Events listed in Banks
Russia sanctions: guidance
ID 26298
Several UK government agencies, including the Office of Financial Sanctions Implementation (OFSI), have published a revised version of their Russia sanctions guidance. With this guidance, the agencies aim to support firms in their efforts to comply with diverse Russia sanction regulations, which have been issued especially since the invasion of Ukrainian territory. The guidance thereby covers issues such as: (1) the purpose and scope ...
Toezicht 2024
ID 26295
DNB annually outlines general points of attention for supervision across various sectors, including specific points for investment firms and institutions. In 2024, DNB will once again focus on the quality of submitted prudential reports including organizing knowledge sessions for report handlers. Furthermore it will focus on prudential risk management, especially in implementing EBA and ESMA SREP guidelines, particularly in the context of consolidated supervision. ...
Financial sanctions targets: list of all asset freeze targets
ID 26294
Following the publication of new sanction measures, a new consolidated version of the list containing the names of ALL parties currently subject to asset freezing measures in the UK as of December 15, 2023 was published by the Office of Financial Sanctions Implementation of the HM Treasury.
The Bank of England’s approach to resolution
ID 26292
The Bank of England (BoE) has recently updated its approach to resolution, outlining the framework available to resolve failing banks, building societies, and certain investment firms. The resolution framework aims to ensure that financial institutions can fail in an orderly manner, with losses borne by shareholders and unsecured creditors rather than the public and society as a whole. This approach helps maintain a stable ...
OFSI General Licence INT/2023/3626884
ID 26290
On October 19, 2023, the HM Treasury’s Office of Financial Sanctions Implementation (OFSI) published a Publication Notice to inform that is has made various changes to its General Licence INT/2023/3626884 which permits financial institutions and payment service providers to – process payments of UK sanctioned individuals (DPs) or payments made by another person on behalf of such DP for the purpose of making payments ...
The Money Laundering and Terrorist Financing (Amendment) Regulations 2023
ID 26289
On December 14, 2023, the new Money Laundering and Terrorist Financing (Amendment) Regulations 2023 were published on legislation.gov.uk, the official UK platform for the publication of legal texts. The regulations modify the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (SI 2017/692), specifically regulation 35 thereunder, to stipulate the treatment of a domestic politically exposed person (PEP) or ...
Stanowisko KNF ws. polityki dywidendowej w 2024 roku
ID 26288
On 14 December 2023, KNF has decided on the dividend payment politics for the following financial institutions: – Commercial Banks – Cooperative Banks – Insurance firms – Investment fund companies – Commercial pension companies – Brokers The document lists out recommendations and calculation methodology based on 2023 results. Each financial institution, depending on the structure and the year-end’s profit, will receive a separate docu ...
Latest updates on the banking package
ID 26287
The European Commission has published information on the latest progress of the review of the regulatory framework on the capital requirements for credit institutions – the so called „banking package“. The proposed amendments to the Capital Requirements Regulation (CRR) and the Capital Requirements Directive IV (CRD IV) were endorsed by the Council and Parliament preparatory bodies. The new CRR rules are set to *take ...
Loan fee fraud partnership toolkit 2023 [zip]
ID 26286
The Financial Conduct Authority (FCA) has published a new „toolkit“ concerning its new campaign to inform of and raise customer awareness about so-called loan fee fraud. As with all toolkits published by the Authority, the material contained in this presentation may be used by „partner firms“ – that is firms supervised by the FCA and operating in this line of business – on their ...
Toezichtkalender verzekeraars 2024 gepubliceerd
ID 26284
Every December, DNB publishes a supervision calendar for insurers. This calendar outlines the supervision activities that DNB plans to carry out in the insurance sector in the upcoming year 2024. In addition to individual supervision plans for each insurer, DNB will focus on four sector-wide themes in 2024: Sustainability in Insurance Supervision, Mortgages & Real Estate Insurers, Artificial Intelligence (AI), and Cyber Resilience in ...