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EBA consults on draft guidance on uniform disclosure of IFRS9 transitional arrangements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

ECB to develop a service for the settlement of instant payments

The European Central Bank has announced that its Governing Council has decided to develop a new service for the settlement of instant payments. The new service, TARGET instant payment settlement (TIPS), will enable citizens and firms to transfer money between each other in real time and will be available around the clock, 365 days a … Continue Reading

Corrigendum to Delegated Regulation on ex ante contributions to resolution financing arrangements under BRRD

There has been published in the Official Journal of the EU a corrigendum to Commission Delegated Regulation 2015/63 supplementing the Bank Recovery and Resolution Directive with regard to ex ante contributions to resolution financing arrangements. The corrigendum makes an amendment to the definition of “promotional bank” found in Article 3(27) of the Delegated Regulation.… Continue Reading

Council of EU progress report on banking reform legislative proposals

The Council of the EU has published a note and a progress report on the European Commission’s (Commission) initiatives to strengthen the EU Banking Union and to establish risk-reduction measures.  The Commission’s legislative initiatives were a draft: Regulation amending the Capital Requirements Regulation (CRR); Directive amending the Capital Requirements Directive IV; Directive amending the Bank … Continue Reading

ECB statement: supervising banks – four priorities

The European Central Bank (ECB) has published a statement by Sabine Lautenschlager, Member of the ECB’s Executive Board and Vice-Chair of the ECB Supervisory Board. The statement is entitled Supervising banks – four priorities. The four priorities that are referred to in the statement are: regulation has to remain a global issue. The banking system … Continue Reading

EBA draft methodology and templates for 2018 EU-wide stress test

The European Banking Authority has published the draft methodological note and templates for its 2018 EU-wide stress test. The stress test exercise will cover 70% of the EU banking sector and will assess EU banks’ ability to meet relevant supervisory capital ratios during an adverse economic shock. For banks starting to report under IFRS 9 … Continue Reading

Basel Committee speech – Designing an optimal deposit insurance system

The Basel Committee on Banking Supervision (Basel Committee) has published a speech given by its chairman Stefan Ingves. The speech is entitled Designing an optimal deposit insurance system. In his speech, Mr Ingves discusses three challenges currently faced by deposit insurance systems: the interaction between the resolution framework and deposit insurance. Mr Ingves notes that … Continue Reading

ECB consults on review of SSM supervisory fees

The European Central Bank (ECB) has issued a consultation paper which is intended to assist interested parties in understanding and assessing how to contribute to the review of the ECB Regulation on supervisory fees.  The responses to the consultation paper will provide guidance to the ECB when preparing a formal update to the ECB Regulation … Continue Reading

Regulatory equivalence and the global banking system

The Basel Committee on Banking Supervision (Basel Committee) has published a speech given by its secretary general, William Coen. The speech is entitled Regulatory equivalence and the global regulatory system. At the beginning of his speech Mr Coen discusses global standards and supervisory cooperation. He states that any review of “regulatory equivalence” requires an analysis … Continue Reading

Latest Presidency compromise proposal on proposed Directive amending the BRRD relating to the ranking of unsecured debt instruments in insolvency hierarchy

The Council of the EU has published a Presidency compromise proposal for a Directive amending the Bank Recovery and Resolution Directive (BRRD) as regards the ranking of unsecured debt instruments in insolvency hierarchy. The proposal states that the additions to the last Presidency compromise are marked in underline bold text, additions to the European Commission’s … Continue Reading

EBA to launch 2017 transparency exercise in September 2017

The European Banking Authority (EBA) has announced that it will publish data for its fourth annual EU-wide transparency exercise in December 2017 together with the Risk Assessment Report (RAR). The sample of banks for the 2017 exercise will be aligned with the one used in the 2017 EBA RAR and the exercise will be based … Continue Reading

EBA final draft RTS on valuation under BRRD

The European Banking Authority (EBA) has published final draft regulatory technical standards (RTS) that specify valuation principles that shall be used before and after a resolution occurs. Valuation before resolution is critical to the resolution process since it informs the resolution authority’s decision as to whether the conditions for resolution are met and, if so, … Continue Reading
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