Feed Entries

Latest news of financial regulation

Total: 4945 itemsDisplaying: 41 - 60 items Page 3 of 248

The EBA consults on passport notifications for mortgage credit intermediaries

Created
Wednesday, 10 June 2015

                                                                  05 June 2015

 

The European Banking Authority (EBA) launched a consultation on the draft guidelines for passport notifications for mortgage credit intermediaries under the Mortgage Credit Directive. The Guidelines will ensure that information about credit intermediaries that carry out business in one or more Member States is exchanged consistently between the national authorities of the home and host Member States respectively.

The consultation will run until 4 July 2015.

Related documents

Press release

Consultation paper

Directive (EU) 2015/849 and Regulation (EU) 2015/847 on anti-money laundering published on the O.J. of the E.U.

Created
Wednesday, 10 June 2015

                                                                  05 June 2015

 

Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing and Regulation (EU) 2015/847 on information accompanying transfers of funds have been published on the O.J. of the E.U.

The directive and the regulation shell enter into force on 26 June 2015.

Member States shall bring into force the laws, regulations and administrative provisions necessary to comply with Directive by 26 June 2017. They shall immediately communicate the text of those measures to the Commission.

Related documents

Directive (EU) 2015/849

Regulation (EU) 2015/847

Briefing note

AML global alignment: Two steps forward, one step back (PricewaterhouseCoopers)

 

EMIR: ESMA publishes the list of registered trade repositories

Created
Wednesday, 10 June 2015

                                                                  28 May 2015

 

ESMA published the list of registered trade repositories. The list is published by ESMA in accordance with Article 59(3) of EMIR and it is updated within five working days following the adoption of a registration decision.

Related document

List

Solvency II: EIOPA publishes the technical information on the relevant risk free interest rate term structure

Created
Monday, 08 June 2015

                                                                  08 June 2015

 

The European Insurance and Occupational Pensions Authority (EIOPA) published the technical information on the relevant risk free interest rate term structures to be applied by (re)insurance undertakings in the calculation of their technical provisions with reference to the end of May 2015. EIOPA also updated the list of answers to frequently asked questions with some refinements on the RFR calculations.

Related documents

Technical document

Q&A

Bank capital requirements: PRA publishes statements on CRD IV

Created
Monday, 08 June 2015

The Prudential Regulation Authority (PRA) published:

Supervisory statement on its approach to supervising liquidity and funding risks

-  Policy statement on liquidity

Related documents

Press release

Supervisory statement

Press release

Policy statement

Bank capital requirements: EBA publishes final draft standards on assessment methodologies to use advanced measurement approaches for operational risk

Created
Monday, 08 June 2015

                                                                  05 June 2015

 

The European Banking Authority (EBA) published its final draft regulatory technical standards, which specify the criteria that competent authorities need to take into account before granting institutions permission to use advanced measurement approaches for calculating their capital requirements for operational risk.

 

 

Related documents

Press release

Final report

Credit rating agencies: IOSCO publishes good practices on reducing reliance on CRAs in asset management

Created
Monday, 08 June 2015

                                                                  08 June 2015

 

The International Organization of Securities Commissions (IOSCO) published its final report on good practices on reducing reliance on credit rating agencies in asset management, which provides a set of good practices for reducing over-reliance on external credit ratings in the asset management industry.

 

 

Related documents

Press release

Final report

 

Risk management: Basel Committee consults on interest rate risk in the banking book

Created
Monday, 08 June 2015

                                                                  08 June 2015

 

The Basel Committee on Banking Supervision (BCBS) issued a consultative document on the risk management, capital treatment and supervision of interest rate risk in the banking book. This consultative document expands upon and is intended to ultimately replace the Basel Committee's 2004Principles for the management and supervision of interest rate risk.

Consultation will run until11 September 2015.

Related documents

Press release

Consultation paper

European Council publishes the final compromise text on payment services directive

Created
Thursday, 04 June 2015

                                                                  02 June 2015

 

The EU Council published the final compromise text of the recast Payment Services Directive (PSD 2) following a provisional agreement reached between the EU Council, EU Parliament and EU Commission at trilogue negotiations on 5 May 2015.

Related document

Final compromise text

European Commission extends transitional period for capital requirements for banks' exposures to CCPs

Created
Thursday, 04 June 2015

                                                                  04 June 2015

 

The European Commission adopted an implementing act that will extend the transitional period for capital requirements for EU banking groups’ exposures to central counterparties (CCPs) under the Capital Requirements Regulation (CRR). The current transitional period expires on 15 June 2015.

 

 

Related documents

Press release

Regulation

PRA publishes supervisory statement on supervisory approval for the volatility adjustment

Created
Wednesday, 03 June 2015

The PRA published supervisory statement on supervisory approval for the volatility adjustment (VA). In particular, the statement clarifies the items that should be included in an application to use the VA; how the PRA will use the content of applications to assess whether the statutory conditions for approval to use the VA have been satisfied; and how the VA approval process will work.

Related documents

Press release

Supervisory statement

PRA consults on internal model reporting codes and components and life product codes

Created
Wednesday, 03 June 2015

                                                                  01 June 2015

 

The Prudential Regulation Authority (PRA) consulted on internal model reporting codes and components and life product codes.

The consultation will run until 10 July 2015.

