General Information & Client Services
  • Americas: +1.212.553.1653
  • Asia: +852.3551.3077
  • China: +86.10.6319.6580
  • EMEA: +44.20.7772.5454
  • Japan: +81.3.5408.4100
Media Relations
  • New York: +1.212.553.0376
  • London: +44.20.7772.5456
  • Hong Kong: +852.3758.1350
  • Tokyo: +813.5408.4110
  • Sydney: +61.2.9270.8141
  • Mexico City: +001.888.779.5833
  • Buenos Aires: +0800.666.3506
  • São Paulo: +0800.891.2518
December 01, 2017

EC launched a public consultation on fitness check on supervisory reporting, with the comment period ending on February 28, 2018. EC also published a progress report providing an update on the follow-up to the Call for evidence on the EU regulatory framework for financial services. This call for evidence was launched in 2015 by EC to assess whether rules adopted since the financial crisis were working as intended.

The consultation is structured along three sections, reflecting the key identified issues and challenges with respect to the EU supervisory reporting framework:

  • Assessing the effectiveness, efficiency, relevance, coherence, and added value of supervisory reporting requirements in place by the end of 2016
  • Quantifying the cost of compliance with supervisory reporting requirements
  • Identifying possible ways to simplify and streamline supervisory reporting

Respondents to this consultation should provide their answers on the basis of the reporting frameworks that are relevant for them. They should consider the costs incurred until the end of December 2016—and only for the frameworks in force at that date. The overall aim is to assess the effectiveness of reporting, which supervisors in the EU need from financial market players.

 

Related Links

Comment Due Date: February 28, 2018

Keywords: Europe, EU, Banking, Supervisory Reporting, Fitness Check, Proportionality, EC

Related Insights
News

PRA Issues Policy Statement on Pillar 2A Capital Rules and Disclosure

PRA published the Policy Statement PS30/17, which provides feedback to the responses to the consultation paper CP12/17 on Pillar 2A capital requirements and disclosure.

December 12, 2017 WebPage Regulatory News
News

PRA Consults on Changes to Solvency II Internal Models for Insurers

PRA launched a consultation paper (CP27/17) that proposes updated expectations of firms in respect of the model change process set out in the SS12/16 and internal model change policies set out in SS17/16 .

December 12, 2017 WebPage Regulatory News
News

EBA Issues Regulatory Standards on Central Contact Points Under PSD2

EBA published the final draft regulatory technical standards on Central Contact Points under the revised Payment Services Directive (PSD2).

December 11, 2017 WebPage Regulatory News
News

EIOPA Releases Editable Template for IPID

EIOPA has worked with EC to develop an electronic and editable version of the IPID template in all official languages of the EU.

December 11, 2017 WebPage Regulatory News
News

PRA Updates SS16/16 on MREL Buffers and Threshold Conditions

SS16/16 was updated following the consultation paper CP15/17 titled “The minimum requirement for own funds and eligible liabilities (MREL) – buffers.”

December 11, 2017 WebPage Regulatory News
News

EIOPA Opinion on Consumer Protection Issues in Unit-Linked Market

EIOPA published an Opinion on monetary incentives and remuneration between providers of asset management services and insurers.

December 11, 2017 WebPage Regulatory News
News

APRA Welcomes Finalization of Basel III Capital Framework for Banks

The announcement confirms that the final set of measures designed to address deficiencies in the internationally agreed capital framework, following the global financial crisis, and are primarily focused on addressing undue variability in risk-weighted assets, and therefore capital requirements, across banks.

December 08, 2017 WebPage Regulatory News
News

EBA Issues Revised List of ITS Validation Rules in December 2017

The update highlights rules that have been deactivated either for incorrectness or for triggering IT problems.

December 08, 2017 WebPage Regulatory News
News

EBA Single Rulebook Q&A: Second Update for December 2017

The key topics covered in the updates are related to supervisory reporting, including the treatment of expected loss amounts and reporting on loss adjustments.

December 08, 2017 WebPage Regulatory News
News

ESMA to Update MiFID II Registers from January 2018

ESMA will compile the registers based on data provided by the national competent authorities of the member states of the European Economic Area (EEA), on and from January 03, 2018.

December 08, 2017 WebPage Regulatory News
News

IAIS Consults on Activities-Based Approach to Systemic Risk for Insurers

IAIS released an interim public consultation paper on an activities-based approach to systemic risk in the insurance sector.

December 08, 2017 WebPage Regulatory News
News

EIOPA Publishes Its Sixth Consumer Trends Report

The report outlines key developments in the insurance and pensions sectors that impact European consumers.

December 08, 2017 WebPage Regulatory News
News

FED Plans for Three New Reference Rates Based on Overnight Repo Trade

FED announced final plans for the production of three new reference rates (namely SOFR, TGCR, and BGCR) based on overnight repurchase agreement (repo) transactions secured by Treasury securities.

December 08, 2017 WebPage Regulatory News
News

APRA Releases Annual Paper on Countercyclical Capital Buffer

APRA released the annual Information Paper on the countercyclical capital buffer (CCyB). CCyB is designed to raise banking sector capital requirements in periods where excess credit growth is judged to be associated with the build-up of systemic risk. APRA is maintaining CCyB at 0%.

December 07, 2017 WebPage Regulatory News
News

APRA Revises the Large Exposures Framework for Depository Institutions

APRA released a response paper setting out revisions to the prudential framework for large exposures of authorized deposit-taking institutions.

December 07, 2017 WebPage Regulatory News
News

GHOS Finalizes Outstanding Basel III Regulatory Reforms

The oversight body of BCBS, which constitutes the Group of Central Bank Governors and Heads of Supervision (GHOS), has endorsed the outstanding Basel III post-crisis regulatory reforms.

December 07, 2017 WebPage Regulatory News
News

BCBS Discussion Paper on Regulatory Treatment of Sovereign Exposures

BCBS completed its review of the regulatory treatment of sovereign exposures, without changes to current rules.

December 07, 2017 WebPage Regulatory News
News

EBA Welcomes Final Basel III Reforms and Assesses Their Impact in EU

EBA also published a summary of the results of its study showing the impact of the agreed reforms on the EU banking sector.

December 07, 2017 WebPage Regulatory News
News

ECB Approves ECMS Project and Consolidation of Settlement Systems

The Governing Council of ECB approved the consolidation of the Eurosystem’s real-time gross settlement system TARGET2 and the securities settlement platform TARGET2-Securities (T2S), along with the development of a Eurosystem Collateral Management System.

December 07, 2017 WebPage Regulatory News
News

ESAs Amend Implementing Technical Standards on Mapping of ECAIs

The amendments reflect the recognition of five new credit rating agencies (CRAs) and the deregistration of one CRA.

December 07, 2017 WebPage Regulatory News
News

FED Consults on Increasing Transparency of the Stress Testing Program

FED requested comment on a package of proposals that would increase the transparency of its stress testing program while maintaining the FED’s ability to test the resilience of the nation's largest and most complex banks.

December 07, 2017 WebPage Regulatory News
News

European Council Adopts Creditor Hierarchy and IFRS 9 Rules for Banks

The European Council adopted two legislative acts on banking: the first is a directive on the ranking of unsecured debt instruments in insolvency proceedings (bank creditor hierarchy) and the second is a regulation on transitional arrangements to phase in the regulatory capital impact of IFRS 9.

December 07, 2017 WebPage Regulatory News
News

FSB Welcomes Finalization of Basel III Reforms

FSB welcomes the announcement by the Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of BCBS, that agreement has been reached on the finalization of Basel III.

December 07, 2017 WebPage Regulatory News
News

IMF Statement on Basel III Bank Capital Standards

IMF welcomed the finalization of Basel III capital standards.

December 07, 2017 WebPage Regulatory News
News

OSFI Welcomes Final Basel III Reforms

OSFI welcomed the announcement that the final pieces of the Basel III reforms have been endorsed by the Group of Central Bank Governors and Heads of Supervision, the committee that oversees the BCBS.

December 07, 2017 WebPage Regulatory News
News

US Agencies Support Conclusion of Basel III Reforms

US Agencies (FDIC, FED, and OCC) announced their support for the conclusion of efforts to reform the international bank capital standards, which were initiated in response to the global financial crisis.

December 07, 2017 WebPage Regulatory News
News

PRA Publishes Feedback for General Insurance Stress Test 2017

The letter summarizes the PRA feedback and the key findings of this exercise, along with suggestions about potential areas for improvements that impact underwriting, finance, and risk functions.

December 07, 2017 WebPage Regulatory News
News

EC Welcomes Agreement on Basel III Post-Crisis Reforms

EC follows up on the agreement to further strengthen the international post-crisis rules for banks, by setting out its approach to these new rules in the EU.

December 07, 2017 WebPage Regulatory News
News

EC Adopts Equivalence Decision for Derivatives Trading Venues in US

EC issued the Commission Implementing Decision (EU) 2017/2238 on the equivalence of legal and supervisory framework applicable to designated contract markets and swap execution facilities in the United States, in accordance with the Markets in Financial Instruments Regulation (MiFIR: Regulation (EU) No 600/2014).

December 06, 2017 WebPage Regulatory News
News

EC Amends Rules on Reporting Templates and Instructions Under CRR

EC published the Commission Implementing Regulation on reporting templates and instructions.

December 06, 2017 WebPage Regulatory News
News

PRA Consults on Model Risk Management Principles for Stress Testing

PRA published the consultation paper CP26/17, which sets out proposals to support effective practices in model risk management for stress testing.

December 06, 2017 WebPage Regulatory News
News

FSB Publishes Peer Review of Korea

FSB published its peer review of Korea, which examined the crisis management and resolution framework, along with the regulation and supervision of non-bank depository institutions (NBDIs) in the country.

December 06, 2017 WebPage Regulatory News
News

PRA Consults on Updates to Pillar 2 Reporting Requirements

PRA published the consultation paper CP25/17, which proposes updates to the Pillar 2 reporting requirements.

December 06, 2017 WebPage Regulatory News
News

EC Issues Roadmap for Deepening Economic and Monetary Union in Europe

EC set out a roadmap, in addition to certain key measures, to deepen the Economic and Monetary Union (EMU) in Europe.

December 06, 2017 WebPage Regulatory News
News

ESAs Issue Regulatory Standards to Enhance Management of ML/TF Risks

ESAs published a final report on joint draft regulatory technical standards specifying the way credit and financial institutions should manage money laundering and terrorist financing (ML/TF) risks.

December 06, 2017 WebPage Regulatory News
News

FCA Announces List of Firms for Third Cohort of Regulatory Sandbox

FCA announced the list of firms that were successful in their applications to begin testing in the third cohort of the regulatory sandbox.

December 06, 2017 WebPage Regulatory News
News

ESMA Updates Key Transitional Transparency Calculations Under MiFID II

ESMA published the MiFID II/MiFIR transitional transparency calculations (TTC) for equity and bond instruments.

December 06, 2017 WebPage Regulatory News
News

IMF Concludes Financial Sector Stability Assessment with China

IMF published reports on the Financial System Stability Assessment (FSSA) and the detailed assessment of the observance (DAO) of standards and codes in China.

December 06, 2017 WebPage Regulatory News
News

SRB Holds Second Annual Conference on Building Resolvability Together

SRB held, in Brussels, its second annual conference, “Building Resolvability Together,” and published a report describing the key developments and activities during the conference.

December 06, 2017 WebPage Regulatory News
News

OFR Reports Examine Risks to Financial Stability in the United States

OFR published two reports examining risks to financial stability in the United States: the 2017 Annual Report to Congress and the 2017 Financial Stability Report.

December 05, 2017 WebPage Regulatory News
News

Verena Ross of ESMA at Global Capital Markets Conference in London

Verena Ross, Executive Director of ESMA, gave a keynote address at the ICI 2017 Global Capital Markets Conference in London.

December 05, 2017 WebPage Regulatory News
News

SRB Publishes First Multi-Annual Planning and Work Program

SRB published its first multi-annual programming document, including its Work Program for 2018. SRB sets out an ambitious roadmap for improving the resolvability of the banks under its remit over the next three years.

December 04, 2017 WebPage Regulatory News
News

EBA Single Rulebook Q&A: First Update for December 2017

The Single Rulebook updates for the first week of this month include two items, which are related to the transactions with maturities longer than 10 years and the scope of bail-in tool.

December 01, 2017 WebPage Regulatory News
News

VP of EC Speaks at EU-Asia Pacific Forum on Financial Regulation

The EC Vice President Valdis Dombrovskis spoke at the second annual EU-Asia Pacific Forum on Financial Regulation.

December 01, 2017 WebPage Regulatory News
News

FINMA Revises Circular on Auditing, Makes Rules More Risk-Oriented

FINMA is consulting on revisions to the Circular 2013/03 on Auditing to ensure that auditing firms, who act on behalf of FINMA, operate in a more targeted manner in the future.

November 30, 2017 WebPage Regulatory News
News

Danièle Nouy of ECB on Addendum to the Guidance to Banks on NPLs

Danièle Nouy, Chair of the ECB Supervisory Board, and Sharon Donnery, Chair of the ECB High Level Group on NPLs, spoke in Frankfurt about public consultation on the draft addendum to the ECB guidance to banks on non-performing loans (NPLs).

November 30, 2017 WebPage Regulatory News
News

FSB Consults on Aspects of Guidance for Resolution Planning for G-SIBs

FSB is consulting on two proposals for guidance on the implementation of particular aspects of its Key Attributes of Effective Resolution Regimes for global systemically important banks (G-SIBs).

November 30, 2017 WebPage Regulatory News
News

ECB Publishes Paper on Developing Macro-Prudential Policy for AIFs

ECB published a paper on developing macro-prudential policy for alternative investment funds (AIFs). This joint ECB-DNB occasional paper aims to inform the ongoing discussions about an EU-level framework for operationalizing macro-prudential leverage limits for alternative investment funds (AIFs).

November 30, 2017 WebPage Regulatory News
News

Verena Ross of ESMA on Establishing a Common EU Third-Country Regime

Verena Ross, the Executive Director of ESMA, focused her remarks on the EU regulatory framework and the role of ESMA; work of ESMA toward further strengthening the third-country frameworks; and implications of the EU regulation (for example, MiFID II/MiFIR) on Asian firms.

November 30, 2017 WebPage Regulatory News
News

MAS Amends Notice 637 on Capital Adequacy Requirements for Banks

MAS amended Notice 637 on risk-based capital adequacy requirements for banks incorporated in Singapore and the amendments shall take effect on January 01, 2018.

November 29, 2017 WebPage Regulatory News
News

BaFin Publishes Indicative Position Limits for Commodity Derivatives

BaFin published the list of indicative position limits for commodity derivatives under the second Markets in Financial Instruments Directive (MiFID II).

November 29, 2017 WebPage Regulatory News
News

ECB Issues Guideline on Procedures for Collection of AnaCredit Data

ECB published a guideline (ECB/2017/38) on the procedures for collection of granular credit and credit risk data, pursuant to the AnaCredit Regulation (EU Regulation 2016/867).

November 29, 2017 WebPage Regulatory News
News

ECB Issues the Results of Financial Stability Review

The financial stability review assesses developments relevant for financial stability, including identifying and prioritizing the main sources of systemic risk and vulnerabilities for the euro area financial system.

November 29, 2017 WebPage Regulatory News
News

ESMA Releases Peer Review Results for Compliance Function Under MiFID

ESMA published the results of its Peer Review on the guidelines on certain aspects of the compliance function under Markets in Financial Instruments Directive (MiFID).

November 29, 2017 WebPage Regulatory News
News

OSFI Releases Final Version of CAR Guideline for 2018

OSFI is releasing the final version of the Capital Adequacy Requirements (CAR) Guideline for implementation in the first quarter of 2018.

November 29, 2017 WebPage Regulatory News
News

DNB Issues Banking Newsletter for November 2017

DNB issued the banking newsletter for November 2017. This month’s issue focuses on vision for supervision 2018-2022.

November 29, 2017 WebPage Regulatory News
News

DNB Issues Insurance Newsletter for November 2017

This issue highlights that DNB adopted its Vision on Supervision 2018-2022, with the key focus areas being technological innovation combined with sustainability and orientation toward future, proportionality of supervision, and financial position of the insurers, mainly solvency of life and funeral insurers.

November 29, 2017 WebPage Regulatory News
News

OCC Adopts Rule on Mandatory Contractual Stay Requirements for QFCs

OCC adopted the final rule on mandatory contractual stay requirements for qualified financial contracts (QFCs).

November 29, 2017 WebPage Regulatory News
News

EC Issues Rules Supplementing MiFIR on Liquidity of Package Orders

EC published the Commission Delegated Regulation (EU) 2017/2194 on markets in financial instruments with regard to package orders.

November 28, 2017 WebPage Regulatory News
News

BoE Announces Results of the 2017 Stress Test on Banks

BoE announced the results of its 2017 stress test of the banking system in the UK. For the first time since this stress test was launched in 2014, no bank needs to strengthen its capital position as a result of the stress test.

November 28, 2017 WebPage Regulatory News
News

BoE Publishes the Financial Stability Report for 2017

The Financial Policy Committee (FPC) of BoE published the financial stability report for 2017, in addition to the results of its 2017 stress test for the banking sector in the UK.

