EBA Amends Recommendation on Equivalence of Confidentiality Regimes
EBA published its amended recommendations (EBA/REC/2015/01) on the equivalence of confidentiality regimes. The equivalence assessment of EBA is based on the relevant provisions of the Capital Requirements Directive (CRD IV) and has considered certain third-country authorities as equivalent.
The following are the third-country authorities that have been considered to be equivalent:
- The ADGM Financial Services Regulation Authority—the Abu Dhabi Global Market
- The Financial Supervisory Service—the Republic of South Korea
- The National Bank of Moldova—the Republic of Moldova
- The Securities and Futures Commission—Hong Kong
The results were published, in 2015, in a first set of recommendations, which were amended in December 2017 and June 2018, to include other third-country authorities that were assessed as equivalent. The assessment is an ongoing process and EBA has, since then, completed the assessment of a further set of authorities. Thus, the outcomes of these new assessments are reflected in the present amending recommendations. As a next step, the recommendations will be translated into the official languages of the EU and published on the EBA website. The deadline for competent authorities to report whether they comply with the recommendations will be two months after the publication of the translations.
Related Links
Keywords: Europe, EU, Banking, Securities, Recommendations, Confidentiality Regime, CRD IV, Equivalence, EBA
Previous Article
EIOPA Publishes Result of the Work of EU-US Insurance Dialog ProjectRelated Articles
|
News
EU Finalizes Regulation on Prudential Backstop for Bank NPEs Under CRRRegulation (EU) 2019/630, which amends the Capital Requirements Regulation, or CRR (Regulation 575/2013), with regard to the minimum loss coverage for non-performing exposures (NPEs), has been published in the Official Journal of the European Union.
April 25, 2019
WebPage
Regulatory News
|
|
News
FASB Issues Minor Improvements to Financial Instruments StandardsFASB issued an Accounting Standards Update (ASU No. 2019-04) that clarifies and improves areas of guidance related to the recently issued standards on credit losses (Topic 326), derivatives and hedging (Topic 815), and recognition and measurement of financial instruments (Topic 825).
April 25, 2019
WebPage
Regulatory News
|
|
News
APRA Grants License to New Authorized Deposit-Taking InstitutionAPRA announced that it has granted Judo Bank Pty Ltd a license to operate as an authorized deposit-taking institution without restrictions, under the Banking Act 1959.
April 24, 2019
WebPage
Regulatory News
|
|
News
BoE Report on Evaluation of Approach to Concurrent Stress TestingBoE published a report on the evaluation, by the Independent Evaluation Office (IEO), of the effectiveness of the approach of BoE to concurrent stress testing.
April 24, 2019
WebPage
Regulatory News
|
|
News
FDIC Consults on Approach to Resolution Planning for IDIsFDIC approved an Advance Notice of Proposed Rulemaking (ANPR) and is seeking comment on ways to tailor and improve its rule requiring certain insured depository institutions (IDIs) to submit resolution plans.
April 22, 2019
WebPage
Regulatory News
|
|
News
FDIC Specifies Submission Timeline for FFIEC 031, 041, and 051 ReportsFDIC published the financial institution letters (FIL-21-2019 and FIL-22-2019) that offer guidance on submission of Call Reports FFIEC 051, FFIEC 041, and FFIEC 031 for the first quarter of 2019.
April 19, 2019
WebPage
Regulatory News
|
|
News
US Agencies Propose to Revise Call Reports FFIEC 031, 041, and 051US Agencies (FDIC, FED, and OCC) proposed to revise and extend, for three years, the Call Reports FFIEC 031, FFIEC 041, and FFIEC 051.
April 19, 2019
WebPage
Regulatory News
|
|
News
US Agencies Propose to Amend Rule on Supplementary Leverage RatioUS Agencies (FDIC, FED, and OCC) are proposing to revise the capital requirements for supplementary leverage ratio, as required by the Economic Growth, Regulatory Relief, and Consumer Protection (EGRRCP) Act.
April 18, 2019
WebPage
Regulatory News
|
|
News
EIOPA Held InsurTech Roundtable on Use of Cloud Computing by InsurersEIOPA had, on April 11, 2019, hosted its Fourth InsurTech Roundtable on the use of cloud computing by insurance undertakings.
April 17, 2019
WebPage
Regulatory News
|
|
News
EP Resolution on Proposal for Sovereign Bond Backed SecuritiesThe European Parliament (EP) published adopted text on the proposal for a regulation of the European Parliament and of the Council on sovereign bond-backed securities (SBBS).
April 16, 2019
WebPage
Regulatory News
|
