EBA expanded the scope of its Questions and Answers (Q&A) process and tool to enable the submission of questions on the Anti-Money-Laundering (AML) Directive and Consumer Protection legislation under the scope of EBA. Going forward, submitted questions that meet the prescribed criteria will be published on EBA website while their answers are being prepared. EBA also made some changes to expand and update the online Interactive Single Rulebook. As of June 12, 2020, the Interactive Single Rulebook has been expanded to include AML Directive and Wire Transfer Regulation (WTR). Additionally, it has been updated to include the revised Capital Requirements Regulation and Directive (CRR2 and CRD5) and the revised Banking Resolution and Recovery Directive (BRRD2). EBA also updated the document on additional background and guidance for asking questions.
For CRR2, CRD5, and BRRD2, the associated Delegated and Implementing acts, regulatory technical standards, implementing technical standards, guidelines, recommendations, and Q&As have not yet been updated in the updated texts. Newly finalized updates for these texts will be added as they are published. For the texts published so far, EBA is conducting a review of all final Q&As to establish the extent to which they remain relevant. Once this work has been finalized, the outcome will be reflected in the updated texts. Relevant associated Acts, standards, guidelines, and recommendations will also be added at that stage.
Meanwhile, users of the Interactive Single Rulebook can consult both the current and the previous legal acts' past version for the CRR/CRD/BRRD when searching for relevant Q&As. The Interactive Single Rulebook is an online tool that provides a comprehensive compendium of the level 1 text for CRR, CRD5, BRRD2, the Deposit Guarantee Schemes Directive (DGSD), AML Directive, Mortgage Credit Directive (MCD), Payment Services Directive (PSD2), Simple, transparent and standardized Securitization Regulation, Wire Transfer Regulation (WTR), and their corresponding technical standards developed by EBA and adopted by EC, in addition to the EBA guidelines, recommendations, and related Q&As.
- Press Release
- Single Rulebook Q&A Tool
- Interactive Single Rulebook
- Guidance for Asking Questions (PDF)
Keywords: Europe, EU, Banking, Single Rulebook, Q&A, Interactive Single Rulebook, CRR2, CRD5, BRRD2, AML, Wire Transfer Regulation, WTR, Level 1 Measures, EBA
Previous ArticleEBA Concludes Peer Review on Deposit Guarantee Scheme Stress Tests
EBA published a report analyzing the impact of the unwind mechanism of the liquidity coverage ratio (LCR) for a sample of European banks over a three-year period, from the end of 2016 to the first quarter of 2020.
In response to questions from a member of the European Parliament, the ECB President Christine Lagarde issued a letter clarifying the possibility of amending the AnaCredit Regulation and making targeted longer-term refinancing operations (TLTROs) dependent on the climate-related impact of bank loans.
IASB started the post-implementation review of the classification and measurement requirements in IFRS 9 on financial instruments and added the review as a project to its work plan.
FSB published a report that examines progress in implementing policy measures to enhance the resolvability of systemically important financial institutions.
EBA published a report on the benchmarking of national loan enforcement frameworks across 27 EU member states, in response to the call for advice from EC.
FSB published a letter from its Chair Randal K. Quarles, along with two reports exploring various aspects of the market turmoil resulting from the COVID-19 event.
RBNZ launched a consultation on the details for implementing the final Capital Review decisions announced in December 2019.
The Trustees of the IFRS Foundation, which are responsible for the governance and oversight of IASB, have announced the appointment of Dr. Andreas Barckow as the IASB Chair, effective July 2021.
HKMA issued a letter to consult the banking industry on a full set of proposed draft amendments to the Banking (Capital) Rules for implementing the Basel standard on capital requirements for banks’ equity investments in funds in Hong Kong.
ESRB published an opinion assessing the decision of Swedish Financial Supervisory Authority (FSA) to extend the application period of a stricter measure for residential mortgage lending, in accordance with Article 458 of the Capital Requirements Regulation (CRR).