ESG et Changement Climatique

How to perform FTP and IRR Stress Testing post IBOR transition

The next episode of the Practical Steps in Solving ALM Problems will walk you through a ‘how to' on he new benchmark curve inputs for FTP and IRRBB

ESRB Recommends Reciprocation of Certain Macroprudential Measures

ESRB published recommendations on the reciprocation of macro-prudential measures in Belgium, France, Luxembourg, Norway, and Sweden.

EC Publishes Regulation on Key Aspects of Implementation of SA-CCR

EC published the Delegated Regulation 2021/931, which supplements the Capital Requirements Regulation (CRR or Regulation 575/2013) with regard to the regulatory technical standards specifying the method for identifying derivative transactions with one or more than one material risk driver.

EBA Revises List of Validation Rules for Reporting

EBA issued a revised list of validation rules under the implementing technical standards on supervisory reporting.

ESAs Publish Amended Implementing Standards on Mapping of ECAIs

ESAs published two amended implementing technical standards on the mapping of credit assessments of External Credit Assessment Institutions (ECAIs).

EBA Revises Guidelines on Major Incident Reporting Under PSD2

EBA published revised guidelines on major incident reporting under the Payment Service Directive (PSD2).

European Council Endorses Strategy on Adaptation to Climate Change

The European Council approved the conclusions on forging a climate-resilient Europe, thus endorsing a new strategy that outlines long-term vision for the EU become a climate-resilient and to fully adapt to the unavoidable impact of climate change by 2050.

EC Issues List of Indicators to Monitor Progress in EU Capital Markets

EC published a list of indicators to help track developments of capital markets and measure progress achieved by the Capital Markets Union policy of EU.

EC Finalizes Standards to Identify Material Risk-Takers Under CRD

EC published the Delegated Regulation 2021/923, which supplements Capital Requirements Directive (CRD IV or Directive 2013/36/EU).

HM Treasury Establishes New Group on Green Investments Advisory

HM Treasury announced the appointment of the Green Technical Advisory Group, which is a new independent expert group to advise government on standards for green investment.

ACPR Issues New Version of Functional Business Cards in June 2021

ACPR announced that a new version of the "Functional Business Cards" has been made available on June 08, 2021 on the OneGate portal.

BoE Publishes Key Elements of Climate Biennial Exploratory Scenario

BoE published the Climate Biennial Exploratory Scenario (CBES) to explore the financial risks posed by climate change for the largest UK banks and insurers.

ESRB Publishes Member State Notifications on Macro-Prudential Measures

The Danish Financial Supervisory Authority (DFSA), the National Committee for Macroprudential Oversight in Romania, and the Central Bank of Cyprus notified EU authorities about the application of certain macro-prudential measures in their respective jurisdictions.

MNB Includes Environmental Sustainability in its Statutory Objectives

MNB has included the promotion of environmental sustainability in its statutory objectives, based on the decision of the Parliament.

EBA Sets Out Recommendations to Reduce Supervisory Reporting Costs

EBA published a report that sets out 25 recommendations for reducing the compliance costs associated with supervisory reporting requirements, primarily for small and non-complex institutions.

EBA Proposes Rules on Calculation of Threshold for Investment Firms

EBA launched a second consultation on the draft regulatory technical standards on calculation of the threshold for investment firms.

EBA Updates List of Risk Indicators and Risk Analysis Tools

EBA published an updated list of indicators for risk assessment and risk analysis tools, along with the accompanying methodological guide.

PRA Finalizes Approach to Overseas IRB Credit Risk Models

PRA published the policy statement PS13/21 that contains final policy on the approach to overseas internal ratings-based (IRB) models for credit risk.

EC Welcomes Agreement on Rules on Secondary Market for NPLs

EC welcomes the political agreement between the European Parliament and the Council on the proposal for a Directive on credit servicers and credit purchasers.

G7 Discusses Actions to Tackle Climate Change

HM Treasury published a Communique on the meeting of the G7 Finance Ministers in June 2021.

EBA consults on technical standards on crowdfunding service providers

EBA launched a consultation on the regulatory technical standards specifying the information that must be provided to keep investors appropriately informed about their risk exposure with respect to the individual portfolio management of loans.

ECB Issues Opinion on Proposed Rule on Digital Operational Resilience

ECB published an opinion on the proposal for a regulation on digital operational resilience for the financial sector.

PRA Consults on Rules for Nonperforming Exposure Securitization

PRA published the consultation paper CP10/21 on the capital treatment of nonperforming exposure securitizations by the Capital Requirements Directive (CRD) firms.

EBA Issues Erratum for Technical Package on Reporting Framework 3.0.1

EBA published an erratum for the technical package on the reporting framework 3.0.1.

EBA Supports Extension of Tighter Large Exposure Limits in France

EBA published an opinion after the French macro-prudential authority, HSCF, notified EBA about its intention to extend, for a second time, a measure introduced in 2018 to safeguard the resilience of systemic institutions from excessive risk-taking and to prevent the build-up of future vulnerabilities.

EBA Annual Report Outlines Strategic Priorities for 2021

EBA published the annual report for 2020.

EBA Updates Standards for Benchmarking of Internal Approaches

EBA published an update to the implementing technical standards on benchmarking of internal approaches.

Central Bank of Ireland Sets Out Strategic Priorities for 2021

The Central Bank of Ireland published the annual report for 2020, along with the two research pieces that will help inform its approach to tackling the climate risks.

PRA and FCA Call for Better Delivery Versus Payment Risk Controls

PRA and FCA issued letter to Chief Risk Officers of regulated firms sharing observations on good practices for monitoring and mitigating counterparty credit risks in relation to Delivery versus Payment, or DvP, clients.