BaFin published the key priorities for 2020. The key priorities defined by BaFin in 2020 include digitization, IT, and cyber risks; financial system integrity and the fight against financial crime; sustainable business models; and sustainable finance. These focal points of supervision are derived from the strategic goals of BaFin and shape the supervisory and audit planning for 2020. The business areas of banking, insurance, and securities supervision as well as settlement have also defined the focus of their activities in 2020.
Related Link (in German): Notification
Keywords: Europe, Germany, Banking, Insurance, Securities, Key Priorities, Cyber Risk, Sustainable Finance, ESG, BaFin
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EBA issued a revised list of validation rules with respect to the implementing technical standards on supervisory reporting.
EBA published its response to the call for advice of EC on ways to strengthen the EU legal framework on anti-money laundering and countering the financing of terrorism (AML/CFT).
NGFS published a paper on the overview of environmental risk analysis by financial institutions and an occasional paper on the case studies on environmental risk analysis methodologies.
MAS published the guidelines on individual accountability and conduct at financial institutions.
APRA published final versions of the prudential standard APS 220 on credit quality and the reporting standard ARS 923.2 on repayment deferrals.
SRB published two articles, with one article discussing the framework in place to safeguard financial stability amid crisis and the other article outlining the path to a harmonized and predictable liquidation regime.
FSB hosted a virtual workshop as part of the consultation process for its evaluation of the too-big-to-fail reforms.
ECB updated the list of supervised entities in EU, with the number of significant supervised entities being 115.
OSFI published the key findings of a study on third-party risk management.
FSB is extending the implementation timeline, by one year, for the minimum haircut standards for non-centrally cleared securities financing transactions or SFTs.