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Latest news of financial regulation

Total: 4462 itemsDisplaying: 41 - 60 items Page 3 of 224

Consumer protection and financial innovation: EBA proposes potential regulatory regime for virtual currencies

Created
Friday, 04 July 2014

                                                                     04 July 2014

 

The EBA published an opinion addressed to the EU Council, European Commission and European Parliament setting out the requirements that would be needed to regulate ‘virtual currencies'. The Opinion is also addressed to national supervisory authorities and advises to discourage financial institutions from buying, holding or selling virtual currencies while no regulatory regime is in place.

 

Related documents

Press release

Opinion

Financial supervision: The FSB announces the launch of a peer review on supervisory frameworks and approaches to SIFIs

Created
Friday, 04 July 2014

                                                                     04 July 2014

 

The FSB announces the launch of a peer review on supervisory frameworks and approaches to SIFIs. The review will draw from responses to two questionnaires: one for national supervisory authorities and one for a representative sample of G-SIBs.

Related document

Thematic Peer Review on Supervisory Frameworks and Approaches to SIFIs

Bank Capital Requirements: EBA advises on the prudential filter for gains and losses from own credit risk related to derivatives

Created
Thursday, 03 July 2014

                                                                     03 July 2014

 

The EBA launched a public consultation on standards on colleges of supervisors and on standards on joint decisions on approval of internal models. The technical standards on colleges detail supervisory activities performed by colleges in going concern and emergency situations, while the ITS on joint decisions relate to the approval of internal models and detail the processes to be followed by competent authorities when reaching joint decisions.

The consultations run until 3 October 2014.

Related documents

Press release

Consultation paper N. 12

Consultation paper N. 13

Bank Capital Requirements: EBA consults on technical standards on home host cooperation in the EU banking sector

Created
Thursday, 03 July 2014

                                                                     02 July 2014

 

The EBA published its technical advice to the European Commission on the use of a prudential filter for gains and losses arising from banks' own credit risk of derivatives. The Authority considers as appropriate not to deviate from the current prudential approach applied at the international level under the Basel III rules, i.e. full deduction of institutions' own credit risk of derivatives. The work of the EBA will inform the work of the EU Commission on the topic.

Related documents

Press release

Technical advice

Bank Capital Requirements: EBA publishes lists for the calculation of capital requirements for credit risk

Created
Thursday, 03 July 2014

                                                                     02 July 2014

 

The EBA published a series of lists in the field of credit risk, in accordance with the EU Capital Requirements Regulation (CRR). These lists will assist EU institutions in the determination of their capital requirements for credit risk.

Related document

Press release

Bank Capital Requirements: ESRB publishes recommendation on guidance for setting countercyclical buffer rates

Created
Wednesday, 02 July 2014

                                                                    30 June 2014

 

The ESRB published a recommendation on guidance to EU Member States for setting countercyclical buffer rates. The guidance, which was approved at the 18 June 2014 meeting of the ESRB General Board, is required under EU legislation. It serves the purpose of establishing a common approach to setting the countercyclical capital buffer across Europe.

The ESRB also published an occasional paper which presents the analysis underpinning the ESRB recommendation on guidance on setting countercyclical buffer rates.

Related documents

Press release

Recommendation

Occasional paper

The EP Committee on Economic and Monetary Affairs (ECON) publishes a systematic overview of main economic and financial services legislation

Created
Wednesday, 02 July 2014

                                                                     02 July 2014

 

The EP Committee on Economic and Monetary Affairs (ECON) published a systematic overview of main economic and financial services legislation.

It consists primarily of 14 policy areas relevant for ECON, listed in accordance with ECON's competences (banking, securities markets and investment firms, market infrastructure, insurance and occupational pensions, payment services, consumer protection in financial services, the European System of Financial Supervision, Monetary Union, competition, taxation) but extends to some other areas which have a bearing on ECON topics, too (e.g. commerce and company law, accounting/auditing, data and consumer protection).

