Prudential Regulation Review June 2019

Prudential Regulation Review - latest edition

June was a month for regulatory reflection - on the progress that has been made in transforming the financial sector since the financial crisis - and on the challenges and opportunities that lie ahead.

The transition from LIBOR also received considerable focus in June. European Regulatory Bodies also identified key themes, good practice and next steps following the feedback they received regarding firms’ preparations to manage the transition.

Derville Rowland, (Director General, Financial Conduct) spoke at the joint ESAs Consumer Protection Day 2019, hosted by the Central Bank of Ireland, and gave insights on the Central Bank’ strong support for enhanced supervisory convergence across Europe.

On the Prudential side, two new consultation papers have been issued: Consultation on draft RTS on liquidity horizons for the IMA and the Consultation on draft RTS on back-testing and profit and loss attribution (PLA) requirements under Capital Requirements Regulation 2 (CRR2). The SRB’s MREL policy has also been updated to reflect the new CRR2.

Other topics covered include:

• Banking
• Capital Markets
• Central Bank of Ireland

Previous editions

• May 2019
• April 2019
• March 2019
• February 2019
• January 2019
• December 2018
• November 2018
• October 2018
• September 2018
• August 2018
• July 2018
• June 2018
• May 2018
• April 2018
• March 2018
• February 2018

EMEA Centre of Regulatory Strategy

If you would like to contact a member of the EMEA Centre for Regulatory Strategy then please click on the below links:

Rod Hardcastle - Director, Centre for Regulatory Strategy UK

John Andrews - Senior Manager, Centre for Regulatory Strategy UK