Banking

On 22 July 2024, the European Banking Authority (EBA) issued a report concerning its recent peer review on its guidelines on the application of the definition of default.

The EBA guidelines on the application of the definition of default harmonise the definition of default across the EU prudential framework and improve consistency in

On 19 July 2024, the European Banking Authority (EBA) issued a consultation paper on a handbook chapter on independent valuers for resolution.  

The EBA has already issued regulatory technical standards (RTS) on independent valuers under Article 36(14) of the Bank Recovery and Resolution Directive. These RTS determine the circumstances under which

On 16 July 2024, the European Banking Authority (EBA) issued a report on the review of the application of gender-neutral remuneration policies.

The EBA issued guidelines on gender-neutral remuneration policies for institutions and investment firms on 31 December 2021 and 30 April 2022, respectively. Article 74(3) of the Capital Requirements Directive IV and

On 16 July 2024, the European Banking Authority (EBA) published a report on the application of derogations under Articles 94(3) and 94(5) of the Capital Requirements Directive IV (CRD IV) regarding the pay out of remuneration to identified staff.

The report finds that:

  • Most Member States have implemented the derogation under

On 11 July 2024, the European Central Bank (ECB) published a report that defines assessment criteria and sound practices for digitalisation. The report follows a survey on digitalisation involving all significant institutions under European banking supervision conducted in 2022 and a broad set of supervisory activities in 2023 including targeted reviews on the

On 9 July 2024, the Basel Committee on Banking Supervision published a consultative document on Principles for the sound management of third-party risk.

The Principles contained in the consultative document are intended to supersede those in the 2005 Joint Forum paper Outsourcing in financial services specifically for the banking sector. There are 12 high-level principles

On 9 July 2024, the Single Resolution Board (SRB) published its third assessment of banks’ resolvability across the Banking Union.

The headlines from the assessment include:

  • All banks that had to comply with their final minimum requirement for own funds and eligible liabilities (MREL) targets as of 1 January 2024 have

On 8 July 2024, the European Banking Authority (EBA) published a report on convergence of supervisory practices in 2023.

The report covers how the EBA pursued supervisory convergence in 2023 in the context of the Supervisory Review and Evaluation Process and ongoing supervision via various convergence tools at its disposal, and the EBA’s

On 26 June 2024, the Single Resolution Board (SRB) published a document that outlines elements of bail-in execution in the Banking Union that are of a general nature or fall under the responsibility of the SRB. The document should be read in conjunction with existing or future publications from Member State resolution authorities

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