EBA Single Rulebook Q&A: Second Update for May 2020
EBA updated the Single Rulebook question and answer (Q&A) tool for banks. With this update, EBA has added answers to six questions, providing clarifications on topics such as requirements for own funds, treatment of large exposures, and the timing of recognition of year-end profits in common equity tier 1 capital for the purpose of COREP reporting and Pillar 3 disclosures.
The overall objective of the Q&A tool is to ensure consistent and effective application of the new regulatory framework across the Single Market. Institutions, supervisors, and other stakeholders can use the Single Rulebook Q&A tool for submitting questions on certain EU regulations and directives. These regulations and directives include the revised Capital Requirements Directive 5 (CRD 5), the revised Capital Requirements Regulation (CRR 2), the revised Bank Recovery and Resolution Directive (BRRD 2), the Securitization Regulation, Deposit Guarantee Schemes Directive (DGSD), the Mortgage Credit Directive (MCD), the Payment Services Directive (PSD) 2, and the related technical standards that EBA has developed and adopted.
Related Link: Single Rulebook Q&A
Keywords: Europe, EU, Banking, Single Rulebook, Q&A, CRR2, Own Funds, Reporting, Large Exposures, COREP, Disclosures, Basel, EBA
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