post image
Proposals for the next iteration of CRR/CRD and BRRD have been unveiled just as negotiations over Basel III revisions reach a critical stage and an unknown new administration arrives in the US. The EU moves augur well for ...

Take two

Regulation & ratings

post image
The European Banking Authority (EBA) offered relief to the Additional Tier 1 (AT1) market on 1 July when it announced that stress test-related Pillar 2 requirements need not be included in MDA calculations, thereby easing ...

Effective EBA Pillar 2 split offers AT1 relief

Regulation & ratings

post image
Although Solvency II is not triggering changes to Fitch’s ratings of insurers, it is a credit positive for the European industry, according to Harish Gohil, managing director, EMEA insurance, Fitch Ratings, who discusses ...

Tier 1 awaited after Solvency II arrival

Regulation & ratings

post image
A key contributing factor to the Additional Tier 1 market’s turbulent start to 2016 was a European Banking Authority (EBA) Opinion that would potentially tighten the rules on an issuer’s ability to pay AT1 coupons, ...

Commission review raises hopes after EBA bombshell

Regulation & ratings

post image
A proper understanding of the post-crisis supervisory process is an essential angle for assessing banks’ credit risk, argues Sam Theodore, group managing director, financial institutions, at Scope Ratings — even if the ...

The Road from Supervision to Resolution

Regulation & ratings

post image
Crédit Agricole CIB’s capital solutions team provides here an overview of the development of the global TLAC and EU MREL measures, exploring their differences and highlighting their potential impact on the Additional Tier ...

AT1 coupon cancellation risk: Consequences of MREL and TLAC breaches

Regulation & ratings

post image
FSB sets out G20 Istanbul agenda: The Financial Stability Board (FSB) published on 11 February its Letter to G20 Finance Ministers and Central Bank Governors on Financial Reforms. ...

Banking updates:

Regulation & ratings

post image
  ECB publishes “join-up” manual: The European Central Bank (ECB) on 8 August published a manual detailing how it will incorporate findings from its AQR (Asset Quality Review) into stress test projections, ...

Banking updates: Comprehensive Assessment moves ahead

Regulation & ratings

post image
EIOPA publishes update on Guidelines and Submission of Information to NCAs: On 18 August, the European Insurance & Occupational Pensions Authority (EIOPA) published updated information concerning the guidelines on ...

Insurance updates: ESAs Joint Committee, G-SIIs, PRA and more

Regulation & ratings