July 08, 2017

EC published, in the Official Journal of the European Union, the Commission Delegated Regulation (EU) 2017/1230. This regulation supplements Capital Requirements Regulation or CRR (EU Regulation No 575/2013) on the regulatory technical standards further specifying the additional objective criteria for the application of a preferential liquidity outflow or inflow rate for cross-border undrawn credit or liquidity facilities within a group or an institutional protection scheme. It also amends Articles 422(10) and 425(6) of the European Markets Infrastructure Regulation or EMIR (EU Regulation No 648/2012).

This regulation is based on the draft regulatory technical standards submitted by EBA to the EC. This regulation specifies the additional objective criteria laid down in Articles 29(2) and 34(2) of the delegated regulation on liquidity coverage requirement for credit institutions (CDR (EU) 2015/61). The regulation focuses on low liquidity risk profile of the liquidity provider and receiver (Article 2) and the conditions it shall satisfy. Article 3 of the regulation specifies legally binding agreements and commitments between the group entities regarding the undrawn credit or liquidity line while Article 4 states the consideration of the liquidity risk profile of the liquidity receiver in the liquidity risk management of the liquidity provider. This regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.

 

Related Links

CDR 2017/1230

CRR (PDF)

EMIR (PDF)

Effective Date: July 28, 2017

Keywords: EC, Europe, Liquidity Coverage Requirement, Banking, Regulatory Technical Standards, EMIR, CRR

Related Articles
News

IMF Releases Report on 2019 Article IV Consultation with United States

IMF published its staff report in the context of the 2019 Article IV consultation with the United States.

June 24, 2019 WebPage Regulatory News
News

BIS Report Discusses Regulatory Issues Related to Big Techs in Finance

BIS has pre-released a chapter of the BIS Annual Economic Report; this chapter focuses on the risks and opportunities presented by large technology firms in the financial services sector.

June 23, 2019 WebPage Regulatory News
News

IOSCO Report Examines Liquidity in Corporate Bond Markets

IOSCO published a report that examines the factors affecting liquidity, under stressed conditions, in the secondary corporate bond markets.

June 21, 2019 WebPage Regulatory News
News

FED Publishes Results of the 2019 Stress Tests for Banks

FED published a report presenting results of the Dodd-Frank Act Stress Test (DFAST) exercise for 2019.

June 21, 2019 WebPage Regulatory News
News

BCBS Report Examines Global Pillar 2 Supervisory Review Practices

BCBS published a report that examines the Pillar 2 supervisory review practices and approaches in Basel member jurisdictions.

June 21, 2019 WebPage Regulatory News
News

IASB Publishes Work Plan and Meeting Updates for June 2019

IASB published an updated work plan and a summary of its June meeting, which presents preliminary decisions of the Board.

June 21, 2019 WebPage Regulatory News
News

HKMA Publishes Banking Exposure Limits Code Under Banking Ordinance

HKMA issued a circular to all authorized institutions informing that the Banking (Exposure Limits) Code has been published in the Gazette on June 21, 2019.

June 21, 2019 WebPage Regulatory News
News

OSFI Proposes Guideline on Internal Model Oversight for Insurers

OSFI proposed the draft guideline E-25 on the internal model oversight framework for federally regulated property and casualty (P&C) insurance companies.

June 21, 2019 WebPage Regulatory News
News

EBA Single Rulebook Q&A: Third Update for June 2019

Under the Single Rulebook question and answer (Q&A) updates for this week, EBA published one answer regarding the calculation of institution-specific countercyclical capital buffer rates.

June 21, 2019 WebPage Regulatory News
News

SEC Finalizes Capital and Margin Requirements for Security-Based Swaps

SEC adopted a package of rules and rule amendments to establish capital, margin, and segregation requirements for security-based swaps, under Title VII of the Dodd-Frank Act.

June 21, 2019 WebPage Regulatory News
RESULTS 1 - 10 OF 3304