Mariusz Cholewa’s Post

April 11, 2024: 🍁OSFI announces the second phase of the Standardized Climate Scenario Exercise consultation. https://lnkd.in/d6BceM-M This exercise's three objectives will require portfolio AND climate-relevant internal and external data, an overlay of climate risk factors, advanced analytics, and capability enhancements across people, processes, technology, and data. If you are at a regulated financial institution in Canada covered by OSFI B15, contact us for an in-depth session on the expected end state, the challenges, and the roadmap and solutions to get there. #OSFI #climateresilience #SustainableFinance #ClimateStressTest #banking Canadian Lenders Association Canadian Bankers Association Canadian RegTech Association

🚀Great news!🚀 📣ACCIS launches European newsletter on credit market indicators. ☝️The only publication comparing data on the dynamics and quality of sales on the credit market from many countries. 🔎An essential tool for all participants in the lending ecosystem, driving progress and innovation in our sector. #ACCIS #BIK #CRA #FINANCIALCREDIBILITY #BI

What’s next for #CMDI and EU macroprudential policies?   On 26 November, ESBG held the 39th Prudential and Supervision Committee meeting in📍Brussels, bringing together members to discuss key developments in prudential regulation, resolution, and supervision.   We were pleased to welcome both Andrea Beltramello and Stella Kaltsouni of the European Commission to provide an overview of the latest developments respectively on CMDI & macroprudential framework. The meeting also focused on implementation of the recently approved #BankingPackage and on the EC securitization initiatives.   With constructive dialogue and shared insights, ESBG continues to advance a balanced and forward-looking regulatory approach for the banking sector. 📩 Ines Scacchi & Christophe Hennebelle

SAVE THE DATE: Next Wednesday, Chairman Gruenberg will address ‘Too Big to Fail’ and the orderly resolution of a failed global systemically important banking organization (GSIB). This event at the Peterson Institute of International Economics will focus on the FDIC’s latest work to resolve the failure of a GSIB in a manner that protects insured depositors, preserves value, promotes financial stability, and prevents taxpayer bailouts. https://lnkd.in/eQ7fhSe9

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🔍 Stay informed with our curated news   We regularly update on topics that matter to the banking sector. Our latest edition of the AFBS News offers crucial insights into:   🏦 Developments in Swiss banking regulations 🌍 Political and international implications for the financial industry 📈 Trends and innovations shaping the banking landscape Highlights include: ▪️Swiss Financial Intelligence Public Private Partnership to help strengthen combat of money laundering ▪️Dispatch to Parliament on mutual recognition agreement between UK and Switzerland ▪️FINMA Risk Monitor outlining areas of supervisory attention ▪️Sustainable finance and climate goals ▪️Federal Council report on cyberattacks and public-private cooperation ▪️SIX Post Trading Council on the introduction of ISO 20022 payment standards ▪️And much more … Take advantage of the AFBS News November 2024: https://lnkd.in/e7TxD3Vp   Follow us for expert insights and updates on the latest developments in banking and finance🇨🇭.   #BankingNews #AFBS #SwissBanking #FinanceUpdates

IFSCA Official allows remote trading by foreign stock broking firms directly on IFSC exchanges. No physical office/staff needed in GIFT IFSC. This will boost trading/liquidity on IFSC exchanges. Key features: (1) Entity needs to be member of any of the specified foreign stock exchanges (2) Resident of FATF compliant jurisdiction (3) Only proprietary trades allowed (client trades not allowed) (4) Only cash settled derivatives allowed (5) Indian resident entities do not qualify for this

💡 Curious about Non-Bank Financial Intermediation (#NBFI)? Join us for a thought-provoking online seminar examining the global dynamics of NBFI, its policy implications, and challenges to #FinancialStability. 🗓️ When: 12 December (14:00 - 15:00 CET) 👉 Register for free: https://lnkd.in/dASzJNZE Speakers: 🔹 Lee F. (Bank of England) - Findings from the System-Wide Exploratory Scenario (#SWES) exercise 🔹 Francois Haas (Banque de France) - Eurosystem’s take on the European Commission’s Targeted Consultation on the adequacy of macroprudential policies for NBFI 🔹 Sandra Lee (U.S. Department of the Treasury): Insights from the US Financial Stability Oversight Council's Annual Report Discussants: 🔸 John Wennstrom (Senior Policy Advisor, International Organization of Securities Commissions - IOSCO) 🔸 Thorsten Beck (Director, Florence School of Banking & Finance) 🔸 Sarah Hammer (Executive Director, The Wharton School) Chair: Emiliano TORNESE (European Commission – DG FISMA) --- What is NBFI? NBFI includes a diverse range of financial entities—both regulated (like asset management companies, investment funds, and insurance firms) and unregulated (such as family offices and supply chain finance companies). Since the global financial crisis, the rapid expansion of NBFI has brought new risks related to liquidity, leverage, and interconnectedness with traditional banks, raising crucial financial stability questions.

On 20 November European Forum of Deposit Insurers (EFDI) together with the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) hosted in Brussels are very relevant event on: The Role of Deposit Guarantee Schemes in Managing Banking Crisis The event was moderated by Monika Jones and began with some welcome remarks from our Chairman Stefan Tacke followed by a very lively and interesting debate on the Deposit Guarantee Schemes (DGS) role in managing banking crisis between Andrea Beltramello and Jan Tibor Böttcher. Discussions were followed by a panel where Stefan Tacke and Olav Scholten joined the debate and very insightful comments and opinions were shared by the speakers focused on the DGS and its involvement in this important proposal that will shape the future of the crisis management framework in the EU. The event concluded with EFDI Secretary General Carlos Colao making some closing remarks and publicly announcing the opening of the new EFDI office in Brussels located at Rue du Congress 35, 1000. Many thanks to the speakers and participants who joined us for this special event. In particular, we would like to thank Andrea Beltramello and the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) for co-hosting this event. Please find our video summary here #CMDI #DGS #Depositguarantee #depositorprotection

The UNCDF delivered a capacity building session yesterday for the ECCB in preparation for the development of a financial inclusion strategy in the Eastern Caribbean Currency Union (ECCU). Economists and private sector development experts from the Caribbean Development Bank also participated to learn about the issues and building blocks for enabling underserved individuals and #MSMEs to join the #digital_Economy in the region. Despite the technical intensity, all participants remained highly engaged throughout the session. One commented: “What stuck with me most is the importance to focus on increasing usage of digital financial services in addition to access.” Annie Bertrand, Financial Inclusion Expert at UNCDF, explained that for MSMEs to grow in the Caribbean, which represents 90% of all firms in the region, they must be able to use their account to make digital transactions – not only to pay their suppliers and staff quickly, but also to receive payments from customers at home and abroad. Given that more than 50 million visitors come with their credit cards and digital wallets to the region every year, digital financial services must be used everywhere. Once MSMEs are able to receive payments digitally, they will have a track record to obtain micro-loans and the tools to build resilience. For more information about the lack of digital financial services in the Caribbean, the root causes of the problem, the consequences and potential solutions, see the Working Paper(https://lnkd.in/gN4_XfWf) and Webinar Recording(https://lnkd.in/gRHHvz9d) and share your perspective! If you are part of the solutions and want to share your story, fill this form(https://lnkd.in/gBzumXNi) so we can promote your effort in the final publication.