Background
The Risk and Regulation Monthly provides a summary of the key International, European and UK regulatory developments and pertinent regulatory activity affecting the Financial Services industry.
July was a bumper month for regulation, with a flurry of significant publications and announcements before the holidays began. The UK Government responded to the Parliamentary Commission on Banking Standards (PCBS), the Financial Stability Board (FSB) was busy on several fronts, with a consultation on Risk Appetite Frameworks and finalised guidance for developing resolution strategies, while the Basel Committee on Banking Supervision (BCBS) explored complexity in the capital framework, and the FSB and International Association of Insurance Supervisors (IAIS) designated the first batch of global systemically important insurers.
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Risk and Regulation Monthly - July 2013 (PDF)
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