Banks are tightening lending standards across the board despite lower demand and as the Federal Reserve encourages lending. They said in a Fed survey that they are lowering credit limits and demanding higher minimum credit scores from consumers. Banks are tightening lending standards across the board even as they’re being urged to get money [...]
LONDON (Reuters) - Regulators in Britain and the European Union said they have dusted off their no-deal Brexit agreements to avoid disruption in cross-border asset management. Britain left the EU in January, but unfettered access to the European market has continued under a transition agreement that ends in December. Negotiations of a new UK-EU [...]
The European Banking Authority (EBA) launched today an additional EU-wide transparency exercise to provide market participants with updated information on the financial conditions of EU banks as of 31 December 2019, prior to the start of the COVID-19 pandemic. The EBA expects to publish the results of this exercise at the beginning of June. [...]
The European Banking Authority (EBA) issued today an updated list of validation rules and XBRL taxonomy related to its Implementing Technical Standards (ITS) on supervisory reporting. This update aims to improve data quality issues for the reporting framework v 2.9. The package for the reporting framework v 2.9 includes new and amended validation rules, severity [...]
The European Banking Authority (EBA) publishes today an amendment to its 2018 guidelines on fraud reporting under the revised Payment Services Directive (PSD2). The changes reflect some consequential amendments to the reporting templates under the guidelines as a result of clarifications provided more recently by the European Commission on the application of strong customer [...]
The European Banking Authority (EBA) published today its final Guidelines on ICT and security risk management. These Guidelines establish requirements for credit institutions, investment firms and payment service providers (PSPs) on the mitigation and management of their information and communication technology (ICT) and security risks and aim to ensure a consistent and robust approach [...]
The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published today their second joint Opinion on the risks of money laundering (ML) and terrorist financing (TF) affecting the European Union's (EU) financial sector. Drawing on data and information provided by national anti-money laundering (AML) and countering the financing of terrorism (CFT) competent [...]
The European Banking Authority (EBA) launched today a 2-month public consultation on its proposals for a simple, transparent and standardised (STS) framework for synthetic securitisation. This ground-breaking work on synthetic securitisation unveils new data and insights into post-crisis market developments and trends, including data on historical default and loss performance. It also proposes a [...]
The European Banking Authority (EBA) published today its IFRS 9 roadmap providing a comprehensive overview of planned monitoring activities on IFRS 9 implementation. The EBA also launched an IFRS 9 benchmarking exercise on a sample of institutions aimed at analysing the different modelling practices followed by institutions and how IFRS 9 implementation impacts the [...]
Members from the BRSANALYTICS team recently attended and completed a 6-month course on Level 6 Financial Risk Management in Banks (FRMB), obtaining certifications with Distinction from the London Institute of Banking and Finance. Designed for managers or those moving into more senior roles within the banking and financial services industry, this latest achievement shows [...]