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Fed locks down capital standards: how will Europe respond?
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20 Feb
2014

Fed locks down capital standards: how will Europe respond?

JWG analysis. The Fed made some concessions in timing and scope, but pressed ahead with measures to insulate the US financial sector from future bailouts earlier this week.  The news stoked fears that European regulators may look to reciprocate, triggering a race to the highest common denominator when it comes to determining capital buffers, and potentially Read More

31 Jan
2014

EBA to mandate LEI: But key questions remain unanswered

JWG analysis. In late October, the European Banking Authority (EBA) released a consultation on the use of the Legal Entity Identifier (LEI) for CRD IV’s risk reporting requirements.  Now that the consultation phase has been concluded, firms may only have around 60 days to register LEIs for all their entities that report under CRD IV. Read More

22 Nov
2013

Country-by-country reporting: HMT tells banks to design their own reports

The 4th Capital Requirements Directive (CRD IV) requires banks to report to their national regulators, so-called ‘country-by-country reporting’.  Individual Member States have been tasked by the EBA with issuing national standards for firms regulated under CRD IV to carry out this reporting.  The results from the UK’s Country-by-Country reporting (CBCR) for capital requirements consultation were Read More

19 Mar
2013

Materiality of extensions and changes to internal models

In the past two weeks, the EBA has issued several consultation papers on the technical standards under the 4th Capital Requirements Directive (CRD IV).  One of the papers concerned an important question:  When are firms required to report changes to their rating systems and internal models? The answer:  Pretty much all the time.  Between the Read More

06 Mar
2013

The Dynamic Data Duo: Shareholders and regulators?

Over the past few years, global regulators have introduced new measures aimed at improving transparency. Most of their focus has been on getting a consistent, global view for the supervisors to monitor more granular risks, as evidenced by the BCBS’ Risk Data Aggregation and Reporting Principles and Basel III/CRD IV. One thing everyone knows from Read More