Prudential regulators are focused on maintaining and reinforcing firms’ financial resilience, and on balancing emerging and ongoing risks with opportunities to promote competitiveness.
Pressure for banks and insurers is intense as complex frameworks are finalised and key implementation dates approach. Supervisory activity has ramped up, particularly in areas such as resolution preparedness/wind-down planning, governance and risk management. Prudential regimes for MiFID firms are now fully embedded. However, some further changes can be expected, including for wider non-bank firms not subject to MiFID-related requirements.
Stress testing remains a key supervisory tool in monitoring vulnerabilities and is evolving to keep pace with the changing world.
For our most recent thought leadership relating to financial resilience, and to access our Basel 4 and Solvency hubs and annual Risk and ICARA industry benchmarking survey, see below.
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