Featured Product

    EC Regulation Supplementing CRR on Liquidity Flows in a Group or IPS

    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

    BCBS Consults on Revised Disclosures for Market Risk Framework

    BCBS launched a consultation on the revised disclosure requirements for the market risk framework for banks.

    November 14, 2019 WebPage Regulatory News
    News

    FSB Examines Implementation of Resolution Regimes in Financial Sector

    FSB published a report that examines progress in implementing policy measures to enhance the resolvability of systemically important financial institutions and sets out plans for further work.

    November 14, 2019 WebPage Regulatory News
    News

    PRA Publishes Final Policy on Maintenance of TMTP Under Solvency II

    PRA published the policy statement (PS25/19) that contains the final supervisory statement (SS6/16) on maintenance of the transitional measure on technical provisions (TMTPs) under Solvency II.

    November 14, 2019 WebPage Regulatory News
    News

    BCBS Consults on Disclosure Templates of Sovereign Exposures of Banks

    BCBS published a consultation on the voluntary disclosure templates related to sovereign exposures of banks.

    November 14, 2019 WebPage Regulatory News
    News

    IAIS Adopts ComFrame, ICS, and Holistic Framework for Systemic Risk

    IAIS adopted a comprehensive set of reforms—Common Framework (ComFrame), Insurance Capital Standard (ICS) Version 2.0, and Holistic Framework for Systemic Risk—that will enable effective cross-border supervision of insurance groups and contribute to global financial stability.

    November 14, 2019 WebPage Regulatory News
    News

    PRA Publishes Templates for Statistical Disclosures Under Solvency II

    PRA published templates for statistical disclosures, as required under Article 31(2) of the Solvency II Directive.

    November 14, 2019 WebPage Regulatory News
    News

    FASB Proposes Improvements to Derivatives and Hedging Standard

    FASB proposed an Accounting Standards Update, on codification improvements to hedge accounting under Topic 815, to clarify certain sections of the 2017 hedge accounting standard (Update 2017-12).

    November 13, 2019 WebPage Regulatory News
    News

    FASB Approves Guidance to Assist in Transition to New Reference Rates

    FASB approved an Accounting Standards Update (Topic 848) to provide temporary, optional guidance to ease the potential burden in accounting for, or recognizing the effects of, the reference rate reform on financial reporting.

    November 13, 2019 WebPage Regulatory News
    News

    BIS and MAS Launch Innovation Hub in Singapore

    BIS and MAS launched the BIS Innovation Hub Center in Singapore.

    November 13, 2019 WebPage Regulatory News
    News

    MAS and Industry to Create Framework for Adoption of Responsible AIDA

    MAS announced that it is working with financial industry partners to create a framework for financial institutions to promote the responsible adoption of Artificial Intelligence and Data Analytics (AIDA).

    November 13, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 4142