April 20, 2017
The Joint Committee of the ESAs (EBA, EIOPA, and ESMA) published its 2017 report on risks and vulnerabilities in the financial system in the EU. The report highlights risks to the stability of the European financial sector in an environment subject to political and economic uncertainties.
April 19, 2017
FSB published a report on its peer review of Brazil. The peer review examines trade reporting and its use in systemic risk monitoring, along with the regulation and supervision of investment funds. The review focused on the steps taken by the authorities to implement reforms in these areas, as these two areas are important for financial stability in the country. The report also includes recommendations to the Brazilian authorities on how to address the identified issues.
The European Parliament published an update on its progress in achieving the EU priorities for 2017. At the end of 2016, the European Parliament, Council, and Commission had signed, for the first time, a joint declaration setting out a list of legislative proposals that should be given priority in the year ahead. The EU institutions pledged to prioritize six key areas in 2017: employment and growth, social Europe, security, migration, the digital single market, and energy and climate change.
April 18, 2017
IASB published the agenda and discussion papers for its next meeting, which is to be held on 24 and 27 April 2017.
April 14, 2017
The Federal Housing Finance Agency (FHFA) issued Orders, dated March 03, 2017, with respect to stress test reporting as of December 31, 2016, under section 165(i)(2) of the Dodd-Frank Act. The agency also issued Summary Instructions and Guidance to provide testing scenarios.
April 13, 2017
ECB published a guideline and a recommendation addressed to national competent authorities about the exercise of options and national discretions available in EU law. This affects the less significant institutions (LSIs), which are banks directly supervised by the national competent authorities. Both the documents were subject to a public consultation from November 03, 2016 to January 05, 2017. ECB also published a feedback statement outlining how the comments in received were taken into consideration.
ESRB published a report that reviews the macro-prudential policy in the EU in 2016. This report gives a broad overview of the national measures that are of interest to macro-prudential authorities and that were adopted, or planned, in 2016. This report also discusses the assessment of vulnerabilities and policy stances in the residential real estate sector, drawing on the work done for the ESRB warnings. It also examines the cross-border dimension of macro-prudential policy and the role of reciprocity.
The IMF issued several technical notes as part of the Financial Sector Assessment Program (FSAP) for the Netherlands.
April 13, 2017
RBI issued the revised prompt corrective action (PCA) framework for banks. The PCA framework would apply to all banks operating in India, including small banks and foreign banks operating through branches or subsidiaries. The provisions of the revised PCA framework will be effective from April 01, 2017 based on the financials of the banks for the year ended March 31, 2017. The framework would be reviewed after three years.
April 12, 2017
APRA is seeking consultation on a discussion paper that sets out proposed revisions to its prudential framework on large exposures for authorized deposit-taking institutions. The consultation package released by APRA includes a draft revised Prudential Standard APS 221 Large Exposures (APS 221), along with the associated reporting standards, reporting forms, and reporting form instructions.