Featured Product

    ECB Amends Guideline on Measures Related to Eligibility of Collateral

    June 24, 2019

    ECB published Guideline (EU) 2019/1034, which amends Guideline ECB/2014/31, on additional temporary measures related to Eurosystem refinancing operations and eligibility of collateral (ECB/2019/13). The Governing Council has decided that for the purposes of certain Articles of Guideline ECB/2014/31, the Hellenic Republic and Republic of Cyprus shall no longer be considered a euro area member state under a EU-IMF program. The suspension of the requirements for credit quality thresholds for certain marketable instruments should be subject to an explicit decision of the Governing Council. Therefore, Guideline ECB/2014/31 has been amended accordingly.

    Guideline (EU) 2019/1034 shall take effect on the day of its notification to the national central banks of the member states whose currency is the euro. The national central banks of the member states whose currency is the euro shall take the necessary measures to comply with Guideline (EU) 2019/1034 and apply them from August 05, 2019. They shall notify ECB of the texts and means relating to those measures by June 21, 2019 at the latest. Guideline ECB/2014/31 has been amended as follows:

    • Paragraph 3 in Articles 1, 8, and 9 has been deleted.
    • Article 6 has been deleted.
    • Paragraph 2 in Article 8 has been replaced.
    • Annexes I and II have been deleted.

     

    Related Link: Guideline (EU) 2019/1034 (PDF)

     

    Keywords: Europe, EU, Banking, Cyprus, Guideline 2019/1034, Hellenic Republic, Credit Quality Thresholds, ECB

    Related Articles
    News

    EBA Clarifies Use of COVID-19-Impacted Data for IRB Credit Risk Models

    The European Banking Authority (EBA) published four draft principles to support supervisory efforts in assessing the representativeness of COVID-19-impacted data for banks using the internal ratings based (IRB) credit risk models.

    June 21, 2022 WebPage Regulatory News
    News

    BIS Hub Updates Work Program for 2022, Announces New Projects

    The Bank for International Settlements (BIS) Innovation Hub updated its work program, announcing a set of projects across various centers.

    June 17, 2022 WebPage Regulatory News
    News

    US Senate Members Seek Details on SEC Proposed Climate Disclosure Rule

    Certain members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs issued a letter to the Securities and Exchange Commission (SEC)

    June 16, 2022 WebPage Regulatory News
    News

    EIOPA Consults on Review of Securitization Framework in Solvency II

    The European Insurance and Occupational Pensions Authority (EIOPA) published a consultation paper on the advice on the review of the securitization prudential framework in Solvency II.

    June 16, 2022 WebPage Regulatory News
    News

    UK Authorities Issue Regulatory and Reporting Updates for Banks

    The Prudential Regulation Authority (PRA) issued a statement on PRA buffer adjustment while the Bank of England (BoE) published a notice on the statistical reporting requirements for banks.

    June 15, 2022 WebPage Regulatory News
    News

    BaFin Consults on Resolvability Requirements for Resolution Planning

    The Federal Financial Supervisory Authority of Germany (BaFin) proposed to amend the “Capital Investment Conduct And Organization Ordinance” and issued a draft circular on the minimum resolvability requirements for resolution planning.

    June 10, 2022 WebPage Regulatory News
    News

    EBA Consults on Certain Standards and Guidelines Under CRR and BRRD

    The European Banking Authority (EBA) proposed guidelines, for the resolution authorities, on the publication of the write-down and conversion and bail-in exchange mechanic, with the comment period ending on September 07, 2022.

    June 08, 2022 WebPage Regulatory News
    News

    OJK Publishes Regulatory Updates for Financial Sector Entities

    The Financial Services Authority of Indonesia (OJK) is strengthening cooperation with the Australian Prudential Regulation Authority (APRA) and the Japanese Financial Services Agency (JFSA)

    June 03, 2022 WebPage Regulatory News
    News

    EU Publishes Rules on DLT and Data Governance

    The European Parliament and the Council published Regulation 2022/868 on European data governance (Data Governance Act).

    June 03, 2022 WebPage Regulatory News
    News

    EBA Publishes Phase 2 of Reporting Framework 3.2

    The European Banking Authority (EBA) published phase 2 of its reporting framework 3.2. The technical package supports the implementation of the updated reporting framework by providing standard specifications

    June 03, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8267