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EBA updates guidelines on interest rate risk arising from non-trading activities

Created
Wednesday, 27 May 2015

                                                                  22 May 2015

 

The European Banking Authority (EBA) published an updated version of the Committee of European Banking Supervisors guidelines on technical aspects of the management of interest rate risk arising from non-trading activities under the supervisory review process. The guidance provided in these updated guidelines applies to the interest rate risk arising from non-trading activities (IRRBB), one of the Pillar 2 risks specified in the Capital Requirements Directive (CRD IV).

Related documents

Press release

Guidelines

 

BRRD: EBA publishes guidelines on triggers for resolution

Created
Tuesday, 26 May 2015

                                                                  26 May 2015

 

The EBA published its final Guidelines on the circumstances under which an institution shall be considered as ‘failing or likely to fail' (triggers for resolution). These Guidelines aim at promoting convergence of EU supervisory and resolution practices in relation to how resolution should be triggered. These Guidelines have been developed according to Article 32(6) of the Bank Recovery and Resolution Directive (BRRD), which mandates the EBA to specify the circumstances under which an institution shall be considered as failing or likely to fail. 

Related documents

Press release

Final Guidelines

FSB publishes thematic review on supervisory frameworks and approaches for SIBs

Created
Tuesday, 26 May 2015

                                                                  26 May 2015

 

The FSB published athematic peer review on supervisory frameworks and approaches for systemically important banks (SIBs).

The review, which was conducted in close collaboration with the Basel Committee on Banking Supervision (BCBS), assesses progress towards enhancing supervisory frameworks and approaches for SIBs since the financial crisis, in particular for global systemically important banks (G-SIBs).

Related documents

Press release

Peer Review Report

EBA outlines its upcoming initiatives for the regulation of retail payments

Created
Thursday, 21 May 2015

                                                                  21 May 2015

 

The EBA announced that it is getting ready to develop requirements that will harmonise regulatory and supervisory practices to ensure secure, easy and efficient payment services across the EU. The EBA will do so by fulfilling mandates under the upcoming revised Payments Services Directive (PSD2) and the Interchange Fee Regulation (IFR).

 

Related documents

Press release

Compliance Table

 

ESMA publishes response to capital markets union green paper

Created
Thursday, 21 May 2015

                                                                  21 May 2015

 

The ESMA published its response to the European Commission’s Green Paper on Building a Capital Markets Union. The response sets out how ESMA’s main objectives of enhancing investor protection and promoting stable and orderly financial markets, and its linked activities, can contribute to the CMU Further, the response contains specific proposals where improvements could be made in relation to access to credit information for SME’s and increasing cross-border retail participation in investment funds such as UCITS.

Related documents

Press release

Response 2015/856

Response 2015/857

Response 2015/858

EMIR: ESMA publishes its opinion on the composition of the CCP Colleges

Created
Thursday, 21 May 2015

                                                                  21 May 2015

 

The ESMA published an opinion on the composition of the CCP Colleges to clarify which authorities qualify as a college member under Article 18(2)(c) of EMIR following the establishment of the SSM and to resulting voting rights. The opinion clarifies that where the ECB has taken over the direct prudential supervision of any of the clearing members of the CCP that are established in the three Member States with the largest contributions to the default fund of the CCP, it should join the college pursuant to Article 18(2)(c) of EMIR.

Related document

Draft opinion

European Commission launches a public consultation on EMIR

Created
Thursday, 21 May 2015

                                                                  21 May 2015

 

The European Commission launched a public consultation as part of a review of EMIR. EMIR is a regulation that introduces trade reporting, central clearing and risk mitigation requirements for derivative counterparties. It also establishes harmonised business requirements for trade repositories and central counterparties operating in the Union.

The consultation will run until 13 August 2015.

Related documents

Press release

Consultation document

Consultation page

European Parliament backed stronger rules to combat money laundering and terrorism financing

Created
Wednesday, 20 May 2015

                                                                  20 May 2015

 

Members of the European Parliament adopted new rules to help fight money laundering and terrorist financing in the EU.

The new strengthened European anti-money laundering framework will contribute to the fight against terrorist financing and money laundering by:

- facilitating the work of Financial Intelligence Units from different Member States to identify and follow suspicious transfers of money and facilitate the exchange of information;

- establishing a coherent policy towards non-EU countries that have deficient anti-money laundering and counter-terrorist financing regimes;

- ensuring full traceability of funds transfers within, to and from the European Union.

Related document

Press release

Next step

The publication of the package in the Official Journal of the EU is due for around June-July 2015.

EBA issues guidance on the implementation of resolution tools

Created
Wednesday, 20 May 2015

                                                                  20 May 2015

 

The EBA published three sets of final Guidelines aimed at facilitating the implementation of resolution tools in the banking sector across the EU.

The first two sets of Guidelines describe how constraints to resolution tools resulting from competition and transparency requirements should be interpreted; their aim is to ensure an efficient and consistent implementation of these tools across the EU.

The third set of Guidelines, on ‘necessary services', define a minimum list of necessary ‘critical' services that Resolution Authorities may require from institutions under resolution (i.e. the purchaser after a sale of business, a bridge bank or the transferee after a transfer of assets).

