insolvencies and Future Preventions

CIA, CAS and SOA study examines root causes of insolvencies

Canadian Institute of Actuaries, Casualty Actuarial Society, and Society of Actuaries study looks at causes of insolvencies and decisions made by management, regulators and policyholders over the life cycle of an insurance insolvency.

Publisher: Others Release date: Jan 2018

Type: Consultative, discussion and issues paper

Topics: Accounting, actuarial and auditing , Capital adequacy, Recovery and resolution

Sectors: Insurance

Cross-Border Spillover Effects of the G20 Financial Regulatory Regime

Results of a WB pilot survey of emerging and developing economies

World Bank pilot survey to study possible adverse effects of financial regulatory reforms. Survey included senior officials at regulatory agencies, local banks, and global banks that are active in seven emerging markets and developing economies. Survey found differences between perspectives of banks and regulators. Findings emphasize need for regulatory consistency within and between jurisdictions to ensure a level playing field.

Publisher: International Organizations Release date: Jan 2018

Type: Consultative, discussion and issues paper

Topics: Capital adequacy, Liquidity risk and rules, Recovery and resolution, Systemically important financial institutions (SIFIs)

Sectors: Banking, Microfinance

Key Attributes Assessment Methodology for the Insurance Sector

FSB methodology for assessing the implementation of the Key Attributes for Effective Resolution Regimes in the insurance sector

Financial Stability Board consultation sets out proposed methodology for assessing implementation of the Key Attributes of Effective Resolution Regimes for Financial Institutions in the insurance sector. Sets out essential criteria to guide assessment of adherence of a jurisdiction's insurance resolution frameworks with the Key Attributes. Promotes consistent assessments across jurisdictions and provides guidance when adopting or reforming insurance resolution options. Will also be used by the International Monetary Fund and the World Bank as part of their financial sector assessments.

Publisher: Global Standard-Setting Bodies Release date: Dec 2017

Type: Consultative, discussion and issues paper

Parent: Key Attributes of Effective Resolution Regimes for Financial Institutions

Topics: Recovery and resolution, Crisis management and contingency planning, Cross-border cooperation, Systemically important financial institutions (SIFIs)

Sectors: Insurance

Deadline for comments: Feb 2018

Progress Report on the Implementation of Principles for Effective Supervisory Colleges

BCBS report highlights findings of implementation monitoring and provides examples of ways to meet commonly encountered challenges

Basel Committee on Banking Supervision progress report based on case studies of 13 colleges from home and host supervisor perspective. Report concludes that the effectiveness of colleges has improved since 2015 in the areas of information-sharing, coordinated risk assessment and crisis preparedness. Challenges remain, including those related to legal constraints on information-sharing, supervisory resource constraints and expectation gaps between home and host supervisors. Report sets out sound practices that include placing emphasis on the work between (or outside) formal college meetings, and encouraging home and host supervisors to reach out to each other to clarify expectations.

Publisher: Global Standard-Setting Bodies Release date: Dec 2017

Type: Implementation

Parent: Principles for Effective Supervisory Colleges

Peer: Progress Report on the Implementation of Principles for Effective Supervisory Colleges

Topics: Cross-border cooperation, Recovery and resolution, Systemically important financial institutions (SIFIs)

Sectors: Banking

EU Regulatory Standards on Simplified Obligations

EBA regulatory technical standards on application of simplified obligations relating to recovery and resolution planning

European Banking Authority report on the application of simplified obligations and waivers in recovery and resolution planning and its Regulatory Technical Standards specifying the eligibility criteria to determine whether institutions could e subject to simplified obligations when drafting such plans .

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

Type: Standard

Parent: Bank Recovery and Resolution Directive (BRRD)

Peer: Application of Simplified Obligations

Topics: Recovery and resolution, Cross-border cooperation, Systemically important financial institutions (SIFIs)

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

Topics: Recovery and resolution

Sectors: Banking, Securities

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Resources

382 records

Groups Policy and Double Leverage

Early Intervention Regimes for Weak Banks

Guide to Assessments of Licence Applications

Actuarial Review of Insurer Insolvencies and Future Preventions

Cross-Border Spillover Effects of the G20 Financial Regulatory Regime

Key Attributes Assessment Methodology for the Insurance Sector

Progress Report on the Implementation of Principles for Effective Supervisory Colleges

EU Regulatory Standards on Simplified Obligations

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

Recovery Planning in the UK

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