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What is the Regulatory Financial Risk Framework in the EU?
The EU's financial risk framework is based on the CRD, CRR (implementing Basel III principles), and guided by the EBA. It also includes BRRD and SRMR for managing failing banks, ensuring overall financial stability, and mitigating systemic risks.
IFR/IFD compliance: how financial services can achieve it?
The 2019-introduced IFR/IFD sets new requirements for financial firms. Firms must identify compliance gaps, adjust governance and reporting, and create a thorough plan with staff training, tech upgrades, and ongoing checks to meet the 2023 deadline.
How Financial Services will be Compliant to BRRD Regulation?
In ensuring BRRD compliance, financial services must develop a crisis recovery plan, maintain requisite funds for recapitalization, and establish clear crisis governance. By adhering to these measures and regulatory updates, they promote financial system resilience.
What are the Compliance Requirements in the Solvency II Reform?
The Solvency 2 Directive ensures EU insurance and reinsurance companies protect policyholders. Its three pillars include quantitative (capital requirements), qualitative (governance, risk management), and reporting (transparency) aspects.
Which are the financial regulations for compliance in EU?
The EU's crucial financial regulations for compliance are MiFID II and GDPR. MiFID II ensures transparency and protects investors in banking and securities. GDPR safeguards personal data. AMLD combats money laundering, while BRRD resolves failing banks.
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