The European Banking Authority's (EBA's) Board of Supervisors approved last week a draft regulatory technical standard (RTS) on the definition of material risk takers (MRTs). The RTS includes a requirement that all employees whose total remuneration is greater than €500,000 should be deemed to be MRTs. Assuming that it is approved, the RTS will come into effect during 2014, ahead of the 2014/15 remuneration round.
Effective internal audit (IA) assurance is going to be crucial in maintaining board, investor and regulatory confidence in the capital numbers, but many IA teams have limited experience of the necessary front-to-back reviews. Focusing in particular on strengthening the risk-weighted asset (RWA) evaluations that are so critical to credibility of the figures, how can IA get up to speed?
The LCR aims to make sure that banks have access to enough readily available liquid assets to meet their obligations over a 30-day period in times of sudden stress
This is our May 2013 Financial Services monthly regulatory accounting and audit bulletin.
Capital Requirements Directive (CRD) IV has been approved. Understand the implications for banking and capital markets businesses.
The Financial Conduct Authority (FCA) is only just getting going, but it’s already clear that it intends to reach into new areas not touched by the Financial Services Authority (FSA). Building on our recent webcast on conduct, we share our thoughts on how you can stay ahead of the conduct agenda in this publication.
This survey questions 30 global asset managers to see how asset managers are dealing with tax risk.
Bookmark this page to keep up-to-date with the latest CBI/PwC Financial Services Survey
Meeting EMIR obligations in 2013 will be a challenge, but with proper preparation and learning from the past you can avoid common errors to deliver a robust and reliable EMIR programme.
This is our April 2013 Financial Services monthly regulatory accounting and audit bulletin.