The Prudential Regulation Authority (PRA) is consulting on proposals to update its approach to supervising liquidity and funding risk.   The exercise is aimed at: i) reflecting relevant updates to the Bank of England’s Market Operations Guide; and ii) reiterating relevant expectations set out in SS9/17 ‘Recovery Planning.’     The

The Bank of England (BoE) has published high level findings of financial sector cyber simulation exercise that took place in November 2018.   Commissioned by the Cross Market Operational Resilience Group, jointly chaired by BoE and UK Finance, the exercise explored the financial sector’s resilience to a major cyber incident

The European Banking Authority has launched a public consultation on its proposals for a simple, transparent and standardized (STS) framework for synthetic securitization.    The consultation paper examines the rationale of the STS synthetic product and assesses positive and negative implications of its possible creation and label as “STS.”  

The Central Bank of Ireland (Central Bank) has published rules on payment of commission to financial intermediaries.   The new rules, to be included in the Consumer Protection Code 2012 on payment of commission to financial intermediaries, aim to ensure transparency of commission arrangements between financial intermediaries (brokers and financial

BaFin and the Deutsche Bundesbank’s joint assessment of outsourcing to cloud service providers, the guidance applies to regulated entities including financial services institutions, credit institutions, insurance undertakings, payment institutions, and e-money institutions.   Its purpose is to foster awareness among supervised enterprises on best practices for dealing with cloud service