New guidelines for banks’ resolution and recovery plans
  • Thursday, 25 November 2021

New guidelines for banks’ resolution and recovery plans

The Single Resolution Board (SRB) has published the operational guidance on separability for partial transfer tools. This follows the publication of the SRB’s Expectations for Banks document, which sets out the capabilities the SRB expects banks to demonstrate to show that they are resolvable. The operational guidance helps banks by providing more detail on how […]

Read More
EBA publishes final draft technical standards on the alternative standardized approach for market risk as part of its FRTB roadmap
  • Thursday, 25 November 2021

EBA publishes final draft technical standards on the alternative standardized approach for market risk as part of its FRTB roadmap

The EBA published its final draft Regulatory Technical Standards (RTS) on gross jump-to-default (JTD) amounts and on residual risk add-on (RRAO). The draft provides technical specifications for the implementation of these two elements of the alternative standardized approach for market risk. On gross JTD amounts, the EBA specifies key inputs needed for computing own funds […]

Read More
Both EBA and FINMA emphasize importance of benchmark rate transition risks
  • Thursday, 25 November 2021

Both EBA and FINMA emphasize importance of benchmark rate transition risks

The EBA published a thematic note on the transition risks of benchmark rates as LIBOR (the London Interbank Offered Rate) and EONIA (the Euro Overnight Index Average) – two major benchmark interest rates – are close to being phased out. More than 25% of EU/EEA banks’ derivatives exposures is still linked to LIBOR, amounting to […]

Read More
ECB outlines 2022 climate risk stress test methodology and other publications on climate-related financial risks
  • Thursday, 25 November 2021

ECB outlines 2022 climate risk stress test methodology and other publications on climate-related financial risks

Recently, regulatory authorities have issued several publications related to the measurement and stress testing of climate-related financial risks. The most anticipated publication is probably the European Central Bank’s 2022 climate risk stress test methodology. The methodology is defined using previous publications such as the ECB’s “Guide on climate-related and environmental risks”, the EBA publication “On […]

Read More
A better understanding of the challenges and opportunities of machine learning for IRB models
  • Thursday, 25 November 2021

A better understanding of the challenges and opportunities of machine learning for IRB models

On 11 November 2021, the EBA published a discussion paper on machine learning (ML) for internal ratings-based (IRB) models. With this discussion paper, the EBA aims at getting a better understanding of the challenges and opportunities of ML for regulatory capital models experienced by market participants. Until now, most regulatory capital models rely on the […]

Read More
European Commission finalizes Basel III implementation by adopting review of CRR and CRD
  • Thursday, 25 November 2021

European Commission finalizes Basel III implementation by adopting review of CRR and CRD

On 27 October 2021, the European Commission (EC) has taken the final step in implementing the Basel III reforms in EU legislation. It has adopted amendments to the Capital Requirements Regulation (CRR2) and the Capital Requirements Directive (CRD5). The new legislation is still subject to approval by the European Parliament and Council. Many parts of […]

Read More
New EBA discussion paper on machine learning
  • Monday, 22 November 2021

New EBA discussion paper on machine learning

On 11 November 2021, EBA published her ‘discussion paper on machine learning (ML) for internal ratings-based (IRB) models’. The aim of this discussion paper is to gain more insight in how market participants experience the challenges and opportunities of ML for regulatory capital models. Until now, most regulatory capital models rely on the same techniques […]

Read More
Adam Smith Awards Asia 2021: MODEC award-winning client
  • Tuesday, 2 November 2021

Adam Smith Awards Asia 2021: MODEC award-winning client

We are delighted to announce that our client, MODEC, has been chosen as winner in the Treasury Today Adam Smith Asia Awards 2021. MODEC has been highly commended for ‘Best Foreign Exchange Solution‘. Zanders was mandated by MODEC as its consulting partner for this award-winning project. The judges for the Adam Smith Awards 2021 have […]

Read More