Bank of Spain issued a circular on collection, through the Central de Información de Riesgos (CIR), of information that the Bank of Spain has to request from reporting entities to report to the ECB in accordance with the provisions of the AnaCredit regulation.
Bank of Spain has decided to use the option in Article 8 (4) of Regulation (EU) 867/2016, which provides for the possibility for national central banks to comply with their provisions as part of a wider national information framework. Bank of Spain has proceeded to integrate the requirements in Circular 1/2013, with modifications thereof included in Circular 1/2017.
Effective Date: March 31, 2018
Keywords: Europe, Spain, Banking, AnaCredit, Circular 1/2017, BDE, Bank of Spain
EBA published phase 2 of the technical package on the reporting framework 2.10, providing the technical tools and specifications for implementation of EBA reporting requirements.
FASB issued a proposed Accounting Standards Update that would grant insurance companies, adversely affected by the COVID-19 pandemic, an additional year to implement the Accounting Standards Update No. 2018-12 on targeted improvements to accounting for long-duration insurance contracts, or LDTI (Topic 944).
APRA updated the regulatory approach for loans subject to repayment deferrals amid the COVID-19 crisis.
BCBS and FSB published a report on supervisory issues associated with benchmark transition.
IAIS published a report on supervisory issues associated with benchmark transition from an insurance perspective.
ESMA updated the reporting manual on the European Single Electronic Format (ESEF).
EBA published a statement on resolution planning in light of the COVID-19 pandemic.
BCBS Finalizes Revisions to Credit Valuation Adjustment Risk Framework
ECB published a guideline (2020/97), in the Official Journal of European Union, on the definition of materiality threshold for credit obligations past due for less significant institutions.
FED temporarily revised the capital assessments and stress testing reports (FR Y-14A/Q/M) to implement the changes in response to the COVID-19 pandemic.