BaFin submitted a draft form for submission of netting notifications in accordance with Article 295 of the Capital Requirements Regulation (CRR) for consultation. According to Article 295 of CRR, institutions can submit netting agreements to the supervisory authority for recognizing the risk-reducing effect. The form is aimed at less significant institutions (LSIs), the non-CRR credit institutions for which the CRR is to be applied in accordance with Section 1A of the German Banking Act (KWG) and CRR investment firms. The comment period for the draft form will remain open until March 06, 2020.
Related Links (in German)
Comment Due Date: March 06, 2020
Keywords: Europe, Germany, Banking, Less Significant Institutions, CRR, Netting, OTC Derivatives, Master Netting Agreement, BaFin
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The European Banking Authority (EBA) published the final draft regulatory technical standards specifying and, where relevant, calibrating the minimum performance-related triggers for simple.
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.
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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.
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