Featured Product

    EC Regulation Extending Transitional Period for Own Funds Requirements

    June 07, 2017

    To avoid disruption to international financial markets and to prevent penalizing institutions by subjecting them to higher own funds requirements during the processes of recognition of existing third-country central counterparties (CCPs), the EC is extending the transitional periods related to own funds requirements for exposures to central counterparties.

    EC published, in the Official Journal of the European Union, the Commission Implementing Regulation CIR 2017/954, which extends the transitional periods related to own funds requirements for exposures to central counterparties. The fifteen-month periods referred to in Article 497(2) of the Capital Requirement Regulation (CRR or Regulation (EU) No 575/2013) and the second subparagraph of Article 89(5a) of European Markets Infrastructure Regulation (EMIR or Regulation (EU) No 648/2012), respectively, as last extended in accordance with Article 1 of the Implementing Regulation (EU) 2016/2227, are being extended by an additional 6 months until December 15, 2017. The measures provided for in CIR 2017/954 are in accordance with the opinion of the European Banking Committee. This regulation shall enter into force on the third day following that of its publication in the Official Journal of the European Union.

     

    Related Links

    CIR 2017/954 (PDF)

    CRR

    EMIR and Related Laws

    Effective Date: June 10, 2017

    Keywords: Banking, Securities, Europe, EC, EMIR, Own Funds, CCPs

     


    Related Articles
    News

    OCC Revises Minimum Threshold for Banks to Conduct Stress Tests

    OCC issued the final rule that amends its company-run stress testing requirements under the 12 CFR 46 in Code of Federal Regulations.

    October 10, 2019 WebPage Regulatory News
    News

    US Agencies Update Management Interlock Rules Under DIMIA

    US Agencies (FDIC, FED, and OCC) issued a final rule that increases the thresholds in the major assets prohibition for management interlocks for purposes of the Depository Institution Management Interlocks Act (DIMIA).

    October 10, 2019 WebPage Regulatory News
    News

    US Agencies Finalize Rules to Closely Match Bank Risk Profiles

    US Agencies (OCC, FED, and FDIC) finalized rules that tailor the regulations for domestic and foreign banks to more closely match their risk profiles.

    October 10, 2019 WebPage Regulatory News
    News

    CPMI-IOSCO and FSB on Governance Arrangements for OTC Derivatives

    CPMI and IOSCO published a report that identifies key criteria, functions, and bodies for the governance arrangements.

    October 09, 2019 WebPage Regulatory News
    News

    EIOPA Launches Field Test on Templates Under 2020 Solvency II Review

    EIOPA, as part of the 2020 Solvency II reporting and disclosure review, launched a field test on the revised and newly proposed reporting templates.

    October 09, 2019 WebPage Regulatory News
    News

    US Agencies Adopt Rule on Appraisals for Real Estate Transactions

    US Agencies (FDIC, FED, and OCC) adopted the final rule to amend regulations requiring appraisals of real estate for certain transactions

    October 08, 2019 WebPage Regulatory News
    News

    US Agencies Finalize Amendments to Simplify Volcker Rule

    US Agencies (CFTC, FDIC, FED, OCC, and SEC) finalized amendments to the regulations implementing section 13 of the Bank Holding Company Act, also known as the Volcker Rule.

    October 08, 2019 WebPage Regulatory News
    News

    EC Report Explores Application and Challenges of Blockchain Technology

    The Joint Research Center of EC published a report exploring the challenges and impact of distributed ledger technologies.

    October 08, 2019 WebPage Regulatory News
    News

    BIS and SNB Sign Agreement on Innovation Hub Center in Switzerland

    BIS and SNB signed an operational agreement on the BIS Innovation Hub Center in Switzerland.

    October 08, 2019 WebPage Regulatory News
    News

    ECB Issues Results of Sensitivity Analysis of Liquidity Risk for Banks

    ECB published results of 2019 stress test on sensitivity analysis of liquidity risk.

    October 07, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 3958