November 28, 2017 WebPage Regulatory News
News

ECB Consults on Developing a Euro Unsecured Overnight Interest Rate

ECB is consulting on developing a new euro unsecured overnight interest rate. It is calling on market participants and all other interested parties to provide comments on the high-level features of the new unsecured overnight interest rate.

November 28, 2017 WebPage Regulatory News
News

EC Vice President on Tackling Challenges in Banking Sector in Europe

The EC Vice President Valdis Dombrovskis highlighted the post-crisis achievements in areas such as Banking Union, single rulebook, and supervisory and resolution mechanisms, in addition to the challenges that still remain—particularly in the context of small and medium-size banks.

November 28, 2017 WebPage Regulatory News
News

EBA Repeals Guidelines on Retail Deposits with Different Outflows

EBA is formally repealing the guidelines that specify the criteria for identifying retail deposits subject to different outflows, for the purpose of liquidity reporting.

November 27, 2017 WebPage Regulatory News
News

EC Adopts Regulatory Standards on Customer Authentication Under PSD2

EC is adopting the regulatory technical standards on customer authentication, which will make electronic payments in shops and online safer.

November 27, 2017 WebPage Regulatory News
News

ECB Article on Overcoming NPL Failures with Transaction Platforms

ECB published a special feature on overcoming nonperforming loan (NPL) market failures with transaction platforms. This feature is part of the financial stability review of November 2017.

November 27, 2017 WebPage Regulatory News
News

IAIS Newsletter for November 2017

The key highlight is the conclusion of the IAIS Annual Conference and General Meeting.

November 27, 2017 WebPage Regulatory News
News

EC Amends Rules on Procedures, Formats, and Templates of SFCR

EC published the Commission Implementing Regulations (CIRs) 2017/2189 and 2017/2190, which shall enter into force on the twentieth day following that of their publication in the Official Journal of the European Union.

November 25, 2017 WebPage Regulatory News
News

EC Amends Waiver on Own Funds Requirements for Covered Bonds Under CRR

EC published the Commission Delegated Regulation (EU) 2017/2188 on the waiver on own funds requirements for certain covered bonds.

November 25, 2017 WebPage Regulatory News
News

EBA Single Rulebook Q&A: Fourth Update for November 2017

The Single Rulebook updates for the third week of this month include nine items.

November 24, 2017 WebPage Regulatory News
News

CBRC Consults on Revised IRRBB Guidelines for Banks

CBRC is consulting on the revised guidelines for interest rate risk in the banking book (IRRBB) for commercial banks.

November 24, 2017 WebPage Regulatory News
News

Danièle Nouy of ECB on Role of Banking Supervision in NPL Resolution

Danièle Nouy, Chair of the ECB Supervisory Board, spoke in Frankfurt about the progress of the European banking supervision over the past three years, along with the path forward.

November 24, 2017 WebPage Regulatory News
News

EBA Publishes Report on Risks and Vulnerabilities in EU Banking Sector

EBA published its tenth report on risks and vulnerabilities in the banking sector in EU.

November 24, 2017 WebPage Regulatory News
News

ECB Publishes the Fourth Eurosystem Oversight Report 2016

The report describes the way the Eurosystem has exercised its oversight responsibilities and conducted oversight activities in the period from June 2014 (which was when the earlier oversight report was completed) to the end of 2016.

November 24, 2017 WebPage Regulatory News
News

ECB Publishes Thematic Report Assessing IFRS 9 Implementation by Banks

The report also outlines key supervisory expectations for the ongoing implementation and application of IFRS 9. The supervisory expectations considered in this thematic review are consistent with the international best practices and supervisory guidance issued by BCBS and EBA.

November 24, 2017 WebPage Regulatory News
News

HKMA Revises Module IC-7 on Use of Commercial Credit Data Through CCRA

HKMA published the revised Supervisory Policy Manual (SPM) Module IC-7 on sharing and use of commercial credit data through a commercial credit reference agency (CCRA).

November 24, 2017 WebPage Regulatory News
News

IOSCO Publishes Report on the Fourth Hedge Fund Survey

IOSCO published a report that presents the results of its fourth hedge fund survey. It provides an overview of the global hedge fund industry, based on data as of September 30, 2016.

November 23, 2017 WebPage Regulatory News
News

SARB Publishes Directive on Specific Capital Issuances and Redemptions

SARB published the directive D6/2017 specifying additional requirements for submission of applications regarding certain capital issuances and redemptions.

November 23, 2017 WebPage Regulatory News
News

FSB Issues Responses to Proposal on Governance Arrangements for UPI

FSB published the responses received to its consultation on the proposed governance arrangements for the Unique Product Identifier (UPI).

November 23, 2017 WebPage Regulatory News
News

BIS Publishes a Working Paper on CoCo Issuance and Bank Fragility

BIS published a working paper on the issuance of contingent convertible capital securities (CoCos) and bank fragility.

November 22, 2017 WebPage Regulatory News
News

Monitoring Group Proposes International Audit Standard Setting Reforms

BCBS welcomed and published the consultation of the Monitoring Group on strengthening the governance and oversight of the international audit-related standard-setting boards in public interest.

November 22, 2017 WebPage Regulatory News
News

OFR Offers Updates on the Bilateral Repo Collection Initiative

Stacey Schreft, the Deputy Director for Research and Analysis at the OFR, updated the FSOC on the bilateral repo collection initiative of OFR at the meeting of the principals of the FSOC.

November 22, 2017 WebPage Regulatory News
News

SRB Publishes Sixth Industry Dialog Presentations

SRB organized the sixth Industry Dialog in Brussels on November 21, 2017. It brought together representatives from EU-level and national banking federations from Banking Union countries, representatives from national resolution authorities, the EC, European Parliament, and ECB.

November 22, 2017 WebPage Regulatory News
News

Bundesbank Updates Validation Rules Handbook and Q&A on AnaCredit

Deutsche Bundesbank published Version 10.0 of the structured questions and answers (Q&A) on AnaCredit. Bundesbank also published Version 2.0 of the handbook on AnaCredit Validation Rules.

November 22, 2017 WebPage Regulatory News
News

BCBS Releases Further Details on the 2017 G-SIB Assessment Methodology

BCBS released further details on the 2017 assessment methodology for global systemically important banks (G-SIBs).

November 21, 2017 WebPage Regulatory News
News

EC Issues Regulations on Standards for Indirect Clearing Arrangements

EC published the Commission Delegated Regulations (CDRs) 2017/2154 and 2017/2155, which are focused on regulatory technical standards on indirect clearing arrangements.

November 21, 2017 WebPage Regulatory News
News

FSB Issues List of G-SIBs for 2017

FSB published the 2017 list of global systemically important banks (G-SIBs). To identify the G-SIBs, FSB used end-2016 data and an assessment methodology designed by BCBS.

November 21, 2017 WebPage Regulatory News
News

MAS Consults on the Proposed Payment Services Bill

MAS published second consultation on the proposed payments regulatory framework, known as the Payment Services Bill.

November 21, 2017 WebPage Regulatory News
News

Sabine Lautenschläger of ECB on Challenges Facing EU Banking Sector

Sabine Lautenschläger, Member of the ECB Executive Board and Vice-Chair of the ECB Supervisory Board, spoke about the big challenges facing the banking sector in Europe.

November 21, 2017 WebPage Regulatory News
News

US Agencies to Retain Transitions for Non-Advanced Approaches Banks

US Agencies (FDIC, FED, and OCC) are adopting the final rule to extend the regulatory capital treatment applicable during 2017, under the regulatory capital rules for certain items.

November 21, 2017 WebPage Regulatory News
News

VP of EC on Working Toward Resilient and Integrated Financial Sector

During the structured dialog with the ECON Committee, the EC Vice President (VP) Valdis Dombrovskis discussed planned and ongoing work to make the financial sector in Europe more resilient and integrated.

November 21, 2017 WebPage Regulatory News
News

EBA Publishes Annual Report on Convergence of Supervisory Practices

EBA published the third annual report on the convergence of supervisory practices across EU, in accordance with Article 107 of the Capital Requirements Directive (CRD: Directive 2013/36/EU).

November 21, 2017 WebPage Regulatory News
News

SARB Issues Directive for Classification of Impairments under IFRS 9

SARB issued a directive (D5/2017) for banks and bank auditors on the classification of impairments as either general or specific under IFRS 9.

November 21, 2017 WebPage Regulatory News
News

ESMA Updates Q&A Related to Market Abuse Regulation

The updated Q&A document includes two new answers on managers’ transactions, addressing in particular trading during closed periods by persons discharging managerial responsibilities (PDMRs).

November 21, 2017 WebPage Regulatory News
News

EBA Guidelines on Estimation of Risk Parameters Under IRB Approach

EBA published the final guidelines on the estimation of risk parameters for non-defaulted exposures and on the treatment of defaulted exposures under the advanced internal ratings-based (IRB) approach.

November 20, 2017 WebPage Regulatory News
News

ESMA Issues Clarification on the Rotation Periods of CRA Analysts

ESMA updated its questions and answers (Q&A) on the application of the credit rating agencies (CRA) Regulation, adding a new section on Organizational Requirements.

November 20, 2017 WebPage Regulatory News
News

European Council Adopts Regulations on Securitization

The European Council adopted the regulation on capital requirements for positions in securitization and the regulation on securitization and on criteria for simple, transparent, and standardized (STS) products.

November 20, 2017 WebPage Regulatory News
News

ESMA Updates Q&A on Reporting to Trade Repositories Under EMIR

The updated Q&A document includes new and updated answers related to reporting to trade repositories.

November 20, 2017 WebPage Regulatory News
News

EBA Issues Update on List of CET1 Instruments Compliant Under CRR

EBA published its sixth updated list of capital instruments that the competent authorities across the EU have classified as common equity tier 1 (CET1).

November 17, 2017 WebPage Regulatory News
News

EBA Publishes Methodology for the 2018 EU-Wide Stress Test

The methodology covers all relevant risk areas and, for the first time, incorporates IFRS 9 accounting standards.

November 17, 2017 WebPage Regulatory News
News

EBA Single Rulebook Q&A: Third Update for November 2017

The key topics covered in the Q&A updates are O-SII buffer on individual and consolidated level, inconsistency in validation rules, foreign exchange risk, FINREP IFRS 9, and reporting requirements.

November 17, 2017 WebPage Regulatory News
News

ESMA Clarifies Endorsement Regime for Third-Country Credit Ratings

ESMA published the final report updating its guidelines on the application of the endorsement regime under the Credit Rating Agencies (CRA) Regulation.

November 17, 2017 WebPage Regulatory News
News

EC Issues Rules on Trading Obligation for Derivatives Under MiFID II

EC issued new regulatory technical standards that specify which derivatives should be subject to the trading obligation under the Markets in Financial Instrument Regulation (MiFIR).

November 17, 2017 WebPage Regulatory News
News

ESMA Consults on Calculation of Derivative Positions by Repositories

ESMA published, for public consultation, draft guidelines on the calculation of derivative positions by trade repositories authorized in the EU under the European Market Infrastructure Regulation (EMIR).

November 17, 2017 WebPage Regulatory News
News

ESMA Publishes Final Report on Money Market Funds Regulation

The final report contains final versions of the technical advice, implementing technical standards, and guidelines on stress test scenarios carried out by money market fund (MMF) managers under the MMFR.

November 17, 2017 WebPage Regulatory News
News

IMF Publishes Reports on the 2017 Article IV Consultation with Sweden

IMF published its staff report and selected issues report in the context of the 2017 Article IV consultation with Sweden.

November 17, 2017 WebPage Regulatory News
News

ESMA Updates Q&A on Implementation of CSDR

This update provides detailed answers on certain aspects of relevant authorities, conduct of business rules, protection of securities, and prudential requirements on operational risk

November 17, 2017 WebPage Regulatory News
News

RBNZ Consults on Residential Mortgage Obligations Standard

RBNZ is proposing an enhanced mortgage bond standard that aims to support confidence and liquidity in the financial system; this follows a review of domestic and international mortgage bond collateral standards.

November 17, 2017 WebPage Regulatory News
News

Bundesbank Updates Reporting Instructions Related to AnaCredit

Bundesbank updated its AnaCredit information repository, with reporting instructions related to the AnaCredit project.

November 17, 2017 WebPage Regulatory News
News

Andreas Dombret of Bundesbank Spoke on Basel III Compromise and Beyond

Andreas Dombret discussed the recent compromises reached on Basel III, also reflecting on the finalization of Basel III regulations, the future challenges to be faced, and the ways to ease the burden on banks.

November 16, 2017 WebPage Regulatory News
News

BCL Publishes Instructions, Dates, and Agents for AnaCredit Reporting

The Central Bank of Luxembourg (BCL) published reporting instructions, reporting dates, and list of reporting agents for AnaCredit.

November 16, 2017 WebPage Regulatory News
News

ESMA Updates Q&A on Transparency Issues Under MiFID/MiFIR

The updated Q&A include new answers on pre- and post-trade transparency, along with equity and non-equity instruments; systematic internalisers; data reporting service providers; and third-country issues.

November 15, 2017 WebPage Regulatory News
News

ESMA Updates Q&As on Market Structure Issues Under MiFID II/MiFIR

The updated Q&A include new answers on tick-size regime; Direct Electronic Access; and multilateral systems.

November 15, 2017 WebPage Regulatory News
News

BCRA Updates Minimum Capital Requirement and Information Regimes

BCRA, the central bank of Argentina, published updated rules on minimum capital requirements for financial entities, along with certain aspects of the information transparency regime.

November 15, 2017 WebPage Regulatory News
News

CBRC Issues Measures for Supervision of Three Policy Banks

CBRC issued measures for the supervision and administration of China Development Bank, Export-Import Bank of China, and Agricultural Development Bank of China.

November 15, 2017 WebPage Regulatory News
News

EBA Republishes Taxonomy 2.7 for Remittance of Supervisory Reporting

EBA published a corrective update (2.7.0.1) to the XBRL taxonomy, which competent authorities shall use for the remittance of data under the EBA implementing technical standards on supervisory reporting.

November 15, 2017 WebPage Regulatory News
News

ESRB Working Paper on Syndicated Loans and CDS Positioning

ESRB published a working paper that analyzes banks’ usage of credit default swaps (CDS).

November 15, 2017 WebPage Regulatory News
News

EBA Reviews Compliance with Guidance on O-SII Identification Criteria

EBA published the final report on the peer review that evaluated the implementation of the EBA guidelines on the criteria for the assessment and identification of other systemically important institutions (O-SIIs) across the EU.

November 15, 2017 WebPage Regulatory News
News

EBA Issues Annual Assessment of Consistency of Internal Model Outcomes

EBA published two reports on the consistency of risk-weighted assets (RWAs) across all EU institutions authorized to use internal approaches for the calculation of capital requirements.

November 14, 2017 WebPage Regulatory News
News

EBA Publishes Final Guidance on Treatment of Connected Clients

EBA published its final guidelines on the treatment of connected clients as defined in the Capital Requirements Regulation (CRR; EU Regulation No 575/2013).

November 14, 2017 WebPage Regulatory News
News

ESMA Updates Q&A on Commodity Derivatives Under MiFID II/MiFIR

The updated Q&A include new answers regarding position limits, ancillary activities, and position reporting.

November 14, 2017 WebPage Regulatory News
News

ESMA Updates Q&A on Data Reporting Under MiFID II/MiFIR

The updated document provides clarifications on transaction reporting for primary issuances, corporate events, portfolio management, and swaps related to indices.

November 14, 2017 WebPage Regulatory News
News

EBA Acknowledges EC Adoption of Amended Supervisory Reporting Standard

EBA acknowledged the adoption by the EC of the Implementing Act amending Regulation (EU) No 680/2014 on implementing technical standards on supervisory reporting.

November 14, 2017 WebPage Regulatory News
News

RBNZ Consults on Changes to Disclosure Requirements for Banks

BNZ is consulting on changes to the disclosure requirements for registered banks. RBNZ also confirmed the previously signaled policy decision on the Dashboard approach for quarterly disclosures for locally incorporated banks.

November 14, 2017 WebPage Regulatory News
News

EIOPA Q&A on Regulations: First Update for November 2017

EIOPA published new sets of questions and answers (Q&A) on implementing and delegating regulations, mostly relevant to Solvency II.

November 13, 2017 WebPage Regulatory News
News

BaFin Updates Q&A on Capital Requirements Deduction for Credit Risk

BaFin published a question and answer (Q&A) related to capital requirements deduction for credit risk on exposures to small and medium-size enterprises (SMEs).

November 13, 2017 WebPage Regulatory News
News

EBA Single Rulebook Q&A: Second Update for November 2017

The Single Rulebook updates for the second week of this month include five items.

November 10, 2017 WebPage Regulatory News
News

ECB Opinions on Capital Requirements and Crisis Management Frameworks

ECB published opinions on amendments to the EU framework for capital requirements of credit institutions and investment firms (CON/2017/46) and on revisions to the Union crisis management framework (CON/2017/47).

November 10, 2017 WebPage Regulatory News
News

EC Consults on Minimum Coverage Requirements Related to NPLs

EC issued a consultation on the minimum levels of capital that EU banks must set aside to cover incurred and expected losses on newly originated loans that turn non-performing.

