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Capital requirements Regulations(CRD6/CRR3): Banking Package
The EU Banking Package, a pivotal part of recent European bank prudential law, modifies the Capital Requirements Directive and Regulation (CRD6/CRR3). Aimed at enforcing Basel 3.1 reforms in EU jurisdiction, it seeks to bolster regulation, supervision, and risk management in the banking sector.
SA-CCR: How it Affects Counterparty Credit Risk?
The Standardised Approach for Counterparty Credit Risk (SA-CCR) is a method used for calculating credit risk in OTC derivatives, exchange-traded derivatives, and long settlement transactions. Developed by BCBS, it addresses previous method flaws, providing a risk-sensitive measure.
DORA Regulation: How it will affect third-party management?
The Digital Operational Resilience Act (DORA) introduces new measures for financial firms to address third-party risks. DORA emphasizes risk management procedures and due diligence on third-party providers. Firms must monitor their activities and conduct regular assessments of their own resilience.
GRC software: How financial performance can be improved?
GRC initiatives are no longer just about managing risks but are key drivers of organizational growth. Shifting the perception of GRC from a burden to an opportunity enables organisations to leverage risks for strategic decision-making.
Financial Crime Compliance: how to achieve it?
Financial crime compliance utilizes strategies to curb illicit finances. Key tactics include strict customer identification, transaction monitoring, risk assessment, and employing AI for fraud detection. Continual employee education and robust reporting systems are also crucial.
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