Related document

EU mapping

 

European Court of Auditors publishes report on European banking supervision

Created
Wednesday, 02 July 2014

                                                                     02 July 2014

 

A report published by the European Court of Auditors reveals that the Commission’s reform of banking sector legislation and the creation of the European Banking Authority were important first steps in response to the financial crisis. The European Banking Authority has provided the elements of a new regulatory and supervisory system for the banking sector, taking into account its resources and limited legal powers. However, shortcomings were identified in cross-border banking supervision, the assessment of the resilience of EU banks, and the promotion of consumer protection.

Related document

Press release

Report

Statement by EC Commissioner M. Barnier

ESMA publishes retail investor guide to MiFID II

Created
Tuesday, 01 July 2014

                                                                     01 July 2014

 

The ESMA published a short guide for retail investors explaining the impact of the changes to be made in investor protection under the MiFID II reform. It highlights some of the more important changes taking place to MiFID which may be most relevant to retail investors.

Related document

Enhanced protection for retail investors: MiFID II and MiFIR

Liquidity risk: EBA publishes guidelines on harmonised definitions and templates for funding plans of credit institutions

Created
Tuesday, 01 July 2014

                                                                    30 June 2014

 

The EBA published its final Guidelines on harmonised definitions and templates for funding plans of credit institutions. These Guidelines aim at harmonising reporting of funding plans across the EU. This set of common templates and definitions provides a tool for competent authorities to assess the feasibility, viability and soundness of funding plans, as well as their impact on the supply of credit to the real economy.

Related documents

Press release

Guidelines

Bank Capital Requirements: EBA supports capital treatment of covered bonds, but calls for additional eligibility criteria

Created
Tuesday, 01 July 2014

                                                                     01 July 2014

 

The EBA published an opinion on the preferential capital treatment of covered bonds and a detailed report on the European covered bonds frameworks. EBA recommends additional criteria to qualify for preferential treatment. The opinion also calls for further clarifications on current disclosure requirements and provides advice on the preferential treatment of some specific cover assets. EBA has identified a series of best practices ensuring a robust and consistent regulatory framework for covered bonds.

Related documents

Press release

Report

CRD IV: PRA publishes consultation paper on credit risk mitigation, credit risk, governance and market risk

Created
Monday, 30 June 2014

                                                                    30 June 2014

 

PRA publishes consultation paper on credit risk mitigation, credit risk, governance and market risk. This Consultation Paper sets out proposed changes to the Prudential Regulation Authority’s (PRA’s) rules and supervisory statements for credit risk mitigation (CRM), credit risk, governance, and market risk. The changes are complementary to the PRA’s implementation of CRD IV,(1) asset out in PS7/13.

The consultation for items (1), (3), (4) and (5) above will close on Friday 8 August 2014. The consultation for item (2) will close on Tuesday 30 September 2014.

Related document

Consultation paper

Bank capital requirements: EBA consults on technical standards on countercyclical buffer disclosure

Created
Monday, 30 June 2014

                                                                    27 June 2014

 

The EBA launched public consultation on its draft regulatory technical standards (RTS) on disclosure of information related to the countercyclical capital buffer. These RTS will be part of the EU Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector. The EBA has developed a set of draft regulatory technical standards that specify what information institutions must disclose in relation to their requirements for a countercyclical capital buffer (CBB). The consultation runs until 27 September 2014.

Related documents

Press release

Consultation Paper

Bank capital requirements: EBA publishes guidelines on disclosure of encumbered and unencumbered assets

Created
Monday, 30 June 2014

                                                                    27 June 2014

 

The EBA published its final Guidelines on disclosure of encumbered and unencumbered assets. They are the first step towards a harmonised disclosure framework of asset encumbrance in the EU and have been drafted in accordance with Recommendation D of the European Systemic Risk Board (ESRB). These Guidelines include a set of principles and templates that will enable the disclosure of all information on encumbered and unencumbered including all central bank operations conducted by institutions.

