EBA updated the Single Rulebook Q&A tool to reflect the revised Capital Requirements Directive CRD 5, the revised Capital Requirements Regulation CRR 2, and the revised Bank Recovery and Resolution Directive BRRD 2. EBA will now allow questions related to these legislations to be submitted, as they have been published in the Official Journal of the European Union. The questions submitted in the Q&A tool on the above-mentioned legislative texts should, as of August 02, 2019, pertain to the texts (and use references) as amended/updated. The Interactive Single Rulebook will be updated in due course.
The submitted questions should focus on provisions that are already applicable. For questions on issues whose application date lies in the future, EBA may defer the processing of the questions to a later stage. The processing of questions and the response time may also depend on the overall number of questions that will be received on the amended texts. Institutions, supervisors, and other stakeholders can use the Single Rulebook Q&A tool for submitting questions on CRD 5, CRR 2, BRRD 2, and the related technical standards that have been developed and adopted by EBA. The overall objective of the Q&A tool is to ensure consistent and effective application of the new regulatory framework across the Single Market and, hence, contribute to the building of the Single Rulebook in banking.
Keywords: Europe, EU, Single Rulebook, Q&A, CRR 2, BRRD 2, CRD 5, EBA
Previous ArticleEC Defers Application of Clearing Obligation for OTC Derivatives
In a letter addressed to the industry, the Australian Prudential Regulation Authority (APRA) set out an updated schedule of policy priorities for the banking, insurance, and superannuation industries.
The European Commission (EC) adopted a comprehensive review package of Solvency II rules in the European Union.
The Office of the Comptroller of the Currency (OCC) issued Versions 1.0 of the "Earnings" and "Regulatory Reporting" booklets of the Comptroller's Handbook.
The European Central Bank (ECB) published results of its economy-wide climate stress test, which aimed to assess the resilience of non-financial corporates and euro area banks to climate risks.
The European Banking Authority (EBA) published a report on the use of digital platforms in the banking and payments sector in European Union.
The Hong Kong Monetary Authority (HKMA) published updates on the policy measures that were announced in context of the ongoing pandemic.
The International Swaps and Derivatives Association (ISDA), along with several other associations, submitted a joint response to the Basel Committee on Banking Supervision (BCBS) consultation on preliminary proposals for the prudential treatment of cryptoasset exposures.
BIS published the September issue of the Quarterly Review, which contains special features that analyze the rapid rise in equity funding for financial technology firms, the effectiveness of policy measures in response to pandemic, and the evolution of international banking.
The Basel Committee for Banking Supervision (BCBS) met in September 2021 and reviewed climate-related financial risks, discussed impact of digitalization, and welcomed efforts by the International Financial Reporting Standards (IFRS) Foundation to develop a common set of sustainability reporting standards
The Office of the Comptroller of the Currency (OCC) issued a Cease and Desist Order against MUFG Union Bank for deficiencies in technology and operational risk governance.