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Enforcement
UK FCA Fines Barclays £40m Over 2008 Disclosure Failures
By Mark Johnston | 26/11/2024
The FCA said Barclays failed to disclose payments to Qatari entities that helped rescue the bank during the 2008 financial crisis.
Capital / Liquidity
ECB Compares EU and US Capital Requirements for Banks
By Mark Johnston | 23/11/2024
The ECB hasn’t yet decided whether to publish its analysis, which reportedly shows that EU banks would face significantly higher capital requirements if they were subject to US rules.
Capital / Liquidity
HKMA Shares Good Practices to Support Basel III Implementation
By Manesh Samtani | 22/11/2024
The HKMA encourages banks to maintain their momentum as the 1 January 2025 implementation date for certain aspects of Basel III approaches.
ESG / Sustainability
BCBS Postpones Climate Risk Disclosure Framework for Banks
By Thisanka Siripala | 21/11/2024
The BCBS has been unable to finalise the Pillar 3 disclosure framework for climate-related financial risks because the US refuses to endorse it.
Capital / Liquidity
BCBS Issues Work Update, Calls for Full Basel III Implementation
By Editors | 21/11/2024
Next month BCBS will publish the final CCR guidelines, a report on the CCyB, and Korea’s NSFR and large exposures assessment reports.
Capital / Liquidity
MAS Issues Response on Enhancing Deposit Insurance Scheme
By Nithya Subramanian | 20/11/2024
MAS released a second set of responses to proposals aimed at improving the operational efficiency of the deposit insurance scheme.
Capital / Liquidity
FSB Urges G20 Leaders to Fully Implement Agreed Reforms
By Mark Johnston | 20/11/2024
FSB Chair Klaas Knot emphasises the importance of addressing financial system vulnerabilities, including through the full and timely implementation of agreed reforms.
Capital / Liquidity
HKMA Codifies Regulatory Expectations on Money Brokers
By Sanday Chongo Kabange | 18/11/2024
New SPM module codifies existing requirements and standards for approved money brokers and elaborates on HKMA’s supervisory process.
Big Picture
FSB Urges Jurisdictions to Advance Bank Resolution Planning Efforts
By Manesh Samtani | 18/11/2024
The 2023 bank failures underscored that “any financial institution” could be systemically significant or critical if it fails.
Capital / Liquidity
IAIS Approved Final Version of Insurance Capital Standard
By Editors | 17/11/2024
The ICS aims to provide a globally comparable risk-based measure of capital adequacy of internationally active insurance groups.
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