XP 49 Financial Industry Consultants

13th January 2022 – IOSCO Operational Resilience of Trading Venues Consultation Results

2022-03-14T12:14:03+00:00

IOSCO draws a few lessons from its s=consultation about strengthening the resilience of trading venuws through enhanced BCP testing, effective governance frameworks, managing dependencies on people, premises, processes...   IOSCO report link: https://www.iosco.org/library/pubdocs/pdf/IOSCOPD694.pdf

13th January 2022 – IOSCO Operational Resilience of Trading Venues Consultation Results2022-03-14T12:14:03+00:00

12th January 2022 – UK PRA Dear CEO Letter to International Banks – 2022 Priorities

2022-01-17T17:39:40+00:00

The PRA (Prudential Regulator) sent a "Dear CEO" letter to all international banks active in the UK, detailing its priorities (and therefore areas of particular attention for the banks) for 2022. It issued a similar letter to Insurance companies. The main preoccupations for the PRA as far as banks are concerned: 1. Financial resilience - [...]

12th January 2022 – UK PRA Dear CEO Letter to International Banks – 2022 Priorities2022-01-17T17:39:40+00:00

7th January 2022 – ISDA OTC Compliance Calendar

2022-01-17T17:13:26+00:00

ISDA publishes monthly updates on the OTC reform calendar, detailing all the forthcoming regulations by jurisdictions. This is a useful reminder of changes to come and dates to pay attention to.   ISDA document: https://www.isda.org/a/vU6gE/Updated-OTC-Derivatives-Compliance-Calendar-2022-1-1.pdf  

7th January 2022 – ISDA OTC Compliance Calendar2022-01-17T17:13:26+00:00

21st December 2021 – ECB Low Carbon Transition & Credit Risk

2021-12-30T12:01:48+00:00

The ECB produces a Working Paper on the topic of the Low carbon Transition, Climate Commitments and the impacts on Credit Risk. This is a rather technical essay, focusing on the following topic: "whether and how two key measures of firm-level credit risk – credit ratings issued by rating agencies and the market-implied distance-to-default – [...]

21st December 2021 – ECB Low Carbon Transition & Credit Risk2021-12-30T12:01:48+00:00

17th December 2021 – US OCC Principles for Climate-Related Risk Management by Large Banks

2021-12-30T11:52:35+00:00

The OCC wants to ensure that large banks properly identify and manage the risks associated with both physical and transition aspects of climate change. It publishes a first draft of Principles to provide a high-level framework for the safe and sound management of exposures to climate-related financial risks, consistent with the existing risk management framework [...]

17th December 2021 – US OCC Principles for Climate-Related Risk Management by Large Banks2021-12-30T11:52:35+00:00

17th December 2021 – UK FCA Policy Statements – Enhancing Climate-Related Disclosures (PS21-23 + PS21-24)

2021-12-30T11:46:36+00:00

The FCA issues 2 Policy Statement on climate-related disclosures: one for Listed Companies, issuers of Shares and GDRs (PS21-23) and one for Asset Managers and Asset Owners (PS21-24). The FCA introduced climate-related disclosure requirements in December 2020, through a Listing Rule for premium listed commercial companies referencing the TCFD’s recommendations. PS21-23 extends the application of [...]

17th December 2021 – UK FCA Policy Statements – Enhancing Climate-Related Disclosures (PS21-23 + PS21-24)2021-12-30T11:46:36+00:00

13th December 2021 – Bank of England Solvency Stress Test 2021 Results

2021-12-29T16:31:21+00:00

The Bank of England’s 2021 ‘solvency stress test’ (SST) shows the major UK banks are resilient to a severe path for the economy in 2021–25 on top of the economic shock associated with the Covid-19 (Covid) pandemic that occurred in 2020. These results support the Financial Policy Committee's (FPC) judgement that the system is resilient [...]

13th December 2021 – Bank of England Solvency Stress Test 2021 Results2021-12-29T16:31:21+00:00

7th December 2021 – FSB Resolution Report 2021

2021-12-29T16:04:50+00:00

This FSB report commemorates the tenth anniversary of the FSB Key Attributes of Effective Resolution Regimes for Financial Institutions (“Key Attributes”), whose main aim was to address the potential issue of "Too Big To Fail" institutions. According to the FSB, the 3 main axis for further progress are: Banks – Important work remains to improve [...]

7th December 2021 – FSB Resolution Report 20212021-12-29T16:04:50+00:00

6th December 2021 – EBA Transparency Exercise – EU Banks Risk Assessments 2021

2021-12-29T15:39:52+00:00

The EBA discloses detailed bank-by-bank data for the reference dates of 30 September 2020, 31 December 2020, 31 March 2021 and 30 June 2021. Information collected via the EBA EUCLID platform is published at the highest level of consolidation for 120 banks across 25 countries of the European Union (EU) and the European Economic Area [...]

6th December 2021 – EBA Transparency Exercise – EU Banks Risk Assessments 20212021-12-29T15:39:52+00:00

3rd December 2021 – FSB Report on OTC Derivatives Market Reform Implementation

2021-12-29T15:29:40+00:00

The FSB issues its annual Report on the implementation of the OTC Derivatives Market Reform which was decided following the 2008/09 financial crisis. Nothing major has come out in the last 12 or 15 months, partly as a result of COVId-19. The FSB report can be found here: https://www.fsb.org/2021/12/otc-derivatives-market-reforms-implementation-progress-in-2021/

3rd December 2021 – FSB Report on OTC Derivatives Market Reform Implementation2021-12-29T15:29:40+00:00
Go to Top