Regulatory Climate Change Stress Testing Scenarios

Bundesbank Publishes Supporting Documentation for Reporting by Banks

Bundesbank published a list of "EntryPoints" that are accepted in its reporting system; the list provides taxonomy version and name of the module against each EntryPoint.

ECB Working Group Publishes Recommendations on EURIBOR Fallbacks

The private sector working group of ECB on euro risk-free rates published the recommendations to address events that would trigger fallbacks in the Euro Interbank Offered Rate (EURIBOR)-related contracts, along with the €STR-based EURIBOR fallback rates (rates that could be used if a fallback is triggered).

EBA Publishes Phase 1 of Reporting Framework 3.1

EBA published the phase 1 of its reporting framework 3.1, with the technical package covering the new reporting requirements for investment firms (under the implementing technical standards on investment firms reporting).

ESMA Issues Guidelines on Outsourcing to Cloud Service Providers

ESMA published the final guidelines on outsourcing to cloud service providers.

EBA Publishes Data on Deposit Guarantee Schemes

EBA published annual data for two key concepts and indicators in the Deposit Guarantee Schemes (DGS) Directive—available financial means and covered deposits.

UK Government to Set Out Rules on Wind-down of Critical Benchmarks

HM Treasury notified that, after considering all responses, the government intends to bring forward further legislation, when the Parliamentary time allows, to address issues identified in the consultation on supporting the wind-down of critical benchmarks.

EIOPA Launches Stress Test for Insurance Sector in EU

EIOPA launched the 2021 stress test for the insurance sector in EU.

UK Authorities Publish Third Edition of Regulatory Initiatives Grid

UK authorities jointly published the third edition of Regulatory Initiatives Grid setting out the planned regulatory initiatives for the next 24 months.

EC Consults on Regulation on Non-Financial Sustainability Disclosures

EC is requesting feedback on the proposed Commission Delegated Regulation on the content, methodology, and presentation of information that large financial and non-financial undertakings should disclose about their environmentally sustainable economic activities under the Taxonomy Regulation.

ECB Updates Treatment of Leverage Ratio in Monetary Policy Framework

ECB published amendments to its monetary policy implementation guideline to give effect to the leverage ratio becoming a binding Pillar 1 own-funds requirement, under the Capital Requirements Regulation.

U.S. Macro & Regional Economic Outlook

The U.S. economy is booming and near-term prospects have rarely been as strong.

ACPR Publishes Version 1.0.0 of RUBA Taxonomy

ACPR published Version 1.0.0 of the RUBA taxonomy, which will come into force from the decree of January 31, 2022.

EBA Proposed Regulatory Standards for Central Database on AML/CFT

EBA proposed the regulatory technical standards on a central database on anti-money laundering and countering the financing of terrorism (AML/CFT) in EU.

ECB Responds to EC Consultation on Crisis Management Framework

ECB published its response to the targeted EC consultation on the review of the bank crisis management and deposit insurance framework in EU.

ECB Amends Decision on TLTRO III

ECB published Decision 2021/752 to amend Decision 2019/1311 on the third series of targeted longer-term refinancing operations or TLTRO III.

Central Bank of Ireland Issues Draft Template for AnaCredit Reporting

The Central Bank of Ireland published Version 2.7 of the draft credit data template and rules for monthly AnaCredit reporting by banks.

BaFin Publishes Supervisory Priorities for 2021 and FAQs on IFR

BaFin published its supervisory priorities for 2021, which include addressing the impact of the pandemic on supervised companies and financial markets, IT and cyber risks, and consumer protection issues.

EBA Seeks Views on Revisions to Nonperforming Loan Data Templates

EBA published a discussion paper on review of the standardized nonperforming loans (NPL) transaction data templates, along with the proposed revised NPL data templates.

Impact of COVID-19 on European RMBS/ABS: A Year into the Pandemic

Join our Structured Finance and Economics experts to learn more about the continued impact of COVID-19 on EMEA ABS and RMBS and to understand the approach behind the research.

ACPR Releases Results of Pilot Exercise on Assessment of Climate Risks

ACPR published the results of its "climate pilot exercise," which assesses the financial risks associated with climate change within the banking and insurance undertakings.

SRB Issues Guidance on Liquidity and Funding in Resolution

SRB published new guidance on liquidity and funding in resolution.

PRA Review Finds Most Banks Compliant with Regulatory Reporting Rules

PRA published a letter that sets out findings from the 2020 Internal Audit Review of the Collections function of a sample of non-systemic banks and building societies.

EIOPA Launches Consultation on Interbank Offered Rate Transitions

EIOPA launched a consultation on the Interbank Offered Rate (IBOR) transitions, in context of the EU Benchmarks Regulation.

EBA Publishes Single Rulebook Q&A Updates for April 2021

The EBA Single Rulebook question and answer (Q&A) tool updates for this month include answers to 36 questions.

ECB Updates Annexes to AnaCredit Reporting Manual in April 2021

ECB published the Annexes to the AnaCredit Reporting manual, which include Version 2.6 of the list of legal forms, version 2.8 of the list of national identifiers, version 1.6 of the list of international organizations, and the initial version of the list of postal code formatting rules and regular expressions per country.

EBA Proposes Standards to Determine Risk-Weight for Immovable Property

EBA proposed regulatory technical standards that specify how to identify the appropriate risk-weights and conditions when assessing minimum loss given default (LGD) values for exposures secured by immovable property.

EIOPA Seeks Feedback on Approach to Blockchain and Smart Contracts

EIOPA published a discussion paper on uses cases of, and the European approach to, blockchain and smart contracts in the insurance sector.

PRA Proposes Options for Regulatory Framework for Non-Systemic Banks

PRA published a discussion paper that explores options for developing a simpler but resilient prudential framework for banks and building societies that are neither systemically important nor internationally active.

ECB Issues Opinion on Proposal for Market Infrastructures Based on DLT

ECB published an opinion on the proposal for a regulation on the pilot regime for market infrastructures based on distributed ledger technology.