On 10 September 2024, the Prudential Regulation Authority (PRA) announced that it is reviewing the leverage ratio requirements thresholds and is offering a modification by consent (provided certain conditions are met) to disapply the relevant part of the PRA Rulebook until the review is complete.
The PRA had previously noted in a 2021
On 13 August 2024, the European Banking Authority (EBA) published a final report containing draft regulatory technical standards (RTS) amending delegated regulations on profit and loss attribution requirements, risk factor modellability assessment, and the treatment of FX and commodity risk in the banking book.
Legal basis
The Capital Requirements Regulation 2
On 17 July 2024, the European Banking Authority (EBA) issued a statement on the operational application of the Capital Requirements Regulation III (CRR III) in the area of credit risk modelling.
In the statement the EBA encourages institutions and Member State competent authorities (NCAs) to engage in active dialogue
On 16 July 2024, the European Banking Authority (EBA) issued a consultation paper on draft implementing technical standards (ITS) amending Commission Implementing Regulation (EU) 2016/100 specifying the joint decision process with regard to the application for certain prudential permissions pursuant to the Capital Requirements Regulation (CRR).
Commission Implementing Regulation
On 3 July 2024, the European Systemic Risk Board (ESRB) published a summary compliance report which provides a second assessment of implementing actions taken, following ESRB Recommendation on guidance for setting countercyclical buffer rates. The report assesses compliance with the Recommendation based on submissions to the ESRB Secretariat using a dedicated template. The
On 20 June 2024, the European Banking Authority (EBA) issued a Final Report containing draft Regulatory Technical Standards (RTS) on conditions for assessing the materiality of extensions and changes to the use of alternative models and changes to the subset of the modellable risk factors referred to in Article 325bc under
On 18 June 2024, there was published in the Official Journal of the EU, Commission Delegated Regulation (EU) 2024/1728 of 6 December 2023 supplementing the Capital Requirements Regulation with regard to regulatory technical standards specifying in which circumstances the conditions for identifying groups of connected clients are met.
The Delegated Regulation will enter into force
On 17 June 2024, there was published in the Official Journal of the EU (OJ), Commission Delegated Regulation (EU) 2024/1085 of 13 March 2024 supplementing the Capital Requirements Regulation with regard to regulatory technical standards (RTS) on the assessment methodology under which competent authorities verify an institution’s compliance with the requirements
On 7 June 2024, there was published in the Official Journal of the EU, Commission Implementing Regulation (EU) 2024/1618 of 6 June 2024 amending Implementing Regulation (EU) 2021/763 laying down implementing technical standards for the application of the Capital Requirements Regulation and the Bank Recovery and Resolution Directive with regard to the supervisory reporting and