Featured Product

    FIN-FSA Publishes Regulations and Guidelines Related to CRR

    August 09, 2019

    FIN-FSA published regulations and guidelines (5/2019) related to the Capital Requirements Regulation (CRR or EU Regulation No 575/2013) and they enter into force on September 01 2019. The new regulations and guidelines consist of an update of regulations and guidelines 25/2013 on capital requirements calculation and large exposures. The objective of these regulations and guidelines is to provide supervised entities with instructions, within the limits allowed by EU regulation, on the capital adequacy and liquidity risk requirements, on large exposures, and on the disclosure of information. The instructions are related to the national application of CRR as well as regulations and guidelines of EBA and ECB.

    These regulations and guidelines include the FIN-FSA regulations on options and national discretions allowed in CRR. On entry into force, the regulations and guidelines 5/2019 shall repeal Regulations and guidelines 25/2013 on Capital requirements calculation and large exposures, Regulations and guidelines 10/2014 on Disclosure of encumbered and unencumbered assets, and Regulations and guidelines 4/2013 on Calculation of Stressed VaR and Incremental Risk Charge. These regulations and guidelines also repeal the FIN-FSA statement from December 31, 2013 on the regulatory options and discretions left in CRR for the competent authority. The most material changes compared to regulations and guidelines 25/2013 include:

    • Change in the scope of application
    • Updated positions of FIN-FSA on options and discretions under CRR 
    • Addition of new chapters, specifically chapter 5 on capital adequacy treatment of qualifying holdings outside the financial sector, chapter 9 on capital requirements for counterparty risk, and chapter 14 on liquidity risk requirements
    • Amendments to chapter 2 on legal framework and international recommendations, chapter 6 on capital requirements for credit risk under the standardized approach, chapter 7 on capital requirements for credit risk under the internal ratings based approach, chapter 10 on capital requirements for market risk, chapter 13 on large exposures, and chapter 15 on disclosure of capital adequacy and liquidity risk information

    These regulations and guidelines are applicable to supervised entities, including credit institutions, certain investment firms, central bodies of amalgamations of deposit banks, holding companies of credit institutions, holding companies of investment firms, and parent companies of financial and insurance conglomerates. These regulations and guidelines do not apply to credit institutions, the supervision of which has been transferred to ECB in accordance with the Single Supervisory Mechanism (SSM) Regulation. Parent companies of financial and insurance conglomerates are only subject to chapter 13 of these regulations and guidelines.

     

    Related Links

    Effective Date: September 01, 2019

    Keywords: Europe, Germany, Banking, Insurance, CRR, Regulations and Guideline 5/2019, Options and Discretions, ECB, FIN-FSA

    Featured Experts
    Related Articles
    News

    APRA Decides to Standardize Submission Date for Quarterly Reporting

    APRA announced the standardization of quarterly reporting due dates for authorized deposit-taking institutions.

    May 11, 2021 WebPage Regulatory News
    News

    Bundesbank Publishes Supporting Documentation for Reporting by Banks

    Bundesbank published a list of "EntryPoints" that are accepted in its reporting system; the list provides taxonomy version and name of the module against each EntryPoint.

    May 11, 2021 WebPage Regulatory News
    News

    ECB Working Group Publishes Recommendations on EURIBOR Fallbacks

    The private sector working group of ECB on euro risk-free rates published the recommendations to address events that would trigger fallbacks in the Euro Interbank Offered Rate (EURIBOR)-related contracts, along with the €STR-based EURIBOR fallback rates (rates that could be used if a fallback is triggered).

    May 11, 2021 WebPage Regulatory News
    News

    EBA Publishes Phase 1 of Reporting Framework 3.1

    EBA published the phase 1 of its reporting framework 3.1, with the technical package covering the new reporting requirements for investment firms (under the implementing technical standards on investment firms reporting).

    May 10, 2021 WebPage Regulatory News
    News

    APRA to Finalize Capital Adequacy Standard Revisions by January 2022

    Asia Pacific Australia Banking APS 111 Capital Adequacy Regulatory Capital Basel RBNZ APRA

    May 10, 2021 WebPage Regulatory News
    News

    ESMA Issues Guidelines on Outsourcing to Cloud Service Providers

    ESMA published the final guidelines on outsourcing to cloud service providers.

    May 10, 2021 WebPage Regulatory News
    News

    EBA Publishes Data on Deposit Guarantee Schemes

    EBA published annual data for two key concepts and indicators in the Deposit Guarantee Schemes (DGS) Directive—available financial means and covered deposits.

    May 10, 2021 WebPage Regulatory News
    News

    OSFI Sets Out Plan for Future Guidance on Managing Technology Risk

    OSFI has set out the schedule for release of draft guidance on the management of technology risks by federally regulated financial institutions and private pension plans.

    May 10, 2021 WebPage Regulatory News
    News

    MAS Updates Housing Loan Rules, Proposes Corporate Governance Guidance

    MAS updated rules for new housing loans by banks and finance companies.

    May 10, 2021 WebPage Regulatory News
    News

    HKMA Publishes Guideline on Sustainable Finance Grant Scheme

    HKMA published a statement on the 100% Personal Loan Guarantee Scheme and a guideline on the Green and Sustainable Finance Grant Scheme (GSF Grant Scheme) as announced in the 2021-22 Budget.

    May 09, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6959