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
On 29 November 2024, the Bank of England (BoE) published a policy statement, PS19/24, on the Strong and Simple Framework: The definition of an Interim Capital Regime (ICR) firm.
PS19/24 sets out the final PRA statement of policy (SoP) on operating the ICR, as well as rules relating
On 27 November 2024, the Basel Committee on Banking Supervision (Basel Committee) published various finalised technical amendments to the Basel Framework.
The amendments, which relate to (i) the standardised approach to credit risk and (ii) cryptoasset exposures, were published for consultation in July 2024 and have been finalised as originally proposed.
The Basel Committee plans
On 27 November 2024, the Basel Committee on Banking Supervision (Basel Committee) issued a consultation on a technical amendment to rules in the Basel Framework that relate to the hedging of counterparty credit risk exposures.
The Basel Committee periodically publishes proposals for technical amendments with the aim of helping to promote consistent interpretation
On 22 November 2024, the European Securities and Markets Authority (ESMA) and the European Central Bank (ECB) published responses to the European Commission’s consultation on macroprudential policies for Non-Bank Financial Intermediation (NBFI) (which was published in May 2024 and is the subject of a previous blog).
ESMA response
On 21 November 2024, the Prudential Regulation of Credit Institutions (Meaning of CRR Rules and Recognised Exchange) (Amendment) Regulations 2024 were made and published on legislation.gov.uk, along with an explanatory memorandum.
The Regulations will do two things:
On 20 November 2024, the Basel Committee on Banking Supervision issued a press release which stated that it members unanimously reaffirmed their expectation of implementing all aspects of the Basel III framework in full, consistently and as soon as possible. The press release added that the Basel Committee would be issuing its guidelines for counterparty