March 29, 2019

EC published the Implementing Regulation (EU) 2019/439, which amends the Implementing Regulation 2016/2070 on benchmark portfolios, reporting templates, and reporting instructions to be applied in EU, under the Capital Requirements Directive (CRD) IV (also known as Directive 2013/36/EU). Regulation 2019/439 shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.

Regulation 2016/2070 specifies the reporting requirements of institutions to EBA and to the competent authorities; the regulation is intended to enable EBA and the competent authorities to assess internal approaches of institutions, as part of the benchmarking exercise under CRD IV. Given that institutions must submit the results of their calculations at least annually and that the focus of the competent authorities' assessments and of EBA's reports have changed, exposures or positions that are included in the benchmark portfolios, along with the reporting requirements, need to be adapted to such changes. Consequently, Regulation 2016/2070 has been amended as follows:

  • Article 3(3)(b) and Article 7 have been deleted.
  • Article 4(2) has been replaced.
  • Annexes I, II, III, IV, V, VI and VII to Regulation (EU) 2016/2070 have been replaced by the text set out in the respective Annexes I, II, III, IV, V, VI and VII to Regulation (EU) 2019/439

 

Related Links 

Effective Date: April 18, 2019

Keywords: Europe, EU, Banking, Securities, Benchmark Portfolios, Reporting, CRD IV, Internal Approaches, Regulation 2019/439, Basel III, Credit Risk, Market Risk, Regulatory Capital, EBA, EC

Related Articles
News

ESAs Amend Technical Standards on Mapping of ECAIs Under CRR

ESAs published a second amendment to the implementing technical standards on the mapping of credit assessments of External Credit Assessment Institutions (ECAIs) for credit risk under the Capital Requirements Regulation (CRR).

May 20, 2019 WebPage Regulatory News
News

OCC Consults on Information Collection for Home Mortgage Disclosures

OCC is soliciting comment on the revision of the information collection titled “Regulation C—Home Mortgage Disclosure.” OCC also notes that it has sent the collection to OMB for review.

May 20, 2019 WebPage Regulatory News
News

EIOPA Updates Q&A on Regulations in May 2019

EIOPA published additional questions and answers (Q&A) on guidelines, directives, and regulations applicable to insurers in Europe.

May 17, 2019 WebPage Regulatory News
News

FSB Publishes Update on Meeting of RCG for Americas

FSB published a summary of the meeting of its Regional Consultative Group (RCG) in Americas.

May 17, 2019 WebPage Regulatory News
News

IASB Issues Work Plan and Meeting Updates for May 2019

IASB published an updated work plan, along with the update of its meeting in May 2019.

May 17, 2019 WebPage Regulatory News
News

FCA Publishes Its Business Plan for the Coming Year

FCA published its Business Plan, which sets out the main areas of focus and priorities for 2019/20.

May 17, 2019 WebPage Regulatory News
News

CFTC Proposes to Amend Derivatives Clearing Organization Regulations

CFTC proposed amendments to certain regulations applicable to registered derivatives clearing organizations (DCOs) under Part 30 of the CFTC regulations.

May 16, 2019 WebPage Regulatory News
News

APRA Licenses Societe Generale As Foreign Deposit-Taking Institution

APRA granted Societe Generale a license to operate as a foreign authorized deposit-taking institution under the Banking Act of 1959.

May 16, 2019 WebPage Regulatory News
News

EBA Provides Updates on Its Work on Basel III Impact Assessment in EU

EBA is working to finalize the impact assessment on implementation of Basel III standards, in response to the EC call for advice, which was received on May 04, 2018.

May 16, 2019 WebPage Regulatory News
News

ISDA Publishes Two Consultations on Benchmark Fallbacks

ISDA published two consultations on benchmark fallbacks, the comment periods for which expire on July 12, 2019.

May 16, 2019 WebPage Regulatory News
RESULTS 1 - 10 OF 3097