November 10, 2017 WebPage Regulatory News
News

PRA Consults on Modeling of the Matching Adjustment Under Solvency II

CP24/17 seeks feedback on a draft supervisory statement setting out PRA’s proposed expectations from firms on the application of Solvency II matching adjustment within the calculation of the Solvency Capital Requirement (SCR).

November 10, 2017 WebPage Regulatory News
News

IAIS Issues Multiple Revised ICPs and Consults on ICPs 15, 16, and 8

IAIS is consulting on the revised ICP 15; ICP 16; ICP 8; ComFrame materials integrated with the respective ICPs; and proposed definitions of enterprise risk management (ERM)-related terms. IAIS also issued multiple draft revised ICPs and the updated ICP documents for November 2017.

November 10, 2017 WebPage Regulatory News
News

IMF Publishes Reports on 2017 Article IV Consultation with Philippines

IMF published its staff report and selected issues report in the context of the 2017 Article IV consultation with Philippines.

November 10, 2017 WebPage Regulatory News
News

Yves Mersch of ECB Speaks on Evolving Regulatory Environment for CCPs

Yves Mersch, Member of the Executive Board of the ECB, discussed the evolving regulatory environment for central counterparties (CCPs).

November 10, 2017 WebPage Regulatory News
News

Bundesbank Updates Guide on AnaCredit Validation Rules

Deutsche Bundesbank updated the Handbook on AnaCredit Validation Rules in November 2017.

November 10, 2017 WebPage Regulatory News
News

APRA Proposes Revisions to APS 330 Related to Public Disclosure

APRA proposed revisions to the Prudential Standard APS 330 Public Disclosure (APS 330).

November 09, 2017 WebPage Regulatory News
News

EBA Consults on Standards for the Methods of Prudential Consolidation

EBA consults on draft regulatory technical standards specifying the different methods of prudential consolidation, which can be applied when certain conditions and criteria are met.

November 09, 2017 WebPage Regulatory News
News

EBA Opinion and Report on Regulatory Perimeter Issues Under CRD IV/CRR

EBA published an opinion and a report on matters related to the other financial intermediaries (OFIs) and the regulatory perimeter issues under the Capital Requirements Directive/Regulation (CRD IV/CRR).

November 09, 2017 WebPage Regulatory News
News

EC Amends Regulations Related to IAS 12 and 7 Plus IFRS 16, 15, and 4

EC published Regulations (EU) 2017/1986 to 1990, which adopt certain international accounting standards in accordance with Regulation (EC) No 1606/2002 with regard to the International Financial Reporting Standards (IFRS) 16, 15, and 4, along with the International Accounting Standards (IAS) 12 and 7.

November 09, 2017 WebPage Regulatory News
News

ECB Vice President on Future of Finance and Outlook for Regulation

Vítor Constâncio, the ECB Vice President, spoke at the Financial Regulatory Outlook Conference on issues related to regulation and the future of finance.

November 09, 2017 WebPage Regulatory News
News

ECB on Supervisory and Statistical Granular Data Modeling at CNB

ECB published statistics paper series on supervisory and statistical granular data modeling at the Croatian National Bank (CNB). Croatia is one the countries that has already implemented integrated statistical and supervisory reporting requirements at a granular level.

November 09, 2017 WebPage Regulatory News
News

European Parliament on Sovereign Concentration Charges Regulation

The paper makes a concrete proposal for a Sovereign Concentration Charges Regulation (SCCR), including calibration and careful transitional arrangements to avoid any disorderly market impact.

November 09, 2017 WebPage Regulatory News
News

PRA Consults on Financial Management and Planning by Insurers

PRA published the consultation paper CP23/17 on financial management and planning by insurers.

November 09, 2017 WebPage Regulatory News
News

IAIS Publishes Application Paper on Group Corporate Governance

IAIS published an application paper on group corporate governance, along with the resolution of comments on the March 2017 consultation on this topic.

November 09, 2017 WebPage Regulatory News
News

US Agencies Propose Revisions to Call Reports FFIEC 051, 041 and 031

The US Agencies (FDIC, FED, and OCC) proposed additional burden-reducing revisions to three Consolidated Reports of Condition and Income (Call Report)— that is, FFIEC 051, FFIEC 041, FFIEC 031.

November 09, 2017 WebPage Regulatory News
News

IAIS Concludes 24th Annual Conference and General Meeting

At the General Meeting, Members approved the 2016 Annual Report; revisions to Insurance Core Principle (ICP) 13: Reinsurance and Other Forms of Risk Transfer; ICP 18: Intermediaries; and ICP 19: Conduct of Business.

November 09, 2017 WebPage Regulatory News
News

ECB Issues Paper on Tracing Structured Finance Counterparty Networks

The paper traces and describes the connection between issuers and service providers, using a new database covering the majority of public asset-backed securities (ABSs) and covered bonds (CBs) outstanding between August 2008 and March 2017.

November 08, 2017 WebPage Regulatory News
News

IOSCO Report on Implementing FSB Recommendations on Securities Markets

IOSCO published report on implementation of the G20/FSB post-crisis recommendations aimed at strengthening securities markets.

November 08, 2017 WebPage Regulatory News
News

OCC Proposes Revisions to DFAST Regulatory Reporting Requirements

OCC is requesting comments on the proposed revisions to the regulatory reporting requirements for national banks and federal savings associations.

November 08, 2017 WebPage Regulatory News
News

OSFI Consults on Amendments to the Corporate Governance Guideline

The guidance sets out expectations for boards of federally regulated financial institutions (FRFIs). It applies to all FRFIs other than the branch operations of foreign banks and foreign insurance companies.

November 07, 2017 WebPage Regulatory News
News

EP Briefing on the Public Hearing with Danièle Nouy of ECB

European Parliament (EP) prepared a note in view of a regular public hearing with Danièle Nouy, the Chair of the Supervisory Board of the ECB, as referred to in Single Supervisory Mechanism (SSM; Regulation 1024/2013) and the Inter-institutional Agreement between European Parliament and ECB.

November 07, 2017 WebPage Regulatory News
News

Mario Draghi of ECB on Progress with European Banking Supervision

The ECB President Mario Draghi spoke at the second ECB Forum on Banking Supervision. During his speech, he discussed the accomplishments of European banking supervision in three years.

November 07, 2017 WebPage Regulatory News
News

EIOPA Consults on Second Set of Advice for Review of SCR Calculation

EIOPA published a consultation paper on the second set of advice for review of the Solvency Capital Requirement (SCR) of Solvency II, as foreseen in the Directive and its Delegated Acts.

November 06, 2017 WebPage Regulatory News
News

Valdis Dombrovskis of EC on the Joint MoU on Baltic Capital Markets

The EC Vice President Valdis Dombrovskis spoke, in Brussels, on the signing ceremony of the Memorandum of Understanding (MoU) on Baltic capital markets.

November 06, 2017 WebPage Regulatory News
News

Yves Mersch of ECB Speaks on Challenges Facing European Banking Sector

Yves Mersch, Member of the Executive Board of the ECB, spoke about the structural, regulatory, and technological challenges for the transforming European markets.

November 06, 2017 WebPage Regulatory News
News

APRA Proposes to Amend Requirements of LPS 230 Related to Reinsurance

APRA proposed to amend the requirements of Prudential Standard LPS 230: Reinsurance (LPS 230), specifically as they relate to financial reinsurance.

November 03, 2017 WebPage Regulatory News
News

EBA Single Rulebook Q&A: First Update for November 2017

The Single Rulebook update for the first week of this month includes four items.

November 03, 2017 WebPage Regulatory News
News

IOSCO Updates Peer Reviews on Regulation of MMFs and Securitization

IOSCO published updated reports on the IOSCO peer review on regulation of money market funds (MMF) and on the implementation of incentive alignment recommendations for securitization.

November 03, 2017 WebPage Regulatory News
News

PRA Consults on Supervisory Approval for Use of Volatility Adjustment

PRA published consultation paper (CP22/17) on supervisory approval for the use of volatility adjustment under Solvency II.

November 03, 2017 WebPage Regulatory News
News

IAIS Announces Unified Path to Convergence on ICS Version 2.0

IAIS announced a unified path to convergence of group capital standards to further its goal of a single Insurance Capital Standard (ICS), with the aim to achieve comparable outcomes across jurisdictions.

November 02, 2017 WebPage Regulatory News
News

OFR Paper Examining the Vulnerability of CCPs in Derivatives Market

OFR published a working paper that examines the likelihood that a central counterparty (CCP) will default after a severe credit shock.

November 02, 2017 WebPage Regulatory News
News

Richard Berner of OFR Speaks on Globalization and Financial Stability

Richard Berner, Director of OFR, spoke about challenges in the area of globalization and financial stability policy, at the IMF 18th Jacques Polak Annual Research Conference on The Global Financial Cycle in Washington DC.

November 02, 2017 WebPage Regulatory News
News

EBA Publishes Final Guidance on Supervision of Significant Branches

EBA published the final guidelines on supervision of significant branches. These guidelines will facilitate cooperation and coordination of supervision of the largest and systemically important branches, the so-called “significant-plus” branches.

November 01, 2017 WebPage Regulatory News
News

EBA Recommends Proportionate Approach in Entity Coverage Recovery Plan

EBA published its final recommendation on the coverage of entities in banking group recovery plans.

November 01, 2017 WebPage Regulatory News
News

ESRB Issues Paper on Macro Approach to International Bank Resolution

ESRB published a working paper proposing a macro approach to bank resolution. The paper aims to investigate the impact of resolution measures in calm times and during crises.

November 01, 2017 WebPage Regulatory News
News

FSB on Financial Stability Implications of AI and Machine Learning

FSB published a report examining the financial stability implications of the growing use of artificial intelligence (AI) and machine learning in financial services.

November 01, 2017 WebPage Regulatory News
News

PRA and FCA Issue Framework for Authorization and Supervision of ISPVs

PRA and FCA published their final approach and expectations in relation to the authorization and supervision of Insurance Special Purpose Vehicles (ISPVs), subject to the Risk Transformation Regulations 2017 (RTR) being passed through parliament.

November 01, 2017 WebPage Regulatory News
News

ESMA Publishes 21st Extract on Enforcement Decisions

ESMA published an extract from its confidential database of enforcement decisions on financial statements.

October 31, 2017 WebPage Regulatory News
News

EBA Consults on Guidelines for Strengthening Pillar 2 Framework

EBA launched a public consultation to review three guidelines aimed at further enhancing institutions' risk management and supervisory convergence in the Supervisory Review and Evaluation Process (SREP).

October 31, 2017 WebPage Regulatory News
News

FINMA Revises Circulars on Changes to IFRS and Basel III Rules

FINMA modified several bank-related circulars in accordance with the changes in International Financial Reporting Standards (IFRS) and Basel III rules.

October 31, 2017 WebPage Regulatory News
News

IMF Issues Paper on Liquidity Stress Tests for Investment Funds

The paper discusses practical aspects related to the calibration of the redemption shock, the measurement of liquidity buffers, and the assessment of resilience of investment funds.

October 31, 2017 WebPage Regulatory News
News

OFR on Maturity Mismatch Risk in MMF Industry and FHLBank System

OFR published a working paper examining the intersection of U.S. money market mutual fund (MMF) reforms, bank liquidity requirements, and the federal home loan bank (FHLBank) system.

October 31, 2017 WebPage Regulatory News
News

SNB Releases Reporting Forms for SIBs Under Basel III

SNB released forms for reporting of capital adequacy of systemically important banks (SIBs) under Basel III.

October 31, 2017 WebPage Regulatory News
News

EBA on Implementation and Transposition of the CRD IV Package

EBA updated the information disclosed by EU competent authorities according to its implementing technical standards on supervisory disclosure, which were published in the Official Journal of the European Union on June 04, 2014.

October 30, 2017 WebPage Regulatory News
News

EC Vice President on Completing the Banking Union

During the keynote speech at the Inter-parliamentary Conference on Stability, Economic Coordination, and Governance in the EU, the EC Vice President Valdis Dombrovskis highlighted that "completing the Banking Union and the Capital Markets Union are the most immediate priorities for future reform."

October 30, 2017 WebPage Regulatory News
News

NCUA Amends Capital Planning and Stress Testing Regulations

The NCUA Board proposes to amend its regulations on capital planning and stress testing for federally insured credit unions with USD 10 billion or more in assets (covered credit unions).

October 30, 2017 WebPage Regulatory News
News

EBA Announces Timeline for the 2018 EU-Wide Stress Test

EBA announced the final timeline for the 2018 EU-wide stress test, as agreed by the Board of Supervisors of EBA in its meeting.

October 30, 2017 WebPage Regulatory News
News

EIOPA Recommends Simplification to SCR Calculation Under Solvency II

EIOPA recommended simplifications and improvements to the calculation of Solvency Capital Requirement (SCR) standard formula. With this, EIOPA submitted its first set of Advice to EC on the review of specific items in the Solvency II Delegated Regulation.

October 30, 2017 WebPage Regulatory News
News

ESMA Publishes Q&A on Implementation of APM Guidelines

ESMA published questions and answers (Q&A) on the implementation of its guidelines on the Alternative Performance Measures (APMs) for listed issuers.

October 30, 2017 WebPage Regulatory News
News

EBA Consults on Requirements for Home-Host Cooperation Under PSD2

EBA launched a public consultation on draft regulatory technical standards specifying the framework for cooperation and exchange of information between competent authorities under the revised Payment Services Directive (PSD2).

October 27, 2017 WebPage Regulatory News
News

OCC Proposes Revisions to its Stress Testing Rule

OCC is inviting comment on a proposed rule that would make several revisions to its stress testing rule.

October 27, 2017 WebPage Regulatory News
News

IAIS Newsletter for October 2017

IAIS published the October issue of its newsletter, which highlights updates on the review and refresh of the IAIS Core Curriculum. This refresh updates and expands material for use by all IAIS members.

October 27, 2017 WebPage Regulatory News
News

BaFin Publishes Minimum Requirements for Risk Management of Banks

BaFin and Deutsche Bundesbank published Circular 09/2017 on the minimum requirements for risk management of banks (also called MaRisk).

October 27, 2017 WebPage Regulatory News
News

AnaCredit Updates for France, Ireland, and Italy in October 2017

In October, the Bank of France; the Central Bank of Ireland; and the Bank of Italy published updates related to AnaCredit.

October 27, 2017 WebPage Regulatory News
News

DNB Issues the Banking Newsletter for October 2017

This month's issue focuses on the ongoing preparations for Brexit in the UK, expected delay in the implementation of Payment Services Directive (PSD2), DNB survey to investigate the unintended effects of regulation, reporting of securitization transactions to DNB, and conclusions from the 2018 stress test.

October 26, 2017 WebPage Regulatory News
News

EC FAQ on Obtaining Brokerage and Research Services Via Non-EU Brokers

EC published guidance through its frequently asked questions (FAQ) that clarify how EU investment firms should interact when they seek brokerage and research services from broker-dealers in non-EU countries.

October 26, 2017 WebPage Regulatory News
News

EC Report on Policy Actions in the EU in Response to Financial Crisis

The report outlines the policy actions taken by EU countries in the financial sector between 2008 and 2015, in response to the global financial crisis.

October 26, 2017 WebPage Regulatory News
News

MAS Proposes Liquidity Risk Framework for Fund Management Companies

MAS proposed to introduce a liquidity risk management framework for fund management companies, with respect to the collective investment schemes (CIS) that they manage.

October 26, 2017 WebPage Regulatory News
News

Third Report of U.S. Treasury on Principles for Financial Regulation

The U.S. Department of the Treasury released a report that examines the current regulatory framework for the asset management and insurance industries and makes recommendations to ensure the regulatory framework is aligned with the Administration's Core Principles for financial regulation.

October 26, 2017 WebPage Regulatory News
News

OFR Paper on a Multifactor Approach to Identifying Systemic Banks

OFR published a Viewpoint paper examining the use of a multifactor approach to identify the systemically important banks.

October 26, 2017 WebPage Regulatory News
News

BCBS Issues Guidance on Identification and Management of Step-In Risk

The guidelines aim to mitigate significant step-in risk through a supervisory process built on reporting. The guidelines are expected to be implemented in member jurisdictions by 2020.

October 25, 2017 WebPage Regulatory News
News

EC Vice President on STS Securitization at the EP Plenary Debate

EC published opening remarks of Vice President Valdis Dombrovskis at the European Parliament’s (EP) Plenary debate on simple, transparent, and standardized (STS) securitization.

October 25, 2017 WebPage Regulatory News
News

EIOPA Issues Update on the Internal Model Consistency Projects

EIOPA published an update on Internal Model Consistency Projects to strengthen supervisory consistency and convergence in the EU.

October 25, 2017 WebPage Regulatory News
News

EC Welcomes Agreement to Fast-Track the EU Banking Reform Package

The European Parliament, the Council, and the Commission agreed on elements of the review of the Bank Recovery and Resolution Directive (BRRD) and of the Capital Requirements Regulation (CRR) and Directive (CRD) proposed in November 2016.

