BaFin issued a circular and consultation 03/2019 on reporting of information on resolution planning. The communication from BaFin is addressed to all institutions and EU parent companies under the direct responsibility of BaFin as the national resolution authority. The communication states that BaFin will inform all institutions and EU parent companies what information they have to submit. In case an institution or a parent company has not been informed, it can assume that no templates and no further information are to be provided. Comments are requested by March 04, 2019.
The circular describes the administrative practice of the Federal Agency related to Implementing Regulation (EU) 2018/1624, which lays down implementing technical standards on procedures, standard forms, and templates for the provision of information for the preparation of resolution plans for credit institutions and investment firms. The implementing regulation sets out the timeline and format for the information to be provided by institutions and EU parent companies. Article 3(1) of the implementing regulation provides that the information required in the notification forms set out in Annex I to the implementing regulation must be provided. In addition, BaFin may also request further information that is not contained in the registration forms (Article 7 implementing regulation).
Comment Due Date: March 04, 2019
Keywords: Europe, Germany, Banking, Reporting, Resolution Planning, Consultation 03/2019, BaFin
Previous ArticleBCBS Study Examines Initial Experience with G-SIB Framework
FED finalized a rule that updates capital planning requirements to reflect the new framework from 2019 that sorts large banks into categories, with requirements that are tailored to the risks of each category.
ECB published results of the quarterly lending survey conducted on 143 banks in the euro area.
ESAs published the final draft implementing technical standards on reporting of intra-group transactions and risk concentration of financial conglomerates subject to the supplementary supervision in EU.
EBA published the annual report on asset encumbrance of banks in EU.
MAS revised the guidelines that address technology and cyber risks of financial institutions, in an environment of growing use of cloud technologies, application programming interfaces, and rapid software development.
FED updated the reporting form and instructions for the FR Y-9C report on consolidated financial statements for holding companies.
EBA issued a consultation paper on the guidelines on monitoring of the threshold and other procedural aspects of the establishment of intermediate EU parent undertakings, or IPUs, as laid down in the Capital Requirements Directive.
EC published Regulation 2021/25 that addresses amendments related to the financial reporting consequences of replacement of the existing interest rate benchmarks with alternative reference rates.
BIS published a bulletin, or a note, that examines the cyber threat landscape in the context of the pandemic and discusses policies to reduce risks to financial stability.
HM Treasury, also known as HMT, has updated the table containing the list of the equivalence decisions that came into effect in UK at the end of the transition period of its withdrawal from EU.