This week ITFA published its revised guidelines on CRR-compliant insurance policies. The guidelines were first published in 2016 to assist banks with navigating the complex rules for credit risk mitigation that apply to...more
The Prudential Regulation Authority (PRA) has published a Policy Statement (PS 8/19) and updated Supervisory Statement (17/13 “Credit Risk Mitigation”, which will come into force on 13 September 2019) in relation to the use...more
On 16 February 2018, the Prudential Regulation Authority (“PRA”) published a consultation paper containing a draft Supervisory Statement to clarify the PRA’s expectations regarding the eligibility of guarantees as unfunded...more
Following a meeting of the Basel committee in March this year, the Chairman Stefan Ingves, announced that the committee has made further progress towards the finalization of the Basel III accord are stricter capital rules and...more
7/28/2017
/ Anti-Money Laundering ,
Banking Regulators ,
Banking Sector ,
Basel Committee on Banking Supervision (BCBS) ,
Basel III ,
Basel IV ,
Breach of Financial Sanctions ,
Capital Requirements Regulation (CRR) ,
EU ,
European Commission ,
Financial Institutions ,
FinTech ,
MiFID II ,
Non-Bank Lenders ,
Supply Chain ,
TLAC ,
UCITS ,
UK Brexit