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ECB consults on draft guides concerning credit institution licence applications

The European Central Bank (ECB) has published for consultation: a draft guide to assessments of licence applications. Since 4 November 2014, the ECB has been exclusively competent to authorise all credit institutions established in the Member States participating in the Single Supervisory Mechanism (SSM). This competence is exercised in close cooperation with the relevant Member … Continue Reading

EBA discussion paper on significant risk transfer in securitisation

The European Banking Authority (EBA) has published a discussion paper on the significant risk transfer (SRT) in securitisation. The EBA is seeking views on enhancing the regulatory and supervisory playing field with respect to the assessment and recognition of SRT in three core areas: the standardisation of the process of SRT assessment by Member State … Continue Reading

ECB Regulation amending Regulation on reporting of supervisory financial information published in OJ

There has been published in the Official Journal of the European Union (OJ), Regulation (EU) 2017/1538 of the European Central Bank of 25 August 2017 amending Regulation (EU) 2015/534 on reporting of supervisory financial information. The amending Regulation enters into force 20 days after its publication in the OJ, that is on 9 October 2017. … Continue Reading

Commission Delegated Regulation with regard to RTS for disclosure of encumbered and unencumbered assets

The European Commission has published the final draft of a Commission Delegated Regulation that supplements the Capital Requirements Regulation (CRR) with regard to regulatory technical standards for disclosure of encumbered and unencumbered assets. Article 443 of the CRR empowers the Commission to adopt, following the submission of draft technical standards by the European Banking Authority … Continue Reading

ECB amending Decision on SSM supervisory data reported to NCAs published in OJ

There has been published in the Official Journal of the EU, Decision (EU) 2017/1493 of the European Central Bank (ECB) amending  Decision ECB/2014/29 on the provision to the ECB of supervisory data reported to the national competent authorities by supervised entities pursuant to Commission Implementing Regulation (EU) No 680/2014 (ECB/2017/23). Decision (EU) 2017/1493 relates to … Continue Reading

Implementing Regulation on ITS on supervisory reporting to reflect IFRS 9 changes to FINREP

There has been published in the Official Journal of the European Union (OJ), a Commission Implementing Regulation that amends an earlier Implementing Regulation that lays down implementing technical standards with regard to supervisory reporting of institutions according to the Capital Requirements Regulation. The amendments relate to the provisions in Regulation 680/2014 concerning financial reporting and … Continue Reading

EBA updates data used for the identification of G-SIIs

The European Banking Authority (EBA) has published 12 indicators and underlying data from the 35 largest institutions in the EU, whose leverage ratio exposure measure exceeds EUR 200 bn. Technical standards for the identification of global systemically important institutions (G-SIIs) and EBA guidelines for the identification of G-SIIs define uniform requirements for disclosing the values … Continue Reading

EBA consults on fraud reporting requirements under PSD2

The European Banking Authority (EBA) has published a consultation paper on draft guidelines on fraud reporting requirements under Article 96(6) of the revised Payment Services Directive (PSD2). Article 96(6) of PSD2 states that payment service providers (PSPs) shall provide “statistical data on fraud relating to different means of payment to their competent authorities”. The same … Continue Reading

EBA reports on funding plans and asset encumbrance

The European Banking Authority (EBA) has published the following: a report on funding plans. The purpose of the report is to assess the feasibility of EU banks’ funding plans submitted to the EBA. Among other things the report notes that the analysis shows that the non-performing loan (NPL) ratio is one important parameter in explaining … Continue Reading

ECB consults on draft guide to on-site inspections and internal models investigations

The European Central Bank (ECB) has published a consultation paper on draft guidance to on-site inspections and internal models investigations. The objective of the guidance is to provide a useful reference document for supervised entities and other legal entities for which the ECB has decided to launch an on-site inspection, as well as for the … Continue Reading

Final EBA guidelines on major incident reporting under PSD2

The European Banking Authority (EBA) has published a final report on guidelines on major accident reporting under the revised Payment Services Directive (PSD2). The guidelines set out the criteria, thresholds and methodology to be used by payment service providers (PSPs) to determine whether or not an operational or security incident should be considered major and, … Continue Reading