Related documents

Press release

Guidelines on the sale of business tool

Guidelines on the asset separation tool

Guidelines on the minimum list of services

Regulation (EU) 2015/760 of the EP and of the Council on European long-term investment funds published in the O.J. of EU

Created
Tuesday, 19 May 2015

                                                                  19 May 2015

 

Regulation (EU) 2015/760 of the European Parliament and of the Council of 29 April 2015 on European long-term investment funds has been published in the O.J. of EU.

This Regulation shall enter into force on 8 June 2015.

Related document

Regulation (EU) 2015/760

 

Regulation (EU) 2015/751 of the EP and of the Council on interchange fees for card-based payment transactions published in the O.J. of EU

Created
Tuesday, 19 May 2015

                                                                  19 May 2015

 

Regulation (EU) 2015/751 of the European Parliament and of the council of 29 April 2015 on interchange fees for card-based payment transactions has been published in the O.J. of EU.

This Regulation shall enter into force on 8 June 2015.

Related document

Regulation (EU) 2015/751

European Parliament agrees negotiating mandate for regulation of financial benchmarks

Created
Tuesday, 19 May 2015

                                                                  19 May 2015

 

The European Parliament agrees negotiating mandate for regulation of financial benchmarks. The European Commission's proposal to make benchmarks more reliable and less at risk of manipulation moved forward today after the European Parliament cleared the way for negotiations with the Council and the Commission to start next month. The main objective of this proposal is to ensure that benchmarks produced and used in the EU are robust, reliable, representative and fit for purpose and that they are not subject to manipulation.

Related documents

Press release

ESAs publish responses to consultation on Guidelines for cross-selling practices

Created
Thursday, 14 May 2015

                                                                  13 May 2015

 

ESAs published responses to consultation on Guidelines for cross-selling practices. These Guidelines developed by the Joint Committee of the ESAs further develop how EU firms engaged in cross-selling practices in the financial sector should comply with the general conduct of business standards expected towards customers. Their aim is to establish a co s that offer cross-selling options, so as to enhance the protection of EU customers.

Related document

Responses

EBA updates list of closely correlated currencies

Created
Thursday, 14 May 2015

 

                                                                  13 May 2015

 

The EBA updated the list of closely correlated currencies that was published in December 2013 as part of the implementing technical standards (ITS) that were drafted for the purposes of calculating the capital requirements for foreign-exchange risk according to the standardised rules. The list was updated according to the procedure and methodology laid down in the ITS.

  

Related documents

Press release

ITS Annex 1 updated

 

EBA consults on the valuation of derivatives in resolution

Created
Thursday, 14 May 2015

                                                                  13 May 2015

 

The EBA launched a public consultation on its draft Regulatory Technical Standards (RTS) defining the valuation of derivative liabilities for the purpose of bail-in in resolution. These standards have been developed within the framework of the Bank Recovery and Resolution Directive (BRRD) which sets procedures for the recovery and resolution of credit institutions across the EU.

The consultation will run until 13 August 2015.

Related documents

Press release

Consultation paper

Commission delegated regulation (EU) 2015/761 supplementing Directive 2004/109/EC with regard to certain regulatory technical standards on major holdings published on the O.J. of the EU

Created
Wednesday, 13 May 2015

                                                                  13 May 2015

 

Commission delegated regulation (EU) 2015/761 supplementing Directive 2004/109/EC (Transparency Directive) with regard to certain regulatory technical standards on major holdings has been published on the O.J. of the EU.

This Regulation shall enter into force on 2 June 2015.

 

Related document

Commission delegated regulation

EBA publishes updated DPM and XBRL taxonomy for remittance of supervisory reporting of funding plans and supervisory benchmarking

Created
Wednesday, 13 May 2015

                                                                  08 May 2015

 

The EBA published an update to the XBRL taxonomy that Competent Authorities shall use for the remittance of data under the EBA Implementing Technical Standards (ITS) on supervisory reporting.

The revised taxonomy will be used for reports on funding plans and supervisory benchmarking regarding reference dates of 31 December 2014 onwards.

Related document

Press release

ESMA publishes updates to Q&As on the AIFMD application

Created
Tuesday, 12 May 2015

                                                                  12 May 2015

 

The ESMA publishes updated questions and answers on the application of the AIFMD.The purpose of this document is to promote common supervisory approaches and practices in the application of the AIFMD and its implementing measures.

Related document

Q&A

Joint Committee of ESAs publishes its recommendations on securitisation

Created
Tuesday, 12 May 2015

                                                                  12 May 2015

 

The Joint Committee of the three European Supervisory Authorities (ESAs) published a report detailing its findings and recommendations regarding the disclosure requirements and obligations relating to due diligence, supervisory reporting and retention rules in existing EU law on Structured Finance Instruments (SFIs).

In this Report, the Joint Committee is making a series of recommendations which should be considered in light of further work on the transparency requirements of SFIs, and the European Commission public consultation on securitisation.

Related documents

Press release

Report

ESMA consults on technical standard No 4 on central clearing of IRS

Created
Monday, 11 May 2015

                                                                 11 May 2015            

The ESMA opened a consultation seeking stakeholders’ views on proposed regulatory technical standards on the clearing obligation under Regulation (EU) No 648/2012 of the European Parliament and Council on OTC derivatives, central counterparties and trade repositories (EMIR).

This paper provides explanations on the draft regulatory technical standards establishing a clearing obligation on additional classes of OTC interest rate derivatives that were not included in the first RTS on the clearing obligation for interest rate swaps.

Related document

Press release

Consultation paper

  • Last Update: Wednesday 27 May 2015, 15:03.

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