October 25, 2017 WebPage Regulatory News
News

OFR Introduces FSVM and FSI as New Monitoring Tools

FSVM and FSI, which are part of the quantitative monitoring toolkit of OFR, signal where the OFR needs to investigate potential stresses and vulnerabilities. OFR conducts such investigations using a broader set of data, qualitative information, and expert analysis.

October 25, 2017 WebPage Regulatory News
News

PRA Consults on Matching Adjustments Under Solvency II

PRA published a consultation paper (CP21/17) proposing its expectations from firms in respect of the application of the matching adjustment. This consultation is the first in a short series of consultation papers on reforms to the implementation of Solvency II.

October 25, 2017 WebPage Regulatory News
News

PRA Issues Clarification on IFRS 9 for 2018 ICAAP Stress Testing

PRA issued a clarification on how firms should incorporate IFRS 9 into stress testing and capital planning, which are conducted out as part of their Internal Capital Adequacy Assessment Process (ICAAP) obligations from 2018.

October 25, 2017 WebPage Regulatory News
News

EC Communication on Completing the Better Regulation Agenda 2017

EC adopted the 2018 work program and presented its plans for completing the work on the ten political priorities of President Juncker before the end of its mandate, along with a set of forward-looking initiatives for the future of Europe.

October 24, 2017 WebPage Regulatory News
News

ESMA Agrees on MiFID II Position Limits Proposed by FCA

ESMA published nine opinions on position limits regarding commodity derivatives under the Markets in Financial Instruments Directive and Regulation (MiFID II/MIFIR).

October 24, 2017 WebPage Regulatory News
News

BaFin Consults on Amendments to Liquidity Regulation

BaFin is consulting on amendments to liquidity regulation, including the reporting forms.

October 24, 2017 WebPage Regulatory News
News

EC Consults on Extending Transition for CCP Exposure Own Funds Rules

EC is consulting on a draft Implementing Regulation on the extension of the transitional periods on own funds requirements for exposures to central counterparties (CCPs).

October 24, 2017 WebPage Regulatory News
News

Bank of Spain Amends Circular on Exercise of Regulatory Options in CRR

Bank of Spain issued Circular 3/2017, which modifies the Circular 2/2014 and will enter into force on January 01, 2018.

October 24, 2017 WebPage Regulatory News
News

FSI Report on Prudential Policy Considerations for ECL Provisioning

The Financial Stability Institute (FSI) of BIS published a paper examining a range of prudential policy issues that may need to be considered once banks migrate to expected credit loss (ECL) provisioning under International Financial Reporting Standard (IFRS) 9.

October 23, 2017 WebPage Regulatory News
News

ECB Report on Financial Structures in Euro Area Financial Sector

ECB published a report on financial structures in the euro area, which reviews the main structural features of, and developments in, the broader euro area financial sector.

October 23, 2017 WebPage Regulatory News
News

EBA Single Rulebook Q&A: Third Update for October 2017

The Single Rulebook update for the third week of this month includes three items.

October 20, 2017 WebPage Regulatory News
News

HKMA Revised Capital and Liquidity Rules Under Banking Ordinance

The Banking (Capital) (Amendment) Rules 2017, the Banking (Liquidity) (Amendment) Rules 2017, and the Banking (Specification of Multilateral Development Bank) (Amendment) Notice 2017 were published in the Gazette to implement certain recent international standards on banking regulation in Hong Kong.

October 20, 2017 WebPage Regulatory News
News

OCC Consults on Information Collection for Certain Banking Entities

OCC is finalizing the renewal of its information collection titled, “OCC Guidelines Establishing Heightened Standards for Certain Large Insured National Banks, Insured Federal Savings Associations, and Insured Federal Branches.”

October 20, 2017 WebPage Regulatory News
News

MAS Feedback to Consultation on Credit Loss Provisioning Requirements

MAS published a feedback statement to the consultation proposing amendments to MAS Notices 612, 1005, 637, and 1111 in relation to the changes in the recognition and measurement of allowance for credit losses—IFRS 9 and SFRS 109.

October 19, 2017 WebPage Regulatory News
News

RBNZ Consults on Audit Requirements for Insurer Data Returns

RBNZ launched a consultation on audit requirements for insurer data returns. The paper sets out the rationale for reconsidering audit requirements; the proposal and possible alternatives; and a brief discussion of possible costs and benefits.

October 19, 2017 WebPage Regulatory News
News

EIOPA Q&A on Regulations: Second Update for October 2017

EIOPA published new sets of questions and answers (Q&A) on implementing and delegating regulations, mostly relevant to Solvency II.

October 19, 2017 WebPage Regulatory News
News

IAIS Publishes Status and Timelines for ICPs and ComFrame

IAIS published the status and timelines for insurance core principles (ICPs) and the Common Framework for the Supervision of Internationally Active Insurance Groups (ComFrame).

October 19, 2017 WebPage Regulatory News
News

OSFI Updates Minimum Capital Test Guideline for P&C Insurers

OSFI released updates to the Minimum Capital Test (MCT) Guideline, which sets out capital requirements for federally regulated property and casualty (P&C) insurance companies.

October 19, 2017 WebPage Regulatory News
News

ESMA Produces First Overview of Size of EU Derivative Markets

ESMA published an article—EU derivatives markets: a first-time overview—that was included in the latest version of its Report on Trends, Risks and Vulnerabilities.

October 19, 2017 WebPage Regulatory News
News

QFCRA Issues Netting Regulations in 2017

The Qatar Financial Center Regulatory Authority (QFCRA) issued netting regulations in 2017. These regulations come into force on the date on which the Minister of Finance signs them.

October 19, 2017 WebPage Regulatory News
News

BaFin Consults on Revisions to Circular 11/2011 on IRRBB

BaFin is revising and consulting on Circular 11/2011 for interest rate risk in the banking book (IRRBB).

October 19, 2017 WebPage Regulatory News
News

BCBS Issues Assessment of LCR Implementation in Four Jurisdictions

BCBS published assessment reports on the implementation of the liquidity coverage ratio (LCR) in Australia, Brazil, Canada, and Switzerland.

October 18, 2017 WebPage Regulatory News
News

BCBS Issues Thirteenth Progress Report on Adoption of Basel Framework

This updated progress report on adoption of the Basel regulatory framework provides a high-level view of the progress of BCBS members in adopting Basel III standards as of the end of September 2017.

October 18, 2017 WebPage Regulatory News
News

EC Issues Evaluation Roadmap for EU Reporting Requirements

EC issued an evaluation roadmap for a fitness check of the EU reporting requirements in the financial sector. EC is conducting this fitness check to analyze the shortfalls associated with supervisory reporting.

October 18, 2017 WebPage Regulatory News
News

CFTC Determines Comparability with EU Margin Requirements for Swaps

CFTC published a notification in the Federal Register on comparability determination of the margin requirements for uncleared swaps for swap dealers (SDs) and major swap participants (MSPs) for the EU.

October 18, 2017 WebPage Regulatory News
News

EBA Updates Entity List for Calculation of Capital Requirements

EBA published an updated list of public-sector entities that may be treated as regional governments, local authorities, or central governments for the calculation of capital requirements, in accordance with the EU Capital Requirements Regulation (CRR).

October 18, 2017 WebPage Regulatory News
News

ESMA Issues Responses to Proposal on MiFID II Suitability Requirements

ESMA published the responses received to its consultation on guidelines on certain aspects of the MiFID II suitability requirements. The finalized guidelines will replace the existing ESMA guidelines on this topic, which were issued in 2012.

October 18, 2017 WebPage Regulatory News
News

PRA Issues Insurance Data Release for Solvency II

PRA has developed tools to analyze the data submitted by firms to identify key issues and emerging risks in the insurance market to support forward-looking judgment-based supervision.

October 18, 2017 WebPage Regulatory News
News

PRA Issues Statements on Data Collection for Market Risk Sensitivities

PRA issued a policy statement PS25/17 and supervisory statement SS7/17 on the Solvency II data collection of market risk sensitivities.

October 18, 2017 WebPage Regulatory News
News

DNB Announces Changes to Reporting Templates as a Result of IFRS 9

DNB modified FINREP IFRS templates as well as the FINREP GAAP templates to ensure consistency in reporting. The most important IFRS 9 changes are the changes in accounting classification and valuation and the introduction of the expected loss model for impairments.

October 18, 2017 WebPage Regulatory News
News

PRA Conducts Solvency and Financial Condition Report Roundtables

PRA hosted three roundtables with insurers, investors, credit analysts, and equity analysts to discuss the first round of Solvency and Financial Condition Reports (SFCRs) published by EU insurers in 2017.

October 18, 2017 WebPage Regulatory News
News

SNB Releases Forms for Reporting Short-Term Liquidity Coverage Ratio

The Swiss National Bank (SNB) released forms for reporting of short-term liquidity coverage ratio (LCR).

October 18, 2017 WebPage Regulatory News
News

ESMA Holds Conference on the State of European Financial Markets

ESMA hosted its first conference on the State of European Financial Markets in Paris.

October 17, 2017 WebPage Regulatory News
News

OSFI Guideline on Residential Mortgage Underwriting Procedures

OSFI published the final version of Guideline B-20 on residential mortgage underwriting practices and procedures.

October 17, 2017 WebPage Regulatory News
News

RBNZ Commences Phase 2 of Insurance Prudential Supervision Act Review

RBNZ released a feedback statement after considering the responses received on the consultation on issues paper on review of the Insurance (Prudential Supervision) Act 2010.

October 17, 2017 WebPage Regulatory News
News

BoM Revises Guideline and Templates for Liquidity Risk Management

The revised guideline shall come into effect on November 03, 2017. BoM also published the templates for liquidity coverage ratio (LCR), maturity mismatch profile of assets and liabilities, and LCR disclosure.

October 17, 2017 WebPage Regulatory News
News

Central Bank of Brazil Issues Financial Stability Report for H1 2017

The report is a semi-annual publication designed to present the recent developments and the outlook for financial stability in Brazil.

October 17, 2017 WebPage Regulatory News
News

BaFin Consults on Circulars and Forms for Solvency Reporting

BaFin is consulting on the reporting form and the notes on the data to be reported to demonstrate adequate capital adequacy at the level of a financial conglomerate.

October 16, 2017 WebPage Regulatory News
News

ESMA Launches MIFID II and MAR Financial Instrument Reference Database

ESMA launched the second phase of its Financial Instrument Reference Database (FIRDS). ESMA also published instructions for market participants on how to access the data and download the relevant machine-readable files.

October 16, 2017 WebPage Regulatory News
News

HKMA Circular on Management Accountability at Registered Institutions

HKMA issued guidance on management accountability, at Registered Institutions, for conducting or supervising the conduct of businesses that constitute regulated activities. The guidance is set out in the form of a list of frequently asked questions.

October 16, 2017 WebPage Regulatory News
News

Sabine Lautenschläger of ECB Dealing with a Globalized Banking Sector

Sabine Lautenschläger of ECB spoke at the George Washington University Law School in Washington D.C. about ways to deal with a globalized banking sector, reap the benefits, and keep the risks in check, as “that is the only way forward.”

October 16, 2017 WebPage Regulatory News
News

SNB Releases Reporting Forms for Liquidity Monitoring Tools

SNB released liquidity monitoring tool forms for group or single entity reporting. The released forms are for FINMA supervisory categories 1 and 2 (valid from January 31, 2018) and for FINMA supervisory categories 3 to 5 (valid from March 31, 2018).

October 16, 2017 WebPage Regulatory News
News

EC and CFTC Announce Common Approach on Derivatives Trading Venues

EC and U.S. CFTC issued a joint statement on a common approach on certain derivatives trading venues. EC also adopted European Market Infrastructure Regulation (EMIR) equivalence decision for derivatives transactions in the United States.

October 14, 2017 WebPage Regulatory News
News

Sabine Lautenschläger of ECB on Proportionality in Bank Regulation

Sabine Lautenschläger, Member of Executive Board and Vice-Chair of Supervisory Board of the ECB spoke at an IMF seminar in Washington D.C. She examined the issue of proportionality in supervision and regulation of banks.

October 14, 2017 WebPage Regulatory News
News

EBA Guidelines on Procedures for Complaints of Infringements of PSD2

EBA published the final guidelines on complaint procedures to be followed by competent authorities to ensure and monitor effective compliance by payment service providers with the revised Payment Services Directive (PSD2).

October 13, 2017 WebPage Regulatory News
News

EBA Single Rulebook Q&A: Second Update for October 2017

The Single Rulebook update for the second week of this month includes one item. The update is related to the systemic risk buffers and whether they can be additive.

October 13, 2017 WebPage Regulatory News
News

EC Issues Corrigendum to Regulation on Regulatory Capital for Insurers

EC issued corrigendum to the Commission Delegated Regulation (EU) 2017/1542 of June 08, 2017 (published in the Official Journal of the European Union on September 14, 2017).

October 13, 2017 WebPage Regulatory News
News

ESMA Publishes Responses to Consultation Under Prospectus Regulation

ESMA published the responses received to its consultation on technical advice under the new Prospectus Regulation.

October 13, 2017 WebPage Regulatory News
News

FSB Publishes Stocktake on Regulatory Practices in Cybersecurity

FSB published the results of a stocktake on cybersecurity regulations, guidance, and supervisory practices. FSB published two reports: a summary report and a detailed analysis of the results of the stocktake.

October 13, 2017 WebPage Regulatory News
News

FSI Chairman on Regulatory Achievements and Remaining Challenges

BIS published a presentation by Mr. Fernando Restoy, the Chairman of Financial Stability Institute (FSI) of BIS, at the CIV Meeting of Central Bank Governors of the Center for Latin American Monetary Studies (CEMLA) in Washington DC.

October 13, 2017 WebPage Regulatory News
News

HKMA Publishes Banking Amendment Bill 2017 to Update Regulatory Regime

HKMA published a letter informing about the publication of Banking (Amendment) Bill 2017 in the Gazette. The Bill is published in an effort to strengthen the resilience of the banking system of Hong Kong, in accordance with the international regulatory standards.

October 13, 2017 WebPage Regulatory News
News

William Coen of BCBS on the State of Global Financial Regulation

Mr. William Coen, Secretary General of the Basel Committee, spoke about the state of global financial regulation, at the 2017 IIF Annual Membership Meeting in Washington DC.

October 13, 2017 WebPage Regulatory News
News

FSC Consults on Implementation of NSFR and Leverage Ratio

The Financial Services Commission (FSC) of Korea proposed amendments to the Regulation on Supervision of Banking Business for the implementation of the net stable funding ratio (NSFR) and the leverage ratio, as set by BCBS.

October 13, 2017 WebPage Regulatory News
News

EBA Corrects Portfolio Identifiers for the 2018 Benchmarking Exercise

EBA rectified Annex 1 of its implementing technical standards on benchmarking of internal approaches, which had been amended on May 04, 2017 to define the benchmarking portfolios for the 2018 benchmarking exercise.

October 12, 2017 WebPage Regulatory News
News

IASB Issues Amendments to IFRS 9 and IAS 28

IASB issued amendments to the International Financial Reporting Standards (IFRS) 9 on Financial Instruments and to the International Accounting Standard (IAS) 28 on Investments in Associates and Joint Ventures to aid implementation.

October 12, 2017 WebPage Regulatory News
News

IMF Brings Together Policymakers to Foster Cooperation on Fintech

IMF brought together ministers of finance and economics, central bank governors, and other senior officials to share experiences, examine impact of technological change in the financial sector, and discuss potential policy and regulatory responses to financial technology (fintech).

October 12, 2017 WebPage Regulatory News
News

EC Sets Out Path Toward Completion of the Banking Union by 2018

EC published a communication that sets out a path to ensure agreement on all the outstanding elements of the Banking Union, based on existing commitments by the Council.

October 11, 2017 WebPage Regulatory News
News

EBA Consults on Reporting for Resolution Plans

EBA launched a consultation to amend the implementing technical standards on the information that institutions must provide to resolution authorities for drawing up and implementing resolution plans.

October 11, 2017 WebPage Regulatory News
News

EBA Guidance to Authorities and Institutions on Brexit Relocations

EBA published an opinion on issues related to Brexit to ensure consistent application of EU legislation to businesses seeking to establish, or enhance, their EU27 presence to retain access to the EU Single Market.

October 11, 2017 WebPage Regulatory News
News

EIOPA Publishes Guidelines on “Execution-Only” Sales

EIOPA published the final report on guidelines for insurance-based investment products (IBIPs), for which the associated risks are difficult for the customer to understand.

October 11, 2017 WebPage Regulatory News
News

IOSCO Publishes Final Report on Other CRA Products

The final report on OCPs describes six groups of OCPs and their current status, along with business practices and trends within the CRA industry.

October 11, 2017 WebPage Regulatory News
News

ESMA Issues Q&As on MiFID II Implementation for Post-Trading Issues

ESMA issued Question and Answers (Q&As) on post-trading issues related to the implementation of the second Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).

October 10, 2017 WebPage Regulatory News
News

FSB Publishes Progress Report on Implementation of IBOR Reforms

FSB published a progress report on implementation of its 2014 recommendations to reform major interest rate benchmarks such as key interbank offered rates (IBORs).

