Blog
IFRS 9: Overlays, Model Improvements, and Governance for Novel Risks
IFRS 9 requires banks to include forward-looking data in expected credit loss calculations, posing challenges with risks like COVID-19, geopolitical instability, high interest rates, inflation, and climate change. Overlays and strong governance are vital for managing these risks effectively.
SFDR Regulation: Q&A and Compliance Requirements
The Sustainable Finance Disclosure Regulation (SFDR), Regulation (EU) 2019/2088, enhances transparency in financial markets by mandating disclosures on sustainability risks and impacts.
DORA Regulation: ICT Service Subcontracting in Finance
On July 26, 2024, the European Supervisory Authorities (ESAs) published the Final Report on the draft Regulatory Technical Standards (RTS), as mandated by Article 30(5) of DORA.
Capital Requirements Regulation 3 (CRR III) for Market Risk Requirements
On July 24, 2024, the European Commission adopted a Delegated Regulation amending the Capital Requirements Regulation (CRR) regarding the application date of market risk requirements. This amendment, effective January 1, 2026, gives financial institutions more time to adapt to new standards.
Solvency II Directive: Sustainability Risk Plans
The Solvency II Directive's 2022 update integrates sustainability risks, aligning with the EU Green Deal. Enhancements include mandatory sustainability risk plans and the proportionality principle to ease the burden on smaller firms.
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