Featured Product

    ECB Opinions on Capital Requirements and Crisis Management Frameworks

    November 10, 2017

    ECB published opinions on amendments to the EU framework for capital requirements of credit institutions and investment firms (CON/2017/46) and on revisions to the Union crisis management framework (CON/2017/47).

    CON/2017/46 addresses issues related to changes to the existing EU regulatory and supervisory framework and the implementation of internationally agreed supervisory standards. CON/2017/47 addresses issues related to implementation of the total loss-absorbing capacity (TLAC) standard in the EU; amendments to the minimum requirement for own funds and eligible liabilities (MREL); transitional arrangements for MREL; early intervention measures; pre-resolution moratorium tool; and “failing or likely to fail” assessment for less significant credit institutions under the direct responsibility of the Single Resolution Board.

    ECB received requests from the Council of the EU and the European Parliament, respectively, for an opinion on proposed amendments to Capital Requirements Regulation (CRR), Capital Requirements Directive (CRD), Single Resolution Mechanism Regulation, and Bank Recovery and Resolution Directive (BRRD). ECB’s competence to deliver an opinion is based on Articles 127(4) and 282(5) of the Treaty on the Functioning of the EU since the proposed amending regulations and directives contain provisions affecting ECB’s tasks on policies related to the prudential supervision of credit institutions in accordance with Article 127(6) of the Treaty and the European System of Central Banks’ contribution to the smooth conduct of policies pursued by the competent authorities relating to the stability of the financial system, as referred to in Article 127(5) of the Treaty. In accordance with the first sentence of Article 17.5 of the Rules of Procedure of ECB, the Governing Council has adopted these opinions.

     

    Related Links:

    Keywords: Europe, EU, Banking, CRR, CRD, SRM, BRRD, Capital Requirements Framework, Crisis Management Framework, TLAC, MREL, Opinion, ECB

    Related Articles
    News

    PRA Consults on Implementation of Certain Provisions of CRD5

    PRA, via the consultation paper CP12/20, proposed changes to its rules, supervisory statements, and statements of policy to implement certain elements of the Capital Requirements Directive (CRD5).

    July 31, 2020 WebPage Regulatory News
    News

    EIOPA Report Identifies Key Financial Stability Risks for Insurers

    EIOPA published the financial stability report that provides detailed quantitative and qualitative assessment of the key risks identified for the insurance and occupational pensions sectors in the European Economic Area.

    July 30, 2020 WebPage Regulatory News
    News

    EBA Publishes Risk Dashboard for First Quarter of 2020

    EBA published its risk dashboard for the first quarter of 2020 together with the results of the risk assessment questionnaire.

    July 30, 2020 WebPage Regulatory News
    News

    EBA Issues Updates on Stress Test Exercise for Banks in EU

    EBA announced that the next stress testing exercise is expected to be launched at the end of January 2021 and its results are to be published at the end of July 2021.

    July 30, 2020 WebPage Regulatory News
    News

    PRA Proposes Guidance Related to Matching Adjustment under Solvency II

    PRA published the consultation paper CP11/20 that sets out its expectations and guidance related to auditors’ work on the matching adjustment under Solvency II.

    July 30, 2020 WebPage Regulatory News
    News

    MAS Issues Guidance on Dividend Distributions by Banks

    MAS published a statement guidance on dividend distribution by banks.

    July 30, 2020 WebPage Regulatory News
    News

    APRA Updates Guidance on Capital Management for Banks

    APRA updated its capital management guidance for banks, particularly easing restrictions around paying dividends as institutions continue to manage the disruption caused by COVID-19 pandemic.

    July 29, 2020 WebPage Regulatory News
    News

    FSB Report Reviews Macro-Prudential Framework and Tools in Germany

    FSB published a report that reviews the progress on data collection for macro-prudential analysis and the availability and use of macro-prudential tools in Germany.

    July 29, 2020 WebPage Regulatory News
    News

    EBA Urges Firms to Finalize Preparations for End of Brexit Transition

    EBA issued a statement reminding financial institutions that the transition period between EU and UK will expire on December 31, 2020; this will end the possibility for the UK-based financial institutions to offer financial services to EU customers on a cross-border basis via passporting.

    July 29, 2020 WebPage Regulatory News
    News

    SRB on Operational Continuity in Resolution and FMI Contingency Plans

    SRB published guidance on operational continuity in resolution and financial market infrastructure (FMI) contingency plans.

    July 29, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5606