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European Commission – Reframing risk regulation
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13 Jan
2017
Basel III Implementation, European Commission, Risk reform, CRR II

European Commission – Reframing risk regulation

On 23 November 2016, the European Commission published its proposal for a comprehensive reform package aimed at continuing risk reduction and to further strengthen resilience across the European banking system.  Included within these proposals are amendments to the current capital requirements (CRR/CRD) and resolution framework (BRRD/SRM). The Capital Requirements Regulation (CRR) and Directive (CRD IV, Read More

16 Jun
2015

Regulatory reporting 2015 Part 2: The conflict

  • 16th June 2015
  • RegTechFS

JWG analysis. Eleven of the industry’s most high-profile trade associations and ISDA this week urged regulators to adopt consistent and harmonised trade reporting requirements across jurisdictions.  However, reporting rules are already on the books and the consequences are high for firms.   In part 1 of our analysis on reporting, published last week, we explored Read More

02 Jul
2014

RegDelta alert no 5: International Standards – June catch-up

  • 2nd July 2014
  • RegTechFS

JWG analysis. June has been a busy month for all regulatory agencies, and the BCBS is no exception. With 3 consultations, 2 sets of principles and 1 regulatory consistency assessment as well as a 2013/14 annual report published in this month alone, we can see 5 years from the crisis that international standard setting is Read More

06 Mar
2014

AMLD IV adds fuel to KYC utility model

  • 6th March 2014
  • RegTechFS

JWG analysis. The European Parliament recently published (here) the latest amended text of the proposed 4th Anti-Money Laundering Directive (AMLD IV), which includes measures to help simplify the way firms conduct KYC today, and adds weight to the KYC utility business model by requiring the industry to maintain accurate and timely data on beneficial ownership. Read More

19 Nov
2013

The cost of implementing the LEI: CDOs under the gun?

  • 19th November 2013
  • RegTechFS

A big theme present at a big industry data conference earlier this month was how firms were approaching the BCBS’s standards on risk data aggregation as well as the implementation of the regulatory data agenda. With the FSB and the BCBS agreeing that “higher expectations” must be met by G-SIFIs for risk data aggregation and Read More

20 Aug
2013

Paper skyscrapers: EBA to demand 15,000+ liquidity reports per annum?

  • 20th August 2013
  • RegTechFS

Back in May 2013, the EBA outlined a list of liquidity data in addition to that required under the Liquidity Coverage Ratio (LCR) and the Net Stable Funding Ratio (NSFR) that it wanted to collect for monitoring purposes (here).  The list included information related to the entity’s reliance on maturity transformation, concentration of funding by Read More

18 Jul
2013

The Faulty Riskometer: The IMF’s flawed risk toolkit

The IMF has released a working paper on Systemic Risk Monitoring detailing the policy options and methodologies available to regulators to accurately measure systemic risk. The problem is that, although touted as being a practical guide, none of the options given are a solution to the problem of “how can we measure systemic risk?” “The Read More

09 Jul
2013

Risk data: Can it be both efficient and compliant?

Risk regulation is a cluster bomb – multiple devices with multiple impacts – but applying uniform risk data principles can save costs in 2013-16 With six months before the 4th Capital Requirements Directive comes into force, many will be asking what technological improvements will be necessary to efficiently manage risk going forward. Before they embark Read More