Banks and mutuals

Banks and mutuals guidance:

This Practice Note looks at the regulated activity of accepting deposits (often referred to as deposit taking). Accepting deposits is a key hallmark of banks, credit...

Practice Note

Administration procedures overview The three administration procedures covered by this Practice Note (bank administration, building society special administration and...

Practice Note

Background to the BRRD This Practice Note summarises the core provisions included in the Bank Recovery and Resolution Directive 2014/59/EU (BRRD). The BRRD proposed a...

Practice Note

Purpose and application of BRRD technical standards and guidelines The Bank Recovery and Resolutions Directive 2014/59/EU (BRRD) mandates the European Banking Authority...

Practice Note

The Financial Services (Banking Reform) Act 2013 (FS(BR)A 2013) received Royal Assent on 18 December 2013. . There are eight parts and ten schedules in FS(BR)A 2013....

Practice Note

The Financial Services (Banking Reform) Act 2013 (FS(BR)A 2013) received Royal Assent on 18 December 2013. There are eight parts and ten schedules in FS(BR)A 2013....

Practice Note

Rationale for bank ring-fencing transfer schemes (RFTS) Ring-fencing of day-to-day banking services (eg current accounts, savings and payments) and separation of retail...

Practice Note

The Basel Committee on Banking Supervision (BCBS), consisting of the central banks of governors of the so-called G10 countries (Belgium, Canada, France, Germany, Italy,...

Practice Note

This note provides a legislative history of Basel II which preceded the Basel III reforms. For further information regarding Basel III and CRR and CRD IV, please see CRD...

Practice Note

This Practice Notice details the background and legislative history in relation to the CRD IV package, the latest package of major reforms to EU legislation on prudential...

Practice Note

Introduction The financial crisis of 2007-2009 caused a spike in market volatility for which firms were ill-prepared. When the capital markets froze and the market value...

Practice Note

The implementation of Basel III in Europe saw the replacement of the Banking Consolidation Directive (BCD) and the Capital Adequacy Directive (CAD) (also known as the...

Practice Note

Background to CRDIV capital buffers Capital buffers originated as a key component of the Basel III capital reforms which were issued in June 2011 and implemented across...

Practice Note

Definition of Credit Valuation Adjustment After years of relative neglect, the concept of Credit Valuation Adjustment (CVA) is now at the forefront as an adjustment made...

Practice Note

The UK is due to leave the EU on Exit Day (as defined in the European Union (Withdrawal) Act 2018). This has an impact on this Practice Note. For further guidance on the...

Practice Note

Introduction and background The Basel II Accord recognised that operational risk is a major source of actual and potential exposure for banks and identified three...

Practice Note