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
PRA, via the consultation paper CP12/20, proposed changes to its rules, supervisory statements, and statements of policy to implement certain elements of the Capital Requirements Directive (CRD5).
EIOPA published the financial stability report that provides detailed quantitative and qualitative assessment of the key risks identified for the insurance and occupational pensions sectors in the European Economic Area.
EBA published its risk dashboard for the first quarter of 2020 together with the results of the risk assessment questionnaire.
EBA announced that the next stress testing exercise is expected to be launched at the end of January 2021 and its results are to be published at the end of July 2021.
PRA published the consultation paper CP11/20 that sets out its expectations and guidance related to auditors’ work on the matching adjustment under Solvency II.
MAS published a statement guidance on dividend distribution by banks.
APRA updated its capital management guidance for banks, particularly easing restrictions around paying dividends as institutions continue to manage the disruption caused by COVID-19 pandemic.
FSB published a report that reviews the progress on data collection for macro-prudential analysis and the availability and use of macro-prudential tools in Germany.
EBA issued a statement reminding financial institutions that the transition period between EU and UK will expire on December 31, 2020; this will end the possibility for the UK-based financial institutions to offer financial services to EU customers on a cross-border basis via passporting.
SRB published guidance on operational continuity in resolution and financial market infrastructure (FMI) contingency plans.