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New proposals regarding the rights of pension savings movement

By exercising the rights of moving pension savings, consumers can benefit in a better overview of their pension savings. Unfortunately, movement of pension savings are often subject to high fees and taxation which makes it less attractive. To change this, the Swedish Ministry of Finance has presented a series of law amending propositions to improve for consumers to exercise their rights to move pension savings.

SCR Solvency II


The Modelling of Macroprudential Policies

The usage of macroprudential policies has become an important tool in the development of financial regulations and the mitigation of procyclicality of the financial system. Although the usage of macroprudential tools is considered a positive development, the principles behind its strategies is still being explored.

Regulations



Differences in the Implementation of the Countercyclical Capital Buffer policy

The countercyclical capital buffer (CCyB) – a part of Basel III – has the purpose of ensuring that banking capital requirements consider the macro-financial environment, giving protection during periods of excess aggregate credit growth. In a recent document from the Basel Committee on Banking Supervision, the committee points out that even though the CCyB policy contains some key requirements, jurisdictions have had and still have a significant flexibility in designing their national CCyB policy framework.

Basel Regulations


New capital requirements for Swedish occupational pension funds

As is known, the European Commission excluded new capital requirements within the new regulation IORP II. However, Sweden’s financial supervisory authority, Finansinspektionen (FI), have been imposed to leave a suggestion regarding national capital requirements for occupational pension funds – beyond the mandatory requirements of IORP II.

Regulations


Banking Regulation, the Current and Future Situation

The Bank of International Settlements (BIS) has in a speech by Chairman Fernando Restoy at the CIRSF annual international conference in Lisbon addressed the present and future state of the regulation and supervision after the financial crisis of 2009. In this post we highlight the parts we found the most interesting.

Regulations


ESMA has published a Consultation Paper on the Money Market Funds Regulation, Part II

ESMA has published a Consultation Paper on the Money Market Funds Regulation (MMFR). The paper represents a first stage in the development of technical advice in regards to liquidity requirements and credit quality requirements for assets received through reverse repurchase agreements, technical advice on credit quality assessment, technical standards for reporting and guidelines on the stress tests performed within the MMFR framework.

Risk Regulations


ESMA has published a Consultation Paper on the Money Market Funds Regulation, Part I

ESMA has published a Consultation Paper on the Money Market Funds Regulation (MMFR). The paper represents a first stage in the development of technical advice in regards to liquidity requirements and credit quality requirements for assets received through reverse repurchase agreements, technical advice on credit quality assessment, technical standards for reporting and guidelines on the stress tests performed within the MMFR framework.

Risk Regulations



KIIDs SRRI and the Swedish mutual funds market

One of the key components of the KIID is the Synthetic Risk and Reward Indicator which is used in the process of identifying funds' risk and reward disclosure. Whilst its relationship to risk is trivial, its connection to return might not be as trivial. In order to study this relationship, we have analysed return data over 5 years from a large number of Swedish mutual funds with varying SRRI levels.

Regulations



FinTech and the Regulatory Road ahead

In a recent speech by the Managing Director of the Monetary Authority of Singapore (MAS), Mr Ravi Menon discusses, among other topics, his view on FinTech and the regulatory future the industry faces. Below we summarize some of the key points Mr Menon presented.

FinTech Regulations RegTech




One Year of Solvency II

With the first round of annual results and disclosure under Solvency II closing in, Bank of England's Executive Director of Insurance Supervision, David Rule, highlighted in a recent speech how Solvency II has affected the insurance industry one year on since its inception.

Solvency II SCR Risk









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