Featured Product

    EBA Consults on Methods for Calculating Contributions to DGSs

    July 03, 2017

    EBA launched a public consultation on the implementation of EBA guidelines on methods for calculating contributions to deposit guarantee schemes (DGSs). The consultative report assesses whether principles outlined in the EBA guidelines on these methods are being met in practice. It also evaluates whether the implementation of these guidelines is appropriate and consistent. The consultation runs until August 28, 2017.

    Based on a preliminary analysis, on which the EBA is seeking the views of its stakeholders, the main conclusions are that:

    The guidelines have broadly met the aim of introducing differentiations between institutions contributing to a DGS based on their riskiness. However, the analysis finds that the method allows too much flexibility, which may need to be revisited in the future.

    Some areas may require more consistency in relation to the balance between consistent application of the guidelines across the member states and the flexibility to cater to national specificities.

    There seems to be no specific need to amend the guidelines to enhance transparency to stakeholders. The methodology does not seem to lead to excessive additional reporting requirements.

     

    The EBA guidelines set principles and specify the necessary elements for calculating risk-based contributions from banks to DGSs. They foster convergence in contribution practices across the EU and promote level playing field for banks within the Single Market. DGSs should have had in place these risk-based methods for calculating contributions from their members by May 31, 2016 at the latest. The Deposit Guarantee Schemes Directive (DGSD) mandates EBA to conduct a review of these guidelines by July 03, 2017 and at least every five years thereafter. Considering the short timeframe between the deadline for the implementation of the guidelines and that of their review, EBA has conducted an assessment of the application of the guidelines with some preliminary recommendations on further improvements and amendments of the guidelines to be considered as part of a wider review of the DGSD in 2019. The final report, including public feedback, will be published on the EBA website.

     

    Related Link: Consultation Paper (PDF)

    Comment Due Date: August 28, 2017

    Keywords: Europe, EBA, Banking, DGS, DGSD, Guideline

    Related Articles
    News

    MAS Concludes Blockchain Payments Prototype Shows Commercial Potential

    MAS and Temasek jointly released a report to mark the successful conclusion of the fifth and final phase of Project Ubin, which focused on building a blockchain-based multi-currency payments network prototype.

    July 13, 2020 WebPage Regulatory News
    News

    EBA Publishes Phase 2 of Technical Package on Reporting Framework 2.10

    EBA published phase 2 of the technical package on the reporting framework 2.10, providing the technical tools and specifications for implementation of EBA reporting requirements.

    July 10, 2020 WebPage Regulatory News
    News

    APRA Updates Reporting Validation Rules in July 2020

    APRA updated the lists of the Direct to APRA (D2A) validation rules for authorized deposit-taking institutions, insurers, and superannuation entities.

    July 10, 2020 WebPage Regulatory News
    News

    PRA to Partly Apply EBA Guidelines on Disclosures for COVID Measures

    PRA updated the statement that provides guidance to regulated firms on implementation of the EBA guidelines on reporting and disclosure of exposures subject to measures applied in response to the COVID-19 crisis.

    July 10, 2020 WebPage Regulatory News
    News

    EBA Updates List of Correlated Currencies Under CRR

    EBA updated the 2019 list of closely correlated currencies that was originally published in December 2013.

    July 10, 2020 WebPage Regulatory News
    News

    FASB Proposes to Delay Implementation of Insurance Contracts Standard

    FASB issued a proposed Accounting Standards Update that would grant insurance companies, adversely affected by the COVID-19 pandemic, an additional year to implement the Accounting Standards Update No. 2018-12 on targeted improvements to accounting for long-duration insurance contracts, or LDTI (Topic 944).

    July 09, 2020 WebPage Regulatory News
    News

    APRA Updates Regulatory Approach to Loan Deferrals Amid COVID Crisis

    APRA updated the regulatory approach for loans subject to repayment deferrals amid the COVID-19 crisis.

    July 09, 2020 WebPage Regulatory News
    News

    BCBS and FSB Set Out Recommendations for Benchmark Transition

    BCBS and FSB published a report on supervisory issues associated with benchmark transition.

    July 09, 2020 WebPage Regulatory News
    News

    IAIS Sets Out Recommendations for Benchmark Transition for Insurers

    IAIS published a report on supervisory issues associated with benchmark transition from an insurance perspective.

    July 09, 2020 WebPage Regulatory News
    News

    ESMA Updates Reporting Manual on European Single Electronic Format

    ESMA updated the reporting manual on the European Single Electronic Format (ESEF).

    July 09, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5469