Latest news with #InternalLiquidityAdequacyAssessmentProcess
The Star
2 days ago
- Business
- The Star
ECB supervisors focus on risks from tariffs to cyber attacks, central bank sources say
FILE PHOTO: A view shows the logo of the European Central Bank (ECB) outside its headquarters in Frankfurt, Germany March 16, 2023. REUTERS/Heiko Becker/File Photo FRANKFURT/MADRID (Reuters) -European Central Bank supervisors are focusing on issues ranging from tariffs to cyber attacks and a possible dollar shortage as they assess potential risks to the region's banking industry, five senior central bank officials told Reuters. The ECB is looking into these risks amidst a global trade war and conflicts, such as the war in Ukraine. Chief ECB supervisor Claudia Buch said on Tuesday the central bank would test banks' resilience to geopolitical risk next year, telling them to come up with scenarios that had the potential to wipe out large chunks of their capital. In addition to this, ECB supervisors have been incorporating these risks into their regular checks for months, the sources, who asked to remain anonymous as details of the ECB's supervisory work are confidential, said. Banks have been told to watch their exposure to other countries, both via operations abroad and through credit to exporters, supervisors have told Reuters. Cyber attacks are also seen as a risk, particularly in Baltic countries, which have previously been the targets of Russian hackers, the sources said. The ECB has also told banks to prepare for a global dollar drought, for example if the Federal Reserve withdraws its lifelines, as Reuters reported earlier this year Supervisors are not telling banks to cut their exposures and they are not making specific recommendations at this stage, but rather urging banks to tighten their controls and think about contingency plans. The checks are taking place as part of the ECB's annual Supervisory Review and Evaluation Process and banks' own estimate of their liquidity needs, known in regulatory jargon as the Internal Liquidity Adequacy Assessment Process. An ECB spokesperson declined to comment. (Reporting by Francesco Canepa and Jesus Aguado; Editing by Sharon Singleton)
Cision Canada
21-05-2025
- Business
- Cision Canada
/R E P E A T -- Media advisory - Media announcement for OSFI's Spring Quarterly Release Day Français
OTTAWA, ON, May 20, 2025 /CNW/ - On Thursday, May 22, 2025, Amar Munipalle, Executive Director of the Risk Advisory Hub at the Office of the Superintendent of Financial Institutions (OSFI), will speak to the measures published during OSFI's Quarterly Release Day. Mr. Munipalle will hold a question-and-answer session with reporters following his remarks. The release items will include public consultations on the: Internal Liquidity Adequacy Assessment Process (ILAAP) discussion paper Draft Liquidity Adequacy Requirements (LAR) Guideline (2026) Draft Minimum Capital Test (MCT) Guideline (2026) A policy update: Regulatory Notice on Adjustments to the Life Insurance Capital Adequacy Test (LICAT) (2025) What: Media announcement, including a Q&A Time: Thursday, May 22, 2025, 10:00 a.m. to 10:45 a.m. ET Where: Via Zoom Registration: Reporters can register for this announcement by emailing [email protected] by May 21, 2025, at 5:00 p.m. ET. OSFI will provide videoconference login instructions upon registration.
Yahoo
21-05-2025
- Business
- Yahoo
/R E P E A T -- Media advisory - Media announcement for OSFI's Spring Quarterly Release Day
OTTAWA, ON, May 20, 2025 /CNW/ - On Thursday, May 22, 2025, Amar Munipalle, Executive Director of the Risk Advisory Hub at the Office of the Superintendent of Financial Institutions (OSFI), will speak to the measures published during OSFI's Quarterly Release Day. Mr. Munipalle will hold a question-and-answer session with reporters following his remarks. The release items will include public consultations on the: Internal Liquidity Adequacy Assessment Process (ILAAP) discussion paper Draft Liquidity Adequacy Requirements (LAR) Guideline (2026) Draft Minimum Capital Test (MCT) Guideline (2026) A policy update: Regulatory Notice on Adjustments to the Life Insurance Capital Adequacy Test (LICAT) (2025) What: Media announcement, including a Q&A Time: Thursday, May 22, 2025, 10:00 a.m. to 10:45 a.m. ET Where: Via Zoom Registration: Reporters can register for this announcement by emailing media-medias@ by May 21, 2025, at 5:00 p.m. ET. OSFI will provide videoconference login instructions upon registration. SOURCE Office of the Superintendent of Financial Institutions View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
20-05-2025
- Business
- Cision Canada
Media advisory - Media announcement for OSFI's Spring Quarterly Release Day Français
OTTAWA, ON, May 20, 2025 /CNW/ - On Thursday, May 22, 2025, Amar Munipalle, Executive Director of the Risk Advisory Hub at the Office of the Superintendent of Financial Institutions (OSFI), will speak to the measures published during OSFI's Quarterly Release Day. Mr. Munipalle will hold a question-and-answer session with reporters following his remarks. The release items will include public consultations on the: Internal Liquidity Adequacy Assessment Process (ILAAP) discussion paper Draft Liquidity Adequacy Requirements (LAR) Guideline (2026) Draft Minimum Capital Test (MCT) Guideline (2026) A policy update: Regulatory Notice on Adjustments to the Life Insurance Capital Adequacy Test (LICAT) (2025) What: Media announcement, including a Q&A Time: Thursday, May 22, 2025, 10:00 a.m. to 10:45 a.m. ET Where: Via Zoom Registration: Reporters can register for this announcement by emailing [email protected] by May 21, 2025, at 5:00 p.m. ET. OSFI will provide videoconference login instructions upon registration.
Yahoo
20-05-2025
- Business
- Yahoo
Media advisory - Media announcement for OSFI's Spring Quarterly Release Day
OTTAWA, ON, May 20, 2025 /CNW/ - On Thursday, May 22, 2025, Amar Munipalle, Executive Director of the Risk Advisory Hub at the Office of the Superintendent of Financial Institutions (OSFI), will speak to the measures published during OSFI's Quarterly Release Day. Mr. Munipalle will hold a question-and-answer session with reporters following his remarks. The release items will include public consultations on the: Internal Liquidity Adequacy Assessment Process (ILAAP) discussion paper Draft Liquidity Adequacy Requirements (LAR) Guideline (2026) Draft Minimum Capital Test (MCT) Guideline (2026) A policy update: Regulatory Notice on Adjustments to the Life Insurance Capital Adequacy Test (LICAT) (2025) What: Media announcement, including a Q&A Time: Thursday, May 22, 2025, 10:00 a.m. to 10:45 a.m. ET Where: Via Zoom Registration: Reporters can register for this announcement by emailing media-medias@ by May 21, 2025, at 5:00 p.m. ET. OSFI will provide videoconference login instructions upon registration. SOURCE Office of the Superintendent of Financial Institutions View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
