Regulatory Updates
EU & UK Reg Round Up: 14/03/2024
European Banking Authority EBA have published a final draft technical standards on complaints handling - 13 March 2024 The draft RTS sets out the requirements, templates, and procedures for handling complaints received by issuers of asset reference tokens (ARTs). This fulfils the mandate set by the EBA on regulating the
US Reg Round Up: 14/03/2024
Federal Reserve FED release final rule that updating risk management requirements for FMUs - 08 March 2024 The Federal Reserve Board has issued a final rule updating risk management requirements for certain systemically important financial market utilities (FMUs). These updates offer guidance on risk management practices that FMUs must adhere
US Reg Round Up: 06/03/2024
Federal Reserve FED’s minutes of the meeting for determining the discount rate has been released - 27 February 2024 In a joint meeting with the FOMC and the Board they decided to maintain the federal funds rate at 5.25 - 5.5 percent. The board also approved maintaining
EU & UK Reg Round Up: 06/03/2024
European Banking Authority EBA are consulting on amendments to implement the Basel III reforms - 20 February 2024 The EBA have launched two public consultations on two draft ITS, one for amending Pillar 3 disclosures and supervisory reporting requirements for operational risk. The proposed amendments align with the new CRR3
US Reg Round Up: 17/02/2024
Federal Reserve The FED release hypothetical scenarios for its annual stress test - 15 February 2024 For the first time, the board released four hypothetical elements which are designed to test the different risks the banking system may experience. The hypothetical recession scenarios the FED have proposed extend to two
EU & UK Reg Round Up: 17/02/2024
European Banking Authority The EBA have released taxonomy 3.4 to its reporting framework -06 February 2024 This package includes the validation rules, the Data Point Model (DPM), and the XBRL taxonomies to now support the amendments to the reporting requirements. This new reporting framework will be expected to apply
US Reg Round Up: 17/07/2023
Federal Reserve Agencies finalize policy statement on commercial real estate loan accommodations and workouts 29 June 2023 Federal financial institution regulatory agencies today jointly issued a final policy statement on commercial real estate loan accommodations and workouts. U.S. Securities and Exchange Commission SEC Proposes Rule Amendments to the Broker-Dealer
EU & UK Reg Round Up: 17/07/2023
European Banking Authority The EBA publishes the final amending ITS on supervisory disclosure under CRD 21 June 2023 The European Banking Authority (EBA) published its final draft amending Implementing Technical Standards (ITS) on supervisory disclosures, which specify the format, structure, contents list and annual publication date of the supervisory information
Reg Round Up: installment 4
European Banking Authority The EBA publishes the final amending ITS on supervisory disclosure under CRD 21 June 2023 The European Banking Authority (EBA) published its final draft amending Implementing Technical Standards (ITS) on supervisory disclosures, which specify the format, structure, contents list and annual publication date of the supervisory information
Reg Round Up: installment 3
European Banking Authority 14 June 2023 - EBA updates list of risk indicators and analysis tools The European Banking Authority (EBA) published an updated list of indicators for risk assessment and risk analysis tools, together with the accompanying methodological guide. Without adding any reporting burden neither on reporting institutions nor