EBA Proposes Guidelines for Interpreting STS Securitization Criteria

By Regulatory News

April 20, 2018

EBA launched a public consultation on the draft guidelines that will provide a harmonized interpretation of the criteria for a securitization to be eligible as simple, transparent, and standardized (STS). The EBA guidelines will play a crucial role in the new EU securitization framework, by providing a point of consistent interpretation of the STS criteria to originators, sponsors, investors, and competent authorities throughout EU. The consultation runs until July 20, 2018.

The guidelines, developed for both non asset-backed commercial paper (ABCP) and ABCP securitization, clarify and ensure common understanding of all the STS criteria, including those related to the expertise of the originator and servicer, the underwriting of standards, exposures in default and credit impaired debtors, and predominant reliance on the sale of assets. The guidelines will be applied on a cross-sectoral basis throughout the EU. The guidelines have been developed according to Articles 19(2) and 23(3) of the Securitization Regulation, which mandates EBA, in close cooperation with ESMA and EIOPA, to adopt guidelines and recommendations on the harmonized interpretation and application of the criteria related to simplicity, transparency and standardization for the non-ABCP securitizations, and transaction-level and program-level criteria for the ABCP securitizations.

Related Links

Comment Due Date: July 20, 2018

Keywords: Europe, EU, Banking, Securitization, STS Securitization, ABCP Securitization, EBA

EBA Single Rulebook Q&A: Third Update for April 2018

BCBS Updates FAQ and Workbook on Basel III Monitoring

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News ECB Publishes Version 1.1 of AnaCredit Validation Checks ECB published Version 1.1 of the AnaCredit validation checks. This document supplements the AnaCredit reporting manual by explaining the main set of validation checks that will be performed to ensure that the quality of data is satisfactory. April 12, 2018 WebPage Regulatory News
News ESAs Issue Report on Risks and Vulnerabilities in EU Financial System ESAs published a joint committee report on risks and vulnerabilities in the EU financial system. April 12, 2018 WebPage Regulatory News
News FED Updates the Reporting Instructions for FR Y-15 and FR Y-14A/Q Among the FED information collections that have been under review, FED updated the reporting instructions for form FR Y-15, which is the banking organization systemic risk report. April 12, 2018 WebPage Regulatory News
News CBE Publishes Q&A on the Pre-Implementation of IFRS 9 CBE published a set of questions and answers (Q&A) on the pre-implementation of IFRS 9. April 12, 2018 WebPage Regulatory News
News BaFin Publishes Its Priorities on Insurance Supervision for 2018 BaFin published its priorities on insurance supervision for 2018. The insurance supervisory authority sets its priorities annually for the effective and efficient use of resources, in particular in the interests of risk-oriented supervision. April 12, 2018 WebPage Regulatory News
News PRA Issues Letter on Capital Extractions by Insurance Firms in Run-Off PRA published a letter to CEOs of insurance firms in run-off, reminding them that they should closely consider the supervisory statement SS4/14 on capital extractions by run-off firms within the general insurance sector when preparing a request for capital extraction for submission to PRA. April 12, 2018 WebPage Regulatory News
News Pentti Hakkarainen of ECB on Importance of Implementing EDIS in EU Pentti Hakkarainen of ECB spoke, at the European Bank Executive Committee Forum organized by BNP Paribas in Brussels, about how the euro area and the Banking Union are helping to facilitate financial integration. April 11, 2018 WebPage Regulatory News
News EC Issues Draft Report on Proposal Amending CRR and MiFIR EC issued a draft report on the proposal for a regulation on the prudential requirements of investment firms and amending Capital Requirements Regulation or CRR (No 575/2013), Markets in Financial Instruments Regulation or MiFIR (No 600/2014), and Regulation No 1093/2010. April 11, 2018 WebPage Regulatory News
News PRA Consults on Audit of Public Disclosure Requirement for Solvency II PRA published the consultation paper CP8/18 related to the external audit of the public disclosure requirement under Solvency II. April 11, 2018 WebPage Regulatory News
News PRA Consults on Modeling of Volatility Adjustment for Solvency II PRA published the consultation paper CP9/18, titled “Solvency II: Internal models – modeling of the volatility adjustment.” CP9/18 sets out the PRA proposal to consider applications from internal model firms that include a dynamic volatility adjustment (DVA). April 11, 2018 WebPage Regulatory News
News FED and OCC Propose to Further Tailor eSLR Requirements for G-SIBs FED and OCC proposed a rule that would further tailor leverage ratio requirements to the business activities and risk profiles of the largest domestic firms. April 11, 2018 WebPage Regulatory News
News ESMA Publishes Responses to its Consultations on Securitization ESMA published the responses received to its three consultations on securitization. These consultations are on disclosure and operational standards; simple, transparent, and standardized (STS) notification; and third-party firms providing STS verification services. April 11, 2018 WebPage Regulatory News
News ECB Publishes A Paper Examining the European Deposit Insurance Scheme ECB published an occasional paper that investigates the potential impact and appropriateness of several features of the European Deposit Insurance Scheme (EDIS) in the steady state. April 11, 2018 WebPage Regulatory News
News ECB Consults on Cyber Resilience Oversight Expectations for FMIs ECB launched a public consultation on the draft expectations for cyber resilience oversight for financial market infrastructures. April 10, 2018 WebPage Regulatory News
News Danièle Nouy of ECB on Improving Risk Appetite Frameworks of Banks Danièle Nouy of ECB spoke at the International Conference on Banks’ Risk Appetite Frameworks in Ljubljana. She defined the risk appetite framework and explained how to judge the quality of risk appetite frameworks. April 10, 2018 WebPage Regulatory News
News CPMI-IOSCO Publish Framework for Supervisory Stress Testing of CCPs CPMI and IOSCO published the framework for supervisory stress testing of central counterparties (CCPs). April 10, 2018 WebPage Regulatory News
News EBA Report on Benchmarking of Remuneration Practices in EU Banks EBA published its report on benchmarking of remuneration practices in EU banks for 2015 and 2016 (financial years) and high earners data for 2016. April 10, 2018 WebPage Regulatory News
News EBA Updates List of Correlated Currencies EBA updated the list of closely correlated currencies that was originally published in December 2013 and updated in October 2016. April 10, 2018 WebPage Regulatory News
News EC Adopts STS Securitization and ABCP Regulation Amending MMFR EC adopted a Commission Delegated Regulation on simple, transparent, and standardized (STS) securitizations and asset-backed commercial papers (ABCPs), requirements for assets received as part of reverse repurchase agreements, and credit quality assessment methodologies. April 10, 2018 WebPage Regulatory News
News IMF Publishes Global Financial Stability Report in April 2018 The Global Financial Stability Report (GFSR) provides an assessment of the global financial system and markets and addresses the emerging market financing in a global context. April 10, 2018 WebPage Regulatory News
News FSI Paper on Identification and Measurement of Non-Performing Assets FSI of BIS published a paper on the identification and measurement of non-performing assets (NPAs). April 10, 2018 WebPage Regulatory News
News ESMA Invites EC to Clarify Ancillary Activity Test Under MiFID II ESMA wrote a letter inviting EC to provide further guidance on how the ancillary activity criteria set out in Article 2(4) of the Markets in Financial Instruments Directive, and further specified in RTS 20, are to be interpreted and implemented—and more specifically at which level the ancillary tests should be performed. April 10, 2018 WebPage Regulatory News
News FFIEC on Cyber Insurance and its Potential Role in Risk Management FFIEC members (FED, CFPB, FDIC, NCUA, OCC, and State Liaison Committee) issued a joint statement to describe the matters that financial institutions should consider when determining whether to use cyber insurance as a component of their risk management programs. April 10, 2018 WebPage Regulatory News
News EC Held Digital Day 2018 to Build a Strong Digital Single Market EC held Digital Day 2018 and brought together ministers, representatives of EU countries, industry, academia, and civil society representatives to encourage cooperation in artificial intelligence, blockchain, eHealth, and innovation. April 10, 2018 WebPage Regulatory News
News PRA Publishes Business Plan for 2018–19 PRA published its business plan for 2018–19. The business plan sets out the strategic goals, the workplan to deliver the strategic goals, and the PRA budget for the coming year. April 09, 2018 WebPage Regulatory News
News MAS Consults on Capital Treatment of TLAC Holdings Under Notice 637 MAS issued a consultation paper on proposed regulatory capital treatment of banks’ holdings of TLAC liabilities under MAS Notice 637. April 09, 2018 WebPage Regulatory News
News FCA Publishes Its Business Plan for 2018-19 FCA published its business plan for 2018-19, setting out the key priorities for the coming year. Along with the business plan, FCA published a consultation paper on annual fees, its sector views, and a discussion paper on its evaluation framework. April 09, 2018 WebPage Regulatory News
News ESRB Updates Its Overview of National Macro-Prudential Measures in EU ESRB updated its overview of the national measures of macro-prudential interest in the EU and the European Economic Area. The overview covers capital buffers, reciprocation measures, and various other measures. April 09, 2018 WebPage Regulatory News
News BCL Updates Instructions and Other Documents for AnaCredit Reporting BCL updated instructions, list of reporting agents, validation rules, and SDMX schemas, including technical specifications, cube structure, facets, and subdomains, for AnaCredit reporting. April 09, 2018 WebPage Regulatory News
News ESMA Publishes Calculations for the March Double Volume Cap Within five working days of the end of the month, ESMA must publish the trading volumes and calculations regarding the double volume cap (DVC) under the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR). April 09, 2018 WebPage Regulatory News
News CPMI-IOSCO Guidance on Harmonization of OTC Derivatives Data Elements CPMI and IOSCO issued technical guidance to authorities on harmonized definitions, formats, and usage of a set of critical data elements for over-the-counter (OTC) derivative transactions reported to trade repositories, excluding the Unique Transaction Identifier (UTI) and the Unique Product Identifier (UPI). April 09, 2018 WebPage Regulatory News
News ECB Publishes Its Annual Report for 2017 ECB published its annual report for 2017. The report covers the economic and financial developments, in addition to supervisory activities of ECB in 2017. April 09, 2018 WebPage Regulatory News
News China Banking Insurance Regulatory Commission Replaces CBRC and CIRC The China Banking Insurance Regulatory Commission (CBIRC) has been formally listed and its website was launched on April 08, 2018. April 09, 2018 WebPage Regulatory News
News EC Issues Council Decision on Conclusion of EU-US Bilateral Agreement EC published Council Decision (EU) 2018/539 on conclusion of the bilateral agreement between EU and the United States on prudential measures regarding insurance and reinsurance. April 09, 2018 WebPage Regulatory News
News ESMA Agrees on Position Limits Under MiFID II ESMA published three opinions on position limits regarding commodity derivatives under the Markets in Financial Instruments Directive and Regulation (MiFID II and MIFIR). April 09, 2018 WebPage Regulatory News
News RBI Amends Its Comprehensive Guidelines on Derivatives RBI issued modifications to its comprehensive guidelines on derivatives, with respect to the stand-alone plain vanilla forex options. April 06, 2018 WebPage Regulatory News
News FCA on Authorization for Firms Offering Cryptocurrency Derivatives FCA issued a statement on the authorization requirement for firms offering cryptocurrency derivatives. April 06, 2018 WebPage Regulatory News
News EBA Single Rulebook Q&A: First Update for April 2018 This week, the Question and Answer (Q&A) updates on Single Rulebook include 13 items related to supervisory reporting and recovery and resolution. April 06, 2018 WebPage Regulatory News
News IOSCO Issues Report on Improving Information on Corporate Bond Markets IOSCO published the report offering recommendations to improve regulatory reporting and public transparency in the secondary corporate bond markets. April 05, 2018 WebPage Regulatory News
News FED Updates the Reporting Form and Instructions for FR Y-9C Among the FED information collections that have been under review, FED updated the reporting form and instructions for FR Y-9C, which is the report on consolidated financial statements for holding companies. April 05, 2018 WebPage Regulatory News
News EBA Issues Updated Risk Dashboard for Fourth Quarter of 2017 EBA published the updated version of its Risk Dashboard, summarizing the main risks and vulnerabilities in the EU banking sector for the fourth quarter of 2017. April 05, 2018 WebPage Regulatory News
