Climate Hazard Modelling

Russia's recovery and beyond:

Are We in a Housing Bubble?

The single-family market is hot, with house prices surging in much of the country. Is the market a bubble?

Credit risks in the face of cyber and other emerging threats

As banks and non-bank financial institutions (NBFIs) embrace the evolving digitisation of financial services and become more interconnected through various partnerships, risk controls have become increasingly important as cyber risk and other security threats have grown.

PRA Proposes Changes to Consolidated Prudential Rules Under CRD5/CRR2

PRA proposed rules (in CP12/21) for the application of existing consolidated prudential requirements to financial holding companies and mixed financial holding companies that have been approved or designated in accordance with Part 12B of the Financial Services and Markets Act 2000 (FSMA).

ECB Extends Leverage Ratio Relief for Banks Until March 2022

ECB Banking Supervision announced that euro area banks it directly supervises may continue to exclude certain central bank exposures from the leverage ratio until March 2022.

NGFS on Addressing Financial Stability Issues from Biodiversity Loss

The NGFS Study Group on Biodiversity and Financial Stability published a Vision paper exploring the case for action in addressing the financial stability concerns arising from biodiversity loss.

ACPR Publishes CREDITIMMO Version 2.3.0 Taxonomy for Banks

ACPR published the final version of CREDITIMMO 2.3.0 taxonomy for the decree of October 31, 2021.

EC Prolongs Italian Guarantee Scheme for Non-Performing Loans

EC, has approved, under the EU State Aid rules, the fourth prolongation of the Italian guarantee scheme to facilitate the securitization of non-performing loans.

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

ECB Amends Guideline on Temporary Collateral Easing Measures

ECB published Guideline 2021/975, which amends Guideline ECB/2014/31, on the additional temporary measures relating to Eurosystem refinancing operations and eligibility of collateral.

EIOPA Releases Report on Artificial Intelligence Governance Principles

EIOPA published a report, from the Consultative Expert Group on Digital Ethics, that sets out artificial intelligence governance principles for an ethical and trustworthy artificial intelligence in the insurance sector in EU.

BoE and PRA Publish Annual Reports for 2020-21

BoE and PRA published their annual reports and accounts for the period of March 01, 2020 to February 28, 2021.

EC Consults on Improving Transparency in Secondary Markets for NPLs

EC launched a targeted consultation to improve transparency and efficiency in the secondary markets for nonperforming loans (NPLs).

EC Releases Sustainable Finance Taxonomy Compass

EC released the EU Taxonomy Compass, which visually represents the contents of the EU Taxonomy starting with the EU Taxonomy Climate Delegated Act.

BoE-FCA and OCC Issue Statements on LIBOR Transition

In a recent statement, BoE and FCA supported and encouraged liquidity providers in the USD linear interest rate swaps market to adopt new trading conventions for interdealer trading based on Secured Overnight Financing Rate (SOFR), instead of on London Interbank Offered Rate (LIBOR), from July 26, 2021.

EIOPA to Consider Liquidity Risk in Stress Test for 2021

EIOPA published its annual report, which sets out the work done in 2020 and indicates the planned work areas for the coming months.

ESRB Paper Discusses Measurement of Impact of Bank Failure via Lending

The ESRB paper that presents an analytical framework that assesses and quantifies the potential impact of a bank failure on the real economy through the lending function.

CNB Examines Financial Sector Stability, Increases CCyB Rate to 1%

The CNB Board decided to increase the countercyclical capital buffer (CCyB) rate to 1%, with effect from July 01, 2022.

SRB Discusses Resolution Cycle and MREL Policy During Industry Dialog

SRB held the twelfth Industry Dialog, which brings together several stakeholders at the EU and national levels, including the national resolution authorities, EC, European Parliament, and ECB.

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.

Danish FSA to Implement Net Stable Funding Ratio in Denmark

Danish FSA announced that the funding ratio benchmark will be deleted from the DFSA supervisory requirements for banks because the purpose of this benchmark will, in future, be covered by the net stable funding ratio (NSFR) requirement.

FCA Announces List of Firms for Cohort Seven of Regulatory Sandbox

FCA announced the list of 13 firms that have been accepted into cohort seven of the regulatory sandbox to test innovative products and services.

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).