Moody's Analytics Insights
U.S. recessions are ultimately a loss of faith: Consumers lose faith that they will have a job and pull back on their spending, and businesses lose faith that there will be demand for the good or service they produce, and they lay off workers.
Moody's Analytics: Stronger ESG Risk Mitigation Practices Linked to Better Shareholder Returns
The European Banking Authority (EBA) published four draft principles to support supervisory efforts in assessing the representativeness of COVID-19-impacted data for banks using the internal ratings based (IRB) credit risk models.
The European Council and the European Parliament (EP) reached a provisional political agreement on the Corporate Sustainability Reporting Directive (CSRD).
The Prudential Regulation Authority (PRA) launched a consultation (CP6/22) that sets out proposal for a new Supervisory Statement on expectations for management of model risk by banks.
The European Commission (EC) published the Delegated Regulation 2022/954, which amends regulatory technical standards on specification of the calculation of specific and general credit risk adjustments.
These are the key findings of two new research studies released that show that ESG risk management policies and actions, and the ESG scores that measure them, contain financially relevant information for investors.
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The Bank for International Settlements (BIS) Innovation Hub updated its work program, announcing a set of projects across various centers.
The European Insurance and Occupational Pensions Authority (EIOPA) published two consultation papers—one on the supervisory statement on exclusions related to systemic events and the other on the supervisory statement on the management of non-affirmative cyber exposures.
There is a lot to unpack from the June meeting of the Federal Open Market Committee, including the largest rate hike since 1994, a significant shift in the so-called dot plot, changes to the post-meeting statement, and new economic projections.
Certain members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs issued a letter to the Securities and Exchange Commission (SEC)
The European Insurance and Occupational Pensions Authority (EIOPA) published a consultation paper on the advice on the review of the securitization prudential framework in Solvency II.
The Bank for International Settlements (BIS) published bulletins on lending in decentralized finance (DeFi) system, on blockchain scalability and fragmentation of crypto, and on extractable value and market manipulation in crypto and decentralized finance.
The Prudential Regulation Authority (PRA) issued a statement on PRA buffer adjustment while the Bank of England (BoE) published a notice on the statistical reporting requirements for banks.
The Basel Committee on Banking Supervision (BCBS) issued principles for the effective management and supervision of climate-related financial risks.
The European Commission (EC) published text for the regulation that sets out regulatory technical standards specifying the criteria for assessing the modelability of risk factors under the internal model approach
The European Banking Authority (EBA) revised the list of validation rules for its reporting framework. The revised list highlights rules that have been deactivated either for incorrectness or for triggering information technology problems.
The Federal Financial Supervisory Authority of Germany (BaFin) proposed to amend the “Capital Investment Conduct And Organization Ordinance” and issued a draft circular on the minimum resolvability requirements for resolution planning.
The Office of the Comptroller of the Currency (OCC) published testimony of Kevin Greenfield, the Deputy Comptroller for Operational Risk Policy, on artificial intelligence.
The U.S. Government Accountability Office (GAO) published a report that outlines three priority open recommendations for the Board of Governors of the Federal Reserve System (FED), as of May 2022.
The Single Resolution Board (SRB) updated policy on the minimum requirements for own funds and eligible liabilities (MREL)
The Bank of England (BoE) published its first assessment of the eight major UK banks' preparations for resolution under the Resolvability Assessment Framework (RAF).
The Central Bank of Denmark (Danmarks Nationalbank) published a report on financial stability analysis for the first half of 2022. The central bank also published its response to the European Commission (EC) consultation on the evaluation of State aid rules for failing banks.
The pain U.S. consumers are feeling at the pump will get worse before it gets better.
The European Council adopted its position, or the general approach, on revision of the Consumer Credit Directive. The revised Directive will repeal and replace the 2008 Directive on consumer credit agreements.
The Office of the Superintendent of Financial Institutions (OSFI) published, in the form of a letter, its response to the feedback received on the draft Guideline B-13 on technology and cyber risk management.
The Monetary Authority of Singapore (MAS) revised the business continuity management guidelines while the Singapore government published the green bond framework
The Financial Stability Board (FSB) and the International Monetary Fund (IMF) published a report that marks completion of the second phase of the G20 Data Gaps Initiative (DGI-2).