News FCA Issues PS18/8 and CP18/9 on Remedies for Asset Management Market FCA published the policy statement PS18/8 that sets out remedies for the concerns identified through its asset management market study. April 05, 2018 WebPage Regulatory News
News BDE Issues Instructions on Rules for Reporting of Financial Statements BDE published technical instructions on rules for the presentation and telematic transmission of financial statements of credit institutions, according to the specified eXtensible Business Reporting Language (XBRL) standard and other financial documentation. April 04, 2018 WebPage Regulatory News
News APRA Finds Room for Improvement in Executive Remuneration Practices APRA released the results of a review of remuneration practices at large financial institutions. The findings reveal considerable room for improvement in the design and implementation of executive remuneration structures. April 04, 2018 WebPage Regulatory News
News ECB Issues Opinion on Draft of a Securitization Framework in Cyprus ECB issued an opinion on the draft law on securitization framework in Cyprus. April 04, 2018 WebPage Regulatory News
News ESMA Publishes Annual Report of Enforcement Activities for 2017 ESMA publishes its 2017 annual report that provides an overview of the enforcement and regulatory activities of ESMA and the accounting enforcers in the EU, when examining compliance of financial information provided by issuers, under IFRS, in 2017. April 03, 2018 WebPage Regulatory News
News IMF Issues Reports on the 2018 Article IV Consultation with Luxembourg IMF published staff report and selected issues report in the context of the 2018 Article IV consultation with Luxembourg. April 03, 2018 WebPage Regulatory News
News ESMA Publishes Technical Advice Under the Prospectus Regulation ESMA is publishing the first Part of its technical advice under the Prospectus Regulation. April 03, 2018 WebPage Regulatory News
News Lael Brainard of FED Offers Update on the Financial Stability Agenda The FED Governor Lael Brainard provided an update on the financial stability agenda of FED in New York. April 03, 2018 WebPage Regulatory News
News Dubai FSA Updates Rulebook and Sourcebook for Financial Institutions Dubai FSA updated several modules of its Rulebook and Sourcebook for financial institutions. April 03, 2018 WebPage Regulatory News
News IMF Issues Technical Note on Insurance Sector Regulation in India IMF issued a technical note that provides an assessment of the recent development of regulation and supervision of the insurance sector in India. April 02, 2018 WebPage Regulatory News
News IMF Issues Report on Financial Sector Stability Review of Costa Rica IMF published the technical assistance report on the financial sector stability review (FSSR) of Costa Rica. April 02, 2018 WebPage Regulatory News
News FDIC Proposes Revisions to the Stress Testing Regulation FDIC is proposing several revisions to the stress testing regulation, which are consistent with the changes made by FED and OCC to their respective stress testing regulations. April 02, 2018 WebPage Regulatory News
News OCC Proposes to Renew Information Collection on Stress Testing OCC is soliciting comments on the renewal of its information collection titled, “Guidance on Stress Testing for Banking Organizations with more than USD 10 Billion in Total Consolidated Assets.” April 02, 2018 WebPage Regulatory News
News US Agencies Exempt Certain CRE Deals from Appraisal Requirements US Agencies (FDIC, FED, and OCC) issued a final rule that increases the threshold for commercial real estate (CRE) transactions requiring an appraisal from USD 250,000 to USD 500,000. April 02, 2018 WebPage Regulatory News
News CFPB Issues Semi-Annual Report Recommending Changes to Dodd-Frank Act CFPB released its semi-annual report highlighting the work of CFPB from April 01, 2017 to September 30, 2017, the period before the President appointed Mick Mulvaney as Acting Director. April 02, 2018 WebPage Regulatory News
News US Agencies Finalize Revisions to Call Reports FFIEC 051, 041, and 031 US Agencies (OCC, FED, and FDIC) finalized additional burden-reducing revisions to FFIEC 051, FFIEC 041, and FFIEC 031—the three Consolidated Reports of Condition and Income (Call Reports). March 30, 2018 WebPage Regulatory News
News ACPR Updates Taxonomic Controls Concerning Taxonomy RAN 1.1.0 ACPR published a new version of the file "Taxonomic controls" related to the Taxonomy RAN Version 1.1.0 for Solvency II reporting. March 29, 2018 WebPage Regulatory News
News Bundesbank Updates Credit Statistics Policy for AnaCredit Reporting Deutsche Bundesbank published Version 2.0 of the Credit Statistics Policy for AnaCredit reporting. March 29, 2018 WebPage Regulatory News
News Bundesbank Updates List of Disabled Validation Rules for Reporting Deutsche Bundesbank updated the list of reporting validation rules that have additionally been identified as defective from the national point of view. EBA also provides a current list of incorrect validation rules on its website. March 29, 2018 WebPage Regulatory News
News FINMA Revises Charts of Accounts for Collection of Supervisory Data FINMA revised the chart of accounts on which the collection of supervisory data from insurance companies is based. March 29, 2018 WebPage Regulatory News
News Central Bank of Ireland Consults on Amendments to UCITS Regulations The Central Bank of Ireland is consulting (CP 119) on the amendments of its regulations on Undertakings for Collective Investment in Transferable Securities (UCITS). Comment period ends on June 29, 2018. March 29, 2018 WebPage Regulatory News
News BCBS Publishes Report on Frameworks for Early Supervisory Intervention BCBS published a report presenting the findings of a range-of-practice study on how supervisors worldwide have adopted frameworks, processes, and tools to support early supervisory intervention. March 29, 2018 WebPage Regulatory News
News PRA Publishes PS6/18 Containing Updated Statements SS13/13 and SS36/15 PRA published a policy statement PS6/18 that provides feedback to the responses to chapters 2 to 6, 9, and 10 of the PRA and FCA consultation paper CP18/17. March 29, 2018 WebPage Regulatory News
News OSFI Publishes Guideline on LICAT Public Disclosure Requirements OSFI issued the final version of the guideline on Life Insurance Capital Adequacy Test (LICAT) public disclosure requirements. March 29, 2018 WebPage Regulatory News
News IMF Publishes Reports on the 2018 Article IV Consultation with Iran IMF published staff report and selected issues reports in the context of the 2018 Article IV consultation with the Islamic Republic of Iran. March 29, 2018 WebPage Regulatory News
News ESRB Publishes Paper on Indicators for Monitoring of CCPs in EU ESRB, as part of its occasional paper series, published a paper examining the indicators for monitoring central counterparties (CCPs) in EU. March 29, 2018 WebPage Regulatory News
News IFSB Proposes Standards on Islamic Banking, Securities, and Insurance IFSB issued three Exposure Drafts covering standards in Islamic banking, Islamic capital markets, and Islamic insurance (takāful) sectors. March 28, 2018 WebPage Regulatory News
News ESMA Updates Q&As on Prospectus Regulation and MiFID II/MiFIR ESMA updated the question and answer (Q&A) document on issues related to the Prospectus Regulation. ESMA also updated Q&A on transparency and market structure issues under the Market in Financial Instruments Directive (MiFID II) and Regulation (MiFIR). March 28, 2018 WebPage Regulatory News
News IMF Publishes Reports on the 2017 Article IV Consultation with Myanmar IMF published staff report and selected issues report in the context of the 2017 Article IV consultation with Myanmar. March 28, 2018 WebPage Regulatory News
News PRA Issues Approach to Branch Authorization and Supervision for Banks PRA published a Policy Statement PS3/18 that provides feedback to the responses to CP29/17 on the approach to branch authorization and supervision for international banks. March 28, 2018 WebPage Regulatory News
News ESMA Publishes Official Translations for Three Sets of CSDR Guidelines ESMA published the official EU language versions of the three sets of guidelines under the Central Securities Depository Regulation (CSDR): guidelines on relevant currencies; guidelines on substantial importance of a Central Securities Depository (CSD); and guidelines on cooperation between authorities. March 28, 2018 WebPage Regulatory News
News ESMA Issues Guidelines on Internalized Settlement Reporting Under CSDR ESMA published its final guidelines on how to report internalized settlement under the Central Securities Depositories Regulation (CSDR). March 28, 2018 WebPage Regulatory News
News EIOPA Consults on Changes to Standards on Reporting and Disclosure EIOPA published a consultation on corrections and amendments to the implementing technical standards on reporting and disclosure. EIOPA invites the interested stakeholders to provide inputs by May 11, 2018. March 28, 2018 WebPage Regulatory News
News BoE Issues Update on Regulatory Approach to Preparations for Brexit BoE issued an update on the regulatory approach to preparations for the withdrawal of the UK from the EU (Brexit). March 28, 2018 WebPage Regulatory News
News Bank of Finland Updates Validation Checks for AnaCredit Reporting Bank of Finland updated documents related to AnaCredit reporting, including updated schema files (version 1.5) and validation checks for credit data collection (version 1.3). March 28, 2018 WebPage Regulatory News
News ECB Consults on the First Part of Guide to Internal Models for Banks ECB is consulting on the first chapter of the guide to internal models for the banks it directly supervises. March 28, 2018 WebPage Regulatory News
News DNB Publishes Banking and Insurance Newsletters for March 2018 DNB issued the banking and insurance newsletters for March 2018. March 28, 2018 WebPage Regulatory News
News PRA Approach to Branch Authorization and Supervision for Insurers PRA published a Policy Statement PS4/18 that provides feedback to the responses to CP30/17 on the approach to branch authorization and supervision for international insurers. March 28, 2018 WebPage Regulatory News
News OFR Issues Paper on the Financial System Vulnerabilities Monitor OFR published a paper describing the purpose, construction, interpretation, and use of its Financial System Vulnerabilities Monitor. March 28, 2018 WebPage Regulatory News
News EIOPA Chairman Speaks on Review of Solvency II Regulation in 2018 The EIOPA Chairman Gabriel Bernardino spoke at the Public Hearing on the 2018 Review of the Solvency II Delegated Regulation in Brussels. March 27, 2018 WebPage Regulatory News
News EC Vice President Speaks About Solvency II and Capital Markets Union The EC Vice President Valdis Dombrovskis spoke at the public hearing on the Solvency II delegated act. March 27, 2018 WebPage Regulatory News
News ECB Publishes Results of Study on Use of DLT in Securities Settlement ECB published a report on the second phase of Project Stella, which is a joint research project of ECB and BOJ. March 27, 2018 WebPage Regulatory News
News BoE Undertakes Proof of Concept to Understand Renewed RTGS Service BoE is undertaking a Proof of Concept to understand how a renewed Real Time Gross Settlement (RTGS) service could be capable of supporting settlement in systems operating on innovative payment technologies, such as those built on Distributed Ledger Technology (DLT). March 27, 2018 WebPage Regulatory News
News ESMA Updates Q&A on MiFID II Commodity Derivatives Topics ESMA updated the questions and answers (Q&As) on the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR) regarding commodity derivatives topics. March 27, 2018 WebPage Regulatory News
News HKMA and SFC Consult on Enhancing OTC Derivatives Regulatory Regime HKMA and SFC issued a joint consultation paper on further enhancements to the over-the-counter (OTC) derivatives regulatory regime in Hong Kong. March 27, 2018 WebPage Regulatory News
News ESMA Issues Guidelines on Position Calculation by Trade Repositories ESMA published the final guidelines setting out a consistent approach for calculation of derivative positions by trade repositories, under the European Market Infrastructure Regulation (EMIR). March 27, 2018 WebPage Regulatory News
News ESMA Consults on Supplementary Guidance Under the Endorsement Regime ESMA proposed supplementary guidance on the application of the endorsement regime. March 27, 2018 WebPage Regulatory News
News HKMA Implementation Guidance on Securitization Framework for Banks HKMA published a set of questions and answers (Q&A) on the revised securitization framework under the Banking (Capital) Rules (BCR). March 26, 2018 WebPage Regulatory News
News BCRA Updates on Minimum Capital Requirements and Information Regime BCRA published updated rules on the minimum capital requirements for financial entities, along with certain aspects of the information transparency regime. March 26, 2018 WebPage Regulatory News
News BCBS Issues Basel III Monitoring Updates for March 2018 BCBS released the Basel III monitoring workbook (version 3.7.4), along with an updated list of frequently asked questions for the collection of December 2017 data. March 26, 2018 WebPage Regulatory News
News Danièle Nouy of ECB Presents Annual Report on Supervisory Activities Danièle Nouy, Chair of the ECB Supervisory Board, presented the ECB annual report on supervisory activities for 2017. March 26, 2018 WebPage Regulatory News
News BCL Issues Instructions and Validation Rules for AnaCredit Reporting BCL updated reporting instructions, list of reporting agents, and validation rules for reporting under the AnaCredit Regulation. March 26, 2018 WebPage Regulatory News
