European Parliament published a brief report that presents ways to address sovereign risks under the existing supervisory and regulatory framework. It also provides an insight into various options identified by EBA, the Basel Committee, the European Stability Mechanism, and the European regulatory framework that might be coupled with other developments, including on a European deposit insurance scheme (EDIS). The briefing takes stock of where the Banking Union stands in terms of sovereign exposures, home bias, and concentration risks as well as the related international regulatory developments.
Related Link: Briefing (PDF)
Keywords: Europe, EU, Banking, Banking Union, Sovereign Exposures, Basel III, CRR/CRD, Regulatory Capital, EDIS, European Parliament
Previous ArticleEBA Consults on Initial Reporting Requirements for Market Risk
EBA issued a revised list of validation rules with respect to the implementing technical standards on supervisory reporting.
EBA published its response to the call for advice of EC on ways to strengthen the EU legal framework on anti-money laundering and countering the financing of terrorism (AML/CFT).
NGFS published a paper on the overview of environmental risk analysis by financial institutions and an occasional paper on the case studies on environmental risk analysis methodologies.
MAS published the guidelines on individual accountability and conduct at financial institutions.
APRA published final versions of the prudential standard APS 220 on credit quality and the reporting standard ARS 923.2 on repayment deferrals.
SRB published two articles, with one article discussing the framework in place to safeguard financial stability amid crisis and the other article outlining the path to a harmonized and predictable liquidation regime.
FSB hosted a virtual workshop as part of the consultation process for its evaluation of the too-big-to-fail reforms.
ECB updated the list of supervised entities in EU, with the number of significant supervised entities being 115.
OSFI published the key findings of a study on third-party risk management.
FSB is extending the implementation timeline, by one year, for the minimum haircut standards for non-centrally cleared securities financing transactions or SFTs.