Targeted Review of Internal Models (TRIM) Results

On April 19th, 2021, ECB published the results of the Targeted Review of Internal Models (TRIM), summarising findings and follow-ups of this multi-year project. The TRIM review covered internal models for credit, market, and counterparty credit risk. Given that there are many internal models operating in banks, ECB focused on those significantly material and critical [...]

Targeted Review of Internal Models (TRIM) Results2021-05-17T15:26:36+00:00

FiSer Project Win!

Based on previous successes for our clients, FiSer Consulting has been asked to perform a project assessment and rescue for a global delivery programme where migration to new MX standard (ISO20022) needs to be achieved within the payments and treasury domain. This assignment is exactly in the sweet spot for FiSer and we are thrilled [...]

FiSer Project Win!2021-03-26T13:57:42+00:00

EU proposes first set of rules for crypto assets

The European Union has taken a major step forward in its bid to regulate the crypto assets world after its executive branch issued its most extensive proposals to date for supervising the growing sector. The measures suggested within the EU's digital finance strategy include cryptocurrencies not presently included in general regulation as well as a [...]

EU proposes first set of rules for crypto assets2020-09-29T11:14:42+00:00

Governors and Heads of Supervision announce deferral of Basel III implementation to increase operational capacity of banks and supervisors to respond to Covid-19

The Basel Committee's oversight body, the Group of Central Bank Governors and Heads of Supervision (GHOS), has endorsed a set of measures to provide additional operational capacity for banks and supervisors to respond to the immediate financial stability priorities resulting from the impact of the coronavirus disease (Covid-19) on the global banking system. The measures [...]

Governors and Heads of Supervision announce deferral of Basel III implementation to increase operational capacity of banks and supervisors to respond to Covid-192020-09-29T06:34:14+00:00

The Basel Committee releases Basel IV Regulatory Reforms

On 7 December 2017, the Basel Committee of Banking Supervisors (BCBS) issued the last elements of the Basel III (also referred to as Basel IV) guidelines on bank capital reforms. The revision aims to restore credibility in the calculation of risk-weighted assets (RWAs) and to improve the comparability of capital ratios. As stated before by [...]

The Basel Committee releases Basel IV Regulatory Reforms2017-12-08T13:38:06+00:00

Fraud reporting under PSD2

The implementation of PSD2 will enable Third Party Payment Providers in executing payments on behalf of their customers, thus heightening the risk of fraudulent transactions. This is the main reason why the European Banking Authority (EBA) has developed Guidelines in cooperation with the European Central Bank (ECB) to ensure implementation of high-level fraud reporting requirements [...]

Fraud reporting under PSD22017-12-04T12:33:07+00:00

EBA sets due date for PSD2 implementation and security measures standards

PSD2 will become effective as of January 13th 2018, which does not apply to the security measures as outlined in the RTS. The use of the measures will become mandatory 18 months after publication of the RTS in the Official Journal of the European Union, which is scheduled for September 2019. The RTS has made [...]

EBA sets due date for PSD2 implementation and security measures standards2017-11-30T08:48:40+00:00

New RTS on Home Host cooperation under PSD2

On 27 October 2017, The European Banking Authority (EBA) launched a public consultation on draft regulatory technical standards (RTS) specifying the framework for cooperation and the exchange of information between competent authorities under the revised Payment Services Directive (PSD2). The RTS also clarify the type of information as well as the templates to be used [...]

New RTS on Home Host cooperation under PSD22017-11-02T14:33:08+00:00

Our view on preparing for GDPR on Consultancy.uk

Consultancy.uk, the leading online platform for the consulting industry in the UK, has published an article on the GDPR regulation where Paul Nielsen, our Senior Consultant, shares his opinion on the adoption and the involved trade offs. The article can be found here.

Our view on preparing for GDPR on Consultancy.uk2017-11-02T09:52:42+00:00

Basel IV: The Evolution

The Basel Committee on Banking Supervision is revising methodologies for the determination of capital requirements. While rules introduced by Basel III increased the amount of capital that banks must hold, recent developments proved that even stricter rules should be applied. This is where the Basel IV framework was introduced. In 'The evolution of Basel IV: [...]

Basel IV: The Evolution2017-07-14T10:13:17+00:00