News ECB Updates CCBM Procedures for Eurosystem Counterparties ECB updated the correspondent central banking model (CCBM) procedures for Eurosystem counterparties, along with a table summarizing legal instruments used in the euro area. March 26, 2018 WebPage Regulatory News
News EC Amends IFRS 9 on Prepayment Features with Negative Compensation EC published Regulation (EU) 2018/498, which amends Regulation (EC) No 1126/2008, adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 as regards International Financial Reporting Standard (IFRS) 9. March 26, 2018 WebPage Regulatory News
News EBA Single Rulebook Q&A: Third Update for March 2018 One question related to market risk benchmarking was published as part of the Single Rulebook Question and Answer (Q&A) this week. March 23, 2018 WebPage Regulatory News
News BCBS Publishes an Outline of Discussion at its Meeting in Basel BCBS published a summary of the discussions at its meeting during March 15-16, 2018 in Basel. March 23, 2018 WebPage Regulatory News
News ECB Guides to Assess License Applications for Banks and Fintech Firms ECB published the guides to assessments of license applications for banks and fintech credit institutions. The publication of these two guides follows the completion of a public consultation. March 23, 2018 WebPage Regulatory News
News EC Vice President Speaks on the Future of Fintech in Baltics and EU The EC Vice President Valdis Dombrovskis spoke about the future of fintech in Europe during a conference in Latvia. March 23, 2018 WebPage Regulatory News
News ESMA Updates Q&As on the Implementation of MiFID, CSDR, and MAR ESMA updated question and answer (Q&A) documents on the implementation of investor protection topics under Market in Financial Instruments Directive and Regulation (MiFID II/MiFIR), implementation of Central Securities Depository Regulation (CSDR), and implementation of Market Abuse Regulation (MAR). March 23, 2018 WebPage Regulatory News
News ESMA Proposes Application Requirements for Securitization Repositories ESMA published two consultation papers on draft technical standards implementing the Securitization Regulation. March 23, 2018 WebPage Regulatory News
News IASB Issued Work Plan and Meeting Updates for March 2018 IASB published an updated work plan, along with the update of its meeting in March 2018. March 23, 2018 WebPage Regulatory News
News IAIS Publishes Newsletter for March 2018 This issue highlights that IAIS is in the process of a comprehensive revision of its Insurance Core Principles (ICPs) and the development of ComFrame. March 23, 2018 WebPage Regulatory News
News BCBS Consults on Amendment to Pillar 3 Disclosures for ECL Provisions BCBS proposed a technical amendment on Pillar 3 disclosure requirements for regulatory treatment of accounting provisions. March 22, 2018 WebPage Regulatory News
News BCBS Consults on Revisions to Capital Requirements for Market Risk BCBS launched a consultation on revisions to the minimum capital requirements for market risk. March 22, 2018 WebPage Regulatory News
News BCBS Updates FAQs on the Basel III Standard on SA-CCR BCBS published answers to the second set of frequently asked questions (FAQ) on the Basel III standard for standardized approach for measuring counterparty credit risk exposures (SA-CCR). March 22, 2018 WebPage Regulatory News
News Danièle Nouy of ECB Speaks on Good Governance for Good Decisions Danièle Nouy of ECB spoke at the Second Banking Supervision Conference in Frankfurt, highlighting the progress made by banks in the area of sound governance. March 22, 2018 WebPage Regulatory News
News EBA Updates Public Entity List for Calculation of Capital Requirements EBA published an updated list of regional governments and local authorities that may be treated as central governments for the calculation of capital requirements, in accordance with the EU Capital Requirements Regulation (CRR). March 22, 2018 WebPage Regulatory News
News EC Conference on Strategy to Support Sustainable Development in EU EC hosted a high-level conference on its strategy to reform the financial system in support of the climate and sustainable development agenda of EU. March 22, 2018 WebPage Regulatory News
News ESMA Updates Q&A on Implementation of the Benchmarks Regulation ESMA updated its questions and answers (Q&A) document on the implementation of the Benchmarks Regulation. March 22, 2018 WebPage Regulatory News
News GAO Report Assesses Regulatory Oversight of Fintech Activities in US The U.S. GAO published a report that assesses the regulatory oversight in the fintech landscape in the United States and offers recommendations for improvement. March 22, 2018 WebPage Regulatory News
News HKMA Updates Guide on Enhanced Competency Framework for AML/CFT HKMA updated the guide to the enhanced competency framework on anti-money laundering and counter-financing of terrorism (AML/CFT), which provides details of the application of this framework. March 22, 2018 WebPage Regulatory News
News BNM Finalizes Paper on Value-Based Intermediation in Islamic Banking BNM published the finalized strategy paper and feedback statement on value-based intermediation (VBI). March 22, 2018 WebPage Regulatory News
News EBA Guidelines on Assessment of Suitability of Members of Management EBA published guidelines on the assessment of the suitability of members of the management body and key function holders. March 21, 2018 WebPage Regulatory News
News EC Consults on Fitness Check of the EU Framework for Public Reporting EC launched a consultation on the fitness check on the EU framework for public reporting by companies. March 21, 2018 WebPage Regulatory News
News EIOPA Issues Paper on Solvency II Tools with Macro-Prudential Impact EIOPA published a paper on Solvency II tools with macro-prudential impact. March 21, 2018 WebPage Regulatory News
News ESMA Issues Opinion on Trading Obligation for Derivatives Under MiFIR ESMA issued an opinion providing further guidance on the treatment of packages under the trading obligation for derivatives, which the Markets in Financial Instruments Regulation (MiFIR) introduced on January 03, 2018. March 21, 2018 WebPage Regulatory News
News ESMA Issues Translations for Guidelines on Stress Test Scenarios ESMA published the official translations of its guidelines on stress test scenarios under Article 28 of the Money Market Funds (MMF) Regulation. March 21, 2018 WebPage Regulatory News
News FED Publishes Federal Register Notice on Reporting Form FR Y-9 FED published the Federal Register notice extending for three years, with revision, the mandatory FR Y-9 family of reports on financial statements for holding companies. March 21, 2018 WebPage Regulatory News
News ESMA Chair Steven Maijoor Speaks About Brexit and Review of ESAs The ESMA Chair Steven Maijoor delivered the opening remarks at the BVI 2018 Annual Reception in Brussels. March 21, 2018 WebPage Regulatory News
News MFSA Updates Reporting Templates on Own Funds Requirements Under COREP MFSA updated templates on own funds and own funds requirements, including leverage and immovable property losses, for reporting on individual and consolidated basis. March 21, 2018 WebPage Regulatory News
News OSFI Consults on Draft Guideline for TLAC Disclosure Requirements OSFI is consulting on the draft Total Loss-Absorbing Capacity (TLAC) Disclosure Requirements guideline, along with the consequential amendments to the Capital Disclosure Requirements guideline. March 21, 2018 WebPage Regulatory News
News BDF Updates Document on AnaCredit Controls for Reporting BDF published the updated documents on “AnaCredit BDF Controls” and “List of attributes allowing the NA value.” March 21, 2018 WebPage Regulatory News
News Dr. Dombret of Bundesbank on Post-Brexit Realities in Financial Sector Andreas Dombret of Deutsche Bundesbank spoke at the AIMA Global Policy and Regulatory Forum in Dublin. He looked at the estimated extent of fragmentation in regulation of financial services after Brexit and how to address this issue. March 20, 2018 WebPage Regulatory News
News Elke König of SRB Speaks on Proportionality and MREL Implementation The SRB Chair Elke König, at the European Parliament Hearing, shared her views on the application of proportionality principle and the amendments to Capital Requirements Regulation, Capital Requirements Directive, Bank Recovery and Resolution Directive, and Single Resolution Mechanism Regulation. March 20, 2018 WebPage Regulatory News
News G20 Publishes Communiqué on the First Meeting of 2018 in Buenos Aires G20 published an official statement on the year's first meeting of finance ministers and central bank governors in Buenos Aires. March 20, 2018 WebPage Regulatory News
News IMF Releases Working Paper Offering Policy Proposals on CCP Resolution IMF published a working paper that proposes alternative policy suggestions for central counterparty (CCP) resolution. March 20, 2018 WebPage Regulatory News
News APRA Updates the List of D2A Validation and Derivation Rules APRA published list of the latest Direct to APRA (D2A) validation rules for authorized deposit-taking institutions, superannuation, general insurance, life insurance, private health insurance, registered financial corporations, and unauthorized foreign insurers. March 20, 2018 WebPage Regulatory News
News Bank of Italy Begins Test Phase for AnaCredit Reporting Bank of Italy updated the schema files for AnaCredit reporting and published details on a voluntary test phase with reporting intermediaries, with the test environment being available from March 26, 2018. March 20, 2018 WebPage Regulatory News
News APRA Allows ING Bank to Use Internal Models for Regulatory Capital APRA granted approval to ING Bank (Australia) Limited to begin using the internal models. The ING Bank will use internal models to determine its regulatory capital requirements for credit and market risk, commencing from the quarter ended June 30, 2018. March 19, 2018 WebPage Regulatory News
News APRA Revises Prudential Standard on Public Disclosures APRA revised and published the final standard APS 330, which is the Prudential Standard on Public Disclosures. APS 330 will be effective from July 01, 2018. APRA also published its response to the submissions received to the proposal for revised APS 330. March 19, 2018 WebPage Regulatory News
News EBA Report Assesses the Current Credit Risk Mitigation Framework in EU EBA published a report reviewing the Credit Risk Mitigation (CRM) framework in EU. March 19, 2018 WebPage Regulatory News
News APRA Revises Its Reporting Standard on Capital Adequacy APRA published a letter to authorized deposit-taking institutions regarding changes to reporting requirements in the Reporting Standard ARS 110.0 Capital Adequacy (ARS 110.0). March 19, 2018 WebPage Regulatory News
News SBIF Amends Chapter 1-13 of Updated Collection of Standards in Chile SBIF published circular on amendments to Title II of Chapter 1-13 of the updated collection of standards. March 19, 2018 WebPage Regulatory News
News FSB Letter Sets Out Priorities for the Argentine G20 Presidency FSB published a letter that its Chair Mark Carney sent to the G20 Finance Ministers and Central Bank Governors, ahead of their meeting in Buenos Aires on March 19-20. March 18, 2018 WebPage Regulatory News
News BoE Publishes Key Elements of 2018 Stress Test of Banking System in UK BoE published the scenario against which it will be stress-testing banks in 2018, in addition to setting out the key elements of the 2018 stress test, guidance on the 2018 stress test, the variable paths for the 2018 stress test, and the traded risk scenario for the 2018 stress test. March 16, 2018 WebPage Regulatory News
News EBA Report Assesses Progress in Work of Supervisory Colleges in 2017 EBA published its report examining the functioning of supervisory colleges in 2017. March 16, 2018 WebPage Regulatory News
News FSB Publishes Reports on Correspondent Banking and Remittances FSB published two reports as part of its work to assess and address the decline in correspondent banking relationships: one is a progress report on the FSB action plan to assess and address the decline in correspondent banking and the second report is a stocktake on remittance service providers’ access to banking services. March 16, 2018 WebPage Regulatory News
News IFRS Foundation Publishes IFRS Taxonomy 2018 IFRS Foundation published the IFRS Taxonomy for 2018, which includes updates to the IFRS Taxonomy for 2017. March 16, 2018 WebPage Regulatory News
News Poul Thomsen of IMF on Ensuring Stability Via Macro-Prudential Policy Poul Thomsen, Director of the IMF European Department spoke, at the “ECB and Its Watchers” Conference in Frankfurt, about the role of macro-prudential policies in maintaining financial stability. March 16, 2018 WebPage Regulatory News
News EBA Publishes Roadmap for Fintech and Announces FinTech Knowledge Hub EBA published its fintech roadmap, which contains the priorities and indicative milestones for 2018-2019 in the area of fintech. March 15, 2018 WebPage Regulatory News
News ESAs Publish Report Analyzing Impact of Big Data in Financial Sector The Joint Committee of ESAs published the final report analyzing the impact of Big Data on consumers and financial firms. March 15, 2018 WebPage Regulatory News
News FSB Survey on Impact of Regulatory Reforms on Infrastructure Financing FSB launched a voluntary survey on the trends, drivers, and potential effects of regulatory reforms on infrastructure financing. March 15, 2018 WebPage Regulatory News
News Ravi Menon of MAS on the Evolving Regulatory Approach on Crypto Assets Ravi Menon of MAS spoke at the Money20/20 Conference in Singapore about the current state of thinking on crypto assets (or crypto tokens), along with the evolving regulatory approach of Singapore. March 15, 2018 WebPage Regulatory News
