Events listed in report / study
The EU banking sector remains resilient despite pockets of risk stemming from the ...
ID 26215
EBA has released its annual risk assessment of the EU banking system, accompanied by the 2023 EU-wide transparency exercise. The report indicates the resilience of the EU banking sector post the March banking turmoil, with high capitalization, a strong CET1 ratio at 16%, and underlying profitability supporting bank payouts. Despite elevated interest rates contributing to widening interest margins, there are potential risks due to ...
ESAs recommend steps to improve activities of innovation facilitators across the ...
ID 26197
The ESAs have issued a comprehensive report on innovation facilitators, encompassing innovation hubs and regulatory sandboxes, with a focus on enhancing their role and efficiency in the financial sector across the EEA. The report acknowledges improvements in the operations of EEA innovation hubs since the last assessment in 2019, emphasizing their continued dedication to enhancing firms‘ understanding of regulations and supervisory expectations. Regulatory sandboxes ...
OCC Issues Annual Report for 2023
ID 26183
The Office of the Comptroller of the Currency (OCC) has published its Annual Report 2023 which primarily informs of the current condition of the federal banking system, the key priorities of the regulator for both the past reporting period and the upcoming one, and of the key actions taken by the regulator to accomplish its goals. As far as the condition of the banking ...
Insurance
report / study
EIOPA assesses the progress of supervision in IORP’s Prudent Person Rule compliance
ID 26162
EIOPA has released a follow-up report on the application of the Prudent Person Rule for IORPs in accordance with the IORP II Directive. The Prudent Person Rule requires IORPs to invest in the best interests of their members and beneficiaries while adhering to specific investment rules. The 2019 peer review identified 27 recommendations across seven areas for 28 NCAs. The follow-up report reveals that ...
Bundesrat beschliesst Weiterentwicklung der «Swiss Climate Scores»
ID 26146
Der Bundesrat hat beschlossen, die freiwilligen „Swiss Climate Scores“ weiterzuentwickeln, um die Klimatransparenz von Finanzprodukten am Schweizer Finanzplatz zu verbessern. Die Scores bieten institutionellen und privaten Anlegern vergleichbare Informationen darüber, wie klimaverträglich ihre Finanzanlagen im Hinblick auf internationale Klimaziele sind (eventid=16340, eventid=17947). Die aktualisierten „Swiss Climate Scores“ ab 1. Januar 2025 enthalte ...
SFC highlights key regulatory work and market data in quarterly report
ID 26133
The Securities and Futures Commission of Hong Kong, SFC, has published its latest Quarterly Report covering the period from July through September 2023. The report provides some general statistical data e.g. on mutual fund registrations, licenses granted, or enforcement actions, and also summarizes industry developments and the Commission’s regulatory activities during the specified period. Some of the highlights are noted below: – The SFC ...
Costs to consumers and SMEs of a loss of access to in-person cash and banking ...
ID 26132
In the context of a consultation (CP23/29) on proposed new rules to ensure that UK consumers and small business entities (SMEs) continue to have access to cash (please see EventID 24271 for detailed information on the consultation), the Financial Conduct Authority (FCA) has released an accompanying research report and related technical report dealing with the assessment of the „costs“ for firms and consumers, if ...
Germany’s progress in strengthening measures to tackle money laundering and ...
ID 26129
The present „Anti-money laundering and counter-terrorist financing measures Germany, 1st Enhanced Follow-up Report“ provides an assessment of Germany’s progress in addressing technical compliance deficiencies identified in its MER by the FATF. The report was adopted by the FATF Plenary in November 2023. **The purpose of the report is to analyze Germany’s progress in improving technical compliance and to re-rate the country on specific FATF ...
ESMA highlights potential conflicts of interest risks in changes to Collateralised ...
ID 26121
ESMA released a report on EU credit ratings for Collateralised Loan Obligations (CLOs), highlighting potential conflicts of interest risks observed in the dialogue between CRAs and market participants from 2017 to 2021. The focus is on the CLO methodology development and rating process of CRAs. The report emphasizes the influential role of arrangers, managers, and investors in the CLO market, and how their **selection ...
OCC Report Identifies Key Risks Facing Federal Banking System
ID 26116
The Office of the Comptroller of the Currency, OCC, has published its semi-annual risk perspective which describes the current and expected operating environment of financial institutions in the U.S. and outlines the key risks faced by financial institutions in this context (with data provided for the analysis as of June 30, 2023). In brief, these are: (1) operational risks: these risks remain elevated as ...