EBA updated the list of closely correlated currencies that was originally published in December 2013 and updated in October 2016. The list is part of the implementing technical standards (ITS) that were drafted for calculating the capital requirements for foreign-exchange risk according to the standardized rules. The list was updated according to the procedure and methodology laid down in the ITS and submitted to EC for endorsement. For this purpose, implementing Regulation (EU) 2015/2197 is being amended by replacing the text in the Annex with the updated list of correlated currencies. This regulation shall enter into force on the on the twentieth day following that of its publication in the Official Journal of the European Union.
- Press Release
- Updated ITS (PDF)
- Annex 1: Updated Currencies List (PDF)
- ITS on Closely Correlated Currencies
Keywords: Europe, Banking, Implementing Technical Standards, Correlated Currencies, Regulation 2015/2197, EBA
Previous ArticleNCUA Amends Regulations on Capital Planning and Stress Testing
APRA updated the lists of the Direct to APRA (D2A) validation and derivation rules for authorized deposit-taking institutions, insurers, and superannuation entities.
EC adopted a package that includes the digital finance and retail payments strategies and the legislative proposals for regulatory frameworks on crypto-assets and digital operational resilience.
ECB published an opinion (CON/2020/22) on proposals for regulations amending the securitization framework of EU, in response to the COVID-19 pandemic.
FCA is consulting on its approach to the authorization and supervision of international firms operating in UK.
MAS published amendments to Notice 637 on the risk-based capital adequacy requirements for reporting banks incorporated in Singapore.
FCA announced that it will move firms to RegData from Gabriel in the coming months in stages, based on the reporting requirements of firms.
ISDA issued a letter to regulators to flag that it now expects the supplement to the 2006 ISDA Definitions and the Interbank Offered Rate (IBOR) Fallbacks Protocol to be effective around mid- to late-January 2021.
APRA has concluded its review of the comprehensive plans of authorized deposit-taking institutions for the assessment and management of loans with repayment deferrals.
ESAs (EBA, EIOPA, and ESMA) published the first joint report that assesses risks in the financial sector since the outbreak of the COVID-19 pandemic.
BoE and HM Treasury confirmed that the COVID Corporate Financing Facility (CCFF) will close for new purchases of commercial paper, with effect from March 23, 2021.