News Item

CPMI and IOSCO release guidance on cyber resilience for financial market infrastructures

On June 29th The Committee on Payments and Market Infrastructures (CPMOI) and the Board of the International Organisation of Securities Commissions (IOSCO) released a final report on ‘Guidance on cyber resilience for financial market infrastructures’. Both parties promote an enfacement of financial stability and security regulations for the wider financial economy. The Cyber Guidance is […]

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The Basel Committee issues revised standards for Interest Rate Risk in the Banking Book

Basel, News Item, Regulations / fiserconsulting

On April 21st 2016 The Basel Committee on Banking Supervision (BCBS) issued the final standards for Interest Rate Risk in the Banking Book (IRRBB). The revised standards consist of supervisory expectations for banks’ identification, measurement, monitoring and control of IRRBB as well as their supervision. The key enrichments to the 2004 Principles include: Broader instructions

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IMF: ‘The European banking sphere is at risk’

News Item / fiserconsulting

On April 13th, 2016 the International Monetary Fund (IMF) published a review about the failing banking system in the Global Financial Stability Report. According to the report, financial institutions in European countries are at risk if they remain utilising their current business models. Using these business models could result in a reduction of the global

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Constraints and proposed changes in the consultative document on reducing variation in credit risk-weighted assets when using the internal model approaches

News Item, Risk / fiserconsulting

The consultative document about reducing variation in credit risk-weighted assets and its constraints on the use of internal model approaches gives insight into the Committee’s proposed alternations. The changes are mainly focused on the advanced internal ratings-based approach and the foundation internal ratings-based approach. A number of proposed changes to this approach include complementary measures,

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Basel Committee issues proposed revisions to the operational risk capital framework

Basel, News Item, Regulations, Risk / fiserconsulting

On March 4th 2016, the Basel Committee on Banking Supervision (BCBS) specified the proposed alternations to the operational risk capital framework, also known as the new Standardised Approach (SMA). The SMA is part of BCBS’s consultation paper which has been issued in October 2014. The suggested alternations of the operational risk capital framework are aimed

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European Commission extends the application date for the MiFID II package by one year

MiFID, News Item, Regulations / fiserconsulting

On February 10th, 2016 the European Commission has proposed national competent authorities and market participants one additional year to comply with the rules set out in the revised Markets in Financial Instruments Directive (MiFID). The new deadline is January 3th 2018. MiFID was created in response to the financial crisis. The program provides harmonised regulation for

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ABN AMRO joins blockchain initiative Digital Assets Holdings

Blockchain, News Item, Technology / fiserconsulting

On January 21th 2016 Digital Asset Holdings, a developer of Distributed Ledger Technology for the financial services industry, announced that it has raised funding from a broad range of firms from all corners of the international financial ecosystem. ABN AMRO is one of those leading firms. See the Press release.

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Revised Market Risk Framework published

Basel, News Item, Regulations, Risk / fiserconsulting

The BIS has published on January 14th, 2016 the revised market risk framework, also referred to as Fundamental Review of the Trading Book (FRTB). The 2007-2008 period of severe market stress exposed weaknesses in the framework for capitalising risks from trading activities. In 2009, the Committee introduced a set of revisions to the Basel II market

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Nine of world’s biggest banks join to form blockchain partnership

Blockchain, News Item, Technology / fiserconsulting

Nine of the world’s leading banks announced on September 15th, 2015 the formation of a partnership to design and deliver advanced distributed/shared ledger technologies to global financial markets. The project – in addition to developing commercial applications – will seek to establish consistent standards and protocols for this emerging technology across the financial industry in order to facilitate broader

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ESMA consults on MIFID II standards regarding trading suspensions, data service providers and derivatives reporting