News EBA Advises EC on Use of Backstops to Prevent Building Up of New NPLs EBA published its advice on the EC proposal for statutory prudential backstops on banks' provisioning practices for new loans that turn non-performing. March 14, 2018 WebPage Regulatory News
News Benoît Cœuré of ECB on Interaction Between Fintech and Regulation Benoît Cœuré of ECB spoke about the two-way interaction between financial regulation and financial technology (fintech) during his introductory remarks at a roundtable organized by FinLeap in Berlin. March 14, 2018 WebPage Regulatory News
News ECB Finalizes Addendum to Guidance on Non-Performing Loans ECB published the final addendum to the ECB Guidance to banks on non-performing loans (NPLs), which reflects comments received during public consultation. March 14, 2018 WebPage Regulatory News
News EBA Issues Opinion on Measures to Address Macro-Prudential Risk EBA issued an Opinion on the measures to address macro-prudential risk. March 14, 2018 WebPage Regulatory News
News ESRB Secretariat Responds to EC Consultation on Supervisory Reporting The ESRB Secretariat issued a response to the EC consultation on fitness check on supervisory reporting. March 14, 2018 WebPage Regulatory News
News EC Proposes A Package of Measures to Tackle NPLs in Europe EC proposed a comprehensive package of measures to tackle nonperforming loans (NPLs) in Europe. March 14, 2018 WebPage Regulatory News
News SEC Proposes to Amend Liquidity Risk Management Disclosures for Funds SEC proposed amendments to the forms designed to improve the reporting and disclosure of liquidity information by registered open-end investment companies. March 14, 2018 WebPage Regulatory News
News Vítor Constâncio of ECB on Tackling Financial Stability Risks in EU At the ECB and Its Watchers XIX Conference in Frankfurt, the ECB Vice President Vítor Constâncio spoke about using macro-prudential policy to address financial stability risks in the euro area. March 14, 2018 WebPage Regulatory News
News Bundesbank Publishes AnaCredit Reporting Scheme Version 1.2 Deutsche Bundesbank published Version 1.2 of the technical reporting scheme under the AnaCredit Regulation. March 13, 2018 WebPage Regulatory News
News BIS Committees Issue Report Analyzing Central Bank Digital Currencies CPMI and the Markets Committee of BIS issued a joint report that provides an initial analysis of the central bank digital currencies (CBDCs). March 12, 2018 WebPage Regulatory News
News BCBS Issues Reports on Basel III Implementation Assessments Under RCAP BCBS published summaries of post-assessment follow-up actions taken or planned by the member jurisdictions as of the end of 2017. These actions are intended to address deviations from the Basel standards, which were identified as part of the Regulatory Consistency Assessment Program (RCAP). March 12, 2018 WebPage Regulatory News
News EC Published Proposals on Covered Bonds and Cross Border Transactions EC presented a new package of proposals, toward the development of Capital Markets Union. March 12, 2018 WebPage Regulatory News
News EIOPA Chair Speaks on Building a Sustainable Pensions Market in Europe The EIOPA Chairman Gabriel Bernardino, during the keynote address at a Conference in Berlin, discussed challenges and developments toward building a sustainable pensions market in Europe. March 12, 2018 WebPage Regulatory News
News IMF Issues Report on Assessment of Observance of ICPs for Indonesia IMF published a report on the detailed assessment of observance (DAO) of Insurance Core Principles (ICPs) in Indonesia, as part of the Joint IMF-World Bank Financial Sector Assessment Program (FSAP) mission. March 12, 2018 WebPage Regulatory News
News IMF Issues Reports on the 2017 Article IV Consultation with Morocco IMF issued staff report and selected issues report in the context of the 2017 Article IV consultation with Morocco. March 12, 2018 WebPage Regulatory News
News IOSCO Suggests Sound Practices to Protect Senior Investors from Fraud The IOSCO Board published report that examines the growing vulnerability of aging investors to financial fraud and other risks. March 12, 2018 WebPage Regulatory News
News APRA Revises the Prudential Standard LPS 230 on Reinsurance Management APRA published the final revised Prudential Standard LPS 230 on Reinsurance Management and the standard will come into effect from April 01, 2018. March 09, 2018 WebPage Regulatory News
News EBA Revises List of ITS Validation Rules in March 2017 EBA issued a revised list of validation rules in its implementing technical standards (ITS) on supervisory reporting. March 09, 2018 WebPage Regulatory News
News EBA Single Rulebook Q&A: Second Update for March 2018 The updates for this week include four items covering questions and answers (Q&A) related to supervisory reporting and recovery and resolution. March 09, 2018 WebPage Regulatory News
News ECB Representatives Speak About Work Toward Building Cyber Resilience Sabine Lautenschläger and Benoît Cœuré of ECB spoke about cyber resilience at the first meeting of the Euro Cyber Resilience Board for pan-European Financial Infrastructures in Frankfurt. March 09, 2018 WebPage Regulatory News
News EC Issues Regulatory Technical Standards Supplementing BRRD EC published the Commission Delegated Regulations (EU) 2018/344 and (EU) 2018/345 that supplement Bank Recovery and Resolution Directive, or BRRD (Directive 2014/59/EU). March 09, 2018 WebPage Regulatory News
News Andreas Dombret of Bundesbank Examines Future of US-EU Relations Dr. Andreas Dombret of Bundesbank spoke at the Institute of International Bankers, Annual Washington Conference, Washington DC on March 05, 2018. March 08, 2018 WebPage Regulatory News
News Bank of Italy Updates the Handbook on AnaCredit Reporting Bank of Italy published Version 1.0 of the handbook on AnaCredit reporting and Version 1.5 of the document on "changes to messages and communication" on AnaCredit. March 08, 2018 WebPage Regulatory News
News APRA Issues RRS 710 and RPG 702 on EFS Data Quality Framework APRA published the revised “Reporting Practice Guide RPG 702.0 ABS/RBA Data Quality for the EFS Collection” and “Reporting Standard RRS 710.0 ABS/RBA Registered Financial Corporations audit for the EFS Collection.” March 08, 2018 WebPage Regulatory News
News EBA Consults on Guidelines for Managing Non-Performing Exposures EBA launched a consultation on the guidelines for credit institutions on effectively managing non-performing exposures (NPEs) and forborne exposures (FBEs). March 08, 2018 WebPage Regulatory News
News EC Action Plan for Fintech and Proposal for Crowdfunding Regulation EC launched an Action Plan on harnessing the opportunities presented by technology-enabled innovation in financial services (fintech). EC is also putting forward new rules that will help crowdfunding platforms to grow across the single market in the EU. March 08, 2018 WebPage Regulatory News
News EC Publishes Action Plan on Sustainable Finance EC published the action plan on sustainable finance, which is part of the Capital Markets Union's efforts to connect finance with specific needs of the European economy. March 08, 2018 WebPage Regulatory News
News IMF Reports on 2018 Article IV Consultation and FSSA with Belgium IMF published staff report, selected issues report, and the Financial System Stability Assessment (FSSA) report on Belgium. March 08, 2018 WebPage Regulatory News
News APRA Consults on First Prudential Standard for Tackling Cyber Attacks APRA has responded to the growing threat of cyber attacks by proposing its first prudential standard on information security, known as CPS 234. March 07, 2018 WebPage Regulatory News
News BoE Publishes Draft Banking XBRL Taxonomy Version 3.0.0 BoE published a public working draft of the BoE Banking eXtensible Business Reporting Language (XBRL) Taxonomy Version 3.0.0 and related technical artefacts. March 07, 2018 WebPage Regulatory News
News CBB Proposes Amendments to the Capital Adequacy Module for Banks CBB proposed amendments to the capital adequacy module (Module CA)—specifically part 3, chapters CA-8 to CA-10, for conventional banks (Volume 1) and Islamic banks (Volume 2). March 07, 2018 WebPage Regulatory News
News EIOPA Q&A on Regulations: First Update for March 2018 EIOPA published new sets of questions and answers (Q&A) on guidelines on reporting and public disclosures, along with the implementing and delegating regulations applicable to insurers in Europe. March 07, 2018 WebPage Regulatory News
News IMF Issues Reports on the 2018 Article IV Consultation with Malaysia IMF published its staff report and selected issues report in the context of the 2018 Article IV consultation with Malaysia. March 07, 2018 WebPage Regulatory News
News EU Council Issues Compromise Proposals on CRR2, CRDV, BRRD2, and SRMR2 European Council published the presidency compromise proposals amending multiple regulations and directives, including Capital Requirements Regulation (CRR), Capital Requirements Directives (CRD IV), Bank Recovery and Resolution Directive (BRRD), and Single Resolution Mechanism Regulation (SRMR). March 06, 2018 WebPage Regulatory News
News BCBS Issues Basel III Monitoring Report for Data as of June 2017 BCBS published a report that presents results of the latest Basel III monitoring exercise based on data as of June 30, 2017. March 06, 2018 WebPage Regulatory News
News EBA on CRDIV-CRR/Basel III Monitoring Exercise on EU Banking System EBA published the thirteenth report on the Capital Requirements Directive IV-Capital Requirements Regulation (CRD IV-CRR)/Basel III monitoring exercise on the European banking system using data as of June 30, 2017. March 06, 2018 WebPage Regulatory News
News FSB Publishes Updated Data on Correspondent Banking Relationships FSB published updated data on correspondent banking relationships, using the data provided by SWIFT. The data is published as part of the action plan of FSB to assess and address the decline in correspondent banking relationships. March 06, 2018 WebPage Regulatory News
News NBB on Implementing EBA Guidelines on Uniform Disclosures Under CRR NBB released a circular on the implementation of EBA guidelines on uniform disclosures of IFRS 9 transitional arrangements, under Article 473a of Capital Requirements Regulation or CRR (EU Regulation No 575/2013). March 06, 2018 WebPage Regulatory News
News EC Regulation and Guideline on Statistics on Holdings of Securities EC published the Regulation (EU) 2018/318 and Guideline (EU) 2018/323 of ECB on the statistics on holdings of securities. March 05, 2018 WebPage Regulatory News
News FDIC Adopts Final Rule on Alternatives to References to Credit Ratings FDIC is adopting the final rule to amend its international banking regulations consistent with section 939A of the Dodd-Frank Act and its authority under section 5(c) of the Federal Deposit Insurance Act. March 05, 2018 WebPage Regulatory News
News FSB Issues Reporting Guidelines for Securities Financing Transactions FSB issued detailed reporting guidelines for implementing the November 2015 FSB Global Securities Financing Data Standards. March 05, 2018 WebPage Regulatory News
News FSB Issues Report on Shadow Banking Monitoring Exercise in Americas FSB published a report that presents results from the fourth shadow banking monitoring exercise in Americas. March 05, 2018 WebPage Regulatory News
News FSB Publishes Responses to Consultation on Key Attributes for Insurers FSB published ten responses to the consultation on the Methodology for Assessing the Implementation of the Key Attributes of Effective Resolution Regimes for Financial Institutions (Key Attributes) in the insurance sector. March 05, 2018 WebPage Regulatory News
News FSB Publishes the Global Shadow Banking Monitoring Report for 2017 The report presents results of the seventh annual monitoring exercise of FSB to assess global trends and risks from shadow banking activities. March 05, 2018 WebPage Regulatory News
News Randal Quarles of FED on Regulatory Regime for Foreign Banks in US Randal K. Quarles, the Vice Chairman for Supervision at FED, spoke at the Institute of International Bankers Annual Washington Conference in Washington, D.C. March 05, 2018 WebPage Regulatory News
News ESMA Updates the Document on Status of Its Various Guidelines ESMA updated the table listing status of various guidelines. March 05, 2018 WebPage Regulatory News
News Andreas Dombret of Bundesbank on Proportionality in Banking Regulation Andreas Dombret of Bundesbank spoke—at the second Regional Banking Conference of the State of Hesse in Brussels—about the prospects for, and obstacles to, greater proportionality in banking regulation. March 02, 2018 WebPage Regulatory News
News BoE Governor Speaks on the Need to Regulate Crypto Assets The BoE Governor Mark Carney spoke at the Scottish Economics Conference about the impact of developments in money and payments technologies, how BoE is helping to manage the related potential risks, and how well crypto currencies fulfil the roles of money. March 02, 2018 WebPage Regulatory News
News BoE Working Paper on Capital Regulation and Product Market Outcomes BoE published a working paper that examines the impact of the introduction of a risk-based capital regulation regime in 2002 on product market outcomes for the insurance industry in the United Kingdom. March 02, 2018 WebPage Regulatory News
News EBA Single Rulebook Q&A: First Update for March 2018 The Single Rulebook Q&A updates for this week include 15 items. March 02, 2018 WebPage Regulatory News
News ECB Consults on Guides for Capital and Liquidity Management of Banks ECB launched a public consultation on the draft principles underlying its expectations for internal capital adequacy assessment processes (ICAAPs) and internal liquidity adequacy assessment processes (ILAAPs) of banks. March 02, 2018 WebPage Regulatory News
