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Topic: Capital adequacy

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Commission Delegated Regulation (EU) 2022/2311 amending the RTS laid down in Delegated Regulation (EU) No 153/2013 as regards temporary emergency measures on collateral requirements

On 28 November 2022, there was published in the Official Journal of the European Union (OJ),  Commission Delegated Regulation (EU) 2022/2311 of 21 October 2022, amending the regulatory technical standards laid down in Delegated Regulation (EU) No 153/2013 as regards temporary emergency measures on collateral requirements. Article 1 modifies Articles 39 and 62 of Commission … Continue Reading

Commission Delegated Regulation supplementing the CRR with regard to RTS for the calculation of risk-weighted exposure amounts of collective investment undertakings under the mandate-based approach

On 24 November 2022, the European Commission published a Commission Delegated Regulation supplementing the Capital Requirements Regulation (CRR) with regard to regulatory technical standards (RTS) of the calculation of risk-weighted exposure amounts of collective investment undertakings (CIUs) under the mandate-based approach. The provisions in the Commission Delegated Regulation specify how institutions are to calculate the … Continue Reading

Published in the OJ – Commission Delegated Regulation (EU) 2022/2257 supplementing the CRR with regard to RTS specifying the calculation methods of gross jump-to-default amounts for exposures to debt and equity instruments and for exposures to default risk arising from certain derivative instruments, and specifying the determination of notional amounts of instruments other than the instruments

On 18 November 2022, there was published in the Official Journal of the European Union (OJ), Commission Delegated Regulation (EU) 2022/2257 of 11 August 2022, supplementing the Capital Requirements Regulation (CRR) with regard to regulatory technical standards specifying the calculation methods of gross jump-to-default amounts for exposures to debt and equity instruments and for exposures … Continue Reading

Member States adopt general approach on CRR II and CRD VI proposals

On 8 November 2022, the Council of the EU adopted its general approach on the European Commission’s (Commission) legislative package on the implementation of the final Basel III standards. The Basel III legislative package comprises of a: Commission proposal for a Regulation amending the Capital Requirements Regulation (CRR) as regards requirements for credit risk, credit valuation … Continue Reading

EBA methodology and draft template for the 2023 EU-wide stress test

On 4 November 2022, the European Banking Authority (EBA) published the final methodology, draft templates and template guidance for the 2023 EU-wide stress test along with the milestone dates for the exercise. The objectives of the EU-wide stress test is to provide EU supervisors, banks and other market participants with a common analytical framework to … Continue Reading

Corrigendum to Commission Implementing Regulation (EU) 2022/389 laying down ITS for the application of the IFD with regard to the structure, content lists and annual publication date of the information to be disclosed by competent authorities

On 20 October 2022, there was published in the Official Journal of the European Union Corrigendum to Commission Implementing Regulation (EU) 2022/389 of 8 March 2022 laying down Implementing Technical standards for the application of the Investment Firms Directive with regard to the structure, content lists and annual publication date of the information to be … Continue Reading

EBA final standards and guidelines on interest rate risk arising from non-trading book activities

On 20 October 2022, the European Banking Authority (EBA) published a new set of guidelines and two final draft Regulatory Technical Standards (RTS) specifying technical aspects of the revised framework capturing interest rate risks for banking book (IRRBB) positions. The new guidelines and draft RTS complete the onboarding into EU law of the Basel standards … Continue Reading

Commission Delegated Regulation amending the RTS laid down in Delegated Regulation (EU) No 153/2013 as regards temporary emergency measures on collateral requirements

On 18 October 2022, the European Commission published a Commission Delegated Regulation amending the regulatory technical standards laid down in Delegated Regulation (EU) No 153/2013 as regards temporary emergency measures on collateral requirements. The delegated act introduces a modification to Commission Delegated Regulation (EU) No 153/2013. Article 1 modifies Articles 39 and 62 of Commission … Continue Reading

EBA publishes report on the peer review on ICT risk assessment under the SREP

On 17 October 2022, the European Banking Authority (EBA) published a report setting out its findings following a peer review on information and communication technology (ICT) risk assessment under the supervisory review and evaluation process (SREP). Key findings from the peer review include: EU competent authorities have largely implemented the EBA’s guidelines on ICT risk … Continue Reading

ESMA final report on emergency measures on collateral requirements

On 14 October 2022, the European Securities and Markets Authority (ESMA) published a final report on emergency measures on collateral requirements. Previously, the European Commission asked ESMA to consider whether the applicable Level 2 provisions, in particular Commission Delegated Regulation (EU) 153/2013, supplementing the European Market Infrastructure Regulation (EMIR) with regards to requirements for central … Continue Reading

Margin for redemptions of eligible liabilities

On 12 October 2022, the Single Resolution Board (SRB) and the European Central Bank (ECB) reached an ‘in principle’ agreement on the margin for redeeming eligible liabilities under Article 78a(1)(b) of the Capital Requirements Regulation. The new ‘In principle’ agreement is applicable to authorisations granted as of 1 January 2023, including General Prior Permission (GPP) … Continue Reading

