45 posts categorised "Prudential Regulation"

15 December 2020 A longer advent: FCA extends its festive IFR data collection What can investment firms learn from the FCA’s data collection request on the Investment Firms Prudential Regime?

17 November 2020 A respite, not a break - timeline revised for investment firm prudential rules The regulators have delayed the implementation date for the UK version of the investment firm prudential rules – we look at what this means for firms.

25 September 2020 How financial services can navigate through a real time stress test Sam Austin shares insights of current uncertainties facing challenger banks and building societies through their financial planning and stress testing processes.

02 July 2020 Solvency II: Prudent Person Principle The PRA published Supervisory Statement on Solvency II: Prudent Person Principle, setting out its expectations for insurers' investment strategies, investment risk management and governance.

22 January 2020 New year’s resolutions (and pre-emptive recovery plans) for insurers Recovery and resolution (R&R) planning appears to have arrived in insurance, following multiple false dawns.

16 January 2020 Should EU banks be able to use capital and liquidity waivers? With European bank profitability low and coming under constant pressure, cross-border banking groups have been arguing for the ability to move capital and liquidity across borders more easily, in order to improve their efficiency in funding economic growth.

06 December 2019 What do the PRA’s changing credit risk rules mean for firms? By Stefanie Aspden and Mete Feridun. Efforts to reduce the unwarranted variability in credit risk-weighted assets (RWAs), stemming from differences in modelling practices across firms, continue to be high on the regulatory agenda in the EU.

14 August 2019 Breaking the “Barriers to Growth” Since its inception in 2013 the PRA and FCA’s New Banks Unit has made great progress in reducing barriers to entry for new banks in...

24 June 2019 The PRA's Fastest Growing Firms Thematic: key themes and actions for banks By Stephanie Henderson-Begg On 12 June the PRA fed back to firms on their “fast growing firms” (FGF) thematic, which has involved 20 of the...

07 February 2019 "Seven Awkward Questions" - food for thought for new bank applicants By Stephanie Henderson-Begg Last week Bank of England Deputy Governor for Prudential Regulation and CEO of the Prudential Regulation Authority (PRA), Sam Woods, gave a...

04 February 2019 Stress testing model risk management: New challenges for firms 2019 marks a major step forward in the regulation of model risk management (MRM), with the PRA beginning to assess firms’ stress testing MRM practices as part of their Supervisory Review and Evaluation Processes (SREPs).

28 January 2019 How does the ECB guide to internal models differ from TRIM? By Oliver Vincens In September 2018, the European Central Bank (ECB) published its draft version of the risk-type-specific chapters for the ECB guide to internal...

12 October 2018 The regulator has been telling us the same thing for years, so why does it feel different this time? By Andy Moore This is not the first time the PRA has written to general insurers, highlighting its concerns about the pressure on reserving and...

21 August 2018 Investment firms: the perfect regulatory storm? By Hortense Huez and Mete Feridun The landscape for investment firms is changing fast through a number of concurrent reforms including the FCA’s extension of...

27 June 2018 Time to take note and action following the latest Dear CEO On 31 May, the PRA released one of its strongest letters to date, raising serious concerns about the sustainability of some London Market insurers’ business models amidst one of the longest soft cycles faced by the market.

17 May 2018 Where are all the specialists needed to implement IFRS 17? As I continue conversations about IFRS 17 implementation plans with companies across the globe, I can’t help but notice I am being asked the same question over and over: where are all the specialists needed to implement IFRS 17?

07 March 2018 What will the ‘Basel IV’ package mean for banks? By Hortense Huez and Reginald Hanna The finalisation of the Basel III rules, widely referred to as the ‘Basel IV’ package, marks the end of...

03 October 2017 How can you use your investment in Solvency II to implement IFRS 17? By Anthony Coughlan Blog snapshot Insurance companies can use some models, systems and processes developed for Solvency II for IFRS 17. It is important to...

14 July 2017 What’s on the PRA’s agenda for 2017/18? By Conor MacManus The Prudential Regulation Authority (PRA) has set out its priorities for 2017/18 in its business plan. Brexit features heavily in the PRA’s...

19 May 2017 Did insurers miss an open goal to resolve IT issues on Solvency II ahead of IFRS 17? By Alwin Swales Blog snapshot: Insurance companies missed an opportunity to modernise their legacy IT systems estate during Solvency II Biggest impact on systems will...

05 April 2017 Harrowing the ploughed field: addressing capital requirements in UK banking This article looks at how regulators will address capital requirements as they seek to promote competition in UK banking.

30 November 2016 Solvency II narrative reporting: The Story of Goldilocks and the Fire Drill Pillar 3 often feels like the forgotten Pillar of Solvency II. The stark realisation of how the size, complexity and speed of reporting will impact companies and how quickly the first external public disclosure is coming around.

29 November 2016 Reforming EU banking capital and liquidity requirements, with a flavour of post-Brexit regulation The European Commission publishes its first proposals for revised rules to calibrate capital and liquidity requirements – in the form of a Regulation and a Directive (CRR II and CRD V), as well as additional amendments to the bank recovery and resolution Directive (BRRD), to implement global standards for total loss absorbing capital (TLAC)..

31 October 2016 The Reporting Revolution PRA CEO Sam Woods considers whether firms should publically disclose their regulatory reporting, revolutionising the relationship between firms and their stakeholders.

25 October 2016 The PRA’s rules on buy-out awards – what do they mean in practice? By Katy Bennett On 28 September the Prudential Regulation Authority (PRA) finalised new rules on buy-outs for – the recruitment payments made to an individual...

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