KYC: Review Refresh Renew
Prevent future remediation work
As regulatory consultants, we have become accustomed to the reaction we get from clients when we mention the word ‘remediation’. The word itself is an indication of failure, that policies and procedures were either not in place or were not followed correctly.
Pillar 3 is evolving
CRR 2 introduces many changes including a focus on ESG
The second Capital Requirements Regulation (CRR 2) and recent European Central Bank (ECB) and European Banking Authority (EBA) publications, continue to strengthen the Pillar 3 regulatory framework across Europe and provide challenges to firms in this context.
Financial Markets Regulatory Outlook 2021
Our annual assessment from Deloitte’s EMEA Centre for Regulatory Strategy explores how major regulatory trends will affect the financial services industry across EMEA in the year ahead, and how leaders can anticipate and respond to them effectively.
The Evolving CAR
The protection of client assets continues to be a priority for the Central Bank of Ireland. The client asset regime which was introduced in 2007 (Client Asset Requirements ), and revised in 2015 (Client Asset Regulations (CAR)), ultimately aims to maintain public confidence, minimise the risk of loss/misuse of client assets and protect investors in the event that an investment firm was to become insolvent.
The European Banking Authority Final Guidelines on Loan Origination and Monitoring
The European Banking Authority (EBA) published its final Guidelines on
Loan Origination and Monitoring on the 29 May 2020.
The final Guidelines form part of the response to the European Union’s Action Plan regarding high levels of non-performing exposures witnessed throughout the global financial crisis (GFC) with non-performing loan (NPL) ratios remaining at pre-GFC levels in some countries at present.
Culture in the Financial Sector - Why is it important?
Risk Powers Performance
The concept of culture in the financial sector has been on the radar for international regulators for many years and continues to be a focus area on the supervisory agenda for the Central Bank of Ireland ("CBI").