Featured Product

    EC Amends Rule on Disclosure of Exposures to Interest Rate Risk

    April 19, 2022

    The European Commission (EC) published the Implementing Regulation 2022/631 on disclosure of exposures to interest rate risk on positions not held in the trading book. Regulation 2022/631 amends the implementing technical standards laid down in the Implementing Regulation (EU) 2021/637. Regulation 2022/631 shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union—that is, on May 09, 2022.

    To ensure that institutions disclose comprehensive and comparable information on IRRBB, a table containing qualitative information on interest rate risks of non-trading book activities and a template containing quantitative information on interest rate risks of non-trading book activities has been laid down in Regulation 2022/631. In addition, Regulation 2022/631 also provides the instructions for these disclosure templates on interest rate risk on positions not held in the trading book. Where institutions disclose information in accordance with Regulation 2022/631 for the first time, disclosure of that information related to the previous reference date shall not be required

    In December 2019, the Basel Committee on Banking Supervision (BCBS) had reviewed its Pillar 3 framework, including the disclosure requirements on interest rate risk in the banking book (IRRBB). In line with the development of the international standards agreed by BCBS, IRRBB disclosure requirements, applicable from June 2021, were introduced in Article 448 of the Capital Requirements Regulation or CRR (575/2013). Regulation 2021/637 needed to be revised to incorporate the new implementing technical standards on the public disclosures of the IRRBB information set out in Article 448 of CRR; therefore, Regulation 2021/637 has been amended via Regulation 2022/631.


    Related Link: Regulation 2022/631

    Keywords: Europe, EU, Banking, IRRBB, Disclosures, Interest Rate Risk, Basel, CRR, Implementing Technical Standards, Pillar 3, EC, Reporting, Headline

    Featured Experts
    Related Articles

    ESAs Issue Multiple Regulatory Updates for Financial Sector Entities

    The three European Supervisory Authorities (ESAs) issued a letter to inform about delay in the Sustainable Finance Disclosure Regulation (SFDR) mandate, along with a Call for Evidence on greenwashing practices.

    November 15, 2022 WebPage Regulatory News

    ISSB Makes Announcements at COP27; IASB to Propose IFRS 9 Amendments

    The International Sustainability Standards Board (ISSB) of the IFRS Foundations made several announcements at COP27 and with respect to its work on the sustainability standards.

    November 10, 2022 WebPage Regulatory News

    IOSCO Prioritizes Green Disclosures, Greenwashing, and Carbon Markets

    The International Organization for Securities Commissions (IOSCO), at COP27, outlined the regulatory priorities for sustainability disclosures, mitigation of greenwashing, and promotion of integrity in carbon markets.

    November 09, 2022 WebPage Regulatory News

    EBA Finalizes Methodology for Stress Tests, Issues Other Updates

    The European Banking Authority (EBA) issued a statement in the context of COP27, clarified the operationalization of intermediate EU parent undertakings (IPUs) of third-country groups

    November 09, 2022 WebPage Regulatory News

    OSFI Sets Out Work Priorities and Reporting Updates for Banks

    The Office of the Superintendent of Financial Institutions (OSFI) published an annual report on its activities, a report on forward-looking work.

    November 07, 2022 WebPage Regulatory News

    APRA Finalizes Changes to Capital Framework, Issues Other Updates

    The Australian Prudential Regulation Authority (APRA) finalized amendments to the capital framework, announced a review of the prudential framework for groups.

    November 03, 2022 WebPage Regulatory News

    BIS Hub and Central Banks Conduct CBDC and DeFI Pilots

    The Bank for International Settlements (BIS) Innovation Hubs and several central banks are working together on various central bank digital currency (CBDC) pilots.

    November 03, 2022 WebPage Regulatory News

    ECB Sets Deadline for Banks to Meet Its Climate Risk Expectations

    The European Central Bank (ECB) published the results of its thematic review, which shows that banks are still far from adequately managing climate and environmental risks.

    November 02, 2022 WebPage Regulatory News

    ESAs, ECB, & EC Issue Multiple Regulatory Updates for Financial Sector

    Among its recent publications, the European Banking Authority (EBA) published the final standards and guidelines on interest rate risk arising from non-trading book activities (IRRBB)

    October 31, 2022 WebPage Regulatory News

    EC Adopts Final Rules Under CRR, BRRD, and Crowdfunding Regulation

    The European Commission (EC) recently adopted regulations with respect to the calculation of own funds requirements for market risk, the prudential treatment of global systemically important institutions (G-SIIs)

    October 26, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8582