Prudential Regulation Authority (PRA)
UK regulator warns insurers over poor asset valuation controls
Failures observed in valuation governance, documentation and models
Bank of England still undecided over stress test scenarios
Fixed scenarios "could be procyclical"
PRA protects clearing from leverage ratio hammer-blow
Banks say leverage exposure "could be halved" after PRA acts to safeguard business
Sants quits Barclays after just 10 months in compliance role
Ex-regulator and head of compliance quits UK bank citing stress
PRA U-turn on reporting in Solvency II guidelines implementation
Proportionality concerns remain as narrative reporting to be included in UK preparatory phase
Yellen nominated for Federal Reserve chair, and other recent job moves
Changing hats – November 2013
BAML loses co-head of fixed income
BAML fixed-income co-head departs after 18 years
Conditional approval of Solvency II internal models should be allowed, urges PRA official
Insurers' efforts to develop internal models should be recognised by supervisors
PRA losing key op risk staff after just six months
Senior op risk staff set to move into private sector
Barclays leverage explosion baffles experts
Regulatory specialists unable to explain jump in leverage exposure at UK bank - the incoming ratio lacks clarity, say critics
Early-warning indicators needed to address failings in Solvency II - PRA chief
Effective and prudent solution needed on Solvency II matching adjustment, says Bailey
The CVA helter skelter: European supervisors could quash exemptions
Europe’s credit valuation adjustment exemption was the outcome of a protracted legislative debate, but it may prove to be the end of a chapter, rather than the end of the story. As US banks protest and supervisors review the issue, a number of problems…
Bank supervision gets personal as UK focuses on accountability
Regulators and politicians in the UK want bankers to be more accountable for mistakes made by themselves and their teams. But while supervisors are trying to expand the existing sanctions regime, politicians are seeking a more radical overhaul. Lukas…
PRA reserves right to review internal models after Icas+ approval
Entry requirments for transitional regime will be high, says PRA official
Changing hats – July 2013
Changing hats – July 2013
UK regulators plan to "hold individuals to account"
The FCA and PRA are toughening up their approved persons regime for senior execs, risk managers and traders
OpRisk Europe: Regulators urge caution over simplifying op risk models
Banks should not abandon complex risk models just because they failed during the financial crisis, conference hears
Fears volatile model warning indicators could lead to unjustified action
UK regulator urged to reconsider proposed early-warning indicators to reflect better changes in economic conditions and not penalise insurers’ de-risking strategies
Eiopa developing early-warning indicators to monitor internal models
Indicators needed to identify situations where a firm's model no longer meets Solvency II calibrations, saya Eiopa
UK annuity providers review credit risk strategies
Balancing act
UK regulator right to retain flexibility to force changes on internal models
Head of the PRA plans to use early warning indicators in supervisory work, notwithstanding the risk of EU challenge
Prosecutions of senior executives ‘unlikely’ after crisis
Managers could argue they faced difficult market conditions, industry expert says