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Basel Committee announces a review of recent market developments, advances work on climate-related financial risks, and review of Basel Core Principles

On 23 March 2023, the Basel Committee on Banking Supervision (Basel Committee) announced a range of policy and supervisory initiatives, following a meeting on 14 March and 22-23 March to take stock of recent market developments and risks to the global banking system. Following the meeting, the Basel Committee announced the following:… Continue Reading

EBA final report on revised guidelines on methods for calculating contributions to deposit guarantee schemes under the Deposit Guarantee Schemes Directive

On 21 February 2023, the European Banking Authority (EBA) published a final report containing revised guidelines on methods for calculating contributions to deposit guarantee schemes (DGS) under the Deposit Guarantee Schemes Directive (DGSD). The DGSD mandates the EBA to develop guidelines on methods for calculating contributions to DGSs and to review them at least every … Continue Reading

FSB letter to G20 Finance Ministers and Central Bank Governors

On 20 February 2023, the Financial Stability Board (FSB) published a letter from its Chair, Klaas Knot, to G20 Finance Ministers and Central Bank Governors, ahead of the G20 meeting on 24-25 February. The letter notes the recent easing in global financial conditions but warns that, while expectations of a ‘soft landing’ for the global … Continue Reading

FSB report on the financial stability aspects of commodities markets

On 20 February 2023, the Financial Stability Board (FSB) published a report on the financial stability aspects of commodities markets. The report presents an overview of a few globally traded commodities markets that are of particular economic importance at the current juncture (crude oil, natural gas, and wheat) and examines their vulnerabilities, focussing on the … Continue Reading

EBA Final Report on draft RTS on the homogeneity of the underlying exposures in STS securitisation

On 14 February 2023, the European Banking Authority (EBA) published a Final Report on draft regulatory technical standards (RTS) on the homogeneity of the underlying exposures in simple, transparent and standardised (STS) securitisation under Articles 20(14), 24(21) and 26b(13) of the Securitisation Regulation, as amended by Regulation (EU) 2021/557. The draft RTS build on the … Continue Reading

EBA Final Report: Guidelines to resolution authorities on the publication of the write-down and conversion and bail-in exchange mechanic

On 13 February 2023, the European Banking Authority (EBA) published a Final Report: Guidelines to resolution authorities on the publication of the write-down and conversion and bail-in exchange mechanic. The Bank Recovery and Resolution Directive provides authorities with the powers to write-down and convert capital instruments, it also sets-out that Member States shall ensure that … Continue Reading

EBA publishes report on high earners data as of end 2021

On 19 January 2023, the European Banking Authority (EBA) published a report on high earners data as of end 2021. Under the CRD IV and the Investment Firms Directive the EBA is required to publish aggregated data on high earners earning EUR 1 million or more per financial year. In this latest report the EBA … Continue Reading

EBA publishes final report on draft ITS specifying the requirements for the information that credit institutions selling NPL should provide to prospective buyers

On 16 December 2022, the European Banking Authority (EBA) published a final report on the draft Implementing Technical Standards (ITS) specifying the templates to be used by credit institutions for the provision of information referred to in Article 15(1) of Directive (EU) 2021/2167 in order to provide detailed information on their credit exposures in the … Continue Reading

EBA first thematic review on the transparency and level of fees and charges for retail banking products in the EU

On 14 December 2022, the European Banking Authority (EBA) published a thematic review on the transparency and level of fees and charges for retail banking products. The aim of this report was to gather and analyse information in order for the EU co-legislators to assess whether further legislative initiatives may be needed in the future, … Continue Reading

EBA consults on guidelines on the overall recovery capacity in recovery planning

On 14 December 2022, the European Banking Authority (EBA) published a Consultation Paper on draft guidelines on overall recovery capacity (ORC) in recovery planning. The objective of the ORC is to provide a summary of the overall capability of the institution to restore its final position after a significant deterioration by implementing suitable recovery options. … Continue Reading

Basel Committee publishes evaluation of the impact and efficacy of the Basel III reforms