October 10, 2017 WebPage Regulatory News
News

Hyun Song Shin of BIS on Institutional and Systemic Leverage

Mr. Hyun Song Shin, Economic Adviser and Head of Research of the BIS, spoke at the IMF conference on Systemic Risk and Macro-prudential Stress Testing in Washington DC.

October 10, 2017 WebPage Regulatory News
News

ECB Releases Results of the 2017 Stress Tests on IRRBB

ECB had conducted a sensitivity analysis of interest rate risk in the banking book (IRRBB) based on year-end 2016 numbers.

October 09, 2017 WebPage Regulatory News
News

ESMA Briefing on the Importance of LEI for MiFID II/MiFIR Compliance

The briefing describes LEI, explains which EU regulations and directives require its use, who can apply for it, and why it is important.

October 09, 2017 WebPage Regulatory News
News

ESMA Updates List of Recognized Third-Country CCPs

ESMA updated the list of recognized central counterparties (CCPs) based in third countries.

October 09, 2017 WebPage Regulatory News
News

FSI Paper on Policy Options for the Resolution of Nonperforming Loans

The paper on policy options reviews NPL resolutions in several countries and offers insights into the prerequisites for successful resolution strategies.

October 09, 2017 WebPage Regulatory News
News

Steven Maijoor of ESMA Speaks on Implementation of MiFID II and Brexit

He briefly outlined ESMA’s key activities over the past 12 months, along with the upcoming challenges for the EU’s capital markets and ESMA.

October 09, 2017 WebPage Regulatory News
News

Gabriel Bernardino of EIOPA on Achievements and Challenges for EIOPA

Gabriel Bernardino, Chairman of EIOPA, delivered a statement on the achievements of EIOPA over the past year, along with the challenges ahead, at the hearing of the European Parliament’s Economic and Monetary Affairs Committee.

October 09, 2017 WebPage Regulatory News
News

EC Amends Rule Specifying Data to be Provided by Trade Repositories

EC published a Commission Delegated Regulation (CDR; EU Regulation 2017/1800) that further specifies the operational standards required to access, aggregate, and compare data across trade repositories.

October 07, 2017 WebPage Regulatory News
News

EC Regulation on the Exemption of Certain Third Country Central Banks

EC published the Commission Delegated Regulation (CDR; EU Regulation 2017/1799) on the exemption of certain third country central banks in their performance of monetary, foreign exchange, and financial stability policies from pre- and post-trade transparency requirements.

October 07, 2017 WebPage Regulatory News
News

BCBS to Allow National Discretions for Derivative Liabilities in NSFR

BCBS has agreed to allow national discretion for the net stable funding ratio’s (NSFR's) treatment of derivative liabilities.

October 06, 2017 WebPage Regulatory News
News

EBA Single Rulebook Q&A: First Update for October 2017

As part of the Single Rulebook update for the first week of October 2017, answers to seven questions were published.

October 06, 2017 WebPage Regulatory News
News

EC Publishes US-EU Bilateral Agreement and Related Council Decisions

EC published, in the Official Journal of the European Union, the bilateral agreement between the EU and the U.S. on prudential measures regarding insurance and reinsurance.

October 06, 2017 WebPage Regulatory News
News

FSB Discusses Workplan and Next Steps on Evaluating Effects of Reforms

The FSB plenary met in Berlin and reviewed the workplan for the remainder of 2017-18, along with the next steps on evaluation of the effects of the post-crisis reforms.

October 06, 2017 WebPage Regulatory News
News

HKMA Revises SPM Modules on Corporate Governance and Risk Management

HKMA published the revised supervisory policy manual (SPM) modules on corporate governance of locally incorporated authorized institutions (CG-1) and risk management framework (IC-1).

October 06, 2017 WebPage Regulatory News
News

IMF Published Reports on the 2017 Article IV Consultation with Spain

IMF published its staff report, selected issues report, and the financial system stability assessment (FSSA) report on Spain.

October 06, 2017 WebPage Regulatory News
News

MAS Consults on Draft Notices and Guidelines Related to the SFA

MAS published consultation paper I on draft notices and guidelines pursuant to the Securities and Futures Act (SFA).

October 06, 2017 WebPage Regulatory News
News

US Agencies Propose Form FFIEC016 to Combine Three Stress Test Reports

The US agencies (OCC, FED, and FDIC) are seeking comments on the proposed Annual Dodd-Frank Act Company-Run Stress Test Report for depository institutions and holding companies with USD 10 to 50 billion in consolidated assets (FFIEC 016).

October 06, 2017 WebPage Regulatory News
News

US Treasury Report on Reducing Burdens of Capital Markets Regulation

The U.S. Department of the Treasury released a report detailing how to streamline and reform the U.S. regulatory system for the capital markets.

October 06, 2017 WebPage Regulatory News
News

EBA Publishes Work Program for 2018

The work program describes planned activities and tasks of EBA for the coming year.

October 05, 2017 WebPage Regulatory News
News

EBA Updated its Risk Dashboard for 2Q 2017

EBA published an update of its Risk Dashboard for the second quarter of 2017. The dashboard summarizes the key risks and vulnerabilities in the EU banking sector through a set of risk indicators.

October 05, 2017 WebPage Regulatory News
News

EIOPA Q&A on Regulations: First Update for October 2017

EIOPA published new sets of questions and answers (Q&A) on implementing and delegating regulations, mostly relevant to Solvency II.

October 05, 2017 WebPage Regulatory News
News

ESMA Publishes its Work Program for 2018

The work program sets out priorities and focus areas for 2018, in support of the ESMA mission to enhance investor protection and promote stable and orderly financial markets.

October 05, 2017 WebPage Regulatory News
News

ESMA Updates Q&As on AIFMD and UCITS in October 2017

ESMA published updated question and answer (Q&A) documents on the application of the Undertakings for the Collective Investment in Transferable Securities Directive (UCITS) and the Alternative Investment Fund Managers Directive (AIFMD).

October 05, 2017 WebPage Regulatory News
News

FED Extends Comment Date on Two Proposals for Firms It Supervises

FED is extending the public comment period on a proposal to enhance the effectiveness of boards of directors and on a proposal to better align its rating system for large financial institutions with the post-crisis supervisory program for these firms.

October 05, 2017 WebPage Regulatory News
News

FED Updates Reporting Forms FR 2314, Y-7N, and Y-11 in October 2017

Among the FED information collections that have been under review, the reporting forms FR 2314, FR Y-7N, and FR Y-11 have been revised in the first week of October 2017.

October 05, 2017 WebPage Regulatory News
News

IMF Publishes Technical Notes Under FSAP with Sweden

IMF published seven technical notes under the Financial Sector Assessment Program (FSAP) with Sweden.

October 05, 2017 WebPage Regulatory News
News

IMF Reports on the 2017 Article IV Consultation with Saudi Arabia

IMF published its staff report, selected issues report, and the financial system stability assessment (FSSA) report on Saudi Arabia. These reports are a part of the IMF's financial sector surveillance on Saudi Arabia.

October 05, 2017 WebPage Regulatory News
News

ECB Consults on an Addendum to its Guidance on Non-Performing Loans

ECB launched a public consultation on a draft addendum to the ECB guidance on non-performing loans (NPLs).

October 04, 2017 WebPage Regulatory News
News

FED Updates Q&A on Information Collection for FR Y-14A, Q, and M

FED updated the questions and answers (Q&A) on the Capital Assessments and Stress Testing Information Collection FR Y-14.

October 04, 2017 WebPage Regulatory News
News

FSI Paper on Supplemental Basel III Liquidity Monitoring Tools

The Financial Stability Institute (FSI) of BIS published an occasional paper (No. 14) on the Basel III liquidity monitoring tools, with focus on the possible application of the additional tools.

October 04, 2017 WebPage Regulatory News
News

PRA Consults on Changes to the Large Exposures Framework

The PRA published a consultation paper CP20/17 that sets out its proposed changes and clarifications to requirements related to intragroup transactions in the large exposures Part of the PRA Rulebook.

October 04, 2017 WebPage Regulatory News
News

PRA Consults on Groups Policy and Double Leverage for Banks

The PRA published a consultation paper CP19/17 on groups policy and double leverage for banks.

October 04, 2017 WebPage Regulatory News
News

ECB Issued Opinion on a Proposal for Regulation Related to CCPs

ECB published its opinion on proposal for a regulation about the procedures and authorities involved for the authorization of central counterparties (CCPs) and the recognition of third-country CCPs.

October 04, 2017 WebPage Regulatory News
News

FIN-FSA to Require Use of LEI Code for Transaction Reporting

The Finnish Financial Supervisory Authority FIN-FSA published a notification informing supervised entities about the deadline for the requirement of using a Legal Entity Identifier (LEI) code in transaction reporting.

October 04, 2017 WebPage Regulatory News
News

RBI Reduces Statutory Liquidity Ratio Requirement for Banks

RBI decided to reduce the Statutory Liquidity Ratio (SLR) requirement of banks from 20.0% of their Net Demand and Time Liabilities (NDTL) to 19.5% from the fortnight commencing October 14, 2017.

October 04, 2017 WebPage Regulatory News
News

FSB Consults on Governance Arrangements for Unique Product Identifier

FSB published a consultation document on the governance arrangements for the unique product identifier (UPI).

October 03, 2017 WebPage Regulatory News
News

BIS Article on International Coordination of Macro-Prudential Policies

BIS published an article by Luiz Awazu Pereira da Silva and Michael Chui on avoiding "regulatory wars" using the international coordination of macro-prudential policies.

October 03, 2017 WebPage Regulatory News
News

ESMA Updates Q&A on MiFID II/MiFIR Investor Protection in October 2017

ESMA added 12 new items to its questions and answers (Q&A) document on the implementation of investor protection topics under the second Market in Financial Instruments Directive and Regulation (MiFID II/MiFIR).

October 03, 2017 WebPage Regulatory News
News

ESMA Updates Q&As on MIFID II in October 2017

ESMA updated its questions and answers (Q&As) on the implementation of the second Markets in Financial Instruments Directive (MiFID II).

October 03, 2017 WebPage Regulatory News
News

FASB Proposes Accounting Standards Update on Codification Improvements

FASB published an Exposure Draft that proposed an Accounting Standards Update on codification improvements, which include codification updates for technical corrections, clarifications, and other minor improvements.

October 03, 2017 WebPage Regulatory News
News

PRA Issues Policy Statements on Refining Pillar 2A Capital Approach

The PRA published the policy statement PS22/17, which provides feedback to responses to the consultation paper CP3/17 titled "Refining the PRA’s Pillar 2A capital framework."

October 03, 2017 WebPage Regulatory News
News

PRA Proposes Changes to PRA Rulebook Parts and Supervisory Statements

PRA published an occasional consultation paper CP18/17 proposing changes to the PRA Rulebook Parts and supervisory statements.

October 03, 2017 WebPage Regulatory News
News

PRA Published PS21/17 and SS46/15 Related to UK Leverage Ratio

The PRA published the policy statement PS21/17 titled “UK leverage ratio: treatment of claims on central banks.” The PRA also published an updated version of the supervisory statement SS46/15, which contains updated instructions for completing data items FAS083 and FSA084 in the context of the UK leverage ratio.

October 03, 2017 WebPage Regulatory News
News

PRA Published PS23/17 and SS11/13 Related to IRB Approach

The PRA published the policy statement PS23/17, which provides feedback to responses to the consultation paper CP5/17 titled “Internal Ratings Based (IRB) approach: clarifying PRA expectations.”

October 03, 2017 WebPage Regulatory News
News

PRA Published PS24/17 Related to Changes to SMR Forms

PRA published the policy statement PS24/17, which provides feedback to responses to Chapter 4 of the consultation paper CP8/17 titled “Strengthening accountability in banking and insurance: optimizations to the Senior Insurance Managers Regime (SIMR), and changes to SMR forms.”

October 03, 2017 WebPage Regulatory News
News

ESMA Updates Q&As on CSDR and EMIR in October 2017

ESMA updated question and answers (Q&As) on the European Market Infrastructure Regulation (EMIR) and the Central Securities Depositories Regulation (CSDR), respectively.

October 02, 2017 WebPage Regulatory News
News

BoE Updated its Approach to Resolution Framework for Banks

BoE published an update to its 2014 approach to the resolution framework for failing banks, building societies, and certain investment firms. It also covers arrangements for central counterparties or CCPs.

October 02, 2017 WebPage Regulatory News
News

FSOC Reevaluates Whether AIG Poses Risk to US Financial Stability

FSOC announced that it has rescinded its determination that the material financial distress at American International Group, Inc. (AIG) could pose a threat to the U.S. financial stability and that AIG shall be subject to supervision by the Board of Governors and enhanced prudential standards.

October 02, 2017 WebPage Regulatory News
News

SARB Issues Circular Updating Reporting Requirements for SPIs

SARB issued Circular D4/2017 on matters related to securitization vehicles.

October 02, 2017 WebPage Regulatory News
News

EBA Opinion on Design of New Prudential Framework for Investment Firms

The EBA opinion is accompanied by a report, which provides the underlying rationale for each recommendation, and a detailed impact assessment based on the quantitative impact studies conducted by EBA.

September 29, 2017 WebPage Regulatory News
News

EBA-US Agencies Conclude Cooperation Arrangement on Bank Resolution

EBA signed a Framework Cooperation Arrangement with several US financial regulatory agencies.

September 29, 2017 WebPage Regulatory News
News

EIOPA Publishes its Annual Work Program for 2018

The document highlights and specifies the activities and tasks of EIOPA for the coming year, within the framework of a multiannual work program 2017–2019.

September 29, 2017 WebPage Regulatory News
News

ESMA Consults on Guidelines for Non-Significant Benchmarks

ESMA launched a consultation on guidelines detailing the obligations that apply to non-significant benchmarks under the Benchmarks Regulation.

September 29, 2017 WebPage Regulatory News
News

ESMA Finalizes Derivatives Trading Obligation Under MiFID II

ESMA issued the final draft regulatory technical standard implementing the trading obligation for derivatives under the Markets in Financial Instruments Regulation (MiFIR).

September 29, 2017 WebPage Regulatory News
News

ESMA Updates Q&A on Market Abuse Regulation in September 2017

ESMA updated its questions and answers (Q&A) document on the implementation of the Market Abuse Regulation (MAR; EU Regulation No 596/2014).

September 29, 2017 WebPage Regulatory News
News

ESMA Updates Q&A on the Benchmarks Regulation

ESMA published the updated Questions and Answers (Q&A) document on implementation of the Benchmarks Regulation (BMR).

September 29, 2017 WebPage Regulatory News
News

FED Updates Multiple Reporting Forms in September 2017

Among the FED information collections that have been under review, the technical and supplemental instructions for multiple reporting forms have been updated in the last week of September 2017.

September 29, 2017 WebPage Regulatory News
News

IMF Director on Fintech Implications for Central Banks and Regulators

The IMF Managing Director Christine Lagarde examined the ways in which fintech will change central banking over the next generation, while considering the possible impact of three innovations—virtual currencies, new models of financial intermediation, and artificial intelligence.

September 29, 2017 WebPage Regulatory News
News

IMF Working Paper on Interconnectedness of G-SIBs and G-SIIs

IMF published a working paper on the interconnectedness among global systemically important banks (G-SIBs) and global systemically important insurers (G-SIIs).

September 29, 2017 WebPage Regulatory News
News

MAS Consults on Anti-Commingling Framework for Banks

MAS published consultation paper on review of anti-commingling framework for banks.

September 29, 2017 WebPage Regulatory News
News

Bank of Finland Updates Technical Reporting Guide for AnaCredit

The Bank of Finland updated the technical reporting guide for AnaCredit. It published the updated Version 2.2 of its preliminary AnaCredit requirements, along with the updated description of electronic reporting for credit data collection.

September 29, 2017 WebPage Regulatory News
News

CPMI and IOSCO Guidance on Harmonization of Unique Product Identifier

CPMI-IOSCO published a report that provides technical guidance to authorities on a uniform global Unique Product Identifier (UPI) applying to over-the-counter (OTC) derivatives transactions.

September 28, 2017 WebPage Regulatory News
News

ESMA and NCAs Published Work Plan for the Opinions Under MiFID II

ESMA, along with the national competent authorities (NCAs), published an updated work plan for the opinions on pre-trade transparency waivers and position limits that must be issued under the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).

September 28, 2017 WebPage Regulatory News
News

IAIS Newsletter for September 2017

IAIS published the September issue of its newsletter, which highlights the progress toward Insurance Capital Standard (ICS) Version 2.0 and the establishment of a fintech network for insurance supervisors.

September 28, 2017 WebPage Regulatory News
News

BNM Consults on Net Stable Funding Ratio Requirements for Banks

BNM issued the exposure draft on net stable funding ratio (NSFR) for banking institutions.

September 28, 2017 WebPage Regulatory News
News

BNM Publishes Exposure Draft on Outsourcing Arrangements

BNM issued a revised prudential framework on outsourcing arrangements for financial institutions.

September 28, 2017 WebPage Regulatory News
News

CPMI Proposes Strategy to Reduce the Risk of Wholesale Payments Fraud

CPMI published a consultative document proposing the strategy to reduce risk of wholesale payments fraud related to endpoint security.

