Cloud Computing continues its growth Software-as-a-Service (SaaS) has enjoyed increased popularity across all sectors in recent years, and shows no sign of slowing. Gartner predicts that global public cloud spending on SaaS will jump to $208,080 million in 2023, up 18% from the previous year. In the Banking sector the use of cloud providers, whilst initially treated with some scepticism,
A few weeks ago the PRA (Prudential Regulation Authority) announced a change to the capital rules for consultation (PRA CP 06/23). At present, non-performing exposures are deducted from Capital, subject to various factors and adjustments. The proposed change removes this rule entirely from Q4 this year. Non-performing exposures (NPE) no longer get their own line in the Capital+ and CA1
The Basel Committee on Banking Supervision (“BCBS”) issued on 16th December 22 its final standard on the Prudential treatment of crypto asset exposures, following two rounds of public consultation. The standard has been developed to provide a global baseline framework for banks’ crypto asset exposures that promotes responsible innovation while preserving financial stability. To determine the prudential classifications, crypto
Here at VERMEG, we’ve been delivering innovative software solutions for over 20 years, and we go out of our way to share our expertise with the rest of the industry. We host a regular podcast called FinTalk, where we share the latest news in FinTech and RegTech across banking, insurance, and finance. I recently had the pleasure of chatting to