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    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

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