September 28, 2017 WebPage Regulatory News
News

ESMA Guidelines for Management Body of Market Operators and DRSPs

ESMA published guidelines for the management body of market operators and data reporting services providers (DRSPs).

September 28, 2017 WebPage Regulatory News
News

ESRB Publishes Risk Dashboard for September 2017

The ESRB risk dashboard is a set of quantitative and qualitative indicators of systemic risk in the EU financial system.

September 28, 2017 WebPage Regulatory News
News

Sabine Lautenschläger of ECB on Way Forward for Banking Supervision

Sabine Lautenschläger, Member of the ECB Executive Board and Vice-Chair of the ECB Supervisory Board, spoke at the ESE Conference 2017 in Vienna. She examined the achievements, challenges, and the way forward for the banking supervision in Europe.

September 28, 2017 WebPage Regulatory News
News

EC Opinion on Greater ECB Regulatory Powers for Clearing Systems

EC issued a favorable opinion on the ECB recommendation of June 23, 2017, in which ECB asked for a greater role in regulating clearing systems for financial instruments, for example, with regard to central counterparties (CCPs).

September 28, 2017 WebPage Regulatory News
News

DNB Issues the Banking Newsletter for September 2017

This month one of the key focus areas is publication of the new regulations regarding Deposit Guarantee Scheme (DGS) by DNB in the Government Gazette.

September 27, 2017 WebPage Regulatory News
News

PRA Issues SS6/17 on Compliance with the EBA Guidelines on Disclosure

PRA published a supervisory statement SS6/17 on compliance with the EBA guidelines on disclosure.

September 27, 2017 WebPage Regulatory News
News

PRA Updates Timeline for Capital+ Reporting Requirements

The PRA published the updated timeline for Capital+ reporting requirements, as previously set out in the policy statement PS32/16 titled “Responses to Chapter 3 of consultation paper, CP17/16 - forecast capital data”; this is ahead of October 01, when the requirements take effect.

September 27, 2017 WebPage Regulatory News
News

US Agencies Propose to Simplify Regulatory Capital Rules

US Agencies (OCC, FED, and FDIC) proposed a rule for reducing the regulatory burden by simplifying several requirements in the agencies' regulatory capital rule.

September 27, 2017 WebPage Regulatory News
News

Article of EIOPA Chairman on Learning Lessons from Solvency II

The article, which was originally published in the Enterprise Risk Magazine, highlights that, for insurers, there are lessons to learn in implementing Solvency II.

September 27, 2017 WebPage Regulatory News
News

Danièle Nouy of ECB on Consolidation in European Banking Sector

Danièle Nouy, Chair of the ECB Supervisory Board, spoke at the VIII Financial Forum in Madrid.

September 27, 2017 WebPage Regulatory News
News

DNB Issues Insurance Newsletter for September 2017

In this month’s newsletter, DNB insists that insurers keep an eye on solvency without Ultimate Forward Rate (UFR) and the Volatility Adjustment. Solvency II contains a number of elements aimed at (market) damping volatility of the Solvency II ratio of insurers.

September 27, 2017 WebPage Regulatory News
News

ESMA Publishes Opinion on AMP under MAR on Liquidity Contracts

ESMA published an opinion on the accepted market practice (AMP) on liquidity contracts.

September 27, 2017 WebPage Regulatory News
News

SEC Publishes Interpretive Guidance on Pay Ratio Disclosure

SEC published interpretive guidance to assist registrants in preparation of their pay ratio disclosures required by Item 402(u) of Regulation S-K.

September 27, 2017 WebPage Regulatory News
News

FDIC Adopts Final Rule on Qualified Financial Contracts

FDIC adopted a final rule to enhance the resilience, safety, and soundness of state savings associations and banks supervised by the FDIC that are affiliated with systemically important U.S. and foreign banking organizations (also known as covered FDIC-supervised institutions).

September 27, 2017 WebPage Regulatory News
News

EBA-ESMA Guidelines to Assess Suitability of Management Body Members

EBA and ESMA published joint guidelines to assess the suitability of members of management bodies and key function holders.

September 26, 2017 WebPage Regulatory News
News

EBA Revises Guidelines on Internal Governance for Banks in EU

The guidelines emphasize the duties and responsibilities of the management body in its supervisory function in risk oversight, including the role of their committees.

September 26, 2017 WebPage Regulatory News
News

ECB Amends Guideline on TARGET2 Payments System in Europe

ECB published a guideline offering further clarifications by amending Guideline ECB/2012/27 on a Trans-European Automated Real-time Gross Settlement Express Transfer system (TARGET2).

September 26, 2017 WebPage Regulatory News
News

HKMA Extends Local Implementation Timeline for IRRBB

HKMA is revising the implementation date of the new interest rate risk in the banking book (IRRBB) standards in Hong Kong, from January 01, 2018 to January 01, 2019.

September 26, 2017 WebPage Regulatory News
News

Vítor Constâncio of ECB on Macro-Prudential Tools for Non-Bank Sector

The ECB Vice-President Vítor Constâncio spoke, at the ESRB Annual Conference in Frankfurt, about macro-prudential stress tests and tools for the nonbank financial sector.

September 26, 2017 WebPage Regulatory News
News

LEI ROC Consults on Fund Relationships in the Global LEI System

LEI ROC published a consultation on fund relationships in the Global Legal Entity Identifier System (GLEIS).

September 26, 2017 WebPage Regulatory News
News

APRA Letter on Its Approach to AASB 16 and AASB 17 for Insurers

APRA published a letter informing regulated insurers about its planned response to the issuance of standards on AASB 16 Leases (AASB 16) and AASB 17 Insurance Contracts (AASB 17).

September 25, 2017 WebPage Regulatory News
News

Andreas Dombret of Bundesbank Speaks on Regulatory Proportionality

The speech focused on regulatory proportionality for small banks and savings banks with a regional footprint and examined how the regulatory landscape might evolve for these banks.

September 25, 2017 WebPage Regulatory News
News

ECB Guide on Materiality Assessment for Changes to CCR Models

In this guide, ECB explains approval criteria for changes to internal models that directly supervised banks use to calculate capital requirements for counterparty credit and credit valuation adjustment risks.

September 25, 2017 WebPage Regulatory News
News

EIOPA Survey on Developing Q&A on Insurance Distribution Directive

EIOPA launched a survey to gather data from stakeholders for work on developing questions and answers (Q&A) on the insurance distribution activities by insurance distributors, focusing on issues of interpretation or application of the Insurance Distribution Directive (IDD) and its implementing measures.

September 25, 2017 WebPage Regulatory News
News

BaFin Publishes FINREP 2.6_nGAAP Reporting Templates for Insurers

BaFin published the FINREP 2.6­­_nGAAP reporting templates for Solvency II reporting in Germany.

September 25, 2017 WebPage Regulatory News
News

CFPB Proposed Policy Guidance on Disclosure of Loan-Level HMDA Data

CFPB proposed policy guidance describing modifications that it intends to apply to the loan-level Home Mortgage Disclosure Act (HMDA) data that financial institutions will report under the Home Mortgage Disclosure (Regulation C) before the data are disclosed to public.

September 25, 2017 WebPage Regulatory News
News

FPC Recommends Setting Minimum Leverage Requirement at 3.25%

At the BoE's Financial Policy Committee (FPC) meeting, which was held on September 20, 2017, the key developments included review of developments since its June 21 meeting.

September 25, 2017 WebPage Regulatory News
News

PRA Letter on Transitional Arrangements for Capital Impact of IFRS 9

The PRA published a letter on transitional arrangements for capital impact of the International Financial Reporting Standards (IFRS) 9 expected credit loss (ECL) accounting.

September 25, 2017 WebPage Regulatory News
News

FCA Consults on Implementation of Insurance Distribution Directive

FCA published the third consultation paper, CP17/33, on implementation of the Insurance Distribution Directive (IDD). This consultation follows on from CP17/7 and CP17/23 with further proposals on how FCA plans to implement the IDD in the UK.

September 25, 2017 WebPage Regulatory News
News

RBI Amends Guidelines on Financial Services Provided by Banks

RBI has amended its Master Direction (or guidelines) on financial services provided by banks, which it originally issued in May 2016.

September 25, 2017 WebPage Regulatory News
News

EBA Amends Technical Standards on Supervisory Disclosure

EBA launched a consultation to amend the implementing technical standards (ITS) on supervisory disclosure, which specify the format, structure, contents list, and annual publication date of the supervisory information to be disclosed by competent authorities.

September 22, 2017 WebPage Regulatory News
News

EBA Single Rulebook Q&A: Second Update for September 2017

As part of the Single Rulebook update for the week ending September 22, 2017, answers to seven questions were published.

September 22, 2017 WebPage Regulatory News
News

ESAs Guidance on Preventing ML/TF in Electronic Fund Transfers

The Joint Committee of the ESAs published guidelines to prevent the abuse of funds transfers for money laundering and terrorist financing.

September 22, 2017 WebPage Regulatory News
News

MAS Amends Notice 637 on Risk-Based Capital Adequacy Rules for Banks

MAS is amending Notice 637 on risk-based capital adequacy requirements for banks incorporated in Singapore.

September 22, 2017 WebPage Regulatory News
News

Pentti Hakkarainen of ECB on Challenges and Future of Banking in EU

He discussed the profitability and business model sustainability of euro area banks, along with the legacy issue of nonperforming loans (NPLs), providing thoughts on why and how banks should progress further toward solutions in this area.

September 22, 2017 WebPage Regulatory News
News

BoM Issued Revised Guideline on Credit Concentration Risk

The Bank of Mauritius (BoM) revised its guideline on credit concentration risk. This guideline applies to all banks and non-bank deposit taking institutions licensed under the Banking Act 2004.

September 22, 2017 WebPage Regulatory News
News

EU and US Signed Bilateral Agreement on Insurance and Reinsurance

EU and U.S. signed a bilateral agreement on insurance and reinsurance. The agreement will boost consumer protection and cut costs and red tape for EU insurers and reinsurers active in the U.S.

September 22, 2017 WebPage Regulatory News
News

Ignazio Angeloni of ECB on Cooperation and Challenges in Banking Union

Ignazio Angeloni, Member of the ECB Supervisory Board, at the XXXI Convegno “Adolfo Beria di Argentine” in Courmayeur, spoke about the working and the challenges of the new European banking supervision, as part of the Single Supervisory Mechanism (SSM).

September 22, 2017 WebPage Regulatory News
News

IMF Counsellor on Macroprudential Policy and Financial Vulnerabilities

Tobias Adrian, IMF Financial Counsellor, spoke about macro-prudential policy and financial vulnerabilities.

September 22, 2017 WebPage Regulatory News
News

EC Adopts Rules to Prevent Mis-Selling of Insurance Products

EC adopted two delegated regulations, which supplement the Insurance Distribution Directive (IDD or Directive 2016/97/EU), to protect consumers when they buy insurance products in the EU.

September 21, 2017 WebPage Regulatory News
News

ECB Consults on Guides to Bank Licensing and Fintech Bank Licensing

ECB launched a public consultation on two draft guides explaining the process of how entities can become banks and obtain a banking licenses.

September 21, 2017 WebPage Regulatory News
News

EC Vice President on Proposal to Improve Effectiveness of ESAs

He focused on the issue of nonperforming loans (NPLs) and the micro- and macro-prudential aspects of the proposal for a review of the European System of Financial Supervision.

September 21, 2017 WebPage Regulatory News
News

ESAs Publish Report on Risks in the Financial System in EU

The report highlights the challenges arising from fintech developments, along with the potential financial stability risks arising from the withdrawal of the UK from the EU.

September 21, 2017 WebPage Regulatory News
News

FSB and IMF Issue Second Progress Report on G20 Data Gaps Initiative

The work is being undertaken to advance implementation of the twenty recommendations aimed to address the data gaps identified after the global financial crisis and promote the regular flow of timely and reliable statistics for policy use.

September 21, 2017 WebPage Regulatory News
News

IMF Publishes Reports on the 2017 Article IV Consultation with France

IMF published its staff report and selected issues report in the context of the 2017 Article IV consultation with France.

September 21, 2017 WebPage Regulatory News
News

EC Proposal on Financial Supervision for the Capital Markets Union

EC proposed reforms to pave the way for further financial integration and a full Capital Markets Union, to promote jobs, growth, and investments in Europe and to strengthen the Economic and Monetary Union.

September 20, 2017 WebPage Regulatory News
News

ESMA Issues Responses to Proposal on Internalized Settlement Reporting

ESMA published the 16 responses it received to the consultation on guidelines on internalized settlement reporting under Article 9 of Central Securities Depositories Regulation (CSDR).

September 20, 2017 WebPage Regulatory News
News

APRA Publishes FAQ on Capital Requirements for Banks and Insurers

APRA updated the frequently asked questions (FAQ) on topics related to the capital adequacy requirements for banks and insurers in Australia.

September 19, 2017 WebPage Regulatory News
News

BCBS Updates FAQs on the Basel III Definition of Capital

BCBS published answers to the fourth set of frequently asked questions (FAQs) on the Basel III definition of capital.

September 19, 2017 WebPage Regulatory News
News

EBA Consults on Significant Risk Transfer in Securitization

EBA launched a public consultation on significant risk transfer in securitization. In response to the mandate on significant risk transfer laid down in the Capital Requirements Regulation (CRR).

September 19, 2017 WebPage Regulatory News
News

IAIS Publishes Application Paper on Regulation and Supervision of MCCO

This paper offers guidance on proportionate application of ICPs, which should contribute to removing unnecessary barriers by disproportionate regulation and supervision while ensuring appropriate policyholder protection.

September 19, 2017 WebPage Regulatory News
News

BoE Publishes Feedback Request on Ring-Fencing Reporting Taxonomy

BoE published a public working draft of the standalone ring-fencing taxonomy that will make up part of version 3.0 of the BoE Banking XBRL Taxonomy, alongside related technical artefacts.

September 18, 2017 WebPage Regulatory News
News

EIOPA Publishes Second Set of Solvency II Statistics on Europe

EIOPA published its second set of statistical information on the European insurance sector, based on Solvency II regulatory reporting.

September 18, 2017 WebPage Regulatory News
News

Jaime Caruana of BIS Speaks on Challenges After Post-Crisis Reforms

He highlighted the importance of effective implementation of the post-crisis global regulatory reforms. He then discussed the three dimensions of policy implementation.

September 18, 2017 WebPage Regulatory News
News

ECB Board Member on Regulation, Supervision, and Market Discipline

Sabine Lautenschläger, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at a conference hosted by the Financial Stability Institute spoke about striking a balance between regulation, supervision, and market discipline.

September 18, 2017 WebPage Regulatory News
News

IMF Publishes Technical Notes Under FSAP with Japan

IMF published five technical notes under the 2017 Financial Sector Assessment Program (FSAP) with Japan. This assessment comprises technical notes on the wide spectrum of financial sector, including banking, insurance, and securities.

September 18, 2017 WebPage Regulatory News
News

Bundesbank Updates Q&A and Technical Specifications on AnaCredit

Deutsche Bundesbank published Version 9.0 of the structured questions and answers (Q&A) on AnaCredit. Bundesbank also updated the AnaCredit technical reporting formats and technical specifications of the master and credit data notifications for AnaCredit.

September 15, 2017 WebPage Regulatory News
News

Danièle Nouy of ECB on Dealing with Regulatory Arbitrage

She discussed the regulatory arbitrage challenges facing regulators and supervisors and highlighted the importance of international supervisory cooperation to deal with this issue.

September 15, 2017 WebPage Regulatory News
News

EIOPA Q&A on Regulations: First Update for September 2017

EIOPA published new sets of questions and answers (Q&As) on implementing and delegating regulations, mostly relevant to Solvency II.

September 15, 2017 WebPage Regulatory News
News

ESMA Issues Procedure for ETD Access to CCPs Under MIFID II

ESMA issued a procedure under Markets in Financial Instruments Regulation (MiFIR), which lays out the steps for trading venues to temporarily opt out from access provisions for exchange-traded derivatives (ETDs).

September 15, 2017 WebPage Regulatory News
News

ESRB Paper on CCPs in Interest Rate Derivatives Market in EU

ESRB published a working paper presenting a network analysis of the centrally cleared interest rate derivatives market in the EU, by looking at counterparty relations in both direct (house) clearing and client clearing.

September 15, 2017 WebPage Regulatory News
News

FED Publishes Notice for Forms FR Y-11, Y-9, Y-7N, 2886b, and 2314

FED published the Federal Register notice deferring the proposed implementation date for FR Y-9, FR Y-7N, FR 2886b, FR Y-11, and FR 2314, on which comments must be submitted by September 18, 2017.

September 15, 2017 WebPage Regulatory News
News

IMF Reports on 2017 Article IV Consultation with Portugal

IMF publishes its staff report and selected issues report in the context of the 2017 Article IV consultation with Portugal.

September 15, 2017 WebPage Regulatory News
News

PRA Publishes UK-Specific Reporting Clarifications Related to FINREP

The clarifications are intended to help firms to comply with the financial statements reporting requirements, as set out in paragraph 2.9 of policy statement, PS36/16 “Financial statements - responses to Chapter 3 of consultation paper, CP17/16.”

