Day: 31 October 2016

Money Laundering Regulator to reach out to the FinTech / RegTech communities

As part of its plenary meeting earlier this months, the Financial Action Task Force (FATF) declared it would reach out to the FinTech / RegTech communities. FATF acknowledged that Technology-based innovations are rapidly changing the financial industry, introducing efficiencies and providing alternatives for traditional financial products.  Consequently, it is important for the FATF to engage with the FinTech/RegTech …

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EBA recommends a measure based on total liabilities as the target level of resolution financing arrangements

The European Banking Authority (EBA) published today its final report on the reference point for the target level of national resolution financing arrangements. In the report, the EBA recommends changing the basis from covered deposits to a total liabilities-based measure and, in particular, total liabilities (excluding own funds) less covered deposits. The proposed methodology would …

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