CEE Webinar:

UK Mortgage Loan Market Expectations

Assessing ESG Risks Across Company Types

CIS Economic and Credit Outlook

ECB Publishes Guide for Determining Penalties for Regulatory Breaches

ECB published a guide that outlines the principles and methods for calculating the penalties for regulatory breaches of prudential requirements by banks.

ACPR Announces New Data Collection Application for Banks and Insurers

ACPR announced that a new data collection application, called DLPP (Datalake for Prudential), for collecting banking and insurance prudential data will go into production on April 12, 2021.

BCB Maintains CCyB at 0%, Initiates First Cycle of Regulatory Sandbox

BCB announced that the Financial Stability Committee decided to maintain the countercyclical capital buffer (CCyB) for Brazil at 0%, at least until the end of 2021.

EIOPA Launches Study on Non-Life Underwriting Risk in Internal Models

EIOPA has launched a European-wide comparative study on non-life underwriting risk in internal models, also kicking-off of the data collection phase.

SRB Publishes Overview of Resolution Tools Available in Banking Union

SRB published an overview of the resolution tools available in the Banking Union and their impact on a bank's ability to maintain continuity of access to financial market infrastructure services in resolution.

EBA Consults on Pillar 3 Disclosure Standards for ESG Risks Under CRR

EBA is consulting on the implementing technical standards for Pillar 3 disclosures on environmental, social, and governance (ESG) risks, as set out in requirements under Article 449a of the Capital Requirements Regulation (CRR).

ESAs Issue Advice on KPIs on Sustainability for Nonfinancial Reporting

ESAs Issue Advice on KPIs on Sustainability for Nonfinancial Reporting

EU Amends CRD4 and CRD5 as Part of Capital Markets Recovery Package

EU published Directive 2021/338, which amends the Markets in Financial Instruments Directive (MiFID) II and the Capital Requirements Directives (CRD 4 and 5) to facilitate recovery from the COVID-19 crisis.

HM Treasury Issues Report on Independent Review of UK Fintech Sector

HM Treasury published a report on independent review of the fintech sector in UK.

ECB Issues Opinion on German Law on Outsourcing Arrangements by Banks

On request from the German Ministry of Finance, ECB delivered an opinion, containing its observations, on a draft law that concerns the supervision of outsourcing arrangements by BaFin.

EBA Publishes Single Rulebook Q&A Updates in February 2021

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

ESMA Releases Schema and Instructions for Securitization Reporting

ESMA updated the set of questions and answers (Q&A), along with the reporting instructions and an XML schema for the templates set out in the technical standards on disclosure requirements, under the Securitization Regulation.

EU Rule Amends Requirement for European Single Electronic Format

EU published Regulation 2021/337, which amends the Transparency Directive (2004/109/EC), regarding the use of the single electronic reporting format for annual financial reports.

ECB Offers Opinion on Estonian Law Transposing CRD5, CRR2, and BRRD2

ECB published an opinion on the liability and audit of the national supervisory authority, the establishment of small credit institutions, and requirements on key function holders of credit institutions in Estonia.

BaFin to Keep Countercyclical Capital Buffer at 0% Until End of 2021

Developments at a meeting of the Financial Stability Committee of BaFin indicate that the Committee does not intend to increase the countercyclical capital buffer (CCyB) from 0% until the end of 2021.

EU Committee Recommends Systemic Risk Buffer of 4.5% in Norway

The Standing Committee of the European Free Trade Association (EFTA) recommended that a systemic risk buffer level of 4.5% for domestic exposures can be considered appropriate for addressing the identified systemic risks to the stability of the financial system in Norway.

PRA Clarifies Approach to Onshoring of Credit Risk Rules for UK Banks

In a recent statement, PRA clarified its approach to the application of certain EU regulatory technical standards and EBA guidelines on standardized and internal ratings-based approaches to credit risk, following the end of the Brexit transition.

ESAs Issue Statement on Application of Sustainability Disclosures Rule

ESAs published a joint supervisory statement on the effective and consistent application and on national supervision of the regulation on sustainability-related disclosures in the financial services sector (SFDR).

EC Consults on Crisis Management and Deposit Insurance Frameworks

EC published a public consultation on the review of crisis management and deposit insurance frameworks in EU.

ACPR Releases Supporting Information for Reporting Under RUBA Taxonomy

ACPR published information on the tables expected under RUBA reporting, by category of establishment, frequency, and deadline.

Bundesbank on Submission of AnaCredit Contractual Partner Master Data

Bundesbank published Circular No. 10/2021, which provides information on submission of contractual partner master data and credit data reports related to AnaCredit reporting.

EU Publishes Corrigendum to Revised Capital Requirements Regulation

EU published, in the Official Journal of the European Union, a corrigendum to the revised Capital Requirements Regulation (CRR2 or Regulation 2019/876).

PRA Identifies Error in Remuneration Part of the Rulebook

PRA has identified error in the “higher paid material risk taker” definition in Rule 1.3 in the Remuneration Part of the PRA Rulebook, which was introduced as part of the PRA implementation of the fifth Capital Requirements Directive (CRD5).

EBA Proposes Standards for Supervisory Cooperation Under IFD

EBA launched consultations on the regulatory and implementing technical standards on cooperation and information exchange between competent authorities involved in prudential supervision of investment firms.

BoE Addresses Banks in Scope of First Resolvability Assessment

BoE issued a letter to the CEOs of eight major UK banks that are in scope of the first Resolvability Assessment Framework (RAF) reporting and disclosure cycle.

Global Economic Outlook

After a soft end to 2020 and a difficult start in 2021, the global economic recovery is projected to gain momentum in the coming year supported by the coronavirus vaccine rollout.