September 15, 2017 WebPage Regulatory News
News

Sabine Lautenschläger of ECB Speaks on Banking Supervision

She noted that, with regard to regulation and supervision, Europe has opted for less variety and more harmonization; for example, there is a single European rulebook for banks, a single European supervisor, and a single resolution mechanism.

September 15, 2017 WebPage Regulatory News
News

APRA on PC Inquiry into Competition in the Australian Financial System

APRA published its submission to the Productivity Commission’s (PC) Inquiry into competition in the Australian financial system.

September 15, 2017 WebPage Regulatory News
News

EC Amends Regulation on Calculation of Regulatory Capital for Insurers

EC published Commission Delegated Regulation (EU) 2017/1542, which amends the Delegated Regulation (EU) 2015/35 on calculation of regulatory capital requirements for certain categories of assets held by insurance and reinsurance undertakings (infrastructure corporates).

September 14, 2017 WebPage Regulatory News
News

FED Proposes Revision to FR Y-15 in September 2017

FED is inviting comments on a proposal to extend, with revision, the mandatory Banking Organization Systemic Risk Report (FR Y-15).

September 14, 2017 WebPage Regulatory News
News

IMF Publishes Paper on Challenges and Implications of Big Data

IMF published a research paper on the potential, challenges, and implications of big data for macroeconomic and financial statistics.

September 14, 2017 WebPage Regulatory News
News

EC VP on Capital Markets Union, Fintech, and Regulatory Coordination

The EC Vice President spoke, at the Eurofi Financial Forum 2017, about the Capital Markets Union, technological innovation, and global regulatory coordination.

September 14, 2017 WebPage Regulatory News
News

SRB Published Articles on Crisis Management Framework of EU and MREL

SRB published articles discussing the takeaways from the crisis management framework in the EU and the way ahead for the minimum requirement for own funds and eligible liabilities (MREL).

September 14, 2017 WebPage Regulatory News
News

Tobias Adrian of IMF on Shadow Banking and Market-Based Finance

He examined the economic characteristics and motivations that distinguish certain aspects of shadow banking from other forms of credit-based intermediation—like traditional banking and market-based finance.

September 14, 2017 WebPage Regulatory News
News

OSFI Issues Final Guideline on Enterprise-Wide Model Risk Management

The guideline establishes OSFI’s expectations for institutions in managing and controlling the use of models, whether for regulatory capital determination, internal risk management, valuation/pricing, business decision-making, or stress testing.

September 13, 2017 WebPage Regulatory News
News

OSFI Releases Report on Life Insurance Sector Consultation in 2016-17

OSFI is publishing a report presenting an overview of the consultation findings on the life insurance sector.

September 13, 2017 WebPage Regulatory News
News

US Agencies to Amend CRA Regulations to Conform to HMDA Regulation

The US Agencies (FDIC, FED, and OCC) are proposing amendments to the Community Reinvestment Act (CRA) regulations to exclude home improvement loans from the definition of "home mortgage loan."

September 13, 2017 WebPage Regulatory News
News

BCBS Issues Basel III Monitoring Report for Data as of December 2016

The report provides not only global averages but also a regional breakdown for many key metrics.

September 12, 2017 WebPage Regulatory News
News

ESMA Issues Second Report on Trends, Risks, and Vulnerabilities in 2017

The report identifies high asset price valuations as the major risk for European financial markets in the second half of 2017.

September 12, 2017 WebPage Regulatory News
News

ESMA Updates Q&A on MiFID II Implementation

ESMA published updated Questions and Answers (Q&As) regarding the implementation of the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).

September 12, 2017 WebPage Regulatory News
News

FSI Chairman on Rules Versus Discretion in Early Intervention Regime

He focused on the evolution, nature, and use of early intervention frameworks, including their role during the financial crisis.

September 12, 2017 WebPage Regulatory News
News

BCBS Issues Basel III Monitoring Updates for September 2017

BCBS released the Basel III monitoring workbook version 3.6.3 and updated the list of frequently asked questions for the collection of June 2017 data.

September 12, 2017 WebPage Regulatory News
News

GAO Issues Statement on Subsectors and Regulatory Oversight in Fintech

The U.S. GAO published a statement focusing on the subsectors and regulatory oversight in fintech. GAO, in April 2017, issued the first of a series of planned reports on the fintech industry that describes four commonly referenced subsectors of fintech and their regulatory oversight.

September 12, 2017 WebPage Regulatory News
News

Bundesbank Updates Validation and Plausibility Checks for Reporting

Bundesbank updated the Bundesbank and ECB validation and plausibility checks with respect to the data quality of the European harmonized reporting system.

September 11, 2017 WebPage Regulatory News
News

CFTC Chairman on Path Forward in Cross-Border Supervision of CCPs

CFTC published the translation of an article written by its Chairman Chris Giancarlo in French.

September 11, 2017 WebPage Regulatory News
News

EBA Revises List of ITS Validation Rules on Supervisory Reporting

EBA issued the revised list of validation rules in its implementing technical standards (ITS) on supervisory reporting. This recently published document highlights the rules that have been deactivated either for incorrectness or for triggering IT problems.

September 11, 2017 WebPage Regulatory News
News

ESMA Responds to IASB Request on Post-Implementation Review of IFRS 13

ESMA, in its letter, thanked IASB for the opportunity to contribute to the IASB’s Post-Implementation Review of IFRS 13, the accounting standard for fair value measurement.

September 11, 2017 WebPage Regulatory News
News

FINMA Published Transparency Report on Group Life Reporting 2016

FINMA published the transparency report on Group Life Reporting for 2016. This report sets out figures for private insurers who manage second pillar schemes.

September 08, 2017 WebPage Regulatory News
News

IMF Publishes Report on the 2017 Article IV Consultation with Serbia

IMF published its staff report on conclusion of the 2017 Article IV consultation with the Republic of Serbia and completed the seventh review of Serbia’s economic performance under the Stand-By Arrangement.

September 06, 2017 WebPage Regulatory News
News

US Agencies Published FAQs on New Accounting Standard on Credit Losses

The FAQs focus on the application of the current expected credit losses methodology (CECL) for estimating credit loss allowances and related supervisory expectations and regulatory reporting guidance.

September 06, 2017 WebPage Regulatory News
News

ECB and BoJ Release Report on Distributed Ledger Technology

ECB and Bank of Japan (BoJ) released the outcome of their joint research on distributed ledger technology (DLT) in a report titled, "Payment systems: liquidity saving mechanisms in a distributed ledger environment."

September 06, 2017 WebPage Regulatory News
News

FED Paper on Next Steps for Improving the U.S. Payment System

The paper summarizes the progress toward achieving each desired outcome, highlighting both observations on market activities as well as progress and outcomes of the FED initiatives.

September 06, 2017 WebPage Regulatory News
News

BaFin Consults on Supervisory Assessment of Risk-Bearing Capacity

BaFin published the draft guideline for supervisory assessment related to a bank's risk-bearing capacity.

September 06, 2017 WebPage Regulatory News
News

EBA Publishes Standards on MREL Reporting by Resolution Authorities

EBA published the final draft implementing technical standards (ITS) on procedures and templates for the identification and transmission of information by resolution authorities to EBA, on minimum requirements for own funds and eligible liabilities (MREL).

September 05, 2017 WebPage Regulatory News
News

FASB Proposes GAAP Financial Reporting and Shared Reporting Taxonomy

FASB released the proposed 2018 Generally Accepted Accounting Principles (GAAP) Financial Reporting Taxonomy and the proposed 2018 Shared Reporting Taxonomy (SRT) for public review and comment.

September 05, 2017 WebPage Regulatory News
News

FINMA Releases the Insurance Market Report 2016

FINMA published its annual report offering an overview of the Swiss insurance market in 2016.

September 05, 2017 WebPage Regulatory News
News

EC Adopts Rule on Disclosure of Encumbered and Unencumbered Assets

EC published the Delegated Regulation that supplements the Capital Requirements Regulation (CRR or Regulation (EU) No 575/2013) on regulatory technical standards for disclosure of encumbered and unencumbered assets.

September 04, 2017 WebPage Regulatory News
News

EBA Single Rulebook Q&A: First Update for September 2017

The one Single Rulebook update for the first week of this month answered a question related to capital buffers for other systemically important institutions or O-SIIs.

September 01, 2017 WebPage Regulatory News
News

ESMA Updates Q&A on Market Abuse Regulation

The Q&A updates also include detailed answers on the scope of the financial instruments subject to the market sounding regime under MAR and on the persons subject to the insider list requirements.

September 01, 2017 WebPage Regulatory News
News

FED Adopts Final Rule to Enhance Financial Stability

FED adopted the final rule requiring U.S. global systemically important banking institutions (G-SIBs) and the U.S. operations of foreign G-SIBs to amend qualified financial contracts (QFCs) to prevent their immediate cancellation or termination if the firm enters bankruptcy or resolution process.

September 01, 2017 WebPage Regulatory News
News

GLEIF Updates List of Regulatory Activities Including the Use of LEI

GLEIF has updated the list of current and proposed regulatory activities, including the use of Legal Entity Identifier (LEI).

September 01, 2017 WebPage Regulatory News
News

OSFI Updates the Manual of Financial Reporting Forms and Instructions

OSFI issued the 2017 Annual Update to the Manual of Financial Reporting Forms and Instructions. These updates are intended for deposit taking institutions.

September 01, 2017 WebPage Regulatory News
News

PRA Publishes Supervisory Disclosures Under Solvency II

This public disclosure is designed to foster a uniform level of transparency and accountability between supervisory authorities.

September 01, 2017 WebPage Regulatory News
News

FED Adopts Final Rule to Enhance Financial Stability

FED adopted the final rule requiring U.S. global systemically important banking institutions (G-SIBs) and the U.S. operations of foreign G-SIBs to amend qualified financial contracts (QFCs) to prevent their immediate cancellation or termination if the firm enters bankruptcy or resolution process.

September 01, 2017 WebPage Regulatory News
News

BaFin Published the BaFin Journal for September 2017

BaFin published the September edition of its BaFin Journal, which contains expert articles, interviews, and reports on key national and international supervisory issues as well as official announcements by the Directorate of Insurance Supervision.

September 01, 2017 WebPage Regulatory News
News

BCBS Consults on Implications of Fintech for Banks and Supervisors

BCBS released a consultation paper that assesses how technology-driven innovation in financial services (fintech) may affect the banking industry and the activities of supervisors in the near to medium term.

August 31, 2017 WebPage Regulatory News
News

EC Amends Rule on Benchmarking Portfolios and Reporting Instructions

EC published Commission Implementing Regulation, or CIR, (EU) 2017/1486 on benchmarking portfolios and reporting instructions.

August 31, 2017 WebPage Regulatory News
News

FSB Publishes Its Peer Review of Argentina

The review focused on the steps taken by the Argentine authorities to implement reforms in these areas, including by following up on relevant IMF-World Bank Financial Sector Assessment Program (FSAP) recommendations and FSB initiatives.

August 31, 2017 WebPage Regulatory News
News

Central Bank of Brazil Publishes Consultation Related to IFRS 9

The Central Bank of Brazil published a public consultation (54/2017) on the proposed resolution on accounting criteria for classification, measurement, and recognition of financial instruments by financial institutions.

August 31, 2017 WebPage Regulatory News
News

BIS Enhances Red Book Statistics on Cashless Payments and FMIs

BIS is updating and enhancing its statistics on cashless payments and financial market infrastructures (FMIs) in the 24 jurisdictions that are members of the CPMI.

August 30, 2017 WebPage Regulatory News
News

DNB Issues Banking Newsletter for August 2017

This month one of the key focus areas is International Financial Reporting Standard (IFRS) 9.

August 30, 2017 WebPage Regulatory News
News

Central Bank of Brazil Publishes Consultation on Credit Fintechs

The Central Bank of Brazil published a public consultation (55/2017) on direct credit and lending operations between entities.

August 30, 2017 WebPage Regulatory News
News

BaFin Circular on Derivative Instruments and Structured Products

BaFin published the circular 08/2017 on derivative financial instruments and structured products. The consultation 17/2016 on this topic was published in January 2017.

August 30, 2017 WebPage Regulatory News
News

EC Amends Definition of Systematic Internalisers Under MiFID II

EC published the Commission Delegated Regulation (CDR) that amends Delegated Regulation (EU) 2017/565 on specification of the definition of systematic internalisers for the second Markets in Financial Instruments Directive (MiFID II: Directive 2014/65/EU).

August 28, 2017 WebPage Regulatory News
News

ECB Amends Regulation on Supervisory Financial Information Reporting

The amendments adjust the regulation in line with changes in accounting standards. The amended regulation will come into effect on January 01, 2018.

August 28, 2017 WebPage Regulatory News
News

FASB Amends and Improves the Standard on Hedge Accounting

The new standard refines and expands hedge accounting for both financial and commodity risks. Its provisions create more transparency on the presentation of economic results, both on the face of the financial statements and in the footnotes, for investors and analysts.

August 28, 2017 WebPage Regulatory News
News

IMF Publishes Report and Technical Notes Under FSAP for Luxembourg

IMF published, under the Financial Sector Assessment Program (FSAP), six technical notes and a report on the detailed assessment of observance of the CPSS-IOSCO Principles for Financial Market Infrastructures (PFMIs) in Luxembourg.

August 28, 2017 WebPage Regulatory News
News

EBA Single Rulebook Q&A: Second Update for August 2017

The updates cover issues related to treatment of inflows from credit facilities in liquidity coverage ratio; liquid assets underlying sold call options; and whether high-income OECD countries' government bonds can be considered as Level 1 assets.

August 25, 2017 WebPage Regulatory News
News

FED Proposes Revisions to Multiple Reporting Forms in August 2017

FED is inviting comments on a proposal to extend, with revision, the mandatory Banking Organization Systemic Risk Report (FR Y-15). FED also proposed rulemaking and draft instructions for several reporting forms.

August 25, 2017 WebPage Regulatory News
News

HKAB, DTCA and HKMA on Expansion of Coverage of Commercial Credit Data

Hong Kong Association of Banks (HKAB), DTC Association (DTCA), and HKMA jointly announced the coverage expansion of commercial credit data sharing through the Commercial Credit Reference Agency (CCRA) in Hong Kong.

August 25, 2017 WebPage Regulatory News
News

ESMA Issues Guidelines on Data Transfer Between Trade Repositories

The guidelines cover the transfer of data at the request of a trade repository participant and the transfer of data due to withdrawal of trade repository registration.

August 24, 2017 WebPage Regulatory News
News

US Agencies Published Semi-Annual Regulatory Agenda

US Agencies (FDIC, SEC, FED, CFTC, and CFPB) published updates related to their respective semi-annual regulatory agenda.

August 24, 2017 WebPage Regulatory News
News

APRA Responds to Consultation on EFS Collection

APRA released a response to the submissions paper to the consultation on proposed changes to the Economic and Financial Statistics (EFS) data collection.

August 23, 2017 WebPage Regulatory News
News

EC Consults on Further Reducing Barriers to Post-Trade Services

The public consultation seeks to gather views on a range of issues, such as the state of post-trade markets, the key trends and challenges faced by post-trade services providers and users, and the best ways to remove barriers, including through financial technology.

August 23, 2017 WebPage Regulatory News
News

BoE Updated Capital+ XBRL Utility and Banking Annotated Templates

BoE published an updated version 1.1.0 of the Capital+ XBRL Utility and an update to version 2.0.0 of the BoE Banking Annotated Templates document.

August 23, 2017 WebPage Regulatory News
News

EC Amends Decision on Supervisory Data Reported by Supervised Entities

EC published Decision (EU) 2017/1493 of the ECB, which amends Decision ECB/2014/29 on the provision, to the ECB, of supervisory data reported to the national competent authorities by the supervised entities, pursuant to Commission Implementing Regulation, or CIR, (EU) No 680/2014.

August 22, 2017 WebPage Regulatory News
News

US Agencies Propose to Extend Certain Capital Rule Transitions

The proposal would simplify the capital rules' treatment of mortgage servicing assets and other items.

August 22, 2017 WebPage Regulatory News
News

IMF Concludes 2017 Article IV Consultation with Bahrain

The IMF Executive Board concluded the 2017 Article IV consultation with the Kingdom of Bahrain.

August 21, 2017 WebPage Regulatory News
News

OSFI Consults on Revisions to Capital Adequacy Requirements

The revisions mainly relate to the treatment of allowances as a result of the expected adoption of IFRS 9 by deposit-taking institutions in 2018.

August 21, 2017 WebPage Regulatory News
News

ESAs Publish Q&A on the Key Information Document for PRIIPs

ESAs published further guidance on the Key Information Document (KID) requirements for Packaged Retail and Insurance-based Investment Products (PRIIPs) laid down in the EC's Delegated Regulation (EU) 2017/653.

August 18, 2017 WebPage Regulatory News
News

BoM Issued Revised Guideline on Credit Risk Management

The Bank of Mauritius, or BoM, issued revised guideline on credit risk management, which supplements the existing regulations and guidelines.

August 18, 2017 WebPage Regulatory News
News

EIOPA Q&A on Regulations: First Update for August 2017

EIOPA published new sets of questions and answers (Q&As) on commission implementing and delegating regulations.