News EC Issues Regulation on MREL Requirements Under BRRD EC published the Commission Implementing Regulation (EU) 2018/308 on formats, templates, and definitions for identification and transmission of information by resolution authorities for informing EBA about the minimum requirement for own funds and eligible liabilities (MREL). March 02, 2018 WebPage Regulatory News
News HKMA Revises Returns on Capital Adequacy and Leverage Ratios HKMA published a circular on the revised Return on Capital Adequacy Ratio (Form MA(BS)3) (CAR Return) and the new Return of Leverage Ratio (Form MA(BS)27) (LR Return), along with the Completion Instructions. March 02, 2018 WebPage Regulatory News
News IAIS Publishes Responses to Comments on Revisions to ICPs and ComFrame IAIS published responses to the comments received on consultations between March 03 and June 01, 2017. March 02, 2018 WebPage Regulatory News
News FCA Publishes CP18/6 on Proposed Amendments to the FCA Handbook FCA published the quarterly consultation paper CP18/6 on miscellaneous amendments proposed to the FCA Handbook. March 02, 2018 WebPage Regulatory News
News Danièle Nouy of ECB on Addressing the NPL Issue in European Banks Danièle Nouy of ECB spoke at the Delphi Economic Forum on the opportunities and challenges for European banks. March 01, 2018 WebPage Regulatory News
News EBA Launches New DPM Data Dictionary Tools EBA launched a new web page that includes the tools to access its data point model (DPM). March 01, 2018 WebPage Regulatory News
News ESMA Updates Validation Rules Under Article 9 of EMIR ESMA updated the validation rules for reports submitted under the revised technical standards on reporting under Article 9 of European Markets Infrastructure Regulation (EMIR). March 01, 2018 WebPage Regulatory News
News FED Announces Conclusion of Efforts of Payments Security Task Force FED announced that the Secure Payments Task Force will conclude its efforts in March with a final publication consisting of a collection of educational materials outlining the lifecycles and security profiles of the primary payment methods. March 01, 2018 WebPage Regulatory News
News CIRC Issues Rules on Management of Assets and Liabilities for Insurers CIRC released as set of regulatory rules on the management of insurance assets and liabilities, to prevent the mismatch risk of assets and liabilities in the insurance industry and enhance the asset and liability management ability of the insurance companies. The regulatory rules are subject to a trial period. March 01, 2018 WebPage Regulatory News
News FSB Completes Peer Review of Hong Kong The Hong Kong peer review examined two topics relevant for financial stability: over-the-counter (OTC) derivative market reforms and the framework for resolution of financial institutions. February 28, 2018 WebPage Regulatory News
News IAIS Holds Session on Consultation on Use of Technology in Insurance IAIS is holding a public background session on consultation on the draft application paper on the use of digital technology in inclusive insurance on March 02, 2018. February 28, 2018 WebPage Regulatory News
News Ignazio Angeloni of ECB on Proportionality in Banking Supervision Ignazio Angeloni, Member of the ECB Supervisory Board, suggested taking another look at proportionality in banking supervision, at the Thirteenth Asia-Pacific High Level Meeting on Banking Supervision in Singapore. February 28, 2018 WebPage Regulatory News
News DNB Issues Banking Newsletter for February 2018 DNB issued the banking newsletter for February 2018. February 28, 2018 WebPage Regulatory News
News DNB Issues Insurance Newsletter for February 2018 DNB issued insurance newsletter for February 2018. February 28, 2018 WebPage Regulatory News
News EIOPA Submits Second and Final Advice for Review of SCR Calculation EIOPA submitted its second and final set of Advice to EC on the standard formula for the Solvency Capital Requirement (SCR) under Solvency II. February 28, 2018 WebPage Regulatory News
News IAIS Publishes Newsletter for February 2018 IAIS published the February issue of its newsletter. February 28, 2018 WebPage Regulatory News
News BCBS Consults on Updated Framework for Pillar 3 Disclosures BCBS is consulting on the updated framework for Pillar 3 disclosure requirements. February 27, 2018 WebPage Regulatory News
News HKMA Issues Instructions for Forms MA(BS)1F(a) and MA(BS)1F(b)) HKMA issued the revised completion instructions for Form MA(BS)1F(a) and Form MA(BS)1F(b)) for Certificate of Compliance with the Banking Ordinance. February 27, 2018 WebPage Regulatory News
News ESRB Issues Opinion on Enhancing Framework for Structural Buffers ESRB published its final report on the use of structural macro-prudential instruments in the EU. February 27, 2018 WebPage Regulatory News
News FSB Issues Public Responses to Proposals on Resolution Planning FSB issued public responses to the consultations on two proposals for guidance on the implementation of particular aspects of its Key Attributes of Effective Resolution Regimes for global systemically important banks (G-SIBs). February 27, 2018 WebPage Regulatory News
News OSFI Issues Sound Practices for Derivative Activities of Pension Plans OSFI published guideline outlining the factors that it expects administrators of federally regulated private pension plans to consider when developing policies and procedures for the sound risk management of derivative activities. February 27, 2018 WebPage Regulatory News
News Representatives of EC, ECB, and ESMA Speak About Fintech Developments Valdis Dombrovskis of EC, Yves Mersch of ECB, and Steven Maijoor of ESMA spoke at the Second Annual Conference on “Fintech and Digital Innovation: Regulation at the European level and beyond” in Brussels. February 27, 2018 WebPage Regulatory News
News BNM Issues Policy Document for Digital Currencies BNM issued the Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) Policy for digital currencies (Sector 6). February 27, 2018 WebPage Regulatory News
News GAO Report Reviews Policies and Analyses in Regulatory Flexibility Act The U.S. GAO published a report reviewing policies and analyses under the Regulatory Flexibility Act. The report concludes that policies and analyses under the Regulatory Flexibility Act and Retrospective Reviews could be improved. February 27, 2018 WebPage Regulatory News
News IAIS Issues Global Insurance Market Report for 2017 The report discusses the global (re)insurance sector from a supervisory perspective, focusing on the sector performance and key risks. February 27, 2018 WebPage Regulatory News
News PRA Issues Response to Inquiry of Treasury Committee into Solvency II PRA published a report on its response to the inquiry of the Treasury Committee into Solvency II. February 27, 2018 WebPage Regulatory News
News FSB Completes Peer Review of Singapore The peer review examined the macro-prudential policy framework and the resolution framework for financial institutions—two topics that are relevant for financial stability in Singapore. February 26, 2018 WebPage Regulatory News
News Andreas Dombret of Bundesbank Speaks About the Future of Europe Andreas Dombret, Member of the Executive Board of the Deutsche Bundesbank, spoke at the European School for Management and Technology about the future of Europe and of the euro area in particular. February 26, 2018 WebPage Regulatory News
News Valdis Dombrovskis of EC Speaks at a Roundtable on Cryptocurrencies The EC Vice President Valdis Dombrovskis spoke about cryptocurrencies and the related money laundering risks during a roundtable discussion in Brussels. February 26, 2018 WebPage Regulatory News
News BoE Publishes Paper Suggesting Policies for Financial Stability BoE published a working paper that focuses on rethinking policies for financial stability. February 23, 2018 WebPage Regulatory News
News EBA Opinion on Measures to Address Macro-Prudential Risk in Belgium EBA published an Opinion after the NBB notified EBA about its intention to modify capital requirements to address an increase in macro-prudential risk. February 23, 2018 WebPage Regulatory News
News RBNZ on Responses to Proposed Changes to Disclosure Rules for Banks RBNZ published a summary of the submissions received on the November 2017 consultation on changes to the disclosure requirements for registered banks. February 23, 2018 WebPage Regulatory News
News HKMA Issues Revised Guidelines on AML/CFT for Banks and SVF Licensees HKMA issued circulars on amendments to the guidelines on anti-money laundering and counter-terrorist financing (aml/cft) for authorized institutions and for stored value facility (SVF) licensees. February 23, 2018 WebPage Regulatory News
News IASB Issued Work Plan and Meeting Updates for February 2018 IASB published its updated work plan, along with the updates for the meeting in February 2018. The IASB update highlights preliminary decisions of the Board. February 23, 2018 WebPage Regulatory News
News OCC Publishes Final Rule Revising the Stress Testing Regulation OCC published the final rule revising its stress testing regulation, following a consultation. The effective date for the final rule is March 26, 2018. February 23, 2018 WebPage Regulatory News
News PRA Publishes Policy Statement PS2/18 on Pillar 2 Liquidity PRA published the policy statement PS2/18 that provides feedback to CP21/16 and CP13/17 on Pillar 2 liquidity. February 23, 2018 WebPage Regulatory News
News US Agencies Submit Reporting Form FFIEC 016 to OMB for Review The US Agencies (FDIC, FED, and OCC) are submitting the form FFIEC 016, as originally proposed, to OMB for review. February 23, 2018 WebPage Regulatory News
News BCL Updates Technical Specifications on AnaCredit Reporting BCL updated the document on "facets" related to AnaCredit reporting. This document has been provided as an annex to the technical specifications document for the collection of the AnaCredit reporting. February 23, 2018 WebPage Regulatory News
News APRA Publishes List of Direct to APRA Validation Rules for Banks APRA updated the list of Direct to APRA (D2A) validation rules for authorized deposit-taking institutions. February 22, 2018 WebPage Regulatory News
News BCB Consults on Provision for Expected Losses Related to Credit Risk BCB, the central Bank of Brazil, published a public consultation (60/2018) on norms that promote the convergence to the international best practices in the accounting regulation that is applicable to the National Financial System, in particular with the IFRS 9. February 22, 2018 WebPage Regulatory News
News IOSCO Proposes Guidance on Conflicts of Interest in Capital Raising IOSCO is consulting on a proposal on conflicts of interest and associated conduct risks during the equity capital raising process. February 21, 2018 WebPage Regulatory News
News MAS Consults on Rules for Mandatory Trading of Derivatives Contracts MAS proposed regulations to require the trading of over-the-counter (OTC) derivatives on organized markets, to help improve market transparency. February 21, 2018 WebPage Regulatory News
News US Treasury Report Recommends Reforms to Orderly Liquidation Authority The report responds to the Presidential Memorandum directing Treasury to propose recommendations to align OLA with the Core Principles for Financial Regulation and determine whether the Bankruptcy Code should be reformed to better enable resolution of financial companies. February 21, 2018 WebPage Regulatory News
News BaFin Circular and Financial Conglomerate Solvency Disclosure Form BaFin published the final circular and reporting form for demonstrating the capital adequacy of a financial conglomerate. February 21, 2018 WebPage Regulatory News
News Bundesbank Updates Handbook on AnaCredit Validation Rules Bundesbank published Version 3.0 of the handbook on AnaCredit Validation Rules. February 21, 2018 WebPage Regulatory News
News FCA Seeks Views on Technology to Achieve Better Regulatory Reporting FCA announced that it is seeking views on how technology can make it easier for firms to meet their regulatory reporting requirements and improve the quality of the information they provide. February 20, 2018 WebPage Regulatory News
News IMF Issues Reports on the 2017 Article IV Consultation with Australia IMF issued staff report and selected issues report in the context of the 2017 Article IV consultation with Australia. February 20, 2018 WebPage Regulatory News
News Opening Remarks of FSB Secretary General on Effects of G20 Reforms At an FSB workshop in London, Dietrich Domanski, the FSB Secretary General, outlined the planned sessions on evaluating the effects of the financial regulatory reforms on financing for infrastructure investment. February 20, 2018 WebPage Regulatory News
News BCBS Paper on Implications of Fintech for Banks and Bank Supervisors BCBS published a paper on sound practices in the context of fintech developments for banks and bank supervisors. February 19, 2018 WebPage Regulatory News
News ESMA Publishes Presentation on Proposals for Securitization Regulation ESMA published the public hearing presentation of its consultation papers on draft regulatory standards under the securitization regulation. February 19, 2018 WebPage Regulatory News
News FCA Issues Letter to CEOs on Quality of Prudential Regulatory Returns FCA published a letter requesting the CEOs of IFPRU investment firms and BIPRU firms to review their regulatory reporting practices. February 19, 2018 WebPage Regulatory News
News CPMI Issues Report on Cross-Border Retail Payments CPMI published a report recommending improvements to the infrastructure for cross-border payments made by individuals and businesses. February 16, 2018 WebPage Regulatory News
