On 27 December 2024, there was published in the Official Journal of the EU (OJ) Commission Implementing Regulation 2024/3317 of 29 November 2024 laying down implementing technical standards for the application of the Capital Requirements Regulation (CRR) with regard to supervisory reporting of institutions and repealing Commission Implementing Regulation (EU) 2021/451.
On 20 December 2024, the Governing Council of the European Central Bank (ECB) issued a statement concerning the ECB’s framework for assessing capital buffers of other systemically important institutions (O-SIIs).
Among other things the statement notes that:
On 17 December 2024, the European Banking Authority (EBA) issued a final report containing draft regulatory technical standards (RTS) on the conditions for determining whether an instrument attracting residual risk acts as a hedge.
Background
The draft RTS has been developed in accordance with Article 325(u)(6) of the Capital Requirements Regulation
On 17 December 2024, the European Banking Authority issued a no action letter stating that Member State competent authorities (NCAs) should not prioritise any supervisory or enforcement action in relation to the processing of applications for initial margin (IM) model authorisation received as a result of the entry into force of
On 18 December 2024, the Financial Stability Board (FSB) issued a consultation report on proposed policy recommendations to its members and standard setting bodies on leverage in non-bank financial intermediation (NBFI).
Entities in scope of the proposed recommendations are non-bank financial firms that use leverage, either financial or synthetic, including hedge
On 11 December 2024, the Basel Committee on Banking Supervision (Basel Committee) published final guidelines for counterparty credit risk (CCR) management. The guidelines will replace the Basel Committee’s ‘Sound practices for banks’ interactions with highly leveraged institutions’ published in January 1999.
CCR
CCR is the risk that the counterparty to a
On 6 December 2024, the European Banking Authority (EBA) issued a final report containing draft regulatory technical standards (RTS) on the method for identifying the main risk driver and determining whether a transaction represents a long or a short position. The draft RTS have been developed according to Article 94(10) of
On 9 December 2024, the European Banking Authority (EBA) issued a consultation paper containing draft regulatory technical standards (RTS) amending Delegated Regulation (EU) No 529/2014 supplementing the Capital Requirements Regulation (CRR) regarding RTS for assessing the materiality of extensions and changes of the Internal Ratings Based (IRB)
On 2 December 2024, the European Banking Authority (EBA) published a final report containing draft Implementing Technical Standards (ITS) amending Commission Implementing Regulation (EU) 2021/2284 with regard to the reporting of information on certain K-factor requirements.
Commission Implementing Regulation (EU) 2021/2284 is being amended in light of the Capital Requirements Regulation
On 28 November 2024, the Basel Committee on Banking Supervision (Basel Committee) published a report which describes the range of practices in implementing a positive neutral countercyclical capital buffer (CCyB).
In 2010, the Basel Committee published guidance that detailed the key requirements for operating the CCyB, and in 2017 it published