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FS Regulatory Insights March 2018

FS Regulatory Insights April 2018

FS Regulatory Insights April 2018

Welcome to your April Monthly Update. In addition to our analysis of key consultations and papers coming from European regulators, this month I’d like to draw your attention to some fantastic publications providing new insight into the current and future global regulatory landscape.

April has been a quieter month than March as regards new legislative proposals, but we have seen some key updates from the regulators. Last week, we heard from top policy makers and business leaders at Eurofi's high-level seminar, where Michel Barnier shared his latest views and thinking. You can read his speech here.

We also look at the implications of the long-awaited Basel Committee consultation paper on Revisions to the Minimum Capital Requirements for Market Risk, with proposals to revise some elements of the January 2016 market risk framework.

I would highlight here KPMG’s series of papers on Basel 4, published in conjunction with the ECB Centre of Excellence. We have just published a paper on the Standardised Approach to credit risk, to add to the earlier papers on Operational Risk; Market Risk; and CVA Risk. These can be found on KPMG’s Basel 4 page. A paper on the Internal Ratings Based Approach to credit risk will follow shortly.

Shifting the debate from a pure regulatory focus, we share the latest thinking from KPMG on Brexit for financial services. The article looks at a possible ripple effect of Brexit from financial services on to other industries, and how the balance of power in Europe will likely shift away from London to other financial centres.

Our other big news is the publication of Regulation 2030 – what lies ahead? This new flagship publication examines how financial regulation might develop over the next ten years. The paper is getting a fantastic response from the industry, and we encourage you to read it and join the debate.

And last but by no means least, is a new report in collaboration with our colleagues in the ECB Office, which highlights the impact of the EBA’s Guidelines on non-performing and forborne exposures.

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