News EC Publishes Paper on Development of Private Placement of Debt in EU EC published report on a study on identifying market and regulatory obstacles to the development of private placement of debt in the EU. February 16, 2018 WebPage Regulatory News
News FDIC Chairman Speaks About Progress Toward Resolving G-SIBs in US The FDIC Chairman Martin J. Gruenberg spoke about the progress toward resolving systemically important financial institutions or SIFIs, at The Wharton School, University of Pennsylvania. February 16, 2018 WebPage Regulatory News
News FINMA Publishes Guidelines on Initial Coin Offerings FINMA published guidelines for inquiries about the regulatory framework for initial coin offerings (ICOs). February 16, 2018 WebPage Regulatory News
News PRA Consults on Eligibility of Guarantee as Unfunded Credit Protection PRA published the consultation paper CP6/18, which sets out the proposed changes to the supervisory statement SS17/13 on credit risk mitigation. February 16, 2018 WebPage Regulatory News
News BCBS Issues Basel III Monitoring Updates for February 2018 BCBS released the Basel III monitoring workbook (version 3.7.0) and its accompanying instructions, along with an updated list of frequently asked questions for the collection of December 2017 data. February 15, 2018 WebPage Regulatory News
News FDIC Adopts Final Rule Amending the International Banking Regulations FDIC adopted the final rule amending the international banking regulations on the permissible investment activities and the pledging of assets. February 15, 2018 WebPage Regulatory News
News IAIS Consults on the Use of Digital Technology in Inclusive Insurance IAIS is consulting on the draft application paper on the use of digital technology in inclusive insurance. Comments on this consultative document are due by March 16, 2018. February 15, 2018 WebPage Regulatory News
News Sabine Lautenschläger of ECB Speaks on Stability of Financial System Sabine Lautenschläger of ECB spoke about stable financial system at the Dutch Banking Day in Amsterdam. February 15, 2018 WebPage Regulatory News
News APRA Proposes Revisions to Risk-based Capital Framework for Banks APRA published a consultation revising the capital framework for authorized deposit-taking institutions. APRA also published a consultation on the implementation of leverage ratio requirements for authorized deposit-taking institutions. February 14, 2018 WebPage Regulatory News
News Bank of Italy Updates the Application Interface Manual on AnaCredit Bank of Italy published Version 1.4 of the application interface manual and Version 1.4 of the document on "changes to messages and communication" on AnaCredit. February 14, 2018 WebPage Regulatory News
News EBA Issues Corrections to XBRL Taxonomy for Benchmarking Exercise EBA published a corrective update within the XBRL taxonomy Version 2.6.0.1, which competent authorities shall use for remittance of data under the implementing technical standards on benchmarking of internal approaches, for the 2018 benchmarking exercise. February 14, 2018 WebPage Regulatory News
News ESMA Launches Interactive Single Rulebook in European Union ESMA launched its Interactive Single Rulebook, which is a new service for market participants and other interested stakeholders across EU. February 14, 2018 WebPage Regulatory News
News European Council on New Rules Under Insurance Distribution Directive On behalf of the European Council, the EU ambassadors confirmed an agreement to delay the transposition deadline and application of the new rules on insurance distribution. February 14, 2018 WebPage Regulatory News
News FED Updates Technical Instructions for Reporting Form FR Y-14A FED updated the technical instructions for annual capital assessments and stress testing (FR Y-14A). FR Y-14A is among the data collections under review by FED. February 14, 2018 WebPage Regulatory News
News IMF Issues Reports on 2017 Article IV Consultation with United Kingdom IMF issued staff report and selected issues report in the context of the 2017 Article IV consultation with the United Kingdom. February 14, 2018 WebPage Regulatory News
News IMF Issues Reports on the 2017 Article IV Consultation with Korea IMF issued staff report and selected issues report in the context of the 2017 Article IV consultation with Korea. February 13, 2018 WebPage Regulatory News
News IOSCO Consults on Policy Measures for OTC Leveraged Products IOSCO issued a consultation report that proposes policy measures to consider when addressing the risks arising from the offer and sale of OTC leveraged products to retail clients. February 13, 2018 WebPage Regulatory News
News Valdis Dombrovskis of EC Speaks on Action Plan for Sustainable Finance The EC Vice President Valdis Dombrovskis discussed the action plan for sustainable finance. February 13, 2018 WebPage Regulatory News
News EIOPA Q&A on Regulations: First Update for February 2018 EIOPA published new sets of questions and answers (Q&A) on implementing and delegating regulations, mostly relevant to Solvency II. February 12, 2018 WebPage Regulatory News
News IMF Paper Analyzes Structure and Dynamics of Shadow Banking in China BIS published a working paper analyzing the structure and dynamics of the shadow banking sector in China. February 12, 2018 WebPage Regulatory News
News RBI Issues Revised Framework on Resolution of Stressed Assets in India RBI issued the revised framework on resolution of stressed assets and the framework is applicable to all scheduled commercial banks, excluding regional rural banks, and certain all-India financial institutions. February 12, 2018 WebPage Regulatory News
News Andreas Dombret of Bundesbank Speaks on Global Economic Integration Andreas Dombret of Deutsche Bundesbank spoke at the London School of Economics and Political Science in London. He discussed the global economic integration and the future of international cooperation. February 09, 2018 WebPage Regulatory News
News BIS Hosts Eighth Conference on Bank Resolution and Deposit Insurance The Financial Stability Institute and the International Association of Deposit Insurers (IADI) of BIS organized the eighth joint conference on bank resolution, crisis management, and deposit insurance in Basel, Switzerland. February 09, 2018 WebPage Regulatory News
News Central Bank of Brazil Proposes Resolution on Exposure Limits The Central Bank of Brazil issued a consultation (Notice 59/2018) on a resolution that improves the rules applicable to maximum exposure limits per customer and the maximum limit of concentrated exposures within the scope of the National Financial System. February 09, 2018 WebPage Regulatory News
News ESMA Publishes the Supervisory Convergence Work Program for 2018 The work program details the planned activities and tasks of ESMA to promote sound, efficient, and consistent supervision across EU. February 09, 2018 WebPage Regulatory News
News IMF Publishes Staff Discussion Note on Trade-offs in Bank Resolution IMF published staff discussion note on trade-offs in bank resolution. The note examines the economic forces that determine the relative costs and benefits of bail-ins and bail-outs. February 09, 2018 WebPage Regulatory News
News Andreas Dombret of Bundesbank Speaks on Financial Services Post Brexit Andreas Dombret of Deutsche Bundesbank discussed the formal aspects of the relationship between Germany and the UK in finance after Brexit. He emphasized that pragmatic ways need to be discovered to establish a new, respectful, and friendly partnership. February 08, 2018 WebPage Regulatory News
News EBA Updates Guide on Risk Indicators and Detailed Risk Analysis Tools EBA published an updated methodological guide on how to compile risk indicators and detailed risk analysis tools (DRATs). February 08, 2018 WebPage Regulatory News
News EC Issues Notices to Prepare Financial Service Stakeholders for Brexit EC issued notices to prepare stakeholders for the exit of the UK from the EU. February 08, 2018 WebPage Regulatory News
News ESMA Publishes Annual Report for 2017 and Work Program for 2018 The annual report details supervisory activities and achievements of ESMA in 2017. The work program sets out key supervisory activities for credit rating agencies (CRAs), trade repositories, and third-country central counterparties (CCPs) in the EU. February 08, 2018 WebPage Regulatory News
News APRA Consults on Prudential Standards for Private Health Insurers APRA is consulting on a package on the governance, fit and proper, audit, and disclosure requirements for private health insurers. February 07, 2018 WebPage Regulatory News
News BoE Updates User Guide for BEEDS Under Solvency II BoE published the updated Bank of England Electronic Data Submission (BEEDS) user guide to incorporate changes that have been made as part of ongoing system maintenance, in addition to certain important information regarding account practices. February 07, 2018 WebPage Regulatory News
News ECB Publishes Statements from Annual Banking Supervision Conference ECB published introductory statements by Danièle Nouy and Sabine Lautenschläger of the ECB Supervisory Board at the annual press conference on ECB Banking Supervision in Frankfurt. ECB also published a transcript of the question and answer (Q&A) session with both the members of the ECB supervisory board. February 07, 2018 WebPage Regulatory News
News ESMA Issues Responses to Consultation on MiFID II Regulatory Standards ESMA published the responses received to its consultation on certain proposed amendments to the MiFID II regulatory technical standards (RTS) 1. February 07, 2018 WebPage Regulatory News
News ESMA Updates Q&A on Transparency Issues Under MiFID II/MiFIR The Q&A document provides responses to questions by the general public and market participants in relation to the practical application of transparency requirements. February 07, 2018 WebPage Regulatory News
News IASB Holds First Meeting of the Transition Resource Group for IFRS 17 IASB has created the Transition Resource Group (TRG) on Insurance Contracts, which held its first meeting and technical discussion in London. February 07, 2018 WebPage Regulatory News
News PRA Issues Policy Statement on Optimizations to the SIMR PRA published the policy statement PS1/18, which provides feedback to responses to Chapters 2 and 3 of the consultation paper CP8/17 titled "strengthening individual accountability in banking and insurance: optimizations to the Senior Insurance Managers Regime (SIMR) and changes to forms." February 07, 2018 WebPage Regulatory News
News ESMA Updates Q&As on Implementation of EMIR, SSR, BMR, and CSDR ESMA updated questions and answers (Q&A) documents on the implementation of European Markets Infrastructure Regulation (EMIR), Short Selling Regulation (SSR), Benchmarks Regulation (BMR), and Central Securities Depository Regulation (CSDR). February 06, 2018 WebPage Regulatory News
News FDIC Releases Economic Scenarios for the 2018 Stress Testing Exercise FDIC released the economic scenarios to be used by the financial entities that will undergo the 2018 stress testing. February 06, 2018 WebPage Regulatory News
News HKMA Consults on Guideline for Authorization of Virtual Banks HKMA is consulting on the revised guideline on the authorization of virtual banks. The consultation ends on March 15, 2018. HKMA intends to consider comments received during the consultation and issue a revised guideline in May 2018. February 06, 2018 WebPage Regulatory News
News EC Issues Regulation on Materiality Threshold for Credit Obligations EC published the final Commission Delegated Regulation (EU) 2018/171 on regulatory technical standards for the materiality threshold for credit obligations past due; this regulation supplements the Capital Requirements Regulation or CRR (EU Regulation No 575/2013). February 06, 2018 WebPage Regulatory News
News EIOPA Paper on Systemic Risk and Macro-Prudential Policy in Insurance EIOPA published the first paper in a series on systemic risk and macro-prudential policy in the insurance sector. February 06, 2018 WebPage Regulatory News
News ESMA Issues Responses to Consultation on Position Calculation on EMIR ESMA published the responses received to its consultation on position calculation under the European Market Infrastructure Regulation (EMIR). The consultation ran from November 17, 2017 to January 15, 2018. February 06, 2018 WebPage Regulatory News
News IMF Issues Reports on the 2017 Article IV Consultation with Indonesia IMF issued staff report and selected issues report in the context of the 2017 Article IV consultation with Indonesia. February 06, 2018 WebPage Regulatory News
News OSFI Revises Implementation Timeline for Net Stable Funding Ratio OSFI revised the implementation timeline for net stable funding ratio (NSFR) for deposit-taking institutions in Canada to January 2020. February 06, 2018 WebPage Regulatory News
News ESMA Issues Translations of Guidelines on MiFID II Product Governance ESMA published the official translations of its guidelines on MiFID II product governance requirements. February 05, 2018 WebPage Regulatory News
News US Agencies Propose Amendments to the Swap Margin Rule US Agencies (OCC, FED, FDIC, FHFA, and Farm Credit Administration) proposed amendments to the swap margin requirements. February 05, 2018 WebPage Regulatory News
News BCL Updates Reporting Instructions and Validation Rules for AnaCredit BCL updated the reporting instructions, validation rules, list of reporting agents, and list of legal proceedings under the AnaCredit regulation. February 05, 2018 WebPage Regulatory News
News ECB Updates Q&A and Annexes to the AnaCredit Reporting Manual ECB updated the questions and answers (Q&A) on AnaCredit Reporting Manual, along with the Annexes containing lists of legal forms, national identifiers, and international organizations. February 02, 2018 WebPage Regulatory News
