Gaby Frangieh’s Post

🔍 Stay informed with our curated news   We regularly update on topics that matter to the banking sector. Our latest edition of the AFBS News offers crucial insights into:   🏦 Developments in Swiss banking regulations 🌍 Political and international implications for the financial industry 📈 Trends and innovations shaping the banking landscape Highlights include: ▪️Swiss Financial Intelligence Public Private Partnership to help strengthen combat of money laundering ▪️Dispatch to Parliament on mutual recognition agreement between UK and Switzerland ▪️FINMA Risk Monitor outlining areas of supervisory attention ▪️Sustainable finance and climate goals ▪️Federal Council report on cyberattacks and public-private cooperation ▪️SIX Post Trading Council on the introduction of ISO 20022 payment standards ▪️And much more … Take advantage of the AFBS News November 2024: https://lnkd.in/e7TxD3Vp   Follow us for expert insights and updates on the latest developments in banking and finance🇨🇭.   #BankingNews #AFBS #SwissBanking #FinanceUpdates

🏛 Here is our weekly update on #financialregulation news 📰 BBVA Research Salvador Portillo Bustillo Highlights: ✔ FSB issues progress report on achieving consistent and comparable climate-related disclosures ✔ IOSCO publishes report on transition plans disclosures and final report on VCMs ✔ FSB issues public statement on the resolution of banks systemic in failure ✔ ECB publishes a consultation on its approach to options and discretions available in EU law ✔ EBA issues consultation paper on proportionate retail diversification methods #FSB #climaterisk #sustainability #disclosure #IOSCO #transition #VCM #resolution #systemic #failure #liquidation #TLAC #BCBS #BaselIII #monitoring #AI #IAIS #insurance #ICS #liquidity #IAASB #ECB #Options #EBA #retail #EBA #StressTest #ThirdCountry #branches #ESMA #AIF #UCITS #EIOPA #CNMV #BoE #PRA #FCA #CTP #CFPB #FRB #USTreasury #FinCEN #deepfake

🇪🇺 The European Banking Federation (EBF) supports the Basel Committee's integration of climate-related financial risks into the Basel III framework, focusing on Pillar 3 disclosures. This endorsement underscores the banking industry's commitment to transparency and resilience, addressing climate change's financial impacts. Read more in our article: https://lnkd.in/dqPNAi9P #ClimateChange #FinancialStability #EBF #BaselIII #SustainableBanking

The Nordic and Baltic countries are expected to experience a “not-insignificant” increase in #SRT issuance in 2024, with their somewhat self-imposed supervisory reticence towards the instrument taking a back seat amid other market drivers. Indeed, the implied supervisory concerns across the region appear less pressing now, given greater regulatory transparency around synthetic securitisation and the designation of SRTs as a strategic area by the ECB. SCI’s Joe Quiruga caught up with Jonas Bäcklund, head of group structuring at Nordea, for the latest. SCI subscribers can read the full article here: https://lnkd.in/ek6KmF7D #synthetics #securitization #securitisation #CRT #risktransfer #capitalmanagement #risksharing #structuredcredit #structuredfinance #capitalrelief

Published on August 29th, 2024 by the European Systemic Risk Board (#ESRB), this report reflects on banks’ vulnerability to deposit runs in the aftermath of the latest banking crisis. It also discusses pros and cons of proposed policy options to strengthen #resilience of the banking sector to #crisis. The report documents the importance of deposits for #EU banks and how they have evolved, reviews the academic literature on bank runs, and discusses a broad set of existing or potential policies that have been proposed to address vulnerability to runs or the underlying causes. In total, the report discusses ten policy options. Five are options that could be implemented by fine-tuning existing regulations and supervision: -enhancing supervision of bank liquidity and funding positions; -amending liquidity requirements; -amending capital requirements; -improving the pricing of deposit insurance; and -enhancing going concern recapitalisation capacity. Another five are options that would involve deeper structural changes to the financial system: -narrow banking; -prepositioning of collateral at the central bank; -tighter convertibility conditions for uninsured deposits; -extended deposit insurance coverage; and -a move to mark-to-market accounting. The pros and cons of each option – none of which is an ESRB Recommendation as in Article 16 of its founding regulation – are discussed in detail, based on findings in the academic literature and an assessment by the ASC of their feasibility. #bankruns #depositruns #bankfailures #liquidityrisk #LCR #GRC #riskmanagement #liquidityriskmanagement #operationalresilience #depositinsurance #banking #capitaladequacy #NSFR #regulatoryguidance #Basel #EBA #ECB #goingconcern #recapitalization #fundingrisk

📣 The Prudential Regulation Authority (PRA) has published its second policy statement on implementing Basel 3.1 standards. The near-final rules focus on credit risk, output floors, and reporting for banks and financial firms, aiming for more balanced, risk-sensitive capital requirements. ✅ The package supports financial stability and competitiveness, with adjustments for SME lending, infrastructure, and trade finance. ✅ The Basel 3.1 standards' implementation is delayed to January 2026, with a transition period until 2029. ✅ Simplified capital rules for smaller firms are also proposed. Read more: Bank of England News: https://lnkd.in/ePcW4Wq3 #grc #regtech #bankofengland #pra

And here's the published revisions of the capital requirements regulation, the pillar 1 and pillar 3 requirements for banks. As to sustainable finance, you can find among others that disclosure rules have been refined in article 449a CRR, the impact assessment of infra structure projects using article 501a CRR has to show positive impact on the environmental objectives, and that EBA must investigate the impact of the current banking rules on farmers in article 505 CRR. #CRR #banks #capital #sustainablefinanceEU #farmers https://lnkd.in/eryzcdTx

The Basel Committee on Banking Supervision's 2022 Principles promote the use of climate scenario analysis (CSA) to assess banks' resilience to climate-related risks. To enhance CSA practices, the Committee released a discussion paper on the role of climate scenario analysis in strengthening the management and supervision of climate-related financial risks. In 2023, the Committee started monitoring the implementation of these Principles, underscoring CSA's importance. However, varied methodologies and data limitations across jurisdictions remain a challenge. Read this research paper to know more about it! #Banking #RiskManagement #RiskMitigation #FinancialInstitutions

🚩 Attention to Cyprus Investment Firms (CIFs) 📣 CySEC issued the Circular C646 to inform CIFs that the European Banking Authority (EBA) and European Securities Markets Authority (ESMA) issued on 03/06/2024 a Discussion Paper on the European Commission’s call for advice on the IFD/IFR. 📍 CySEC strongly encourages CIFs to submit comments on the issues raised in the Discussion Paper and participate in a data collection exercise launched by EBA. Read More 👇 https://lnkd.in/d4ueP9qQ #ESMA #EBA #Europe #investmentfirms #CIF #consultation #discussionpaper

The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) published on June 3 a discussion paper on the potential review of the investment firms’ prudential framework. The discussion paper aims at gathering early stakeholder feedback to inform the response to the European Commission’s call for advice (CfA). The consultation runs until 3 September 2024. To assess the impact of the possible changes discussed in the paper, the EBA also launched a data collection exercise on a voluntary basis. The discussion paper touches upon a broad range of topics, including: -the adequacy of the current prudential requirements, -an analysis of the existing methodology, -risks not covered by the current framework. It also discusses the implications of the adoption of the new EU Banking package (CRD VI and CRR 3) concerning the trading book, the fundamental review of the trading book (#FRTB) and credit valuation adjustments (#CVA). #EBA #Investmentfirms #prudentialframework #GRC #riskmanagement #riskassessment #FRTB #CVA #BaselIII #riskmeasurement