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    EBA Expands Scope of Interactive Single Rulebook and Q&A Tool

    June 17, 2020

    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.

     

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    Keywords: Europe, EU, Banking, Single Rulebook, Q&A, Interactive Single Rulebook, CRR2, CRD5, BRRD2, AML, Wire Transfer Regulation, WTR, Level 1 Measures, EBA

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