Risk USA: Sifi rules would be a failure if banks don't downsize

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Risk.net Regulation News Update 3 November 2011 This Week's Top Story Risk USA: Sifi rules would be a failure if banks don't downsize Some banks want to be on the list of global Sifis – exactly the opposite to what the rules are intended to achieve, says former chairman of the Basel Committee standards implementation group Categories: Regulation Topics: Basel III, Global systemically important financial institutions (G-sifi), Systemically important financial institutions (Sifi), Basel Committee on Banking Supervision (BCBS), Volcker Rule ... Mobile RSS Basel training course London: 16 – 17 February 2011 New York: 23 – 24 February 2012 This two day seminar offers a complete overview of these significant and challenging alterations to the trading book. More of this week's news ABI plans Solvency II impact study to highlight undesirable outcomes Qualitative study will aid lobbying efforts in Europe, says trade association CVA desks to keep buying sovereign CDSs – even if they never pay out Even if CDS contracts are not triggered in Greek restructuring, Basel III's CVA charge ensures the market will live on - but episode raises fresh questions about design of capital framework, dealers... Risk USA: Regulators need to be wary of capital overshoot, says Roldán Adding to Basel III capital levels might have unintended consequences, says former chair of Basel Committee's standards implementation group Risk USA: Tarp compensation restrictions are a "sideshow", says Feinberg Former Tarp special master doubts limits will change compensation behaviour Bermuda faces challenges to Solvency II equivalence Bermudan, Japanese and Swiss supervisory systems face European scrutiny Allianz CRO: industry and regulators 'in denial' over solvency levels Insurers' heads are in the sand regarding the impact of current market turmoil on their Solvency II-consistent balance sheets, says Tom Wilson Eiopa seeks funding for internal model experts to assist national supervisors Eiopa aims to help regulators struggling to understand internal models Market volatility 'biggest concern' for financial firms, finds survey Regulatory risk and political meddling also big concerns, says Norton Rose research Pressure mounts for 2013 opt-in on Solvency II models It looks increasingly likely that the full implementation of Solvency II will be delayed until 2014, but questions remain as to what is expected of firms in 2013 Eiopa to publish Pillar 3 and Orsa consultations as FSA warns of reporting ignorance Papers will provide welcome guidance on regulatory reporting and the own risk and solvency assessment US SEC slams Finra for altering documents Finra must improve after misleading regulator, order says CFTC analysis of Dodd-Frank costs 'non-existent', says Sommers Costs and benefits of proposals were not properly studied, according to CFTC commissioner Jill Sommers - a failing that could expose its rules to legal challenges, lawyers warn Small banks need 'clear exit path' out of Tarp Sigtarp has called on the US Treasury to aid smaller banks in exiting Tarp German insurance association to conduct own Solvency II 'QIS 6' in 2012 Test will help implementation and aid association's lobbying effort; other trade associations may follow suit Related news this week from other categories Risk USA: US regulators "scared to death" by eurozone debt crisis The sovereign debt crisis is a concern, but direct US bank exposure is manageable, says senior OCC official Risk USA: European banks need to change or suffer consequences European banks need to reduce mismatches between their risk appetite and the risk appetite of investors, says Deutsche Bank chief credit officer Financial industry 'complacent about pandemic threat' The financial industry must give more consideration to pandemic risk, says Zurich CRO   Related publications: Risk magazine, Operational Risk & Regulation, Life & Pension Risk, Central Banking Related categories: Risk Management, Investment

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