Risk management

382 records

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Sound Management of Risks Related to Money Laundering and Financing of Terrorism

BCBS revised guidelines on combatting money laundering and terrorist financing in correspondent banking

Basel Committee on Banking Supervision guideline to ensure that banks conduct correspondent banking business with the best possible understanding of applicable rules on anti-money laundering and countering the financing of terrorism. Seeks to reduce so-called de-risking with respect to correspondent bank relationships.

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

Type: Consultative, discussion and issues paper

Peer: FSB Action Plan to Assess and Address the Decline in Correspondent Banking, Stocktake of Remittance Service Providers' Access to Banking Services

Topics: Money laundering and terrorist financing, Risk management, Financial inclusion

Sectors: Banking

Implementing the Recommendations of the Task Force on Climate-Related Financial Disclosures

FSB guidance on how to implement the TCFD recommendations

Financial Stability Board guidance contains: i) directions on the application of the recommendations; ii) recommendations and supporting recommended disclosures that describe information that investors, lenders, and insurance underwriters need to make economic decisions; iii) guidance to assist preparers by providing context and suggestions for implementing recommended disclosures; and iv) supplemental guidance that highlights important sector-specific considerations for the financial and non-financial sectors potentially most affected by climate change.

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

Type: Guideline

Peer: Recommendations of the Task Force on Climate-Related Financial Disclosures

Topics: Climate change , Risk management, Transparency and disclosure

Sectors: Banking, Insurance, Pensions, Securities

FX Global Code

Standard to promote effective functioning of wholesale foreign exchange markets

Global principles developed by central banks and market participants from around the world to promote effective functioning of wholesale foreign exchange markets. Code is organized around six principles: i) ethics; ii) governance; iii) information sharing; iv) execution; v) risk management and compliance; and vi) confirmation and settlement process.

Publisher: International Organizations Release date: May 2017

Type: Standard

Peer: Implementation of the FX Global Code in Hong Kong

Topics: Foreign exchange rate risk, Transparency and disclosure, Risk management, Corporate governance, Compliance function

Sectors: Banking, Insurance, Securities

Guidelines on ICT Risk Assessment Under SREP

EBA guideline on common means to assess Information and Communication Technology risk

European Banking Authority guideline sets out the requirements supervisors should apply in their assessment of ICT when: i) focusing on the general provisions and application of scoring as part of the SREP assessment of risks to capital; ii) assessing institutions' governance and strategy on ICT; and iii) assessing institutions' ICT risk exposures and controls.

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

Type: Guideline

Parent: Guidelines on Common Procedures and Methodologies for the Supervisory Review and Evaluation Process (SREP)

Peer: Guidelines on Assessment of ICAAP and ILAAP under SREP, Revised Procedures and Methodologies for the Supervisory Review and Evaluation Process and Supervisory Stress Testing

Topics: Risk management, Operational risk, Corporate governance, Capital adequacy

Sectors: Banking

Recent Trends in Correspondent Banking Relationships

IMF policy paper examines financial fragilities in correspondent banking relationships

International Monetary Fund policy paper examines recent trends in correspondent banking relationships (CBRs). Paper: i) describes role of CBRs and consequences of the withdrawal CBRs ("de-risking"), with particular emphasis on remittances; ii) reviews drivers of CBR withdrawal; iii) discusses ongoing policy responses and industry initiatives to address CBR withdrawal; iv) proposes IMF's continued role and strengthened staff engagement with membership; and v) identifies issues for discussion.

Publisher: International Organizations Release date: Apr 2017

Type: Consultative, discussion and issues paper

Topics: Financial inclusion, Money laundering and terrorist financing, Risk management

Sectors: Banking

Haircuts in EU Securities Financing Markets

ESMA research paper on level and calculation methodology of haircuts by securities financing transaction market participants

European Securities and Markets Authority report on securities financing transactions (SFTs) in the European Union and participants' use of collateral haircuts. SFTs involve mainly repurchase agreements (repos) and securities lending, and are a key source of liquidity in the EU financial system. The discounts (haircuts) applied to collateral valuation by lenders are an important risk management tool, but changing haircut requirements can contribute to pro-cyclicality and financial instability by reinforcing asset price movements.