News EIOPA Q&A on Regulations: First Update for January 2018 EIOPA published new sets of questions and answers (Q&A) on guidelines on systemic governance, along with the implementing and delegating regulations applicable to insurers in Europe. February 02, 2018 WebPage Regulatory News
News ESMA Publishes Response of EC on Money Market Fund Regulation in EU ESMA published a letter by EC on the money market fund (MMF) regulation. February 02, 2018 WebPage Regulatory News
News ESMA Publishes Results of the Second EU-Wide CCP Stress Test ESMA published a report on the results of the second stress test exercise on central counterparties (CCPs) established in the EU, in addition to a Question and Answer (Q&A) document on the CCP stress test. February 02, 2018 WebPage Regulatory News
News HKMA Finalizes Banking Amendment Ordinance 2018 HKMA notified that the Banking (Amendment) Ordinance 2018 (BAO 2018) has been published in the Gazette and was passed by the Legislative Council on January 24, 2018. February 02, 2018 WebPage Regulatory News
News OCC Proposes Revisions to the Form DFAST-14A on Stress Testing OCC is consulting on revision to a regulatory reporting requirement for national banks and federal savings associations. February 02, 2018 WebPage Regulatory News
News EC Launches the EU Blockchain Observatory and Forum EC launched the EU Blockchain Observatory and Forum with the support of European Parliament. The Observatory and Forum will highlight key developments of the blockchain technology, promote European actors, and reinforce European engagement with multiple stakeholders involved in blockchain activities. February 01, 2018 WebPage Regulatory News
News EIOPA Consults on Standards Adapting Base Euro Amounts Under IDD EIOPA published a consultation paper on draft regulatory technical standards adapting the base euro amounts for professional indemnity insurance (PII) and for financial capacity of intermediaries under the Insurance Distribution Directive (IDD). February 01, 2018 WebPage Regulatory News
News ESMA Announces Date for Issuing Results of CCP Stress Tests in EU ESMA announced that it plans to publish, on February 02, 2018, the results of its second EU-wide stress test exercise for central counterparties (CCPs) established in the EU. February 01, 2018 WebPage Regulatory News
News FED Releases Scenarios and Instructions for the 2018 CCAR and DFAST FED released the scenarios that banks and supervisors will use for the 2018 Comprehensive Capital Analysis and Review (CCAR) and Dodd-Frank Act stress test exercises. February 01, 2018 WebPage Regulatory News
News IOSCO Issues Reports on Liquidity Risk Management for Investment Funds IOSCO issued a report on recommendations and good practices to improve liquidity risk management of open-ended collective investment schemes. February 01, 2018 WebPage Regulatory News
News FIN-FSA Amends Regulations Due to National Transposition of MiFID II FIN-FSA amended certain regulations and guidelines due to the national transposition of the Markets in Financial Instruments Directive II (MiFID II: Directive 2014/65/EU). February 01, 2018 WebPage Regulatory News
News APRA Outlines its Policy Priorities for 2018 APRA released an information paper that outlines its policy priorities for 2018 in the areas of banking, insurance, and cross-industry initiatives. January 31, 2018 WebPage Regulatory News
News SNB Revises Reporting Forms for Liquidity Monitoring Tools SNB revised the liquidity monitoring tool forms for group or single entity reporting. The revised forms are for FINMA supervisory categories 3 to 5 (valid from March 31, 2018). January 31, 2018 WebPage Regulatory News
News DNB Issues Banking Newsletter for January 2018 The recent issue covers updates related to the thematic research on management of risks in the field of terrorist financing, the regulation on controlled remuneration policy 2017, the new DNB statistics website, and the survey/QIS calendar for banks. January 31, 2018 WebPage Regulatory News
News DNB Issues Insurance Newsletter for January 2018 This issue highlights that a limited group of smaller and less complex insurers can request an exemption for their quarterly reports from DNB. January 31, 2018 WebPage Regulatory News
News EBA Launches the 2018 EU-Wide Stress Test Exercise EBA launched the 2018 EU-wide stress test and released the macroeconomic scenarios. January 31, 2018 WebPage Regulatory News
News ECB to Stress Test 37 Banks Under the 2018 EU-Wide EBA Stress Test The 2018 EU-wide stress test is being launched and ECB announced that it will examine 37 euro area banks as part of this exercise. EBA will coordinate the EU-wide exercise in cooperation with the ECB and national authorities. January 31, 2018 WebPage Regulatory News
News EC Issues Report on Recommendations for Sustainable Financing in EU EC published a report that sets out strategic recommendations for a European financial system that supports sustainable investments. EC welcomes this report by its High-Level Expert Group on Sustainable Finance. January 31, 2018 WebPage Regulatory News
News IMF Publishes Reports on the 2017 Article IV Consultation with Uruguay IMF published its staff report and selected issues report in the context of the 2017 Article IV consultation with Uruguay. January 31, 2018 WebPage Regulatory News
News PRA Updates Instructions on PRA102 and PRA103 Capital+ Forecast PRA updated the instructions on filling in data points in the reporting forms PRA102 Capital+ forecast and PRA103 Capital+ forecast. January 31, 2018 WebPage Regulatory News
News Bank of Finland Publishes AnaCredit Updates in January 2018 Bank of Finland published the updated Version 1.4 of the description of electronic reporting for credit data collection under the AnaCredit regulation. January 31, 2018 WebPage Regulatory News
News BDE Issues Circular on Guarantee Fund of Deposits in Spain BDE issued Circular 1/2018, which modifies Circulars 5/2016 and 8/2015 and enters into force on the day following its publication in the Official State Gazette. January 31, 2018 WebPage Regulatory News
News CBRC Publishes Comments on Intermediate Parent Undertakings Proposal CBRC published a joint comment letter on the proposals from EC to further strengthen the resilience of EU banks; this relates particularly to Article 21b of the Capital Requirement Directive (CRD) that requires non-EU groups above certain threshold to establish intermediate EU parent undertakings (IPU) in the EU. January 30, 2018 WebPage Regulatory News
News GAO Report on the Need to Enhance Procedures for Reviews Under RFA The U.S. GAO published an annual report examining the extent to which, and how, financial regulators performed the required Regulatory Flexibility Act (RFA) analyses and established policies and procedures for complying with the RFA requirements, among other objectives. January 30, 2018 WebPage Regulatory News
News EIOPA Publishes the Updated Work Program for 2018 EIOPA published the updated work program for 2018. The work program highlights and specifies the planned activities and tasks of EIOPA for the coming year, within the framework of a multiannual work program for 2017-2019. January 30, 2018 WebPage Regulatory News
News BCBS Chairman Speaks on Implementation and Effectiveness of Basel III The BCBS Chairman Stefan Ingves spoke about implementation of Basel III during his keynote address at the Institute for Law and Finance conference in Frankfurt. He highlighted that "finalizing Basel III was an important milestone." January 29, 2018 WebPage Regulatory News
News IAIS Issues Insurance Newsletter for January 2018 IAIS published the January issue of its newsletter. The Secretary General explains that 2018 will be an important year for IAIS. It is slated to make key decisions on the design of ICS Version 2.0 and on the development of a holistic approach to the mitigation of systemic risk in the global insurance sector. January 29, 2018 WebPage Regulatory News
News IMF Reports on the 2017 Article IV Consultation with Malta IMF published its staff report and selected issues report in context of the 2017 Article IV consultation with Malta. January 29, 2018 WebPage Regulatory News
News OCC Proposes to Renew Information Collection on Credit Risk Retention The OCC is soliciting comments on the renewal of its information collection on Credit Risk Retention. January 29, 2018 WebPage Regulatory News
News OSFI Issues Information Guide on Solvency Information Return OSFI published an information guide to assist administrators of pension plans, which are registered or have filed an application for registration under the Pension Benefits Standards Act 1985 (PBSA) in completing the Solvency Information Return (SIR) that is required to be filed with the OSFI. January 29, 2018 WebPage Regulatory News
News OSFI Published Reporting Requirements for OSFI-525 and OSFI-590 To streamline the filing process, OSFI will be requesting that federally regulated financial institutions (FRFIs) begin filing the OSFI 525 and OSFI 590 as unstructured returns via the Regulatory Reporting System effective February 2018 (returns due March 15, 2018). January 29, 2018 WebPage Regulatory News
News Sabine Lautenschläger of ECB Speaks on the Finalization of Basel III Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, spoke on the finalization of Basel III. January 29, 2018 WebPage Regulatory News
News US Agencies Complete Assessment of Resolution Plans of Foreign Banks US Agencies (FDIC and FED) communicated their expectations about the next resolution plans to 19 foreign-based banking organizations. January 29, 2018 WebPage Regulatory News
News CBE Circular on Regulation Related to the Implementation of IFRS 9 CBE published circular on regulation related to the implementation of IFRS 9. January 28, 2018 WebPage Regulatory News
News EBA Single Rulebook Q&A: Second Update for January 2018 One question related to recovery and resolution was published as part of the Single Rulebook Q&A this week. January 26, 2018 WebPage Regulatory News
News IAIS Publishes FAQ on the Implementation of ICS Version 2.0 IAIS published responses to the frequently asked questions (FAQ) on the implementation of ICS Version 2.0. January 26, 2018 WebPage Regulatory News
News IASB Provides Material on Implementing IFRS 17 for Insurance Contracts IASB published an article outlining the information and support available to national standard-setters and regulators planning for implementation of IFRS 17 Insurance Contracts. January 26, 2018 WebPage Regulatory News
News IMF Publishes Reports on the 2017 Article IV Consultation with Kuwait IMF published its staff report and selected issues report in context of the 2017 Article IV consultation with Kuwait. January 26, 2018 WebPage Regulatory News
News SBIF Extends Consultation Period for Provisions of Credit Risk SBIF is extending the consultation period on the regulation on the standard method for estimating the provisions for credit risk of the commercial portfolio of group analysis until March 16, 2018. January 25, 2018 WebPage Regulatory News
News EBA to Launch the 2018 EU-Wide Stress Test on January 31, 2018 EBA announced that it will formally launch the 2018 EU-wide stress test on January 31, 2018, at 5pm UK time. EBA will also publish the common macroeconomic scenarios for this exercise. January 24, 2018 WebPage Regulatory News
News Andreas Dombret of Bundesbank on Addressing Proportionality in Europe Dr Andreas Dombret of Deutsche Bundesbank spoke in Cape Town about the the importance of proportionality in regulation at the European as well as the international level. He emphasized that "The success of Basel III depends crucially on whether or not we get the implementation right." January 24, 2018 WebPage Regulatory News
News EC Consults on Amendments to Liquidity Coverage Requirements for Banks EC published a draft version of the commission delegated regulation amending Delegated Regulation (EU) 2015/61 of October 10, 2014 to supplement Capital Requirements Regulation (CRR or EU Regulation No 575/2013) with regard to liquidity coverage requirement for credit institutions. January 24, 2018 WebPage Regulatory News
News EP Issues Impact Assessment on Authorization and Recognition of CCPs EP issued a briefing on the initial appraisal of an EC impact assessment on authorization of central counterparties (CCPs) and recognition of third-country CCPs under European Market Infrastructure Regulation (EMIR or Regulation (EU) No 648/2012). January 24, 2018 WebPage Regulatory News
News FCA Consults on Handbook Changes Related to European MMF Regulation FCA published the consultation paper CP18/4 on changes to FCA Handbook to ensure that it is consistent with the requirements of the EU Money Market Funds (MMF) Regulation. January 24, 2018 WebPage Regulatory News
News FED Issues Federal Register Notices on FR Y-9C and Regulation QQ FED published the final Federal Register notice adopting a proposal to extend for three years, with revision, the FR Y-9C reporting form, among others. FED also posted initial Federal Register notice inviting comments on a proposal to extend, with revision, the mandatory reporting requirements associated with Regulation QQ. January 24, 2018 WebPage Regulatory News
News IMF Paper on Tool for Measuring Systemic Risk and Interconnectedness IMF published a working paper that presents the Systemic Risk and Interconnectedness (SyRIN) tool. The framework is designed to be a tool to identify vulnerabilities from a top-down perspective that can lead to deeper analysis in specific sectors for policy formulation. January 24, 2018 WebPage Regulatory News
News IMF Publishes Reports on the 2017 Article IV Consultation with Egypt IMF released its staff report and selected issues report for the Arab Republic of Egypt. January 23, 2018 WebPage Regulatory News
