Banks need to improve data management and reporting practices in their U.S. mandated resolution plans, but they have nonetheless made progress in meeting regulators’ expectations with the help of customized playbooks on issues such as governance, reporting, and management information systems, participants learned in a webinar by consultancy Deloitte. (more…)
Financial Regulatory Forum
Canadian banking outlook downgraded over ‘bail-in’ move, adding to recent financial stability concerns
By Daniel Seleanu, Compliance Complete
TORONTO, July 17, 2014 (Thomson Reuters Accelus) – In yet another worrying sign for Canada’s financial sector, Moody’s Investors Service has lowered its outlook for the Canadian banking system from “stable” to “negative” over uncertainty about government willingness to bail out banks during a crisis. It follows a pair of recent warnings issued by the Bank of Canada (BOC) and the Bank for International Settlements (BIS), both of which highlighted the growing risk of stress posed by runaway consumer debt and property prices.
By Bora Yagiz, Compliance Complete
NEW YORK, Apr. 9 (Thomson Reuters Accelus) – The Basel Committee’s March 26 plan on the supervisory framework for measuring and controlling large exposures is offering a new insight into how internationally active banks should determine their level of exposures to a single counterparty and a group of connected counterparties, and which factors they should weigh in making the necessary calculations.
By Bora Yagiz
NEW YORK, June 25 (Thomson Reuters Accelus) – As part of an effort to bring the United States in line with the international standards of Basel III, the Federal Reserve Board, the Office of the Comptroller of Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC), on June 8, 2012, jointly proposed three rules dubbed together as the integrated regulatory capital framework.
By Keith Mullin, Editor at Large, International Financing Review
— the views expressed are his own —
LONDON, Nov 12 (Reuters) The popular quote about focusing on the journey rather than the destination could well have been written about current moves to create the next generation of bank capital instruments and determine the place of hybrid debt in bank capital structures.
By Huw Jones
LONDON, July 9 (Reuters) – Global regulators gathering next week to finalise tough new bank capital rules face increased pressure to be more open after the market’s positive response to greater transparency over European bank stress tests.
MELBOURNE, March 1 (Reuters) – Australian banks could do with a little more capital parked on their balance sheets even though they have weathered the global financial crisis in good shape, the country’s central bank chief said on Monday.
LONDON, Feb 17 (Reuters) – Top global banks will need an extra $221 billion of capital and see annual profits slump by $110 billion if all proposed regulations to reform the industry are brought in, leading analysts said on Wednesday.