Systemically important financial institutions (SIFIs)

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Resolution Assessment and Public Disclosure by Firms

PRA proposed rules for large banks

UK Prudential Regulation Authority consultation sets out proposed rules for large UK banks. Proposed rules would require banks to: i) carry out realistic assessment of preparations for resolution; ii) include analysis of how it understands it would be resolved; iii) submit an assessment report to the PRA every two years; and iv) publicly disclose summaries of its report.

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

Type: Consultative, discussion and issues paper

Topics: Recovery and resolution, Systemically important financial institutions (SIFIs)

Sectors: Banking

Deadline for comments: Apr 2019

The Prudential Regulation Authority's Approach to Implementation of the Systemic Risk Buffer

PRA statement of policy on its' approach to implementation of systemic risk buffer

UK Prudential Regulation Authority implementation of the systemic risk buffer (SRB). Framework applies to large banks and specifies set of criteria for assessing the extent to which the failure or distress of an SRB institution might post a long term non-cyclical systemic or macroprudential risk. Creates methodology for measuring the criteria and giving SRB institutions a single score in relation to the criteria with a corresponding SRB rate.

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

Type: Law, Regulation and Policy

Topics: Systemic risk, Systemically important financial institutions (SIFIs), Capital adequacy, Macroprudential

Sectors: Banking

The UK Leverage Ratio Framework

Supervisory practice for UK leverage ratio framework

UK Prudential Regulatory Authority supervisory statement on UK leverage ratio framework. Sets out PRA's expectations on leverage ratio buffers and reporting and disclosure of the leverage ratio, as well as provides clarification on PRA rules.

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

Type: Supervisory Practice

Peer: Policy on UK Leverage Ratio Framework

Topics: Capital adequacy, Transparency and disclosure, Systemically important financial institutions (SIFIs)

Sectors: Banking

Rules on Loss-Absorbing Capacity Requirements for Banks

HKMA rules on bank loss-absorbing capital requirements to support orderly failure resolution

Hong Kong Monetary Authority rules impose requirement on banks to maintain a minimum level of loss-absorbing capacity (LAC) to facilitate orderly failure resolution. Sets out the relationship between regulatory capital and LAC, external and internal (within group) LAC requirements, LAC eligibility criteria, restrictions on the sale and distribution of LAC debt instruments, a minimum debt requirement, and reporting and disclosure requirements.

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

Type: Law, Regulation and Policy

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

Sectors: Banking

Risk-based Global Insurance Capital Standard Version 2.0

IAIS consultation on issues related to ICS 2.0

International Association for Insurance Supervisors consultation on issues related to the Insurance Capital Standards (ICS) Version 2.0 monitoring period and technical aspects of the design and calibration of ICS Version 2.0. Discusses: i) expectations for IAIS and supervisors during the five-year monitoring period of the reference ICS and additional supplementary reporting; ii) reference component; iii) additional reporting and other methods of calculation of the ICS capital requirement, including internal models; and iv) incremental costs and benefits of the ICS for internationally active insurance groups (IAIGs).

Release date: Jul 2018

Type: Consultative, discussion and issues paper

Peer: Risk-Based Global Insurance Capital Standard, Implementation of Insurance Capital Standard Version 2.0, Insurance Capital Standard Version 1.0 for Extended Field Testing

Topics: Risk-based supervision, Capital adequacy, Systemically important financial institutions (SIFIs)

Sectors: Insurance

Deadline for comments: Oct 2018

Global Systemically Important Banks - Revised Assessment Methodology and the Higher Loss Absorbency Requirement

BCBS implementation of technical changes to framework for G-SIBs

Basel Committee on Banking Supervision modifications to G-SIB assessment and identification framework. Enhancements involve: i) amendments to the definition of cross-jurisdictional indicators consistent with the definition of BIS consolidated statistics; ii) expansion of scope of consolidation to include insurance subsidiaries; iii) amendments to definition of cross-jurisdictional activity; iv) modifications of weights in substitutability category and introduction of a trading volume indicator; v) revisions to disclosure requirements; vi) further guidance on bucket migration and associated surcharge; and vii) proposed transition schedule.

