EBA will hold a public hearing on June 26, 2018 to outline its draft answer to the EC's Call for Advice on the European secured notes. The hearing comes ahead of the publication of EBA's final report, which is expected by mid-July 2018.
A presentation of the draft report will be uploaded on the EBA website one week ahead of the public hearing. EC's Call for Advice is asking EBA to:
- Assess whether a dual-recourse instrument similar to covered bonds may provide a useful funding alternative to banks engaged in lending to small and medium-size enterprises (SMEs) and lending to infrastructure projects
- Advise on the potential structure of this new product
- Determine an appropriate EU framework and regulatory treatment
Related Link: Press Release
Keywords: Europe, EU, Banking, Covered Bonds, European Secured Notes, EBA
RBNZ published the financial stability report for May 2020. This review of the financial system in the country highlights that the economic disruption associated with COVID-19 will present challenges to the financial system.
Financial policymakers and international standard-setters met virtually with private-sector executives to discuss international policy responses to COVID-19 pandemic.
HKMA is consulting on revisions to the Supervisory Policy Manual module CR-G-14 on margin and other risk mitigation standards for non-centrally cleared over-the-counter (OTC) derivatives transactions.
EBA published thematic note presenting a preliminary assessment of the impact of COVID-19 outbreak on the banking sector in EU.
HKMA published a circular, addressed to authorized institutions, on the application of the Basel Committee guidance on certain COVID-related measures.
PRA provided further information on the application of regulatory capital and IFRS 9 requirements to payment holidays granted or extended to address the challenges arising from COVID-19 outbreak.
PRA published final policy (in PS13/20) setting out the approach and expectations for authorization and supervision of insurance special purpose vehicles (ISPVs or insurance SPVs).
BoE published version 2.0.1 of the Capital+ XBRL Utility, along with the related release notes.
HKMA announced the publication of a report on fintech adoption and innovation in the banking industry in Hong Kong.
BIS published a working paper that examines the drivers of cyber risk, especially in context of the cloud services.