BaFin published a draft circular on additional liquidity outflows in connection with products and services in accordance with Article 23 of Delegated Regulation (EU) 2015/61 on liquidity coverage requirement. The draft circular specifies the prudential procedure for the application of Article 23 of Regulation (EU) 2015/61 and the corresponding provisions in Implementing Regulation (EU) No 680/2014 as amended by Implementing Regulation (EU) 2016/322, which is related to technical standards on reporting of liquidity coverage requirement. Among other things, the categories of products and services are specified and their liquidity outflows determined. In addition, the circular specifies the annual reporting requirement for the products and services for which the probability and the potential extent of liquidity outflows are significant. Comments are requested until August 23, 2019.
Related Links (in German)
Comment Due Date: August 23, 2019
Keywords: Europe, Germany, Banking, Regulation 2015/61, Reporting, Liquidity Outflows, Technical Standards, LCR, Liquidity Risk, BaFin
Previous ArticleEC and MAS Adopt Equivalence Decision for Derivative Trading Venues
In a recent Market Notice, the Bank of England (BoE) confirmed that green gilts will have equivalent eligibility to existing gilts in its market operations.
The Financial Conduct Authority (FCA) published the policy statement PS21/9 on implementation of the Investment Firms Prudential Regime.
The European Banking Authority (EBA) proposed regulatory technical standards that set out criteria for identifying shadow banking entities for the purpose of reporting large exposures.
The Board of the International Organization of Securities Commissions (IOSCO) proposed a set of recommendations on the environmental, social, and governance (ESG) ratings and data providers.
The European Commission (EC) announced plans to defer the application of 13 regulatory technical standards under the Sustainable Finance Disclosure Regulation (2019/2088) by six months, from January 01, 2022 to July 01, 2022.
The European Insurance and Occupational Pensions Authority (EIOPA) proposed to amend the supervisory statement on supervision of run-off undertakings that are subject to Solvency II regulation.
The Bank of England (BoE) published a consultation paper on approach to setting minimum requirement for own funds and eligible liabilities (MREL), an operational guide on executing bail-in, and a statement from the Deputy Governor Dave Ramsden.
The European Banking Authority (EBA) is seeking preliminary input on standardization of the proportionality assessment methodology for credit institutions and investment firms.
Certain regulatory authorities in the US are extending period for completion of the review of certain residential mortgage provisions and for publication of notice disclosing the determination of this review until December 20, 2021.
The Prudential Regulation Authority (PRA) published the policy statement PS18/21, which introduces an amendment in the definition of "higher paid material risk taker" in the Remuneration Part of the PRA Rulebook.