Featured Product

    EBA Publishes Single Rulebook Q&A, Adjusts Q&A Process

    February 25, 2022

    The European Banking Authority (EBA) published answers to 38 questions in the Single Rulebook Question and Answer (Q&A) tool in February. The answers relate to topics such as liquidity, credit, and market risks; Supervisory Review and Evaluation Process (SREP) and Pillar 2; model validation; own funds requirements; and reporting issues related to liquidity risk, leverage ratio, FINREP, and COREP. EBA also announced adjustments to the Single Rulebook Q&A process to ensure that questions are answered efficiently and within a reasonable time. Going forward, EBA will prioritize Q&As that can contribute the most to the harmonization of regulation and supervision, with a set target to close Q&As within nine months.

    EBA has adjusted the admissibility criteria, which will prioritize Q&As with issues that are relevant to a broad set of stakeholders; material from a prudential, payments, consumer protection, resolution or other perspectives within the EBA’s remit and where additional EBA guidance or clarification would add real value. This move comes under the backdrop of an existing backlog of older questions that were received through the Q&A tool prior to January 01, 2020 when the Q&A process was updated as part of the last review of the European Supervisory Authorities or ESAs. Q&As received before January 01, 2020, which EBA has not addressed so far, will be rejected, unless they are very close to being finalized. It is likely that a large majority of these questions may no longer be relevant since new legislative or regulatory developments have occurred—for example, with the revised Capital Requirements Directive/Regulation and the Bank Recovery and Resolution Directive. However, EBA recognizes that some of these questions may still benefit from clarification and will notify submitters affected by this rejection, indicating the possibility to resubmit the question. In that scenario, resubmitted questions would, however, have to be adapted to reflect any legislative, regulatory, or other relevant developments that may have occurred. EBA will aim to address such resubmissions as a matter of priority. In addition, EBA and the European Commission will make efforts to address, as soon as possible, any questions that have been submitted since January 2020 and remain unanswered.

     

    Related Links

     

    Keywords: Europe, EU, Banking, Q&A, Single Rulebook, Reporting, Liquidity Risk, Credit Risk, CRR, Basel, SREP, Market Risk, Regulatory Capital, EBA

    Featured Experts
    Related Articles
    News

    EBA Publishes Final Regulatory Standards on STS Securitizations

    The European Banking Authority (EBA) published the final draft regulatory technical standards specifying and, where relevant, calibrating the minimum performance-related triggers for simple.

    September 20, 2022 WebPage Regulatory News
    News

    ECB Further Reviews Costs and Benefits Associated with IReF

    The European Central Bank (ECB) is undertaking the integrated reporting framework (IReF) project to integrate statistical requirements for banks into a standardized reporting framework that would be applicable across the euro area and adopted by authorities in other EU member states.

    September 15, 2022 WebPage Regulatory News
    News

    EBA Publishes Funding Plans Report, Receives EMAS Certification

    The European Banking Authority (EBA) has been awarded the top European Standard for its environmental performance under the European Eco-Management and Audit Scheme (EMAS).

    September 15, 2022 WebPage Regulatory News
    News

    MAS Launches SaaS Solution to Simplify Listed Entity ESG Disclosures

    The Monetary Authority of Singapore (MAS) set out the Financial Services Industry Transformation Map 2025 and, in collaboration with the SGX Group, launched ESGenome.

    September 15, 2022 WebPage Regulatory News
    News

    BCBS to Finalize Crypto Rules by End-2022; US to Propose Basel 3 Rules

    The Basel Committee on Banking Supervision met, shortly after a gathering of the Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of BCBS.

    September 15, 2022 WebPage Regulatory News
    News

    IOSCO Welcomes Work on Sustainability-Related Corporate Reporting

    The International Organization of Securities Commissions (IOSCO) welcomed the work of the international audit and assurance standard setters—the International Auditing and Assurance Standards Board (IAASB)

    September 15, 2022 WebPage Regulatory News
    News

    BoE Allows One-Day Delay in Statistical Data Submissions by Banks

    The Bank of England (BoE) published a Statistical Notice (2022/18), which informs that due to the Bank Holiday granted for Her Majesty Queen Elizabeth II’s State Funeral on Monday September 19, 2022.

    September 14, 2022 WebPage Regulatory News
    News

    ACPR Amends Reporting Module Timelines Under EBA Framework 3.2

    The French Prudential Control and Resolution Authority (ACPR) announced that the European Banking Authority (EBA) has updated its filing rules and the implementation dates for certain modules of the EBA reporting framework 3.2.

    September 14, 2022 WebPage Regulatory News
    News

    ECB Paper Discusses Disclosure of Climate Risks by Credit Agencies

    The European Central Bank (ECB) published a paper that examines how credit rating agencies accepted by the Eurosystem, as part of the Eurosystem Credit Assessment Framework (ECAF)

    September 13, 2022 WebPage Regulatory News
    News

    APRA to Modernize Prudential Architecture, Reduces Liquidity Facility

    The Australian Prudential Regulation Authority (APRA) announced reduction in the aggregate Committed Liquidity Facility (CLF) for authorized deposit-taking entities to ~USD 33 billion on September 01, 2022.

    September 12, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8514