Featured Product

    EBA Issues Erratum for Phase 2 Package of Reporting Framework 3.0

    April 08, 2021

    EBA published an erratum for the technical package on phase 2 of the reporting framework 3.0. The corrections are mainly in the taxonomy files in M 02.00.a of the minimum requirement for own funds and eligible liabilities (MREL) and the total loss-absorbing capacity (TLAC), where EBA has addressed the issue of reportable grey cells. In this context, EBA has updated the Data Point Model (DPM) database 3.0, XBRL taxonomy files and supporting documentation, taxonomy package 3.0, and sample files 3.0.

    The EBA reporting framework 3.0 comprises amendments linked to the revised Capital Requirements Directive and Regulations (CRR2 and CRD5), the revised Bank Resolution and Recovery Directive (BRRD2), and the Investment Firms Regulation (IFR). This version of the reporting framework is expected to apply from June 30, 2021. The main changes compared to the previous version of the EBA reporting framework relate to the following:

    • New implementing technical standards on supervisory reporting replacing Regulation (EU) No 680/2014, including new reporting requirements and changes to the reporting on own funds (including backstop for non-performing exposures), credit risk and counterparty credit risk, large exposures, leverage ratio, net stable funding ratio, FINREP, and global systemically important institution (G-SII) indicators
    • New implementing technical standards on specific reporting requirements for market risk (Fundamental Review of the Trading Book or FRTB reporting)
    • New implementing technical standards on disclosure and reporting of MREL and TLAC
    • Technical package for the implementing technical standards for the notification of impracticability of contractual recognition of the bail‐in clause
    • Technical package for the implementing technical standards on reporting decisions on MREL

     

    Related Links

    Keywords: Europe, EU, Banking, Reporting, Basel, Reporting Framework 3.0, MREL, TLAC, DPM, Taxonomy, CRR2, IFR, COREP, FINREP, Investment Firms, FRTB, EBA

    Featured Experts
    Related Articles
    News

    EBA Guide to Monitor Threshold for Intermediate Parent Undertakings

    The European Banking Authority (EBA) published the final guidelines on the monitoring of the threshold and other procedural aspects on the establishment of intermediate parent undertakings in European Union (EU), as laid down in the Capital Requirements Directive (CRD).

    July 28, 2021 WebPage Regulatory News
    News

    PRA Finalizes Approach to Supervision of International Banks

    In a recent Market Notice, the Bank of England (BoE) confirmed that green gilts will have equivalent eligibility to existing gilts in its market operations.

    July 26, 2021 WebPage Regulatory News
    News

    FCA Issues PS21/9 on Implementation of Investment Firms Regime

    The Financial Conduct Authority (FCA) published the policy statement PS21/9 on implementation of the Investment Firms Prudential Regime.

    July 26, 2021 WebPage Regulatory News
    News

    EBA Proposes Regulatory Standards to Identify Shadow Banking Entities

    The European Banking Authority (EBA) proposed regulatory technical standards that set out criteria for identifying shadow banking entities for the purpose of reporting large exposures.

    July 26, 2021 WebPage Regulatory News
    News

    IOSCO Proposes Recommendations on ESG Ratings and Data Providers

    The Board of the International Organization of Securities Commissions (IOSCO) proposed a set of recommendations on the environmental, social, and governance (ESG) ratings and data providers.

    July 26, 2021 WebPage Regulatory News
    News

    ESMA Group Issues Recommendations on RFR Switch in Interdealer Market

    The European Securities and Markets Authority (ESMA) published recommendations from the Working Group on Euro Risk-Free Rates (RFR) on the switch to risk-free rates in the interdealer market.

    July 26, 2021 WebPage Regulatory News
    News

    EC to Defer Application of SFDR Standards Till July 2022

    The European Commission (EC) announced plans to defer the application of 13 regulatory technical standards under the Sustainable Finance Disclosure Regulation (2019/2088) by six months, from January 01, 2022 to July 01, 2022.

    July 23, 2021 WebPage Regulatory News
    News

    EIOPA Consults on Reporting and Disclosures Under Solvency II

    The European Insurance and Occupational Pensions Authority (EIOPA) proposed to amend the supervisory statement on supervision of run-off undertakings that are subject to Solvency II regulation.

    July 23, 2021 WebPage Regulatory News
    News

    BoE Consults on Approach to Setting MREL, Publishes Bail-In Guidance

    The Bank of England (BoE) published a consultation paper on approach to setting minimum requirement for own funds and eligible liabilities (MREL), an operational guide on executing bail-in, and a statement from the Deputy Governor Dave Ramsden.

    July 22, 2021 WebPage Regulatory News
    News

    EBA Seeks Views on Proportionality Assessment Methodology

    The European Banking Authority (EBA) is seeking preliminary input on standardization of the proportionality assessment methodology for credit institutions and investment firms.

    July 22, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 7295