DNB issued a consultation on amendment to the Capital Requirements Directive and Regulation (CRD IV and CRR) 2019 Specific Provisions Regulation in connection with the systemic risk buffer. DNB is committed to continuing to guarantee the stability of the financial sector amid COVID-19 outbreak. Against this background, on March 17, DNB decided to reduce its systemic risk buffer requirement. The CRD IV and CRR 2019 Specific Provisions Regulation has been amended to allow the announced adjustment of the systemic risk buffer. The consultation was open until April 06, 2020. This amended regulation shall be cited as amended adoption of the 2020 systemic risk buffer. The amended regulation shall enter into force on the day after its publication in the Gazette.
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Keywords: Europe, Netherlands, Banking, Systemic Risk Buffer, Systemic Risk, CRD IV, CRR, Specific Provisions Regulation, COVID-19, Regulatory Capital, DNB
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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).