All posts tagged "PRA"
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327Big PictureUK Considers Use of Climate Risk Capital Buffers
The Bank of England is exploring whether to use capital add-ons or scalars to address weaknesses in climate risk management.
November 1, 2021 -
156Europe
BOE Commences Climate Risk Stress Tests for Banks, Insurers
The end result will be more robust management of climate-related financial risks across the sector, said BOE governor Andrew Bailey.
June 10, 2021 -
1.8KAML / KYCGoldman Resolves Remaining 1MDB Charges for $2.9bn
Under the coordinated resolution, Goldman will pay $606mn in disgorgement and more than $2.3bn in penalties to authorities in the US, UK, Hong Kong and Singapore.
October 23, 2020 -
852EuropeUK Consults on Post-Brexit Regulatory Framework for Financial Services
The consultation proposes a blueprint for the future regulatory framework that more clearly allocates responsibilities between Parliament, HM Treasury and financial services regulators.
October 22, 2020 -
626Capital Regulation
BOE Sets Deadline for UK Firms to Embed Climate Risk
By end-2021, financial firms will have to be able to demonstrate that their approaches to managing climate-related financial risk have been implemented and embedded in their organisations.
July 7, 2020 -
673EnforcementSFC Declines to Take Action Against HSBC for No-dividend Decision
Some investors in HSBC alleged the bank failed to safeguard their interests. Others questioned whether the bank's discussions with the Bank of England were disclosed in a timely manner.
May 15, 2020 -
890EuropeBanks Scrap Dividends, Buybacks Amid Regulatory Pressure
HSBC and Standard Chartered are among the banks that have scrapped their 2019/2020 dividends and agreed not to buy back shares.
April 2, 2020 -
856EuropeFCA Proposes ‘Comply or Explain’ Approach to Climate Disclosures
The FCA proposes to require companies with a UK premium listing to either make climate-related disclosures consistent with the TCFD recommendations, or explain their non-compliance.
March 8, 2020 -
476EnforcementUK Regulator Penalises Citigroup for Reporting Failures
Citi’s UK failings led to “significant errors” in the firms’ returns, preventing the Prudential Regulation Authority from obtaining an accurate picture of its capital or liquidity position.
November 28, 2019