August 18, 2017 WebPage Regulatory News
News

EC Amends Technical Standards on Supervisory Reporting Under CRR

EC published the Implementing Regulation CIR 2017/1443, which amends Implementing Regulation (EU) No 680/2014 laying down implementing technical standards on supervisory reporting of institutions, according to the Capital Requirements Regulation (CRR: Regulation (EU) No 575/2013).

August 17, 2017 WebPage Regulatory News
News

BoE Proposed Policy on Valuation Capabilities to Support Resolvability

The consultation sets out BoE’s proposed policy for the capabilities that firms should have in place to ensure that an inability to produce timely and robust resolution valuation does not impede resolvability.

August 17, 2017 WebPage Regulatory News
News

ESRB Report on Design of Regulatory Risk-Free Yield Curve for Insurers

The report brings a macro-prudential perspective to the discussion on the design of the regulatory risk-free yield curve used in insurance supervision.

August 17, 2017 WebPage Regulatory News
News

ESRB Report on Recovery and Resolution Framework for Insurers

ESRB published a report on recovery and resolution framework for EU insurers, from a macro-prudential perspective. This report covers both primary insurers and reinsurers.

August 17, 2017 WebPage Regulatory News
News

BCL Published Technical Format for Collection of AnaCredit Reporting

The specifications are based on the SDMX-ML-based format that ECB uses.

August 17, 2017 WebPage Regulatory News
News

ESMA Publishes Responses to Consultation on CRA Endorsement Guidelines

ESMA published the responses received to its consultation on update of the guidelines on the application of the endorsement regime under Article 4(3) of the Credit Rating Agencies (CRA) Regulation.

August 16, 2017 WebPage Regulatory News
News

BNM Publishes Exposure Draft on Leverage Ratio Under Basel III Reforms

BNM published the Exposure Draft setting out proposals for the leverage ratio framework for banking institutions, which is part of the Basel III regulatory reforms.

August 16, 2017 WebPage Regulatory News
News

IMF Reports on 2017 Article IV Consultation with China

Directors commended the authorities’ increased focus on reducing financial stability risks and urged them to continue to strengthen regulatory and supervisory efforts.

August 15, 2017 WebPage Regulatory News
News

SBV Amends Circular on NPL and NPL Resolution of VAMC

The Governor of the State Bank of Vietnam (SBV) issued Circular No.09/2017/TT-NHNN to revise and amend the content of Circular No.19/2013/TT-NHNN dated September 6, 2013 on buy, sell non-performing loan (NPL) and NPL resolution of Vietnam Asset Management Company (VAMC).

August 15, 2017 WebPage Regulatory News
News

EBA Updates PSE List for Calculating Capital Requirements Under CRR

EBA published an updated list of public sector entities (PSEs) that may be treated as regional governments, local authorities, or central governments for the calculation of capital requirements, in accordance with the EU Capital Requirements Regulation (CRR).

August 14, 2017 WebPage Regulatory News
News

US Agencies' Guidance on Treatment of Centrally Cleared Derivatives

This guidance applies to state member banks, bank holding companies, and savings and loan holding companies (not substantially engaged in insurance underwriting or commercial activities) supervised by the FED, including those with USD 10 billion or less in consolidated assets.

August 14, 2017 WebPage Regulatory News
News

IOSCO Consults on Improving Transparency of Corporate Bond Markets

This report sets forth seven recommendations that update the 2004 IOSCO report on transparency of corporate bond markets.

August 14, 2017 WebPage Regulatory News
News

EC Regulation on Format for Insurance Product Information Document

EC published the Commission Implementing Regulation CIR 2017/1469 laying down a standardized presentation format for the insurance product information document (IPID).

August 12, 2017 WebPage Regulatory News
News

APRA Consults on Superannuation Operational Governance Proposals

APRA released a letter outlining proposed changes to the superannuation prudential framework to lift operational governance practices of APRA-regulated superannuation trustees (RSE licensees).

August 11, 2017 WebPage Regulatory News
News

EBA Updates Data Used for the Identification of G-SIIs

EBA published 12 indicators and underlying data from the 35 largest institutions in the EU, whose leverage ratio exposure measure exceeds EUR 200 billion.

August 11, 2017 WebPage Regulatory News
News

Basel III Monitoring Updates for August 2017

The Basel Committee released the Basel III monitoring workbook version 3.6.0, along with the instructions and a list of frequently asked questions for the collection of June 2017 data.

August 10, 2017 WebPage Regulatory News
News

ECB Publishes AnaCredit Validation Checks and Reporting Manual Q&A

This document provides detailed information and guidance on AnaCredit reporting requirements.

August 10, 2017 WebPage Regulatory News
News

ESMA Published Opinions on Position Limits Under MiFID II

The opinions of ESMA agree with the proposed position limits by the AMF regarding rapeseed, corn, and milling wheat.

August 10, 2017 WebPage Regulatory News
News

ESMA Publishes Responses to Proposal on Trading Obligation Under MiFIR

ESMA published the 29 responses it received to its consultation on trading obligation for derivatives under MiFIR. The consultation ran from June 19, 2017 to July 31, 2017.

August 10, 2017 WebPage Regulatory News
News

IMF Report on the Second Review Under the EFF with Sri Lanka

IMF published a report on completion of the second review of economic performance under the Extended Fund Facility (EFF) arrangement with Sri Lanka.

August 10, 2017 WebPage Regulatory News
News

FSC Proposes Changes to Regulations on Insurance Supervision

The proposed amendments seek to improve Liability Adequacy Test (LAT) and phase in higher policy reserves standards beginning at the end of 2017.

August 10, 2017 WebPage Regulatory News
News

RBNZ Deputy Governor Speaks About Banking Regulation in New Zealand

Grant Spencer, Deputy Governor of RBNZ spoke about the effect of global financial crises on banks and banking regulations, along with the reforms and policies adopted after such crises.

August 09, 2017 WebPage Regulatory News
News

BaFin Consults on Minimum Requirements for Recovery Planning

BaFin published a consultation on the minimum requirements for recovery planning, for banks and investment firms, implementing Bank Recovery and Resolution Directive, or BRRD, (Directive 2014/59/EU) and Commission Delegated Regulation (EU) 2016/1075.

August 09, 2017 WebPage Regulatory News
News

ESMA Publishes Responses to Consultation on the MMF Regulation

ESMA published the responses received to its consultation on draft technical advice, implementing technical standards, and guidelines under the Money Market Fund (MMF) Regulation.

August 08, 2017 WebPage Regulatory News
News

ESMA Updated Transaction Reporting Guidelines Under MiFID II

The update corrects certain unintended factual mistakes, typos, and inconsistencies in the technical part of the guidelines.

August 08, 2017 WebPage Regulatory News
News

FED Updates Reporting Form FR Y-14Q in August 2017

Among the FED information collections that have been under review, the supplemental information for Capital Assessments and Stress Testing (FR Y-14Q) have been updated this month.

August 08, 2017 WebPage Regulatory News
News

SEC Publishes Report on Access to Capital and Market Liquidity

SEC published a report that assesses trends in primary securities issuance and secondary market liquidity, with focus on how these trends relate to the post-crisis regulatory reforms.

August 08, 2017 WebPage Regulatory News
News

US Agencies Extend Resolution Plan Deadline for Certain Banks

The US Agencies (specifically, FED and FDIC) extended the resolution plan filing deadline for 19 foreign banking organizations and 2 large domestic bank holding companies to December 31, 2018.

August 08, 2017 WebPage Regulatory News
News

APRA Issues Final Margin Rules for Non-Centrally Cleared Derivatives

APRA published CPS 226, the final revised Prudential Standard on margining and risk mitigation for non-centrally cleared derivatives. CPS 226 permits substituted compliance with respect to the margin requirements or provisions of certain foreign bodies.

August 07, 2017 WebPage Regulatory News
News

IMF Paper on Cyber Risks, Market Failures, and Financial Stability

IMF published a working paper that examines the relationship between cyber risk and financial stability risks in the context of the existing regulatory frameworks and supervisory approaches.

August 07, 2017 WebPage Regulatory News
News

EBA Consults on Its Approach to Financial Technology

The discussion paper sets out the results of the first EU-wide fintech mapping exercise, along with the proposals for future work on fintech. EBA invites views from stakeholders on the scope of its proposed work and comments are due by November 06, 2017.

August 04, 2017 WebPage Regulatory News
News

EBA Single Rulebook Q&A: First Update for August 2017

The Single Rulebook updates for the first week of this month include 20 items, with many of them answering queries related to reporting and validation rules.

August 04, 2017 WebPage Regulatory News
News

IMF Working Paper on the Nature of Regulatory Capital Requirements

IMF published a working paper that compares the regulatory capital requirements under the Dodd-Frank Act and the 10% leverage ratio, as proposed by the U.S. Treasury and the U.S. House of Representatives' Financial CHOICE Act (FCA).

August 04, 2017 WebPage Regulatory News
News

MAS Consults on Revisions to the Deposit Insurance Scheme

MAS proposed enhancements to the Deposit Insurance Scheme, along with legislative amendments to the Deposit Insurance and Policy Owners' Protection Schemes Act and Regulations. Comments are due by September 04, 2017.

August 04, 2017 WebPage Regulatory News
News

APRA Consults on Revisions to the Counterparty Credit Risk Framework

APRA published a discussion paper that sets out its response to the submissions on APRA’s September 2016 discussion paper on counterparty credit risk CCR for authorized deposit-taking institutions and a number of revised proposals for further consultation.

August 03, 2017 WebPage Regulatory News
News

FED Consults on Corporate Governance and Large Entity Rating System

FED is requesting public comments on a corporate governance proposal to enhance the effectiveness of boards of directors and on a proposal to better align its rating system for large financial institutions with the post-crisis supervisory program for these firms.

August 03, 2017 WebPage Regulatory News
News

IMF Paper on the 2017 Joint Review of Standards and Codes Initiative

The paper assesses the progress in implementing recommendations of the 2011 review and offers recommendations for implementing further improvements.

August 03, 2017 WebPage Regulatory News
News

SBV Issued Circular on Orders and Procedures for Banking Supervision

SBV issued Circular No.08/2017/TT-NHNN on orders and procedures for banking supervision. The circular will take effect from December 01, 2017.

August 03, 2017 WebPage Regulatory News
News

OCC Seeks Comments on Revising the Volcker Rule

OCC is seeking public input on revising the final regulation implementing Section 619 of the Dodd-Frank Act (commonly known as the Volcker Rule).

August 02, 2017 WebPage Regulatory News
News

FED Proposes to Extend Reporting Via Form FR VV Under Regulation VV

FED is inviting comments on a proposal to extend for three years, without revision, the reporting, recordkeeping, and disclosure requirements associated with Proprietary Trading and Certain Interests in and Relationships with Covered Funds (Regulation VV).

August 02, 2017 WebPage Regulatory News
News

EBA Consults on Guidelines for Fraud Reporting Requirements Under PSD2

EBA launched a consultation on the draft guidelines on reporting requirements on statistical data on fraud under the revised Payment Services Directive (PSD2).

August 02, 2017 WebPage Regulatory News
News

FSI Publishes Papers on Proportionality and Cyber Risk Enhancement

The Financial Stability Institute (FSI) of BIS launched a new publication series, FSI Insights on Policy Implementation, to contribute to international discussions on a range of policy issues and implementation challenges faced by the financial sector authorities.

August 02, 2017 WebPage Regulatory News
News

OSFI Updates Manual of Forms and Instructions for Life Insurers

These updates are intended for life insurance companies and fraternal benefit societies, along with the branches of foreign life insurance companies and fraternal benefit societies.

August 02, 2017 WebPage Regulatory News
News

RBI Amends Rules on Level 1 Assets in Basel III Liquidity Standards

RBI issued a circular amending its guidelines for Basel III framework on liquidity standards.

August 02, 2017 WebPage Regulatory News
News

EBA Updates List of PSEs for Calculation of Capital Requirements

EBA published an updated list of public sector entities (PSEs) that may be treated as regional governments, local authorities, or central governments for the calculation of capital requirements, in accordance with the EU Capital Requirements Regulation (CRR).

August 01, 2017 WebPage Regulatory News
News

DFSA Updates Certain Modules of its Rulebook and Sourcebook

The Dubai Financial Services Authority (DFSA) updated several modules of its Rulebook and Sourcebook.

August 01, 2017 WebPage Regulatory News
News

EBA Issues Opinion on Measures to Address Macro-Prudential Risk

EBA published an opinion following the notification by the Finnish Financial Supervisory Authority (FIN-FSA) of its intention to modify capital requirements to address an increase in macro-prudential risk, based on Article 458 of the Capital Requirements Regulation (CRR).

August 01, 2017 WebPage Regulatory News
News

IMF Publishes FSSA and Article IV Consultation Reports on Japan

Directors encouraged the authorities to strengthen financial sector oversight, along the lines of the FSAP recommendations.

July 31, 2017 WebPage Regulatory News
News

PRA Update on BEEDS Portal UAT for Capital+ Reporting

The PRA provided an update on User Acceptance Testing (UAT) for the Bank of England’s Electronic Data Submission (BEEDS) portal for Capital+ reporting.

July 31, 2017 WebPage Regulatory News
News

OSFI Consults on Sound Derivatives Practices for Pension Plans

OSFI is seeking comments on the revised draft derivatives guideline titled “Derivatives Sound Practices for Federally Regulated Private Pension Plans.”

July 31, 2017 WebPage Regulatory News
News

EBA Reports on Funding Plans and Asset Encumbrance of Banks in EU

EBA published two reports on funding plans and asset encumbrance of EU banks.

July 31, 2017 WebPage Regulatory News
News

FDIC Amends Recordkeeping Rules for Qualified Financial Contracts

FDIC is amending the recordkeeping requirements (12 CFR Part 371) for qualified financial contracts (QFCs).

July 31, 2017 WebPage Regulatory News
News

IAIS Consults on Revisions to ICP 24

IAIS is consulting on the Insurance Core Principle on macro-prudential surveillance and insurance supervision (ICP 24). Comments are due by October 01, 2017.

July 31, 2017 WebPage Regulatory News
News

EBA Single Rulebook: Final Q&A Updates in July 2017

The updates for this month include 19 answers dated July 28, 2017; 2 answers dated July 21, 2017; 8 answers dated July 14, 2017; and 1 answer dated July 07, 2017.

July 28, 2017 WebPage Regulatory News
News

ESAs Issue Advice on PRIIPs with Environmental or Social Objectives

ESAs also published a summary of comments on consultation paper (CP-17-002) on the EOS PRIIPs.

July 28, 2017 WebPage Regulatory News
News

BaFin Publishes Analysis of Solvency and Financial Condition Report

BaFin published an analysis of the Solvency and Financial Condition Report (SFCR) and the key figures separated by division. The assessment shows that insurers meet requirements for Solvency II.

July 28, 2017 WebPage Regulatory News
News

ECB on Reporting of Transaction Information by Sponsors or Originators

The guidance states that a notification should be made to ECB in writing, no later than 15 working days following the execution of the transaction.

July 28, 2017 WebPage Regulatory News
News

ESRB Publishes Its Annual Report for 2016

ESRB published its sixth annual report, which details its achievements and activities between April 01, 2016 and March 31, 2017.

July 28, 2017 WebPage Regulatory News
News

IMF Issues Reports on the 2017 Article IV Consultation with Singapore

IMF published its staff report and selected issues report on the 2017 Article IV consultation with Singapore.

July 28, 2017 WebPage Regulatory News
News

ECB Consults on Guide to Inspections and Internal Model Investigations

The guide provides an overview of the general framework under which inspections are conducted, describes the different inspection phases, and sets out the principles of inspections to be followed by both banks and the inspection teams.

July 27, 2017 WebPage Regulatory News
News

EBA Issues Final Guidelines on Major Incident Reporting Under PSD2

The guidelines set out the criteria, thresholds, and methodology to be used by payment service providers to determine whether an operational or security incident should be considered major and, therefore, be notified to the competent authority in the home member state.

July 27, 2017 WebPage Regulatory News
News

IMF Report on the 2017 Article IV Consultation with United States

Directors emphasized that the thrust of the current risk-based approach to regulation, supervision, and resolution should be preserved to safeguard financial stability while facilitating economic growth.

July 27, 2017 WebPage Regulatory News
News

APRA Responds to Consultation on CPS 220 for Private Health Insurers

APRA released a response to the submissions paper to the consultation to apply its cross-industry Prudential Standard CPS 220 Risk Management (CPS 220) to private health insurers.

July 27, 2017 WebPage Regulatory News
News

IMF Publishes Reports on the 2017 Article IV Consultation with Italy

IMF published its staff report and selected issues report on the 2017 Article IV consultation with Italy.

July 27, 2017 WebPage Regulatory News
News

IOSCO Publishes Review of Client Asset Protection Recommendations

The review reports on the status of adoption measures taken by participating jurisdictions and finds that a majority have generally adopted a client asset protection regime described by the IOSCO principles.

July 27, 2017 WebPage Regulatory News
News

APRA Consults on Changes to Capital Framework for Mutually Owned ADIs

APRA proposed revisions to the capital framework for mutually owned authorized deposit-taking institutions (ADIs) to enable them to directly issue common equity tier 1 (CET1) capital instruments.

July 26, 2017 WebPage