Michelle Adcock

Jul 8, 2024 | kpmg.com | Steven Hall |Robert Smith |Peter M. Rothwell |Michelle Adcock

July 2024As outlined in our introductory article, the growth of the private assets industry, particularly the increasing scale, complexity, leverage and interconnected financing of private asset-linked businesses, has started to raise concerns amongst banking regulators, who are focused on the adequacy of individual banks' risk management frameworks and wider financial stability.

Mar 21, 2024 | kpmg.com | Michelle Adcock |Philip Deeks

Get the latest KPMG thought leadership directly to your individual personalised dashboard Pressure on firms remains intense with an aggregate score of 7.3, up from 7.2 in September ’23 Pressure on firms remains intense with an aggregate score of 7.3, up from 7.2 in September KPMG in the UK › Media › Press Releases › Regulatory pressure intensifies around governance and financial resilience for financial services firms Pressure on firms remains intense with an aggregate score of 7.3, up from...

Dec 14, 2023 | kpmg.com | Robert Smith |Steven Hall |Andrew Burrows |Michelle Adcock

December 2023As announced in September 2023, the PRA has published the first package of near-final rules for the UK implementation of Basel 3.1. The first policy statement (PS17/23) covers market risk, credit valuation adjustment risk, counterparty credit risk and operational risk. A second policy statement, on credit risk, the output floor and disclosure requirements, is expected in Q2 2024.

Oct 5, 2023 | kpmg.com | Michelle Adcock |Bronwyn Allan |Kate Dawson

Reforming the UK ring-fencing regime Reforming the UK ring-fencing regime Reforming the UK ring-fencing regime1000Home›Insights›Reforming the UK ring-fencing regimeAs trailed in the 2022 Edinburgh Reforms, the government and PRA have issued a three-part package of proposals and recommendations aimed at reforming the UK ring-fencing regime.