Keep up to date with Lombard Risk here: regularly updated with news and Press Releases, details of coming Events and write ups from Past Events as well as regular commentary from our team of REG-Xperts in their BLOG. Regulatory-related questions may be sent to our REG-Xperts on REGinfo@lombardrisk.com. REGISTER HERE to receive FREE international regulatory information updates. For more information on any of these items please contact us on firstname.lastname@example.org. Enquiries from journalists to receive press releases and/or comment from our business matter experts on topical issues are welcome at email@example.com.
Compliance Risk The risk of financial or reputation loss due to failure to comply with key regulations governing the organisations business dealings and operations. Risk management The forecasting and assessment of financial risks together with the identification of procedures to avoid or minimalize their impact. Failure to do so can result in severe consequences for individuals and organisations. Integrated Audits Integrated audit is where by auditors in addition to an opinion on the financial statement, must also express an opinion …
Lombard Risk FINREP survival pack includes:
FINREP Reporting Dates – Blog
EBA Financial Reporting: FINREP (26th March 2014) PowerPoint presentation slides
XBRL-Checker – Validation and Visualisation
More information on FINREP
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FINREP Reporting Dates
Read in full and download a FREE copy of Lombard Risk business insight: CRD IV: COREP and FINREP reporting requirements summary update.
Lombard Risk online poll results from our recent online regulatory update on: Asset Encumbrance
These polls were carried out live during the 22nd in the series of our online regulatory update webinar entitled Asset Encumbrance. The online briefing took place on 28th August 2014 and was attended by business representatives from financial services institutions, mainly UK-based.
Download the presentation slides from the webinar by registering HERE >>
More information on Lombard Risk REPORTER for Asset Encumbrance is available HERE >>>
European Banking Authority (EBA) publishes new XBRL taxonomy for remittance of supervisory reporting as of 31 December 2014
The EBA recently published a new XBRL taxonomy for remittance of supervisory reporting as of 31 December 2014. The recent XBRL taxonomy update from the European Banking Authority (EBA) reiterates the reporting starting date for Asset Encumbrance and Funding Plans as 31 December 2014. The EBA final draft Implementing Technical Standards on Asset Encumbrance can be found online HERE >>> Lombard Risk Reg-Xperts will look at ASSET ENCUMBRANCE (28th August): Reporting templates and instructions with the ultimate aim of ensuring harmonised reporting of asset encumbrance across the organisation. More information and register online HERE …
Event summary and results of live online poll from recent webinar:
PRA foreign branches supervision approach
These polls were carried out live during the 21st in the series of our online regulatory update webinar entitled PRA foreign branches supervision approach. The online briefing took place on 31st July 2014 and was attended by business representatives from financial services institutions, mainly UK-based.
Download the presentation slides from the webinar by registering HERE >>>
Event summary and results of live online poll from recent webinar: European Banking Authority (EBA) regulatory reporting “What’s on the horizon?
These polls were carried out live during the 20th in the series of our online regulatory update webinars entitled EBA Regulatory Reporting – “What’s on the horizon?” The online briefing took place on 22nd July 2014 and was attended by business representatives from over 100 financial services institutions, mainly UK-based.
Download the presentation slides from the webinar by registering HERE >>>
PRA foreign branches supervision approach by Lombard Risk REG-Xperts
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Download a FREE copy of our Reg-Xperts business insight ‘ PRA Foreign Branches Supervision Approach’
Congratulations to our London team who completed the JP Morgan Corporate Challenge yesterday with proceeds benefiting Water Aid.
Lombard Risk London Runners:
Bartosz Jedrzejewski, Lan Ly, Mark Cope, Amarjit Pabila, Ben Lau, Pippa Trigg Samuel Welford-Smith, Deepak Angeswar, Pete Francis, Dipta Tapasvi, Tom Tipping, Jatin Lodhia, Cesar Tron-Lozai, Howard Leon, Obaid Dehlavi & Ousida Rengenchetty
EBA publishes new XBRL taxonomy for remittance of supervisory reporting as of 30 September 2014
The European Banking Authority (EBA) recently published an XBRL taxonomy to be used by competent authorities for remittance of data under the EBA Implementing Technical Standards (ITS) on supervisory reporting. It presents the data items, business concepts, relations, visualisations and validation rules described by the EBA Data Point Model (DPM) contained in the ITS on supervisory reporting, including the amendments relating to asset encumbrance, forbearance and non-performing exposures.