News EP Publishes a Working Document on Proposed Amendments to ESFS European Parliament (EP) published a working document on proposals to amend the European System of Financial Supervision (ESFS). January 23, 2018 WebPage Regulatory News
News IMF Releases Reports on 2017 Article IV Consultation with Hong Kong IMF published staff report and selected issues report in context of the 2017 Article IV consultation with People’s Republic of China—Hong Kong Special Administrative Region (SAR). January 22, 2018 WebPage Regulatory News
News SEC Chairman on Completing Mandates of Dodd Frank Rulemaking During the opening remarks at the Securities Regulation Institute in Washington DC, the SEC Chairman Jay Clayton discussed the expectations for market professionals when dealing with new products or new forms of old products, specifically in the Initial Coin Offering (ICO) space. January 22, 2018 WebPage Regulatory News
News Bundesbank Publishes List of Deactivated Validation Rules Deutsche Bundesbank published a list of validation rules from Annex XV of the EBA Implementing Technical Standards on supervisory reporting, which have been deactivated from a national point of view. January 22, 2018 WebPage Regulatory News
News MAS Amends Notice 610 on Submission of Statistics and Returns MAS amended Notice 610 regarding Submission of Statistics and Returns. January 22, 2018 WebPage Regulatory News
News EBA Lists Credit Institutions Subject to LCR Inflow Cap Derogation EBA published an updated list of credit institutions exempted from, or subject to, a higher cap on inflows in the calculation of the Liquidity Coverage Ratio (LCR); this is in accordance with the provisions laid down in the LCR Delegated Act. January 19, 2018 WebPage Regulatory News
News ESMA Updates Transparency Calculations for MiFID II/MiFIR ESMA published an extended version of the MiFID II/MiFIR transitional transparency calculations (TTCs) for equity and bond instruments, adding further instruments. January 19, 2018 WebPage Regulatory News
News Randal K. Quarles of FED Speaks on Improving Post-Crisis Regulations Randal K. Quarles, the FED Vice Chairman for Supervision, talked about evaluating and improving the post-crisis regulatory regime and outlined the emerging focus areas. January 19, 2018 WebPage Regulatory News
News SRB Issues Final Documents for the 2018 Liability Data Reporting SRB published the finalized documents for the 2018 Liability Data Reporting (LDR) process, along with a minor correction in the validation tool. January 19, 2018 WebPage Regulatory News
News IMF Report on Detailed Assessment of Observance of BCPs in India IMF published report on the Detailed Assessment of Observance of the Basel Core Principles for Effective Banking Supervision (BCPs), as part of the Financial Sector Assessment Program (FSAP) on India. January 19, 2018 WebPage Regulatory News
News FCA Publishes PS18/1 on Feedback to CP17/33 on Implementation of IDD FCA published the policy statement PS18/1, which sets out response to the feedback received to third consultation paper, CP17/33, on the Insurance Distribution Directive (IDD). January 19, 2018 WebPage Regulatory News
News EC Issues First Progress Report on Reduction of NPLs in EU Banks EC published the first progress report on tackling nonperforming loans (NPLs) in the EU. January 18, 2018 WebPage Regulatory News
News IOSCO Issues Statement on Concerns Related to Initial Coin Offerings IOSCO issued a communication on concerns related to the Initial Coin Offerings (ICOs). January 18, 2018 WebPage Regulatory News
News ESMA Consults on Contracts for Differences and Binary Options Measures ESMA published a call for evidence on potential product intervention measures related to the provision of contracts for differences (CFDs), including rolling spot forex and binary options to retail investors. January 18, 2018 WebPage Regulatory News
News OCC Report on Key Risks for the Federal Banking System OCC published its report titled Semiannual Risk Perspective for Fall 2017. The report highlights credit, operational, and compliance risks as key concerns for the federal banking system. January 18, 2018 WebPage Regulatory News
News ACPR Issues the COREP Taxonomy Version 2.7.0.1 Under CRR ACPR launched the taxonomy version 2.7.0.1 SUBCON under the Capital Requirements Regulation (CRR or Regulation 575/2013). January 18, 2018 WebPage Regulatory News
News SBIF Releases Technical Note on Fintech SBIF published a technical note on financial technology in the context of banking regulations and financial stability. January 18, 2018 WebPage Regulatory News
News EBA Report on Implementation of Guidelines on DGS Calculation Methods EBA published a report on the implementation of the guidelines on methods for calculating contributions to deposit guarantee schemes (DGSs). The report assesses authorities' compliance with the principles outlined in the EBA guidelines. January 17, 2018 WebPage Regulatory News
News HKMA Consults on Loss-Absorbing Capacity Requirements for Banks HKMA launched a two-month public consultation on a set of proposed rules related to loss-absorbing capacity (LAC) requirements for authorized institutions under the Financial Institutions (Resolution) Ordinance (Cap. 628). January 17, 2018 WebPage Regulatory News
News OSFI Issues Letter on 2016-17 ICAAP and Next ICAAP Submissions OSFI issued a letter that provides feedback on the 2016-17 Internal Capital Adequacy Assessment Process (ICAAP) Submission. January 17, 2018 WebPage Regulatory News
News PRA Postpones Introduction of the Liquidity Reporting Template PRA 110 PRA is postponing introduction of the new liquidity reporting template PRA110 by six months—from January 01, 2019 to July 01, 2019. This follows the consideration of responses to the consultation paper CP13/17 on Pillar 2 liquidity. January 17, 2018 WebPage Regulatory News
News EBA Issues Updated Risk Dashboard for Third Quarter of 2017 EBA published an updated risk dashboard for the third quarter of 2017, along with the results from the Risk Assessment Questionnaire. January 16, 2018 WebPage Regulatory News
News IMF Publishes Reports on the 2017 Article IV Consultation with Croatia IMF published staff report and selected issues report in context of the 2017 Article IV consultation with Croatia. January 16, 2018 WebPage Regulatory News
News ECB Publishes a Working Paper on Macro-Prudential Regulation in EU The paper introduces a new comprehensive data set on policies of a macro-prudential nature in the banking sectors of the 28 member states of the EU. January 15, 2018 WebPage Regulatory News
News BCL Updates Instructions and Validation Rules for AnaCredit Reporting BCL updated the reporting instructions, validation rules, technical specifications for collection, and list of reporting agents for AnaCredit. BCL also published updated reference documents related to AnaCredit that include lists of legal forms, national identifiers, and international organizations. January 15, 2018 WebPage Regulatory News
News EBA Guidelines on Disclosure Rules of IFRS 9 Transitional Arrangements EBA published the final guidelines on disclosure requirements of IFRS 9 or analogous expected credit losses (ECLs) transitional arrangements. January 12, 2018 WebPage Regulatory News
News EBA Single Rulebook Q&A: First Update for January 2018 The key topics covered in the updates are related to supervisory reporting, treatment of Physical Stock balances, coins and banknotes in counterbalancing capacity, reporting of individuals/households names, prices for various lengths of funding-currency spreads, and concentration of funding by counterparties. January 12, 2018 WebPage Regulatory News
News OSFI Revises the Capital Floor for Banks OSFI revised the capital floor that will set a minimum on the required regulatory capital for banks using internal models, relative to the Basel II standardized approach. January 12, 2018 WebPage Regulatory News
News Bundesbank Updates Guidelines and Q&A on Money Market Statistics Deutsche Bundesbank updated the guidelines and questions and answers (Q&A) on money market statistics. January 12, 2018 WebPage Regulatory News
News ESMA Issues Report on Fees Charged by CRAs and Trade Repositories ESMA published a thematic report on fees charged by credit rating agencies (CRAs) and trade repositories. The thematic report identifies the areas for improvement regarding transparency and disclosure, the fee-setting process, and the interaction with entities related to CRAs and trade repositories. January 11, 2018 WebPage Regulatory News
News HKMA Finalizes Return for Stable Funding Position of a Bank HKMA finalized the Return of Stable Funding Position (Return MA(BS)26) of an authorized institution, along with the associated completion instructions, after consultation with the two industry associations. January 11, 2018 WebPage Regulatory News
News HKMA Publishes Consultation Paper on Open API Framework for Banks HKMA issued a consultation on Open Application Programming Interfaces (API) framework. The consultation sets out the intended approach of HKMA to Open API for the banking industry in Hong Kong. January 11, 2018 WebPage Regulatory News
News IASB Issues IFRS Taxonomy Update for IFRS 17 on Insurance Contracts IASB issued an update to the IFRS Taxonomy 2017 for IFRS 17, the standard on Insurance Contracts. January 11, 2018 WebPage Regulatory News
News PRA Proposes Changes to Reporting Requirements for Insurers PRA published the consultation paper CP2/18 that proposes a number of regulatory reporting changes designed to reduce the burden for Solvency II firms and mutuals while maintaining the ability of PRA to meet its statutory objectives and to supervise firms. January 11, 2018 WebPage Regulatory News
News SBIF Consults on Modifications to Provisions of Credit Risk for Banks SBIF is consulting on the standard method for estimating the provisions for credit risk of the commercial portfolio of group analysis. January 11, 2018 WebPage Regulatory News
News PRA Publishes Letter on Transition Disclosures for the IFRS 9 Standard PRA published a letter sent to the CFOs of selected firms on transition disclosures for the IFRS 9 standard on Financial Instruments. January 11, 2018 WebPage Regulatory News
News APRA Releases Response to Submissions and Final ARS 223.0 for Banks APRA released a response to submissions and final reporting standard ARS 223.0 on residential mortgage lending reporting requirements for authorized deposit-taking institutions. January 10, 2018 WebPage Regulatory News
News HKMA Announces Increase in Jurisdictional CCyB Ratio for Hong Kong HKMA announced that the countercyclical capital buffer (CCyB) for Hong Kong will increase to 2.5% from the current 1.875%. January 10, 2018 WebPage Regulatory News
News Minneapolis Fed Releases Final Minneapolis Plan to End Too Big to Fail The Federal Reserve Bank of Minneapolis (Minneapolis Fed) released the final Minneapolis Plan to end too-big-to-fail (TBTF). January 10, 2018 WebPage Regulatory News
News Carolyn Rogers of OSFI on Basel III Lessons and Future Path for Canada Carolyn Rogers of OSFI discussed the lessons of Basel III and the path ahead for Canada while addressing the audience at the 2018 RBC Capital Markets Canadian Bank CEO Conference in Toronto. January 09, 2018 WebPage Regulatory News
News ESMA Exempts Certain Trading Venues from Open Access Under MiFIR ESMA published a list of the trading venues for which a temporary exemption from the open access provisions under 36(5) of the Markets in Financial Instruments Regulation (MiFIR) exists. January 09, 2018 WebPage Regulatory News
News ESMA Decides to Delay Publication of Double Volume Cap Data ESMA decided to delay publication of data on the double volume cap (DVC) mechanism for January 2018. January 09, 2018 WebPage Regulatory News
News ESMA Issues Position Management Controls for Commodity Derivatives ESMA issued the first badge of position management controls under the Markets in Financial Instruments Directive (MiFID II). January 09, 2018 WebPage Regulatory News
News ESMA Issues Register of Derivatives to be Traded On-Venue Under MiFIR ESMA published a public register of the derivative contracts that are subject to the trading obligation under the Markets in Financial Instruments Regulation (MiFIR). January 09, 2018 WebPage Regulatory News
News U.S. Senate Committee Hearing on Combating Money Laundering The Committee on Banking, Housing, and Urban Affairs met in Open Session to conduct a hearing entitled, “Combating Money Laundering and Other Forms of Illicit Finance: Opportunities to Reform and Strengthen BSA Enforcement.” January 09, 2018 WebPage Regulatory News
News BoE Issues Updated BEEDS User Guide and Solvency II XBRL Filing Manual BoE published the updated Bank of England Electronic Data Submission (BEEDS) user guide to reflect system changes relevant to firms using the User Acceptance Testing (UAT) environment. BoE also published the updated Solvency II XBRL filing manual. January 08, 2018 WebPage Regulatory News
News ESMA Consults On CCP Anti-Procyclicality Margin Measures ESMA is consulting on draft guidelines on anti-procyclicality margin measures for central counterparties (CCPs). The guidelines aim to clarify the implementation of anti-procyclicality provisions for CCPs under the European Markets Infrastructure Regulation (EMIR). January 08, 2018 WebPage Regulatory News
News PRA Publishes Consultation Paper on MREL Reporting PRA published the consultation paper CP1/18 that proposes PRA expectations for reporting on the minimum requirement for own funds and eligible liabilities (MREL) through updates to the supervisory statement SS19/13 on resolution planning. January 08, 2018 WebPage

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