Related documents

Press release

Guidelines

Bank capital requirements: Commission Implementing Regulation (EU) No 680/2014 laying down ITS with regard to supervisory reporting of institutions according to CRR published on O.J. of the EU

Created
Monday, 30 June 2014

                                                                    28 June 2014

 

Commission Implementing Regulation (EU) No 680/2014 of 16 April 2014 laying down ITS with regard to supervisory reporting of institutions according to Regulation (EU) No 575/2013 of the EP and of the Council has been published on O.J. of the European Union.

This Regulation entered into force on 29 June 2014.

 

Related document

Commission Implementing Regulation (EU) No 680/2014

The FSB establishes the Global Legal Entity Identifier Foundation

Created
Monday, 30 June 2014

                                                                    30 June 2014

 

The FSB Plenary, in its capacity as Founder of the Global Legal Entity Identifier Foundation, approved the necessary documents to create the GLEIF and is filing the papers with the Swiss authorities to establish the GLEIF as a Swiss not for profit Foundation. The establishment of the GLEIF will mark the completion of the establishment of the 3-tier structure for the Global LEI System (GLEIS) as endorsed by FSB and the G-20 in June 2012.

Related document

Press release

Dodd Frank Act: SEC publishes proposed rule on recordkeeping and reporting requirements for Security-Based Swap Dealers

Created
Friday, 27 June 2014

                                                                   27 June 2014

 

In accordance with the Dodd-Frank Act, the Securities and Exchange Commission, pursuant to the Securities Exchange Act of 1934, is proposing recordkeeping, reporting, and notification requirements applicable to security-based swap dealers (SBSDs) and major security-based swap participants, securities count requirements applicable to certain SBSDs, and additional recordkeeping requirements applicable to broker-dealers to account for their security-based swap and swap activities.

Comments should be received on or before July 1, 2014

Related document

Proposed rule

 

EIOPA publishes consultation paper on the proposal for Guidelines on the use of LEI

Created
Friday, 27 June 2014

                                                                    27 June 2014

 

EIOPA consulted on the proposal for guidelines on the use of the Legal Entity Identifier (LEI).

The EIOPA invites market participants and all the other interested parties to provide their feedback on its draft Guidelines related to the use of the LEI.

It has been recognised that the lack of a commonly used identifier has a negative impact on the quality of data collection, storage and dissemination, making these processes costly and less efficient for national supervisors and EIOPA. The purpose of the current draft Guidelines is to facilitate the use of LEIs as unique identification codes for (re)insurance undertakings as well as for institutions for occupational retirement provision.

Related documents

Press release

Consultation paper

EBA consults on technical standards on the permanent and temporary uses of the IRB approach

Created
Friday, 27 June 2014

                                                                    26 June 2014

 

The EBA launched a consultation on its draft Regulatory Technical Standards specifying the conditions for the permanent and temporary uses of the Standardised Approach (SA) by institutions that have received permission to use the Internal Ratings Based (IRB) Approach.

The RTS proposed by the EBA build on Article 148(1) of the CRR which requires that institutions implement the IRB Approach for all exposures, unless they have received the permission of competent authorities to use the Standardised Approach.

Related documents

Press release

Consultation paper

Commission Implementing Regulation (EU) No 710/2014 laying down ITS with regard to conditions of application of the joint decision process for institution-specific prudential requirements published in the O.J. of the EU.

Created
Friday, 27 June 2014

                                                                    27 June 2014

 

Commission Implementing Regulation (EU) No 710/2014 of 23 June 2014 laying down implementing technical standards with regard to conditions of application of the joint decision process for institution-specific prudential requirements according to Directive 2013/36/EU (CRD IV) has been published in the Official journal of the E.P.

This regulation shall enter into force on 17 July 2014.

Related document

Commission Implementing Regulation (EU) No 710/2014


  • Last Update: Thursday 24 July 2014, 16:41.
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Countdown to Single Supervisory Mechanism in EU

The establishment of the SSM on 4th November 2014 will be an important milestone towards a banking union in Europe.

102 Days

Link:
European Central Bank: Banking Supervision

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