European Regulatory Reporting

Why is the banking system regulated? Select the INCORRECT answer...

• Because it helps ensuring the stability of the financial system

• Because it improves transparency and early identification of issues

• Because it enables regulators to solve any economic crisis that may have occurred in the past

• Because it enables regulators to compare the performance of different entities

What of the following regulatory bodies does NOT have an international scope?

• Financial Conduct Authority

• Basel Committee on Banking Supervision

• International Financial Reporting Standard Foundation

• Financial Stability Board

Recent changes in the global regulatory environment have tended towards...

• More flexible regulation

• More autonomy for local regulators

• More centralized and unified global regulation

• Deregulation

Which ones of the following bodies are part of the Bank of England?

• Prudential Regulatory Authority (PRA) and Financial Conduct Authority (FCA)

• Prudential Regulatory Authority (PRA) and Financial Policy Committee (FPC)

• HM Treasury and Financial Conduct Authority (FCA)

• Prudential Regulatory Authority (PRA), Financial Conduct Authority (FCA) and Financial Policy Committee (FPC)

What of the following regulatory requirements refer to accounting?

• Funding Plan

• COREP

• FINREP

• NSFR

What of the following regulatory requirements have been cancelled or postponed due to Covid-19?

• BoE Stress Test 2020

• EBA Stress Test 2020

• FINREP

• Both BoE and EBA Stress Tests 2020

What does COREP relate to?

• Accounting

• Solvency

• Liquidity

• Conduct

Does Basel IV exist?

• No

• Yes, it is an informal name for Basel III reform

• Yes, it complements Basel V

• Yes, it will be published in 2021

Was does LCR stand for?

• Liquidity Coverage Ratio

• Leverage Coverage Ratio

• Liquidity Capital Ratio

• None of the answers above is correct

What is the main objective of the stress test exercises?

• To limit excessive leverage in the financial system

• To improve the coherence of financial information reported to supervisory authorities

• To measure the resilience of banks to hypothetical adverse scenarios

• To assess the viability and soundness of the firms' funding plans