The Legislative Landscape - Risk & Compliance

After the causes of the financial meltdown or Credit Crunch were assessed we saw various legislation passed most influential are the Basel Accords created by the Basel Committee on Banking Supervision (BCBS) and led to CRD IV (Capital Requirements Directive 4). 

These focussed on many financial institutions capital adequacy and liquidity; their ability to absorb the risks they were taking under stress (stress testing), i.e. adverse market conditions.  They had to assess their Capital/Assets and these had to be broken down into tiers based on how risky they were considered to be with the institutions obligated to carry a specific amount of lower risk assets i.e. tier 1 capital so each risk was bucketed; weighted: (RWA) Risk Weighted Assets. 

Sector Specific Compliance
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Payments Sector Compliance
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