Guideline (EU) 2019/1335 of ECB, which has been published in the Official Journal of European Union, amends Guideline (EU) 2018/876 on the Register of Institutions and Affiliates Data, or RIAD (ECB/2019/17). Guideline (EU) 2019/1335 shall take effect on the day of its notification to the national central banks of member states whose currency is the euro. The national central banks of the member states whose currency is the euro shall comply with this guideline from October 02, 2019.
ECB maintains the Register of Institutions and Affiliates Data (RIAD), which is a shared dataset for the European System of Central Banks (ESCB) of reference data on legal and other statistical institutional units. RIAD should contain data necessary for some changes in benchmarks in money markets to better support business processes across the Eurosystem and the performance of the tasks of the ESCB. In this context, RIAD should contain up-to-date relevant data for the determination of the euro short-term rate in accordance with Article 8(5) of Guideline (EU) 2019/1265 of ECB (ECB/2019/19). Therefore, it is necessary to amend Article 22 of Guideline (EU) 2018/876.
To facilitate the identification of counterparties in the common granular analytical credit database (AnaCredit) by the reporting agents in accordance with AnaCredit Regulation (EU 2016/867) and Guideline (EU) 2017/2335, an additional attribute value for the confidentiality status of data recorded in RIAD needs to be included in the RIAD data exchange model. Therefore, it is necessary to amend Article 10 of Guideline (EU) 2018/876 to provide for this. The collection and reporting of statistical information on pension funds is necessary to support ECB in carrying out monetary and financial analysis and for the contribution of ESCB to the stability of the financial system. Consequently, pension funds should be recorded in RIAD. It is, therefore, necessary to update Chapter VI of Guideline (EU) 2018/876 in relation to the specific provisions on the recording of reference data for the publication of the list of pension funds. Overall, the key changes to Guideline (EU) 2018/876 include the following:
- In Article 1, paragraph 2 has been replaced.
- New points have been added in Article 2.
- In Article 10; paragraphs 1, 2, 3, 4, and 6 have been replaced.
- Articles 19 and 22 have been replaced.
- Annex I and II Guideline (EU) 2018/876 have been replaced by Annex I and II to Guideline (EU) 2019/1335. The amendments to Annex I and II are necessary to reflect the new provisions on the euro short-term rate and pension funds.
Keywords: Europe, EU, Banking, Pension Funds, RIAD, AnaCredit, €STR, Reporting, Guideline 2019/1335, Guideline 2018/37, ECB
EBA published an erratum for the technical package on phase 2 of the reporting framework 3.0.
MAS amended Notice 643A that addresses requirements for banks to prepare statements of exposures and credit facilities to related concerns or parties.
ECB has published, in the Official Journal of the European Union, the Guideline 2021/565 on the euro short-term rate (€STR) and this guideline amends the previous ECB Guideline 2019/1265.
EBA launched a consultation on the draft regulatory technical standards on the list of countries with an advanced economy for calculating the equity risk under the alternative standardized approach (FRTB-SA).
PRA is proposing, via CP7/21, the approach to implementing new requirements related to the specification of the nature, severity, and duration of an economic downturn in the internal ratings-based (IRB) approach to credit risk.
The UK government launched the Recovery Loan Scheme (RLS) as part of its continued COVID-19 support for UK businesses, as announced by HM Treasury on March 03, 2021.
FSB published a letter, from its Chair Randal K. Quarles, to the G20 Finance Ministers and Central Bank Governors, ahead of their virtual meeting on April 07, 2021.
OSFI issued a letter to the deposit-taking institutions issuing covered bonds and announced the unwinding of the temporary increase to the covered bond limit for deposit-taking institutions, effective immediately.
To support recovery from the COVID-19 crisis, EU has published two regulations to amend the securitization framework, as set out in the Securitization Regulation (2017/2402) and the Capital Requirements Regulation or CRR (575/2013).
HM Treasury announced that G7 Finance Ministers and Central Bank Governors met ahead of COP 26, the 2021 UN Climate Change Conference, and agreed on green agenda.