ACPR published the Decision of the Resolution College on information to be submitted for drawing up preventive resolution plans in accordance with the Commission Implementing Regulation 2018/1624. This Regulation lays down implementing technical standards specifying procedures and a minimum set of standard templates, for submission to resolution authorities, of information necessary to draw up and implement individual and group resolution plans, in accordance with Bank Recovery and Resolution Directive, or BRRD (2014/59/EU). The Decision states that certain institutions under the direct jurisdiction of the Resolution College, not benefiting from the simplified obligations regime, shall provide all the information indicated in the models set out in Annex I of the Implementation Regulation 2018/1624, according to the terms set out in Annex II of that regulation. This Decision came into force on January 01, 2021.
Effective Date: January 01, 2021
Keywords: Europe, France, Banking, Securities, Resolution Framework, Resolution Plan, Reporting, Regulation 2018/1624, BRRD, ACPR
Previous ArticleRBNZ Proposes to Reinstate LVR Restrictions from March 2021
Next ArticleAPRA to Scrutinize Securitization Practices of Banks
The Bank of England (BoE) published a consultation paper on approach to setting minimum requirement for own funds and eligible liabilities (MREL), an operational guide on executing bail-in, and a statement from the Deputy Governor Dave Ramsden.
The European Banking Authority (EBA) is seeking preliminary input on standardization of the proportionality assessment methodology for credit institutions and investment firms.
Certain regulatory authorities in the US are extending period for completion of the review of certain residential mortgage provisions and for publication of notice disclosing the determination of this review until December 20, 2021.
The Prudential Regulation Authority (PRA) published the policy statement PS18/21, which introduces an amendment in the definition of "higher paid material risk taker" in the Remuneration Part of the PRA Rulebook.
The European Banking Authority (EBA) published its annual report on asset encumbrance in banking sector.
The European Banking Authority (EBA) published a methodological guide to mystery shopping.
The Australian Prudential Regulation Authority (APRA) released a letter to authorized deposit-taking institutions to provide an update on key policy settings for the capital framework reforms, which will come into effect from January 01, 2023.
The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) published a report that assesses the business continuity planning activities of financial market infrastructures or FMIs.
The Bank of England (BoE) published questions and answers (Q&A) on OSCA to BEEDS migration for statistical reporting as well a presentation from the project overview session held with statistical reporters.
The Basel Committee on Banking Supervision (BCBS) is consulting on a technical amendment to the Basel Framework to reflect a new process reviewing the global systemically important bank (G-SIB) assessment methodology.