On 20 June 2024, the Single Resolution Board (SRB) issued a press release stating that it will produce new expectations on valuation capabilities including:

  • Banks under its remit setting up permanent valuation data repositories.
  • An enhanced and streamlined SRB valuation data set taking current regulatory initiatives into account.
  • Valuation playbooks.

The SRB will

On 19 June 2024, the Council of the EU (Council) issued a press release stating that it had agreed a negotiating mandate on the review of the crisis management and deposit insurance (CMDI) framework for banks. With this agreement, the Council is ready to engage in negotiations with the European Parliament

On 18 June 2024, the European Commission (Commission) published a speech by Mairead McGuinness (European Commissioner for Financial Services, Financial Stability and Capital Markets Union) in which she discusses the Capital Markets Union and Banking Union.

Among other things Commissioner McGuinness makes the following points:

  • The Commission is looking and analysing at how

On 18 June 2024, there was published in the Official Journal of the EU, Commission Delegated Regulation (EU) 2024/1700 of 5 March 2024 supplementing the Securitisation Regulation with regard to regulatory technical standards specifying, for simple, transparent and standardised non-ABCP traditional securitisation, and for simple, transparent and standardised on-balance-sheet securitisation, the content, methodologies and presentation

On 3 June 2024, the European Central Bank (ECB) issued a consultation on a new draft guide on outsourcing cloud services to cloud service providers.

The draft guide seeks to clarify the ECB’s understanding of the related legal requirements and its expectations for the banks it supervises. The draft guide draws on risks

On 27 May 2024, the European Banking Authority (EBA) published its final guidelines on the simple, transparent and standardised (STS) criteria for on-balance sheet securitisations under Article 26a(2) of the Securitisation Regulation.

The main objective of the guidelines is to provide a single point of consistent interpretation of the STS criteria and ensure a common

On 13 May 2024, the Basel Committee on Banking Supervision (Basel Committee) issued a press release confirming that the Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of the Basel Committee, met on 13 May 2024. It states that the GHOS welcomes the progress made in

On 14 May 2024, the Single Resolution Board (SRB) published a paper that sets out its updated policy on the Minimum Requirement for Own Funds and Eligible Liabilities (MREL). The policy has been updated as a result of the experience obtained during the 2020 resolution planning cycle. The regulatory framework for

On 3 May 2024, the European Central Bank (ECB) published a final guide on effective risk data aggregation and risk reporting. The ECB has also published a feedback statement on its earlier consultation on the guide.

The final guide outlines prerequisites for effective risk data aggregation and risk reporting to assist banks in

On 25 April 2024, the European Parliament issued a press release stating that it had adopted a first reading position on the proposed legislative package relating to the review of the EU bank crisis management and deposit insurance framework. The legislative package consists of a proposed:

  • Regulation amending Regulation (EU) No 806/2014 as regards early