EBA updated its online Interactive Single Rulebook and Q&A tool to include the Mortgage Credit Directive or MCD. Users will now be able to submit any questions they may have on the application of this directive and the related work of EBA.
Post the inclusion of this directive into the Single Rulebook and Q&A tool, users can review, on the website, all the final technical standards and guidelines of EBA associated with the Mortgage Credit Directive by navigating through the directive on an article by article basis. The purpose of the Q&A tool is to support the consistent and effective application of the EU regulatory framework for the banking sector. The Q&A tool also contributes to the completion of the legislative framework by ensuring any remaining regulatory loopholes are addressed. The process is based on close and ongoing interaction with EC so that responses in the Q&A tool are fully consistent with the EU legislative texts.
Keywords: Europe, EU, Banking, Q&A, Mortgage Credit Service, Technical Standards, Guidelines, Single Rulebook, EBA
ECB published a decision allowing the euro area banks under its direct supervision to exclude certain central bank exposures from the leverage ratio.
ESAs launched a survey seeking feedback on the presentational aspects of product templates under the Sustainable Finance Disclosure Regulation (SFDR or Regulation 2019/2088).
ECB published input of the European System of Central Banks (ESCB) into the EBA feasibility report on reducing the reporting burden for banks in EU.
ECB finalized the guide on assessment methodology for the internal model method for calculating exposure to counterparty credit risk (CCR) and the advanced method for own funds requirements for credit valuation adjustment (A-CVA) risk.
EBA published an Opinion addressed to EC to raise awareness about the opportunity to clarify certain issues related to the definition of credit institution in the upcoming review of the Capital Requirements Directive and Regulation (CRD and CRR).
APRA is consulting on updates to ARS 210.0, the reporting standard that sets out requirements for provision of information on liquidity and funding of an authorized deposit-taking institution.
FED released hypothetical scenarios for a second round of stress tests for banks.
FED is proposing to temporarily revise the capital assessments and stress testing reports (FR Y-14A/Q/M) to implement the changes necessary to conduct stressed analysis in connection with the re-submission of capital plans, using data as of June 30, 2020.
FED adopted a proposal to extend for three years, with revision, the information collection under the market risk capital rule (FR 4201; OMB No. 7100-0314).
EBA published a voluntary online survey seeking input from credit institutions on their practices and future plans for Pillar 3 disclosures on the environmental, social, and governance (ESG) risks.