Blog
Unallocated Total Loss Absorbing Capacity (TLAC) Assets
In the evolving global financial regulatory landscape, GSIBs' management of unallocated Total Loss-Absorbing Capacity (uTLAC) is gaining prominence. As regulators emphasize transparency and cross-border cooperation, GSIBs need proactive engagement, robust tracking, and effective capital strategies.
ESG Governance in RIsk Management
In the evolving financial landscape, SMEs and Insurance companies must integrate ESG considerations into their strategies. Rising insurance premiums due to ESG risks underline the need for this shift. Ignoring ESG can lead to higher premiums or coverage denial.
AI Risk Management: EU Standards
The EU's proposed AI Act and Digital Services Act could significantly reshape AI use in financial institutions. These firms need proactive compliance strategies, robust AI governance, and enhanced risk management to navigate these regulatory changes over the next 2-3 years.
FRC Corporate Reporting Requirements
FRC hosts webinars on UK Corporate Governance Code review and new reporting requirements. Topics include internal control, sustainability reporting, and SI details like Resilience Statement. Stakeholder engagement emphasized with roundtables in September.
Risk Data Aggregation and Reporting
ECB seeks public input on its Guide for risk data aggregation & reporting to strengthen banks' risk management. It emphasizes timely improvements in risk data frameworks & governance to address structural deficiencies. Industry best practices shared to foster a robust financial system.
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