The taxonomy proposed by the EBA will lead to greater efficiency in and convergence of supervisory practices across Members States. The reference date is as of 30 September 2014 onwards and it includes the first reports under FINREP.
Read the EBA press release in full here…
EBA publishes guidelines on harmonised definitions and templates for funding plans of credit institutions
The European Banking Authority (EBA) recently published its final Guidelines on harmonised definitions and templates for funding plans of credit institutions. These Guidelines aim at harmonising reporting of funding plans across the EU. The EBA is introducing a set of templates that contain harmonised definitions of the data that institutions should report to their competent authorities and the latter to the EBA. The set of templates will also enable the EBA to coordinate the assessment of funding plans and their viability across the EU, …
As Lombard Risk welcomes it’s 1000th follower on LinkedIn we would like to thank everyone who has ‘liked’ ‘shared’ and ‘commented’ on our updates, we love to hear from you! The aim of our LinkedIn company page is to provide you, our followers, with the latest series of online webinars, business briefings, press releases and whitepapers in the regulatory compliance and collateral landscape. To make sure you’re one of the first to hear about our news, you can follow Lombard Risk on LinkedIn …
Lombard Risk was delighted to attend this year’s International derivatives Expo 2014 for the first time in our 25 year history, exhibiting collateral management clearing and optimisation solution, COLLINE.
Read the full story here!
Q&A from “Update to EBA reporting requirements – Impact and what to expect” online webinar 14th May 2014
Questions are submitted by the audience some of which are answered during the webinar, but others, particularly those that need some investigation by our team of REG-Xperts are covered HERE
Have a question for our REG-Xperts? Email them on REGinfo@lombardrisk.com
China must act cautiously in cutting leverage ratios in the corporate and government sectors, as any abrupt move could deal a blow to an economy that is already slowing, a senior central bank official said. China has seen a rapid build-up of debt in recent years, especially following an investment spree driven by a 4 trillion Yuan stimulus package in the wake of the 2008-09 global financial crisis. Concern about the huge growth in Chinese corporate debt since the global …
The agencies have adopted a final rule to strengthen the supplementary leverage ratio standards for the largest, most systemically significant U.S. banking organizations. The final rule applies to any bank holding company (BHC) with more than $700 billion in consolidated total assets or $10 trillion in assets under custody (covered BHC) and any insured depository institution (IDI) subsidiary of these covered BHCs (covered IDI) Concurrent with this final rule, the agencies have issued a proposal to revise the calculation of …
The OCC, the Federal Reserve and the FDIC are seeking comment on this NPR. The NPR would revise the calculation of total leverage exposure in a manner generally consistent with revisions to the international leverage ratio framework published by the BCBS in January 2014. The supplementary leverage ratio applies to all banking organizations subject to the agencies’ advanced approaches risk-based capital framework. The supplementary leverage ratio is the ratio of a banking organization’s tier 1 capital to its total leverage exposure, which …
Banks and non-bank firms are facing increasing regulatory reporting demands from the FCA.
Regulatory capital – proposed revisions to the risk-based capital definition of eligible guarantee for advanced approaches banks
The OCC, the Federal Reserve and the FDIC are seeking comment on a notice of proposed rulemaking (NPR) that would revise the advanced approaches risk-based capital rules by removing the requirement that only guarantees provided by certain counterparties are eligible for recognition as credit risk mitigates.Specifically, the NPR would modify the definition of “eligible guarantee” for purposes of the advanced approaches risk-based capital rules by removing the requirement that an eligible guarantee be provided by an “eligible guarantor” for all exposures other than securitization exposures. The …