Related documents

Press release

Consultation paper

Commission Delegated Regulation (EU) 2015/850 with regard to regulatory technical standards for own funds requirements for institutions published in the O.J. of EU.

Created
Wednesday, 03 June 2015

                                                                  02 June 2015

 

Commission Delegated Regulation (EU) 2015/850 supplementing Regulation (EU) No 575/2013 on prudential requirements for credit institutions and investment firms (Capital Requirements Regulation - CRR) with regard to regulatory technical standards for own funds requirements for institutions has been published in the O.J. of EU.

This regulation shall enter into force on 22 June 2015.

Related document

Commission Delegated Regulation (EU) 2015/850

EBA issues final guidelines and its opinion on mortgage creditworthiness assessments and arrears and foreclosure.

Created
Wednesday, 03 June 2015

                                                                  02 June 2015

 

The EBA issued its final Guidelines on creditworthiness assessment, as well as its final Guidelines on arrears and foreclosure. These Guidelines support the national implementation by Member States of the forthcoming Mortgage Credit Directive (MCD). They will ensure that consumers are protected consistently across the European Union when interacting with creditors. The Guidelines apply from 21 March 2016, the transposition date of the MCD. As a further support to the implementation of the MCD, the EBA also published today the Opinion on Good Practices for Mortgage Creditworthiness Assessments and Arrears and Foreclosure, including expected mortgage payment difficulties.

Related documents

Press release

Final Guidelines on arrears and foreclosure

Final Guidelines on creditworthiness assessment

Opinion on good practices for mortgages

Guideline (EU) 2015/856 of the ECB laying down the principles of an ethics framework for the single supervisory mechanism published in the O.J. of EU.

Created
Wednesday, 03 June 2015

                                                                  02 June 2015

 

Guideline (EU) 2015/856 of the ECB of 12 March 2015 laying down the principles of an ethics framework for the single supervisory mechanism has been published in the O.J. of EU. This Guideline is addressed to the ECB and the national competent authorities.

Related document

Guideline (EU) 2015/856

The EC requests 11 Member States to apply EU rules on Bank Recovery and Resolution

Created
Wednesday, 03 June 2015

                                                                  28 May 2015

 

The European Commission has requested Bulgaria, the Czech Republic, France, Italy, Lithuania, Luxembourg, the Netherlands, Malta, Poland, Romania and Sweden to fully implement the Bank Recovery and Resolution Directive. This Directive (2014/59/EU) is a centrepiece of the EU’s Banking Union that was put in place to create a safer and sounder financial sector in the wake of the financial crisis.

Related document

Press release

Joint Forum release its report on developments in credit risk management across sectors

Created
Wednesday, 03 June 2015

                                                                  02 June 2015

 

The Joint Forum released its report on developments in credit risk management across sectors and put forth the following recommendations for consideration by supervisors:

Recommendation 1: Supervisors should be cautious against over-reliance on internal models for credit risk management and regulatory capital.

Recommendation 2: With the current low interest rate environment possibly generating a "search for yield" through a variety of mechanisms, supervisors should be cognisant of the growth of such risk-taking behaviours and the resulting need for firms to have appropriate risk management processes.

Recommendation 3: Supervisors should be aware of the growing need for high-quality liquid collateral to meet margin requirements for OTC derivatives sectors, and if any issues arise in this regard they should respond appropriately.

Recommendation 4: Supervisors should consider whether firms are accurately capturing central counterparty exposures as part of their credit risk management.

Related documents

Press release

Report

News & articles

Global regulators concerned over banks' own capital risk models (Reuters)

Agencies release statement on Dodd-Frank Act company-run stress tests at medium-sized financial companies

Created
Wednesday, 03 June 2015

                                                                  02 June 2015

 

Federal banking agencies reiterated the disclosure requirements for the annual stress tests conducted by financial institutions with total consolidated assets between $10 billion and $50 billion.

These medium-sized companies are required to conduct annual, company-run stress tests--implementing a provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act--with the results disclosed to the public for the first time this year.

Related documents

Press release

Attachment

Decision of the ECB identifying the credit institutions that are subject to a comprehensive assessment published in the O.J. of EU

Created
Friday, 29 May 2015

                                                                  29 May 2015

 

Decision (EU) 2015/839 of the European Central Bank of 27 April 2015 identifying the credit institutions that are subject to a comprehensive assessment has been published in the O.J of EU

This Decision shall entered into force on 6 May 2015.

Related document

Decision (EU) 2015/839

EBA publishes guidelines on contributions and payment commitments to deposit guarantee scheme

Created
Friday, 29 May 2015

                                                                  29 May 2015

 

The EBA published its final guidelines on contributions to deposit guarantee schemes and on payment commitments. The objective of the DGSD is to increase the resilience of deposit guarantee schemes (DGSs) and improve depositors' access to compensation

The EBA Guidelines on risk-based contributions set forward methods for calculating ex-ante contributions to DGSs that are adjusted to the risk profile of each credit institution, thus promoting risk discipline and addressing moral hazard.

Related documents

Press release

Guidelines on DGS payment commitments

Guidelines on methods for calculating contributions to DGS

  • Last Update: Monday 06 July 2015, 16:28.

NOTE! This site uses cookies and similar technologies.

If you not change browser settings, you agree to it. Learn more

I understand
IstEin - Istituto Einaudi IstEin - Istituto Einaudi