BANKING ECB amending Decision on SSM supervisory data reported to NCAs published in OJ
The Official Journal of the EU has published Decision 2017/1493 of the European Central Bank which amends Decision 2014/477/EU on the provision to the ECB supervisory data reported to the national competent authorities (NCAs) by supervised entities pursuant to Commission Implementing Regulation 680/2014. The new decision relates to the reporting requirements that apply to credit institutions under the Capital Requirements Regulation (Regulation 575/2013) and Commission Implementing Regulation 680/2014, which contains implementing technical standards (ITS) relating to supervisory reporting of institutions.
Official Journal of the EU, 22 August 2017
Findings from PRA's 2017 assessment of category 4 and 5 credit unions
The PRA has published letters it has sent to the directors of category 4 and 5 credit unions which sets out the findings from its 2017 annual assessment. There were different letters depending on the total assets of the union.
- Letter for category 5 credit unions with total assets of more than £15 million but less than £40 million.
- Letter for category 5 credit unions with total assets of less than £15 million.
- Letter for category 5 credit unions with total assets of less than £15 million, whose assets have grown by more than 30%, or whose members have grown by more than 50%, or both, in the last financial year.
- Letter for category 4 credit unions, which includes all unions with assets above £40 million.
PRA, 22 August 2017
Lloyd’s Market Association working group to examine banking regulation
A press release from Lloyd's Market Association has announced a political risk working group has been set up to examine regulatory issues affecting banking clients, which will be co-led by the head of global financial risks at Liberty Specialty Markets, Peter Sprent, and the global practice leader for political lines at Talbot Underwriting, James Bamford. Lloyd's Market Association, 21 August 2017