China Suspends Capital Adequacy Rules Indefinitely
Reuters reports that China will put new capital adequacy rules on hold, citing concerns about the impact on economic growth.
Originally Published:
Wednesday, December 14, 2011
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Financial Services Authority Report on the Failure of the Royal Bank of Scotland
The Financial Services Authority has published its Board’s Report on “The Failure of the Royal Bank of Scotland” which describes the errors of judgement and execution made by Royal Bank of Scotland executive management which resulted in its failure.
Originally Published:
Monday, December 12, 2011
Evidence to the Treasury Select Committee on the Report by the Financial Services Authority into the Failure of the Royal Bank of Scotland
The House of Commons’ Treasury Select Committee has published a memorandum of advice by Bill Knight and Sir David Walker, as specialist advisers to the Treasury Select Committee, on the Financial Services Authority's report on the Failure of the Royal Bank of Scotland.
Originally Published:
Monday, December 12, 2011
European Banking Authority Recommendation on Banks’ Recapitalisation Needs
The European Banking Authority has published a Recommendation, relating to banks’ recapitalization needs as part of a broader European package agreed by the European Council in October 2011 to address the current situation in the EU by restoring stability and confidence in financial markets.
Originally Published:
Thursday, December 8, 2011
ASIC Commences Second Phase of Review of Financial Advice Industry Practice
In stage two of the Australian Securities and Investments Commission's review of the financial advice industry, ASIC intends to provide a questionnaire to 30 of the largest financial service licensees that will include specific questions on licensee business models, training of representatives,
Originally Published:
Wednesday, December 7, 2011
European Commission Proposal for a Regulation on European Venture Capital Funds
The European Commission has now published a legislative proposal in the form of a draft Regulation which is intended to make life easier for venture capitalists to raise funds across Europe for the benefit of start-ups.
Originally Published:
Wednesday, December 7, 2011
European Securities and Markets Authority Warns Retail Investors of Dangers of Trading in FOREX Products
The European Securities and Markets Authority has issued a warning alerting retail investors to the main risks involved in forex trading. It also warns investors against dealing with unauthorised firms offering forex investments.
Originally Published:
Monday, December 5, 2011
Central Bank of Ireland Launches Risk Based Supervision Framework
The Central Bank of Ireland has launched a new risk-based supervision framework, PRISM (Probability Risk and Impact SysteM) over regulated firms.
Originally Published:
Thursday, December 1, 2011
Hong Kong Exchanges and Clearing Limited Issues Consultation Paper on Environmental, Social and Governance Reporting Guide
Hong Kong Exchanges and Clearing Limited has released a consultation paper on a proposed Environmental, Social and Governance Reporting Guide.
Originally Published:
Thursday, December 1, 2011
European Banking Authority Issues Draft Guidelines on the Incremental Default in Migration Risk Charge
The paper provides guidance on the incremental risk capital charge modelling approaches employed by credit institutions using the Internal Model Approach for the calculation of the required capital for specific interest risk in the trading book.
Originally Published:
Wednesday, November 30, 2011