BaFin Issues Consultation 10/2019 on External Bail-In Implementation
BaFin issued the consultation 10/2019 on external bail-in implementation in Germany. The consultation document describes the parties involved, their responsibilities, communication channels, and interfaces as well as timing and information requirements in the context of external bail-in implementation. It is based on a baseline scenario, which will be successively extended by further complexity levels in the future. It is addressed to all institutions in the Federal Republic of Germany for which the settlement strategy envisages the application of bail-in. Responses on the consultation are requested by June 11, 2019.
Related Links (in German)
Comment Due Date: June 11, 2019
Keywords: Europe, Germany, Banking, Securities, Bail-In, Consultation 10/2019, Recovery and Resolution, BaFin
Previous Article
ACPR Publishes Draft of ORPS Taxonomy Version 1.0.0Related Articles
BoE Clarifies Approach to Treatment of Payment Holidays on Form PL
BoE published a statistical notice (Notice 2020/9) explaining the approach for treatment of payment holidays on the profit and loss return or Form PL.
BoE Provides Reporting Update on Form AS and Form FV
BoE updated the known issues document for the statistical reporting Forms AS and FV.
BIS Publishes Update on G20 TechSprint Initiative
BIS published an update on the G20 TechSprint Initiative, which was launched in April 2020 and aims to highlight the potential for technologies to resolve regulatory compliance (regtech) and supervisory (suptech) challenges.
FED Announces Capital Requirements for Large Banks
FED announced individual capital requirements for 34 large banks and these requirements go into effect on October 01, 2020.
SRB Publishes Guidance on Implementation of Bail-In Tool
SRB published a set of documents to give operational guidance to banks on implementation of the bail-in tool.
OSFI Provides Update on Implementation of IFRS 17 in Canada
OSFI published a letter that provides an update on the milestones for the implementation of the IFRS 17 standard on insurance contracts.
EBA Provides Clarity on Implementation of Guidance on COVID Reporting
EBA updated the report on the implementation of selected COVID-19 policies.
FSI Note Discusses Challenges Associated with COVID Relief Measures
The Financial Stability Institute (FSI) of BIS published a brief note that examines the supervisory challenges associated with certain temporary regulatory relief measures introduced by BCBS and prudential authorities in response to the COVID-19 pandemic.
BCBS Consults on Principles for Operational Risk and Resilience
BCBS is consulting on the principles for operational resilience and the revisions to the principles for sound management of operational risk for banks.
BoE Updates Template and Definitions for Form ER
BoE updated the reporting template for Form ER as well as the Form ER definitions, which contain guidance on the methodology to be used in calculating annualized interest rates.
