Featured Product

    BaFin Replaces Form for Reporting of Recovery Plans by LSIs

    June 30, 2020

    BaFin has replaced the form for reporting of recovery plans of less significant institutions (LSIs), according to the simplified requirements under §19 Recovery and Resolution Act (SAG). BaFin also published a guide to the web form for the reporting of recovery plans, along with the frequently asked questions on reporting of the recovery plans according to the simplified requirements.

    The Excel form, which was published in October 2019, has been replaced with a more user-friendly web form. Institutions can fill the form directly on the registration and publication platform (MVP) and then submit it. The documents supplementing the recovery plan can no longer be uploaded separately as attachments. Instead, users can import these documents directly into the web form and submit them along with the form.

    In addition, BaFin has announced an extension of the General Order, published in June 2019, regarding “the granting of the general license to certain institutions with regard to the termination, repayment, or buyback of eligible liabilities before their contractual maturity." The term of the General Order has been extended until December 28, 2020. The General Order is based on Article 78a paragraph 1 subparagraph 2 of the revised Capital Requirements Regulation (CRR2).

     

    Related Links (in German)

    Keywords: Europe, Germany, Banking, Less Significant Institutions, Recovery Plan, Reporting, CRR2, Resolution Framework, Recovery and Resolution Act, BaFin

    Featured Experts
    Related Articles
    News

    EBA Finalizes Remuneration Standards for Investment Firms in EU

    EBA finalized the two sets of draft regulatory technical standards on the identification of material risk-takers and on the classes of instruments used for remuneration under the Investment Firms Directive (IFD).

    January 21, 2021 WebPage Regulatory News
    News

    ECA Recommends Actions to Enhance Resolution Planning for Banks

    EC published, in the Official Journal of the European Union, a notification that the European Court of Auditors (ECA) has published a special report on resolution planning in the Single Resolution Mechanism.

    January 20, 2021 WebPage Regulatory News
    News

    BoE Publishes Key Elements of the 2021 Stress Testing for Banks in UK

    BoE published a scenario against which it will be stress testing banks in 2021, in addition to setting out the key elements of the 2021 stress test, guidance on the 2021 stress test, and the variable paths for the 2021 stress test.

    January 20, 2021 WebPage Regulatory News
    News

    PRA Proposes Rules on Identity Verification of Depositor Protection

    PRA published a consultation paper (CP3/21) proposes rules regarding the timing of identity verification required for eligibility of depositor protection under the Financial Services Compensation Scheme (FSCS).

    January 20, 2021 WebPage Regulatory News
    News

    FSB Publishes Work Program for 2021

    FSB published the work program for 2021, which reflects a strategic shift in priorities in the COVID-19 environment.

    January 20, 2021 WebPage Regulatory News
    News

    FCA Issues Update on Move to New Data Collection Platform

    FCA announced that 50% firms have started using the new data collection platform RegData, which is slated to replace the existing platform known Gabriel.

    January 20, 2021 WebPage Regulatory News
    News

    Bundesbank Publishes Derivation Rules for Reporting by Banks

    Bundesbank published Version 5.0 of the derivation rules for completeness check at the form level, with respect to the data quality of the European harmonized reporting system.

    January 19, 2021 WebPage Regulatory News
    News

    FED Revises Capital Planning and Stress Testing Requirements for Banks

    FED finalized a rule that updates capital planning requirements to reflect the new framework from 2019 that sorts large banks into categories, with requirements that are tailored to the risks of each category.

    January 19, 2021 WebPage Regulatory News
    News

    ECB Releases Results of Bank Lending Survey for Fourth Quarter of 2020

    ECB published results of the quarterly lending survey conducted on 143 banks in the euro area.

    January 19, 2021 WebPage Regulatory News
    News

    ESAs Publish Reporting Templates for Financial Conglomerates

    ESAs published the final draft implementing technical standards on reporting of intra-group transactions and risk concentration of financial conglomerates subject to the supplementary supervision in EU.

    January 18, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6484