EBA guidelines on disclosure of non-performing and forborne exposures

On 12 October 2022, the European Banking Authority (EBA) issued a press release stating that given the overlap with the Implementing Technical Standards (ITS) on Pillar 3 disclosure it was repealing the: Guidelines on disclosure requirements under Part Eight of the Capital Requirements Regulation (CRR) (EBA/GL/2016/11). Guidelines on liquidity coverage ratio disclosure to complement the … Continue Reading

Commission Delegated Regulation laying down RTS amending Delegated Regulation No 241/2014 as regards the prior permission to reduce own funds and the requirements related to eligible instruments

On 11 October 2022, the European Commission published a Commission Delegated Regulation (EU) laying down regulatory technical standards (RTS) amending Delegated Regulation (EU) No 241/2014 as regards the prior permission to reduce own funds and the requirements related to eligible instruments. Commission Delegated Regulation (EU) No 241/2014 supplements the Capital Requirements Regulation (CRR) with regard … Continue Reading

EBA updates on the monitoring of total loss-absorbing capacity and minimum requirement for own funds and eligible liabilities instruments

On 7 October 2022, the European Banking Authority (EBA) has issued its latest monitoring report regarding total loss-absorbing capacity and minimum requirement for own funds and eligible liabilities (TLAC/MREL).  The report provides policy views based on TLAC/MREL instruments assessed up to February 2022 with a view to continue strengthening the quality of the instruments and … Continue Reading

RTS under Articles 124(4) and 164(8) of the CRR

On 5 October 2022, the European Commission published a draft Delegated Regulation supplementing the Capital Requirements Regulation with regard to regulatory technical standards (RTS) specifying the types of factors to be considered for the assessment of the appropriateness of risk weights for exposures secured by immovable property and the conditions to be taken into account … Continue Reading

Basel Committee report – Buffer usability and cyclicality in the Basel framework

On 5 October 2022, the Basel Committee on Banking Supervision issued a report, Buffer usability and cyclicality in the Basel framework. The report is the Basel Committee’s second report on the impact and effectiveness of the implemented Basel reforms and provides an in-depth examination of several questions regarding buffer usability and cyclicality of the Basel … Continue Reading

EBA updates data used for the identification of G-SIIs

On 29 September 2022, the European Banking Authority (EBA) disclosed the data items used to identify global systemically important institutions within the EU. The EBA has published 13 indicators and updated underlying data for the 30 largest institutions in the EU whose leverage ratio exposure measure exceeds EUR 200bn. Acting as a central data hub … Continue Reading

ESRB to publish a report on whether bank capital requirements can be an effective tool for reducing carbon emissions

On 29 September 2022, the European Systemic Risk Board issued a press release reporting on the meeting that its general board held on 22 September 2022. At the meeting, the general board issued a warning on vulnerabilities in the EU’s financial system. The general board concluded that risks to the financial stability in the EU … Continue Reading

Basel Committee publishes review of margining practices

On 29 September 2022, the Basel Committee on Banking Supervision (Basel Committee) published a report concerning a review of margining practices. Background In non-centrally cleared markets, the Basel Committee and the International Organisation of Securities Commissions (IOSCO) developed a framework that established minimum standards for margin requirements for non-centrally cleared derivatives (although not non-centrally cleared … Continue Reading

EBA launches 2022 EU-wide transparency exercise

On 23 September 2022, the European Banking Authority (EBA) launched its annual EU-wide transparency exercise, as part of its efforts to monitor risks and vulnerabilities and to reinforce market discipline. As in the past the exercise is exclusively based on supervisory reporting data, which will keep the burden for the banks to a minimum. Results … Continue Reading

SRB welcomes adoption of the review of the ‘CRR quick-fix’

On 22 September 2022, the Single Resolution Board (SRB) announced that they welcomed the adoption of the review of the Capital Requirements Regulation (CRR), known as ‘CRR quick-fix’. The CRR quick-fix clarifies the treatment of total loss-absorbing capacity (TLAC) surpluses located in third countries for banks with a multiple entry point of entry (MPE) resolution … Continue Reading

Commission Delegated Regulation (EU) 2022/1622 on emerging markets and advanced economies

On 21 September 2022, there was published in the Official Journal of the European Union(OJ) Commission Delegated Regulation (EU) 2022/1622 of 17 May 2022 supplementing the Capital Requirements Regulation (CRR) with regard to regulatory technical standards on emerging markets and advanced economies. The RTS specify which countries constitute advanced economies for the purposes of specifying … Continue Reading

Commission Delegated Regulation (EU) 2022/1455 supplementing the IFR with regard to RTS for own funds requirement for investment firms based on fixed overheads

On 5 September 2022, there was published in the Official Journal of the European Union (OJ), Commission Delegated Regulation (EU) 2022/1455 of 11 April 2022, supplementing the Investment Firms Regulation with regard to regulatory technical standards for own funds requirement for investment firms based on fixed overheads. The RTS: Specify the deductions to be applied … Continue Reading

Corrigendum to Commission Delegated Regulation (EU) 2022/1159 of 11 March 2022 supplementing IFR with regard to RTS for public disclosure of investment policy by investment firms

On 25 August 2022, there was published in the Official Journal of the European Union a Corrigendum to Commission Delegated Regulation (EU) 2022/1159 of 11 March 2022 supplementing the Investment Firms Regulation with regard to regulatory technical standards for public disclosure of investment policy by investment firms. The Corrigendum inserts on page 15, in Annex … Continue Reading
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