On 14 December 2022, the Basel Committee on Banking Supervision published a report on the evaluation of the impact and efficacy of the Basel III reforms. This report provides the Committee’s first holistic evaluation of the impact and efficacy of the Basel III reforms and how they have affected bank resilience and systemic risk as … Continue Reading

ESAs joint review on the review of the securitisation prudential framework

On 12 December 2022, the European Securities Authorities (ESAs) (European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA)) published joint advice in response to the European Commission’s earlier call for advice on the review of the securitisation prudential framework. The ESAs welcome the current … Continue Reading

ECB Banking Supervision publishes priorities for the Single Supervisory Mechanism

On 12 December 2022, the European Central Bank (ECB) published the Single Supervisory Mechanism (SSM) supervisory priorities for 2023-2025. ECB Banking Supervision, in close collaboration with Member State national competent authorities, has reviewed its strategic priorities for the next three years. The review builds on an assessment of the main risks and vulnerabilities for ECB … Continue Reading

EBA consults on Draft ITS on the 2014 Benchmarking

On 8 December 2022, the European Banking Authority (EBA) published a Consultation Paper: Draft Implementing Technical Standards (ITS) on amending Commission Implementing Regulation (EU) 2016/2070 with regard to the benchmarking of internal models. The EBA benchmarking exercise forms the basis for both, supervisory assessment and horizontal analysis on the outcome of internal models. It ensures … Continue Reading

Key MEPs call for breaking deadlock on bank deposit insurance scheme

On 7 December 2022, the European Parliament issued a press release stating that work on a European Deposit Insurance Scheme (EDIS) is long due. It adds that progress on the EDIS can be made and calls for the following: The European Commission should not retract its 2015 EDIS proposal. The Commission should table an ambitious … Continue Reading

BIS newsletter on bank exposures to non-bank financial intermediaries

On 24 November 2022, the Bank for International Settlements (BIS) published a newsletter on bank exposures to non-bank financial intermediaries. The newsletter highlights the following: The non-bank financial intermediary (NBFI) sector continues to grow and has the potential to cause financial stability concerns, though its size and the associated risk vary amongst member jurisdictions. Recent … Continue Reading

FSB publishes list of globally systemically important Banks

On 21 November 2022, the Financial Stability Board (FSB) published the 2022 list of globally systemically important banks (G-SIBs). The list is based on end-2021 data and an assessment methodology designed by the Basel Committee on Banking Supervision, which was revised in 2018. The revised methodology is applied for the first time this year. The … Continue Reading

SRB publishes work programme for 2023

On 18 November 2022, the Single Resolution Board (SRB) published its work programme for 2023. In summary, the coming twelve months will see the SRB’s focus moving from the more general phases of drafting and fine-tuning of resolution plans towards ensuring that each plan and preferred resolution strategy for each bank in the Banking Union … Continue Reading

EBA Consultation Paper on draft guidelines to institutions and resolution authorities on resolvability testing

On 15 November 2022, the European Banking Authority (EBA) issued a consultation paper containing draft guidelines addressed to institutions and resolution authorities on resolvability testing. The draft guidelines seek to introduce a common framework for resolution testing by: Introducing a self-assessment by resolution banks of their resolvability focusing on the minimum standard set by the … Continue Reading

EBA Opinion on the set-up and operationalisation of intermediate EU parent undertakings

On 7 November 2022, the European Banking Authority (EBA) published an Opinion on the set-up and operationalisation of intermediate EU parent undertaking(s) under Article 21b of the Capital Requirements Directive IV (CRD IV). Article 21b of the CRD IV strengthens the supervision of third-country groups with significant activities in the EU. It does this by … Continue Reading

EBA publishes assessment on the application of the supporting factor to infrastructure lending

On 3 November 2022, the European Banking Authority (EBA) published a report on the application of the infrastructure supporting factor. The report analyses the lending trends and riskiness of infrastructure loans which have benefited from a capital reduction due to the introduction of the so-called Infrastructure Supporting Factor (ISF) according to Article 501a of the … Continue Reading
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