Global

  • N/A

EU

  • 24 July 2024 – On 24 April 2024, the European Banking Authority issued a consultation paper containing draft regulatory technical standards (RTS) on the method for identifying the main risk driver of a position and for determining whether a transaction represents a long or a short position as referred to in Articles 94(3), 273a(3) and 325a(2) under Article 94(10) of the Capital Requirements Regulation (CRR). These RTS are part of the Phase 1 deliverables of the EBA roadmap on the implementation of the EU Banking Package in the area of market risk. The deadline for comments on the consultation paper is 24 July 2024.
  • 25 July 2024 – On 5 July 2024, there was published in the OJ, Commission Implementing Regulation (EU) 2024/1872 of 1 July 2024 amending the implementing technical standards laid down in Implementing Regulation (EU) 2016/1799 as regards the mapping tables specifying the correspondence between the credit risk assessments of external credit assessment institutions and the credit quality steps set out in the CRR. The Commission Implementing Regulation enters into force on the twentieth day following its publication in the OJ (25 July 2024).

UK

  • 23 July 2024 – On 12 July 2024, the Bank of England (BoE) and the Financial Conduct Authority (FCA) published an updated set of UK European Market Infrastructure Regulation (UK EMIR) reporting questions and answers (Q&As), which included additional topics (in Q&As 6-11) following a May 2024 consultation. In response to a query received in the second consultation, the FCA and BoE are consulting on one further draft Q&A under topic 10 (position level reporting). The deadline for feedback on this additional draft Q&A is 23 July 2024.