03 February 2015

What do I, need to do about: COREP/FINREP

FCA Email: You may recently have received an email from the FCA telling you that GABRIEL has been updated and is now ready to receive submissions of COREP and FINREP from 1st April.

14 December 2014

What Do I Need to do About CRD IV and the Capital Requirements Regulations?

Disallowed Capital: From 1st January 2014, the following items will not be allowed as regulatory capital:
• Unaudited trading book profits (unless approved by your auditors).
• Deferred tax assets which rely on future profits. Changes to some other types of Capital: Ordinary share capital and premium, and audited reserves are unaffected. However, if you have other forms of capital such as preference shares or subordinated loans, you will need to check their validity under the new regime.