Featured Product

    ESRB Announces Updates on Macro-Prudential Measures in March 2021

    March 29, 2021

    ESRB updated the list of national macro-prudential measures applied by each member state in the European Economic Area. These national macro-prudential measures include capital conservation buffer, countercyclical capital buffer, systemic risk buffer, and global and other systemically important (G-SII and O-SII) buffers, reciprocation measures, and borrower-based measures. Also published was a notification from the Minister of Finance of Poland, to ECB and ESRB, about the decision to reduce risk-weights from 100% to 50% for exposures secured by mortgages on commercial immovable property. The 100% risk-weight still applies for other commercial properties. The regulation on this decision entered into force on October 16, 2020. In another development, the Bank of Slovenia notified EBA, ECB, and ESRB about its decision on the identification of O-SIIs and the activation of O-SII buffers.

    The institutions that are designated as O-SIIs in Slovenia include NLB, NKBM, SID, SKB, Unicredit, and Intesa Sanpaolo. Banks were obliged to implement the buffer requirement from January 01, 2019 onward. Due to the increase in capital buffer requirement following the 2018 assessment, SID bank has been obliged to implement the increased buffer requirement gradually, from January 01, 2020 onward (0.25% from January 01, 2019 and 0.50% from January 01, 2020). Intesa Sanpaolo will be obliged to implement the buffer requirement from January 01, 2021 onward. Following the 2020 assessment, the requirement for the SID was reduced to 0.25% whereas the requirement for NKBM was increased to 0.50%. NKBM is obliged to build the buffer from January 01, 2022 onward.

     

    Related Links

    Keywords: Europe, EU, Poland, Slovenia, Banking, Macro-Prudential Measures, Borrower Based Measures, Systemic Risk, Regulatory Capital, Basel, Credit Risk, ESRB

    Featured Experts
    Related Articles
    News

    PRA and FPC Finalize Changes to Leverage Ratio Framework in UK

    The Prudential Regulation Authority (PRA) published the final policy statement PS21/21 on the leverage ratio framework in the UK. PS21/21, which sets out the final policy of both the Financial Policy Committee (FPC) and PRA

    October 08, 2021 WebPage Regulatory News
    News

    CFPB Proposes Rule on Small Business Lending Data Collection

    The Consumer Financial Protection Bureau (CFPB) proposed to amend Regulation B to implement changes to the Equal Credit Opportunity Act (ECOA) under Section 1071 of the Dodd-Frank Act.

    October 08, 2021 WebPage Regulatory News
    News

    PRA Decides to Maintain O-SII Buffers for Another Year

    The Prudential Regulation Authority (PRA) decided to maintain, at the 2019 levels, the buffer rates for the Other Systemically Important Institutions (O-SII) for another year, with no new rates to be set until December 2023.

    October 08, 2021 WebPage Regulatory News
    News

    FSB Report Assesses Implementation of Recommendations on Stablecoins

    The Financial Stability Board (FSB) published a progress report on implementation of its high-level recommendations for the regulation, supervision, and oversight of global stablecoin arrangements.

    October 07, 2021 WebPage Regulatory News
    News

    APRA Updates Loan Serviceability Expectations for Home Lending

    In a letter to the authorized deposit taking institutions, the Australian Prudential Regulation Authority (APRA) announced an increase in the minimum interest rate buffer it expects banks to use when assessing the serviceability of home loan applications.

    October 06, 2021 WebPage Regulatory News
    News

    CPMI and IOSCO Consult on Guidance on Stablecoin Arrangements

    The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) are consulting on the preliminary guidance that clarifies that stablecoin arrangements should observe international standards for payment, clearing, and settlement systems.

    October 06, 2021 WebPage Regulatory News
    News

    EBA and EIOPA Set Out Work Priorities for 2022

    The European Banking Authority (EBA) and the European Insurance and Occupational Pensions Authority (EIOPA) have set out their respective work priorities for 2022.

    October 05, 2021 WebPage Regulatory News
    News

    MFSA Issues Reporting Updates and Guidance for Banks

    The Malta Financial Services Authority (MFSA) updated the guidelines on supervisory reporting requirements under the reporting framework 3.0, in addition to the reporting module on leverage under the common reporting (COREP) framework.

    October 05, 2021 WebPage Regulatory News
    News

    EC Publishes Decision on List of Equivalent Third Countries Under CRR

    The European Commission (EC) published the Implementing Decision 2021/1753 on the equivalence of supervisory and regulatory requirements of certain third countries and territories for the purposes of the treatment of exposures, in accordance with the Capital Requirements Regulation or CRR (575/2013).

    October 04, 2021 WebPage Regulatory News
    News

    EC Rule on Contractual Recognition of Write-Down and Conversion Powers

    EC published the Implementing Regulation 2021/1751, which lays down implementing technical standards on uniform formats and templates for notification of determination of the impracticability of including contractual recognition of write-down and conversion powers.

    October 04, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 7552