2015

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Sound Practices at Large Intermediaries Relating to the Assessment of Creditworthiness and the Use of External Credit Ratings

IOSCO recommendations for oversight of market intermediaries

International Organization of Securities Commissions recommends 12 sound practices that regulators could consider as part of oversight of market intermediaries. Also useful for large market intermediaries in development and implementation of effective alternative methods for assessment of creditworthiness. Expected to reduce overreliance on credit rating agencies (CRAs) for credit risk assessment and increase investor protection.

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

Type: Sound Practice

Topics: Credit risk

Sectors: Securities

Federal Reserve Supervisory Assessment of Capital Planning by Large and Complex Firms

FRB guideline consolidates capital planning expectations for large and complex bank holding companies

US Federal Reserve Board guidelines sets out supervisory expectations for capital planning at large and complex bank holding companies and intermediate holding companies of foreign banking organizations. Consolidates the Federal Reserve's existing capital planning guidance. Outlines capital planning expectations for: i) governance; ii) risk management; iii) internal controls; iv) capital policy; v) scenario design; and vi) projection methodologies.

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

Type: Guideline

Topics: Capital adequacy, Stress-testing, Corporate governance

Sectors: Banking

Modernizing Money Management: How Technology is Transforming Asset and Wealth Management

IIF consultation examines how new technologies are transforming asset and wealth management industry

Institute of International Finance consultation discusses how new technologies and software-based companies are transforming asset and wealth management (AWM). New technology provides opportunities for traditional AWM firms while challenging them to re-invent business models. Traditional firms in the asset and wealth management industry will need to strategically respond to new sources of competition from well-funded software-driven companies that are making significant inroads in the market by focusing on unmet client demands, bringing down costs, and providing innovative new services.

Publisher: Others Release date: Dec 2015

Type: Consultative, discussion and issues paper

Topics: Operational risk, Pension and retirement plans

Sectors: Banking, Insurance, Pensions, Securities

Deadline for comments: Sep 2016

Modernizing Money Management: How Technology is Transforming Asset and Wealth Management

IIF consultation examines how new technologies are transforming asset and wealth management industry

Publisher: Others Release date: Dec 2015

Type: Consultative, discussion and issues paper

Topics: Operational risk, Pension and retirement plans

Sectors: Banking, Securities, Insurance, Pensions

Guidance on Credit Risk and Accounting for Expected Credit Losses

BCBS views on appropriate application of ECL accounting standards

Basel Committee on Banking Supervision guideline sets out supervisory guidance on sound credit risk practices associated with implementation and ongoing application of expected credit loss (ECL) accounting frameworks. This guidance, which should be viewed as complementary to accounting standards, presents the Committee's view of appropriate application of ECL accounting standards. It provides banks with supervisory guidance on how ECL accounting model should interact with a banks' overall credit risk practices and regulatory framework. Does not set out regulatory capital requirements on expected loss provisioning under the Basel capital framework.

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

Type: Guideline

Peer: Implementation of IFRS 9 in Canada, Credit Risk Management Practices and Accounting for Expected Credit Losses

Topics: Credit risk, Risk management, Accounting, actuarial and auditing

Sectors: Banking

Enhanced Competency Framework for Banking Practitioners

HKMA update on its efforts to develop professional standards

Hong Kong Monetary Authority update on its efforts and plans to develop professional standards and qualifications in banking. HKMA, in collaboration with banking industry and relevant professional bodes, will introduce industry-wide competency framework to support capacity building and talent development.

Publisher: National Regulators Release date: Dec 2015

Type: Law, Regulation and Policy

Peer: HKMA Supervisory Policy on Competence and Ethical Behaviour

Topics: Licensing, Corporate governance

Sectors: Banking

Final Draft Regulatory Technical Standards on Detailed Records of Financial Contracts

EBA standards on contract recordkeeping to implement BRRD

European Banking Authority final draft Regulatory Technical Standards (RTS) on the detailed records of financial contracts that certain banks must maintain that have been developed under the EU bank Recovery and Resolution Directive (BRRD). Specify minimum set of information on financial contracts that should be maintained and circumstances under which requirement to maintain such detailed records should be imposed. Aim to achieve consistent and systemic approach to ensure that authorities are able to quickly and directly obtain relevant information on financial contracts from institutions and relevant entities in order to support application of resolution powers or resolution tools.

