All posts tagged "PRA"
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456Big PictureBOE’s Woods Proposes Simplified Bank Capital Framework
The hypothetical framework would replace the current set of buffers with a "single, releasable buffer of common equity", sitting on top of a low minimum requirement.
April 29, 2022 -
326Capital RegulationUK Regulators Warn Banks Against ‘Gaming the Rules’
The warning is reportedly directed at Barclays, the only UK lender that used its pension scheme for capital arbitrage transactions in recent years.
April 18, 2022 -
612Australia & NZAPRA to Set Out Expectations for FIs Dealing in Digital Assets
APRA will not be introducing new regulatory requirements for FIs or attempting to hinder innovation. Rather, it will be asking them to closely assess and monitor new operational risks.
April 11, 2022 -
467Europe
FCA, BOE Offer New Guidance on Addressing Crypto Risk
Cryptoassets should be classified as an intangible asset for accounting purposes, meaning that in most cases direct holdings should be fully deducted from CET1.
March 25, 2022 -
805EnforcementUK Regulator Fines StanChart Over Liquidity Reporting Errors
The PRA said StanChart's internal controls and governance arrangements underpinning its regulatory reporting were not implemented or operating effectively.
December 24, 2021 -
452Big Picture
UK 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 -
230Europe
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 -
2.2KAML / 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 -
894EuropeUK 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 -
663Capital 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