Publisher: Global Standard-Setting Bodies Release date: Jul 2018

Type: Implementation

Parent: Global Systemically Important Banks: Updated Assessment Methodology and the Higher Loss Absorbency Requirement

Peer: Assessment of Basel III G-SIB Framework and Review of D-SIB Frameworks - European Union, 2017 Update of List of Global Systemically Important Banks (G-SIBs)

Topics: Systemically important financial institutions (SIFIs), Recovery and resolution, Capital adequacy, Transparency and disclosure

Sectors: Banking

The Post-Crisis Challenges Facing Supervisors

TC note discusses how emerging markets can approach the implementation of post-crisis and other regulatory reforms

Toronto Centre Note discusses how emerging markets can approach implementation of recent regulatory reforms. Considers the challenges for supervisors stemming from more wide-ranging, robust and complex regulatory requirements, provides an overview of emerging risks and supervisory responses, and discusses the importance of supervisory cooperation. Identifies key challenges as: i) proportionate implementation of reforms; ii) tailoring regulation and supervision to emerging market economies; iii) maintaining a focus on fundamental issues such as credit and insurance underwriting risks; and iv) assessing emerging risks such as those arising from FinTech and cyber security.

Publisher: Toronto Centre Release date: Jul 2018

Type: TC Notes

Topics: Systemically important financial institutions (SIFIs), Cross-border cooperation, Risk-based supervision, Supervisory framework, FinTech

Sectors: Banking, Insurance, Microfinance, Microinsurance, Pensions, Securities

Principles on Bail-in Execution

FSB guidance on operationalizing bail-in as a resolution tool

Financial Stability Board guidance to assist authorities as they develop bail-in resolution strategies and make resolution plans operational by defining principles to operationalize the use of bail-in as a resolution tool. Addresses actions and processes required to: i) identify the instruments and liabilities within the scope of bail-in; ii) conduct valuations to inform and support the application of bail-in; iii) develop a bail-in process that meets applicable securities laws and exchange requirements; iv) transfer governance and control rights to new owners and obtain the required regulatory approvals and authorizations; and v) communicate effectively at all stages of the bail-in transaction with affected parties and the market. While developed in the context of global systemically important banks (G-SIBs), principles are generally relevant to resolution of domestic systemically important banks (D-SIBs) as well.

Publisher: Global Standard-Setting Bodies Release date: Jun 2018

Type: Guideline

Parent: Key Attributes of Effective Resolution Regimes for Financial Institutions

Peer: Guiding Principles on the Internal Total Loss-Absorbing Capacity of G-SIBs

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

Sectors: Banking

Funding Strategy Elements of an Implementable Resolution Plan

FSB guidance on plan for funding in resolution

Financial Stability Board consultation sets out key funding strategy elements to support the orderly resolution of global systemically important banks (G-SIBs). Covers: i) firm capabilities to support monitoring, reporting and estimating funding needs in resolution and to facilitate execution of the funding strategy; ii) development of a resolution funding plan by the authorities; iii) use of firm assets and private sources of funding; iv) access to temporary public sector backstop funding mechanisms and ordinary central bank facilities; and v) information sharing and coordination between authorities. Generally relevant to resolution of domestically systemically important banks as well.

Publisher: Global Standard-Setting Bodies Release date: Jun 2018

Type: Guideline

Parent: Key Attributes of Effective Resolution Regimes for Financial Institutions, Guiding Principles on the Temporary Funding Needed to Support the Orderly Resolution of a G-SIB

Topics: Recovery and resolution, Liquidity risk and rules, Systemically important financial institutions (SIFIs), Crisis management and contingency planning

Sectors: Banking

Single-Counterparty Credit Limits for Bank Holding Companies and Foreign Banking Organizations

FRB rule to address risks associated with large credit exposures

US Federal Reserve Board addresses credit exposures of large banking organizations to a single counterparty. Rule increases in stringency based on the systemic importance of firms to which they apply.

Publisher: National Regulators Release date: Jun 2018 Country: United States

Type: Law, Regulation and Policy

Topics: Credit risk, Systemic risk, Systemically important financial institutions (SIFIs)

Sectors: Banking

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Resources

382 records

Resolution Assessment and Public Disclosure by Firms

The Prudential Regulation Authority's Approach to Implementation of the Systemic Risk Buffer

The UK Leverage Ratio Framework

Rules on Loss-Absorbing Capacity Requirements for Banks

Risk-based Global Insurance Capital Standard Version 2.0

Global Systemically Important Banks - Revised Assessment Methodology and the Higher Loss Absorbency Requirement

The Post-Crisis Challenges Facing Supervisors

Principles on Bail-in Execution

Funding Strategy Elements of an Implementable Resolution Plan

Single-Counterparty Credit Limits for Bank Holding Companies and Foreign Banking Organizations

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