The US Regulator has recently proposed changes which will impact firms required to report the 2052a and NSFR. Firms will need to consider the impact in areas such as data acquisition and regulatory calculations in advance of these changes coming into force and I’ll summarize both proposals and their impacts in this blog. FR 2052a Revisions The Board of
Protecting People’s Health and The Economy: Was it a trade-off? In response to the pandemic, some governments resorted to herd immunity to stave off the societal and ultimately economic impact that a more stringent reaction to COVID19 might bring. An assumption behind the varying approaches appeared to be that there was a choice between a rock and hard place: Close
Investment Firms Prudential Regime (IFPR) – What does it mean for UK Investment Firms? What is IFPR? The IFPR (Investment Firms Prudential Regime) is an initiative by the UK regulator to tailor capital requirements, consolidation, liquidity requirements among other areas, together with the associated regulatory reporting currently served by COREP, to a model that more appropriately reflects the activities of
The European Union has adopted new regulations for investment firms, the Investment Firm Regulation (IFR) and the new Investment Firm Directive (IFD). Also known as the Investment Firms Prudential Regulation (IFPR) in the UK. Over the coming weeks, VERMEG will be releasing a short series of blogs regarding IFR/IFPR key points that firms should consider. The first in this series
As we close on the end of what has been a monumental year, there has been no shortage of change in the bank regulatory space. There have been several recent regulation and accounting changes impacting key regulatory reports. Implementation of the Tailoring Rule and Stress Capital Buffer Rule, changes to Regulation D and Accounting Standard Updates issued by the Financial
They say all good things must come to an end eventually. After more than 10 years of sustained economic growth and steadily rising GDP across Europe and the rest of the world, that end has come in a dramatic way this year. To say I would have been shocked if anyone had of predicted that in 2020 we would see
Further to our announcement last week that we would be making the XBRL Checker service available free of charge during the COVID-19 crisis. VERMEG is now also offering a Cloud Based Regulatory Reporting service free of charge for firms that may need assistance with their reporting in the ongoing situation. AgileREPORTER Cloud will allow UK firms to create, validate and submit the