Events listed in Banks
The Financial Services and Markets Act 2023 (Consequential Amendments) Regulations ...
ID 26375
The Financial Services and Markets Act 2023 (Consequential Amendments) Regulations 2023 were recently published on legislation.gov.uk, the official journal of the United Kingdom. As noted in the title, the regulations make further consequential amendments to other regulations in an effort to transpose the provisions of the Financial Services and Markets Act 2023 and to repeal or replace EU retained law (REUL) so as to ...
The Financial Services and Markets Act 2023 (Benchmarks and Capital Requirements) ...
ID 26374
On December 19, 2023, the Financial Services and Markets Act 2023 (Benchmarks and Capital Requirements) (Amendment) Regulations 2023 were published on legislation.gov.uk, the official UK website for the publication of legal documents. The regulations make targeted changes to retained EU legislation in relation to the capital requirements of small CRR firms and in relation to the third country benchmarks regime. Specifically, the regulations (1) ...
PS19/23 – Responses to proposed minor amendments in CP8/23, Chapter 11 of CP12/23 ...
ID 26373
The Prudential Regulation Authority (PRA) has issued a Policy Statement which responds to (parts of) three previous consultations of the Authority, namely: 1. CP8/23 – Occasional consultation paper – April 2023 which consulted on proposes changes to the definition of „accounting principles“ in the Glossary, to the definition of „participating Solvency II undertaking“ also in the Glossary, one rule in the „auditor’s section“ of . ...
Dubai Financial Services Authority and Hong Kong Monetary Authority join efforts to ...
ID 26372
The Hong Kong Monetary Authority (HKMA) has issued a press release to inform that the Dubai Financial Services Authority (DFSA) and the HKMA itself have formed a partnership to bolster cross-border collaboration and support climate finance in the Middle East and Asia. This partnership aims to advance sustainable finance in the regions and contribute to the net-zero transition in alignment with the goals of ...
Opinion of the European Systemic Risk Board of 10 October 2023 on the Swedish ...
ID 26371
The European Systemic Risk Board (ESRB) has published an opinion that was drawn up by the Board on October 10, 2023 as regards the continued application of stricter national measures of the Swedish supervisory authority Finansinspektionen (FI) in connection with the use of internal models for credit risk assessment for certain credit exposures. Specifically, Finansinspektionen had applied for extending its minimum risk-weight floor requirement ...
Digital Finance in der Schweiz: ein Augenschein zurück, mit Weitblick nach vorne
ID 26370
Die SBVg hat einen Artikel über Digital Finance in der Schweiz veröffentlicht und betont die entscheidende Rolle technologischer Innovationen bei der langfristigen Erfolgssicherung und Wettbewerbsfähigkeit von Banken. Zu den Schlüsselthemen gehören digitale Vermögenswerte, digitale Währungen, KI, Open Finance und eine staatlich unterstützte digitale Identität. Digitale Vermögenswerte und Währungen unterliegen einer sich weltweit entwickelnden regulatorischen Landschaft, wobei ...
Cyber resilience good practice for firms
ID 26368
FCA, BoE and PRA have together published the annual cyber-attack resilience test report, with the report being fully released to the public for the first time. The simulation involved state actors, or advanced persistent threats (APTs), organised criminal groups and insider threats. The main findings and recommendations are: 1. Access management The stronger, the better. Good practices include hardening of active directory and authentication ...
Recommendation of the European Systemic Risk Board of 13 November 2023 regarding ...
ID 26367
The European Systemic Risk Board (ESRB) has issued a new recommendation regarding a notification of the Portuguese Central Bank, Banco de Portugal, of its intention to set a sectoral systemic risk buffer rate (sSyRB) in accordance with Article 133 of Directive 2013/36/EU, the Capital Requirements Directive IV (CRD IV). Specifically, Banco de Portugal has notified the ESRB of its plan to set a 4% ...
New consolidated version: Council Regulation (EC) No 881/2002 imposing restrictive ...
ID 26366
A new consolidated version of Council Regulation (EC) No 881/2002 with respect to sanction measures directed against persons and entities associated with ISIL (Da’esh) and Al-Qaida was published in the Official Journal (OJ) of the EU. The consolidated version contains the amendments made by Commission Implementing Regulation (EU) 2023/2670 which modified Annex I of the 2002 Regulation containing a list of sanctioned parties to ...
Modifiche al Regolamento Emittenti relative alle domande di approvazione dei ...
ID 26363
Consob submitted to the market for consultation amendments to the Issuers‘ Regulation concerning the regulation of prospectuses. Consob aims to further simplify the procedural process for submitting approval applications for informational prospectuses related to public offerings of stocks, bonds, investment fund shares and admission to trading on the stock exchange to enhance the Italian financial market’s competitiveness. The context includes both EU and national ...