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

BIS Report Discusses Regulatory Issues Related to Big Techs in Finance

BIS has pre-released a chapter of the BIS Annual Economic Report; this chapter focuses on the risks and opportunities presented by large technology firms in the financial services sector.

June 23, 2019 WebPage Regulatory News
News

IOSCO Report Examines Liquidity in Corporate Bond Markets

IOSCO published a report that examines the factors affecting liquidity, under stressed conditions, in the secondary corporate bond markets.

June 21, 2019 WebPage Regulatory News
News

FED Publishes Results of the 2019 Stress Tests for Banks

FED published a report presenting results of the Dodd-Frank Act Stress Test (DFAST) exercise for 2019.

June 21, 2019 WebPage Regulatory News
News

BCBS Report Examines Global Pillar 2 Supervisory Review Practices

BCBS published a report that examines the Pillar 2 supervisory review practices and approaches in Basel member jurisdictions.

June 21, 2019 WebPage Regulatory News
News

IASB Publishes Work Plan and Meeting Updates for June 2019

IASB published an updated work plan and a summary of its June meeting, which presents preliminary decisions of the Board.

June 21, 2019 WebPage Regulatory News
News

HKMA Publishes Banking Exposure Limits Code Under Banking Ordinance

HKMA issued a circular to all authorized institutions informing that the Banking (Exposure Limits) Code has been published in the Gazette on June 21, 2019.

June 21, 2019 WebPage Regulatory News
News

OSFI Proposes Guideline on Internal Model Oversight for Insurers

OSFI proposed the draft guideline E-25 on the internal model oversight framework for federally regulated property and casualty (P&C) insurance companies.

June 21, 2019 WebPage Regulatory News
News

EBA Single Rulebook Q&A: Third Update for June 2019

Under the Single Rulebook question and answer (Q&A) updates for this week, EBA published one answer regarding the calculation of institution-specific countercyclical capital buffer rates.

June 21, 2019 WebPage Regulatory News
News

BCBS Publishes Summary of the Meeting in June 2019

BCBS published a summary of its June meeting in Basel.

June 20, 2019 WebPage Regulatory News
News

OCC Bulletin on Risk Management Guidance for Home Mortgage Lending

OCC published Bulletin 2019-28 on risk management guidance for higher-loan-to-value (LTV) lending activities in communities targeted for revitalization.

June 19, 2019 WebPage Regulatory News
RESULTS 1 - 10 OF 3298