Publisher: Regional Standard-Setting Bodies Release date: Dec 2015

Type: Standard

Parent: Bank Recovery and Resolution Directive (BRRD)

Topics: Recovery and resolution, Transparency and disclosure, Derivatives

Sectors: Banking, Securities

Methodology for Valuation of Liabilities Arising from Derivatives

EBA final draft standards on how to value derivatives for purposes of bail-in

European Banking Authority final draft regulatory technical standards on methodology for valuation of derivatives to support potential bail-in of liabilities arising from the close-out of derivative contracts in a bank resolution.

Publisher: Regional Standard-Setting Bodies Release date: Dec 2015

Type: Standard

Parent: Bank Recovery and Resolution Directive (BRRD)

Topics: Recovery and resolution, Cross-border cooperation

Sectors: Banking, Securities

Systemic Risks of Reinsurers

Annex 4 of ESRB Report on Systemic Risks in the EU Insurance Sector

European Systemic Risk Board research note discusses systemic relevance of reinsurance, systemic relevance of individual reinsurers, and implications of the sector for macroprudential policy. Covers main risks faced by reinsurance industry: i) underwriting risk; and ii) liquidity risks. Discusses risks posed by reinsurance: i) intra-industry interconnectedness; ii) retrocession; iii) interconnectedness with the rest of the financial system; iv) substitutability; v) risks arising from the high market concentration in the EU and offshore centres; vi) procyclical investment behaviour; and vii) captive reinsurance.

Publisher: Regional Standard-Setting Bodies Release date: Dec 2015

Type: Consultative, discussion and issues paper

Parent: Report on Systemic Risks in the EU Insurance Sector

Peer: The Role of the Insurance Sector in the Economy, Interconnectedness of the European Insurance Sector , Sources of Systemic Risks in Insurance , Incentives in Prudential Regulation of Insurers, Macroprudential Policies and Instruments to Mitigate or Prevent Identified Systemic Risks of Insurers

Topics: Systemic risk, Macroprudential

Sectors: Insurance

Incentives in Prudential Regulation of Insurers

Annex 5 of ESRB Report on Systemic Risks in the EU Insurance Sector

European Systemic Risk Board research note examines incentives and disincentives, as regards financial stability and economy as whole, of prudential regulation and accounting treatment, in particular pro-cyclical effects and arbitrage incentives. Focus is on Solvency II capital standards. Briefly covers relevant accounting standards and international IAIS initiatives on insurance regulation. Considers direct and indirect impacts of other prudential regulations on insurers.

Publisher: Regional Standard-Setting Bodies Release date: Dec 2015

Type: Consultative, discussion and issues paper

Parent: Report on Systemic Risks in the EU Insurance Sector

Peer: The Role of the Insurance Sector in the Economy, Interconnectedness of the European Insurance Sector , Sources of Systemic Risks in Insurance , Systemic Risks of Reinsurers, Macroprudential Policies and Instruments to Mitigate or Prevent Identified Systemic Risks of Insurers

Topics: Accounting, actuarial and auditing , Systemic risk, Capital adequacy

Sectors: Insurance

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Resources

382 records

Sound Practices at Large Intermediaries Relating to the Assessment of Creditworthiness and the Use of External Credit Ratings

Federal Reserve Supervisory Assessment of Capital Planning by Large and Complex Firms

Modernizing Money Management: How Technology is Transforming Asset and Wealth Management

Modernizing Money Management: How Technology is Transforming Asset and Wealth Management

Guidance on Credit Risk and Accounting for Expected Credit Losses

Enhanced Competency Framework for Banking Practitioners

Final Draft Regulatory Technical Standards on Detailed Records of Financial Contracts

Methodology for Valuation of Liabilities Arising from Derivatives

Systemic Risks of Reinsurers

Incentives in Prudential Regulation of Insurers

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