This whitepaper gives an overview of the security concerns about Software as a Service (SaaS) in the banking and financial services sector and highlights best practices for technology, business culture, governance, and compliance.
PRA is proposing (CP22/18) to delay termination of the existing "daily flows" and "enhanced mismatch" liquidity reports (FSA047 and FSA048) by six months.
Webinar by UK Finance and Moody's Analytics on how to achieve lean regulatory reporting and save money (webinar slides)
European Council adopted a new directive on combating money laundering by criminal law.
In this webinar, Moody's Analytics economists discuss Australia's macro and regional economic outlook and the impact on the housing market.
Free-falling share prices might soon drive the 10-year Treasury yield under 3%. The market value of U.S. common equity was recently 7.4% under its record high of August 29, 2018. In the event the equity market sinks 10% under its current zenith, the containment of inflation expectations supplies the Fed with more than enough leeway to temporarily halt its ongoing normalization of monetary policy. When monetary policy lacks precedent, flexibility is necessary. Never before has the Fed simultaneously firmed policy by both hiking fed funds and reducing its holdings of Treasury bonds and agency mortgage backed securities.
The five US Agencies approved final amendments to swap margin requirements. These amendments conform with the recent rule changes that impose new restrictions on certain qualified financial contracts of systemically important banking organizations (QFC Rules).
The report focuses on the primary risks in crypto-asset markets, transmission channels affecting financial stability, and regulatory actions that have been taken and are under active consideration by authorities in different FSB member jurisdictions.
OSFI issued the final version of the 2019 Life Insurance Capital Adequacy Test (LICAT) guideline for life insurers.
EC adopted the Implementing Act amending the implementing technical standards (EU Regulation No 680/2014) on supervisory reporting in EU.
BoE announced that it will publish results of the annual stress testing exercise for banks on December 05, 2018.
The dashboard summarizes the main risks and vulnerabilities in the EU banking sector using quantitative risk indicators.
The guideline, which was last issued in 2005, provides a risk control framework for managing interest rate risk to prudent level for banks, bank holding companies, federally regulated trust and loan companies, and cooperative retail associations.
The Notice establishes the minimum capital adequacy ratios for a reporting bank and the methodology a reporting bank shall use for calculating these ratios (Pillar 1).
EBA published answers to thirteen questions under the Single Rulebook question and answer (Q&A) updates for this week.
An emerging business requirement for North American insurers is the ability to project forward stochastic reserve and capital requirements under various planning scenarios to a specific future date. In this paper we consider applying proxy functions to this task, using function fitting techniques described in our previous research paper Fitting Proxy Functions for Conditional Tail Expectation: Comparison of Methods.
EBA published two reports, one of which measures the impact of implementing Basel III reforms and the other one examines the implementation of liquidity measures in EU.
For the first time, the report sets out the impact of the Basel III framework that was initially agreed in 2010 as well as the effects of the December 2017 finalization of the Basel III reforms by BCBS.
Share prices recently dropped in response to an unanticipated and possibly fundamentally overdone jump by Treasury bond yields. Nevertheless, the market value of U.S. common equity may need to drop by at least 5% from its current record high if a flight from risk is to prompt a flight to quality that is capable of lowering Treasury yields in a lasting manner. A convincing fundamental justification for the latest ascent by Treasury yields is elusive. U.S. consumer price inflation remains well contained. August 2018's PCE price index rose by merely 0.1% from July as its year-to-year increase dipped from July's 2.3 to 2.2%. More importantly, the core PCE price index, which excludes often volatile food and energy prices, was unchanged from the prior month, which left its yearly increase at 2.0% for fourth consecutive month.
ESMA updated question and answer (Q&A) documents on the application of Alternative Investment Fund Managers Directive (AIFMD) and on market structures and transparency issues under the Market in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).
ESMA updated the overview of guidelines published under its mandate, with information and links to the related documents.
Identifying At-Risk Firms in Your Private Firm Portfolio
CBE published the circular on the interest rate risk in the banking book (IRRBB) in Egypt.
The housing market in Canada seems to have stabilized. House price growth slowed between early last year and the middle of this year, though home sales and house price growth increased in July and August.
The potential actions, which would facilitate real-time interbank settlement of faster payments, build on collaborative work with the payment industry through the Federal Reserve System's Strategies for Improving the U.S. Payment System (SIPS) initiative.
US Agencies issued a joint statement on banks and credit unions sharing resources to improve efficiency and effectiveness of Bank Secrecy Act compliance.
FED published the updated reporting form FR Y-9C, along with the associated instructions and supplemental instructions. Description page was also updated. The reporting frequency of FR Y-9C is quarterly, as of the last calendar day of the quarter.
In this study, we address these shortcomings by utilizing data that track loan volume and performance to ascertain CECL's cyclical impact.
With the CECL guidelines on mean reversion open to multiple interpretations, our paper discusses some approaches institutions can take for reversion beyond the reasonable and supportable horizon.
This updated opinion provides the estimation of the market size of commodity derivatives and emission allowances for 2017.