EBA consults on draft RTS and ITS on EBA electronic central register under PSD2

Article 15(1) of the revised Payment Services Directive (PSD2) mandates the European Banking Authority (EBA) to develop, operate and maintain an electronic central register that contains information as notified by competent authorities (CAs). The PSD2 also confers a mandate on the EBA to develop draft regulatory technical standards (RTS) setting technical requirements on development, operation … Continue Reading

ESRB reports on financial stability implications of IFRS 9

The European Systemic Risk Board (ESRB) has published a report on the financial stability implications of the International Financial Reporting Standard 9 (IFRS 9). The report has been prepared following a request by the European Parliament. The report analyses two main aspects of IFRS 9 from a macro-prudential angle with a focus on banks: the … Continue Reading

EBA report on results from second EBA impact assessment of IFRS 9

The European Banking Authority (EBA) has published a report setting out the results from its second impact assessment of International Financial Reporting Standard 9 (IFRS 9). In summary, the report shows: on the qualitative side, banks have made further progress on the implementation of IFRS 9 but smaller banks are still lagging behind in their … Continue Reading

EBA consults on draft guidance on uniform disclosure of IFRS9 transitional arrangements

On 31 May 2017, the European Commission adopted a proposal for a Regulation amending the Capital Requirements Regulation (CRR) as regards the transitional period for mitigating the impact on own funds of the introduction of International Financial Reporting Standard 9 (IFRS 9) and the large exposures treatment of certain public sector exposures denominated in non-domestic … Continue Reading

SRB Annual Report 2016

The Single Resolution Board (SRB) has published its 2016 Annual Report. The Annual Report outlines the SRB’s main achievements from 1 January 2016 to 31 December 2016. The SRB’s main achievements in this period include: in terms of resolution planning, the SRB assumed its full resolution power covering 141 banks and drafting and adopting 92 … Continue Reading

Official language versions of three sets of EBA guidelines on bail-in under the BRRD

The European Banking Authority (EBA) has published the official EU language versions of the following guidelines under the Bank Recovery and Resolution Directive (BRRD): guidelines on the rate of conversion of debt to equity in bail-in. These guidelines clarify when and how different conversion rates from debt to equity should be set for different types … Continue Reading

EBA data on EU deposit guarantee schemes

The European Banking Authority (EBA) has published data relating to two key concepts in the Deposit Guarantee Schemes Directive (DGDS): available financial means, and covered deposits. The data provides an overview of the level of pre-funded resources available to each DGS in the EU to cover its potential liabilities to depositors. View EBA data on … Continue Reading

FSB publishes resolution planning guidance for global banks and reports on the implementation of resolution reforms

The Financial Stability Board (FSB) has published two guidance documents to help national authorities with their implementation of the Total Loss-Absorbing Capacity (TLAC) standard: Guiding principles on the internal TLAC of G-SIBs. The guiding principles support the implementation of the internal TLAC requirement. It provides guidance on the size and composition of the internal TLAC … Continue Reading

EBA consults on the implementation of the methods for calculating contributions to deposit guarantee schemes

The European Banking Authority (EBA) has launched a public consultation concerning a draft report on the implementation of its Guidelines on methods for calculating contributions to deposit guarantee schemes (the Guidelines). The draft report finds that: based in the data available so far, the risk-based method as outlined in the Guidelines has broadly met the … Continue Reading

Implementation of Basel Standards

The Basel Committee on Banking Supervision (Basel Committee) has published a report that is intended to update G20 leaders on the progress and challenges in the implementation of the Basel III regulatory reforms since August 2016. The report summarises the steps taken by the Basel Committee member jurisdictions to adopt the Basel III standards, banks’ … Continue Reading

EBA publishes draft amending technical standards on CVA proxy spread

The European Banking Authority (EBA) has published draft amending Regulatory Technical Standards (RTS) on credit valuation adjustment (CVA) proxy spread. The RTS propose certain amendments to Commission Delegated Regulation (EU) No. 526/2014 for determining proxy spread and limited smaller portfolios for CVA risk, based on two policy recommendations contained in an earlier EBA CVA report … Continue Reading
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