European Securities and Markets Authority and Pillar 2: Difference between pages

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''Financial services supervision - European Union (EU).''
''Banking - regulation.''


(ESMA).  
(P2).


ESMA is an independent EU authority established to contribute to the stability of the European Union's financial system by ensuring the integrity, transparency, efficiency and orderly functioning of securities markets and enhancing investor protection.  
Pillar 2 is the aspect of banking supervision which addresses firm-wide governance and risk management, among other matters.


ESMA is part of the European Supervisory Authority (ESA).
Additional capital requirements may be imposed by bank supervisors under Pillar 2, depending on their evaluation of banks' internal assessments of their risks and capital requirements.
 
 
=====UK Pillar 2 supervisory reviews=====
The UK supervisor is the Prudential Regulatory Authority (PRA).
 
There are two main areas that the PRA considers when conducting a Pillar 2 review:
 
(i) Risks to the firm which are either not captured, or not fully captured, under Pillar 1 capital requirements, referred to as Pillar 2A; and
 
(ii) Risks to which the firm may become exposed over a forward-looking planning horizon - e.g. due to external stresses - referred to as Pillar 2B.
 
 
=====IRRBB=====
Most regulators treat Interest Rate Risk in the Banking Book (IRRBB) as a Pillar 2 risk.




== See also ==
== See also ==
* [[APM]]
* [[Bank supervision]]
* [[Cash investing in a new world]]
* [[Basel III]]
* [[CEREP]]
* [[Capital adequacy]]
* [[EMIR]]
* [[Interest Rate Risk in the Banking Book]]
* [[European Banking Authority]] (EBA)
* [[Pillar 1]]
* [[European Insurance and Occupational Pensions Authority]] (EIOPA)
* [[Pillar 3]]
* [[European Supervisory Authority]] (ESA)
* [[PRA buffer]]
* [[European Union]]  
* [[Prudential Regulation Authority]]
* [[Initial coin offering]]
* [[SREP]]
* [[Supervision]]
* [[Stress]]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Financial_products_and_markets]]

Revision as of 13:33, 11 November 2016

Banking - regulation.

(P2).

Pillar 2 is the aspect of banking supervision which addresses firm-wide governance and risk management, among other matters.

Additional capital requirements may be imposed by bank supervisors under Pillar 2, depending on their evaluation of banks' internal assessments of their risks and capital requirements.


UK Pillar 2 supervisory reviews

The UK supervisor is the Prudential Regulatory Authority (PRA).

There are two main areas that the PRA considers when conducting a Pillar 2 review:

(i) Risks to the firm which are either not captured, or not fully captured, under Pillar 1 capital requirements, referred to as Pillar 2A; and

(ii) Risks to which the firm may become exposed over a forward-looking planning horizon - e.g. due to external stresses - referred to as Pillar 2B.


IRRBB

Most regulators treat Interest Rate Risk in the Banking Book (IRRBB) as a Pillar 2 risk.


See also

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