Welcome to the latest edition of Horizons from KPMG's EMA Financial Services Risk & Regulatory Insight Centre (RRIC).
In this issue, we feature the following articles:
- Supervision takes the lead: reviews of post-crisis regulation and new areas of rule-making remain priorities for policy-makers, but supervision and monitoring activities have moved into first place.
- Sustainable Finance: continuing regulatory focus: the European Commission has released new guidelines on how firms should report the impact of economic activities on the climate, as well as the impact of climate change on businesses.
- Insurance regulation – a watershed moment: the International Association of Insurance Supervisors (IAIS)’s new strategy shifts the emphasis from policy standards to supervision of an insurer’s “culture”. We explore the potential impact of this shift and how material it could be for firms.
- Resolution - disclosure and operational readiness: the FSB is taking steps to enhance the resolvability of globally systemically-important banks (GSIBs). We highlight the new disclosure requirements and implications for large banks.
- EBA finds significant capital shortfalls: the European Banking Authority (EBA)’s assessment of Basel 4 reveals significant capital shortfalls for large EU banks. As has been the pattern for EU banks since 2008, capital shortfalls imply the need for significant capital raising.
May 2019 (PDF 504 KB)
January 2019 (PDF 1.1MB)
October 2018 (PDF 705KB)