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

Type: Consultative, discussion and issues paper

Topics: Shadow banking, Risk management, Credit risk, Market risk

Sectors: Banking, Insurance, Securities

Guidelines on LCR Disclosure

EBA guidelines set out uniform tools for LCR related disclosures

European Banking Authority guidelines harmonize and specify qualitative and quantitative information that institutions are required to disclose on liquidity and the LCR. Guidelines include: i) harmonized table for disclosure of general information on liquidity risk management; and ii) templates and instructions for disclosure of information on LCR composition. Also specifies key figures and metrics in context of liquidity risk.

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

Type: Guideline

Parent: Capital Requirements Regulation - CRR

Topics: Liquidity risk and rules, Risk management, Transparency and disclosure

Sectors: Banking

Progress in Adopting the Principles for Effective Risk Data Aggregation and Risk Reporting

BCBS progress report for 2016

Basel Committee on Banking Supervision fourth progress report reviews G-SIBs' progress in implementing the Principles in 2016. Finds that G-SIBs' level of compliance with the Principles is unsatisfactory, notwithstanding that G-SIBs have made some progress in implementing the Principles in 2016. Makes two additional recommendations: i) banks should develop clear roadmaps to achieve full compliance with the Principles and to comply with them on an ongoing basis; and ii) supervisors should communicate assessment results to their banks, provide necessary incentives to achieve full compliance with the Principles, and continue to refine their techniques to assess banks' compliance.

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

Type: Implementation

Peer: Principles for Effective Risk Aggregation and Risk Reporting

Topics: Risk management, Systemically important financial institutions (SIFIs), Transparency and disclosure

Sectors: Banking

FinTech Developments in the Insurance Industry

IAIS report highlights potential impact of FinTech on insurance sector

International Association of Insurance Supervisors report describing developments in Financial Technologies (FinTech), including the significant increase in the number of new start-ups targeting the insurance sector, and analyzing the potential impacts. Innovations enabled by FinTech are expected to have a significant impact on insurers' business models. Insurance regulation and firm-level supervision needs to evolve to ensure an appropriate balance between ensuring policyholder protection without stifling innovation.

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

Type: Consultative, discussion and issues paper

Topics: Financial inclusion, Risk management, Financial market infrastructure, FinTech

Sectors: Insurance

Stakeholder Landscape in Extreme Events and Climate Risk Management

Geneva Association report on patterns of stakeholder engagement in international framework agreements related to disaster risk reduction, climate change and sustainable development

Geneva Association report illustrates patterns of stakeholder engagement in international framework agreements related to disaster risk reduction, climate change and sustainable development over the last five decades. Report: i) highlights patterns of stakeholder engagement in the three international framework agreements; ii) provides an overview of complex global landscape of stakeholders; iii) gives examples of multilateral multi-stakeholder initiatives in disaster and climate risk management; and iv) highlights innovations and initiatives in disaster risk financing and insurance since 2005.

Publisher: Industry Groups Release date: Jan 2017

Type: Consultative, discussion and issues paper

Topics: Climate change , Risk management

Sectors: Insurance

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Resources

382 records

Sound Management of Risks Related to Money Laundering and Financing of Terrorism

Implementing the Recommendations of the Task Force on Climate-Related Financial Disclosures

FX Global Code

Guidelines on ICT Risk Assessment Under SREP

Recent Trends in Correspondent Banking Relationships

Haircuts in EU Securities Financing Markets

Guidelines on LCR Disclosure

Progress in Adopting the Principles for Effective Risk Data Aggregation and Risk Reporting

FinTech Developments in the Insurance Industry

Stakeholder Landscape in Extreme Events and Climate Risk Management

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