The Prudential Regulation Authority (PRA) has published its updated supervisory statement on supervision of international banks.   The statement outlines the PRA’s expectations for liquidity reporting by PRA-regulated UK branches of third-country, and non-EU European Economic Area, credit institutions and designated investment firms.   Initially published in February 2017, the

The Climate Financial Risk Forum has published a guide to help firms address climate-related financial risks.    The guide provides recommendations on disclosure of climate-related financial risks; effective risk management; scenario analysis, and opportunities for innovation in the interest of consumers.   Established in March 2019, the forum’s aim is

The European Central Bank (ECB) has issued a consultation on its draft Guide on Climate-related and Environmental Risks (Guide).   Current prudential rules require European banks to identify, manage, and disclose all material risks to which they are exposed.  In this regard, the Guide explains how the ECB expects banks

The Central Bank of Norway (Norges Bank) and the Financial Supervisory Authority of Norway (Finanstilsynet) have announced plans to develop a framework to test the cyber resilience of Norwegian banks (Framework).    The Framework, according to Norges Bank and Finanstilsynet, will build on the TIBER-EU framework designed by the European

The European Banking Authority has published its proposal for developing a simple, transparent and standardized (STS) framework for synthetic securitization.    The proposal, which is limited to balance-sheet securitization, includes a list of criteria to be considered when labeling synthetic securitization as STS.  Among the regulator’s proposed criteria are requirements