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 ArticleCBIRC Holds Forum on Foreign Banks and Insurance Institutions
HM Treasury notified that, after considering all responses, the government intends to bring forward further legislation, when the Parliamentary time allows, to address issues identified in the consultation on supporting the wind-down of critical benchmarks.
EIOPA launched the 2021 stress test for the insurance sector in EU.
UK authorities jointly published the third edition of Regulatory Initiatives Grid setting out the planned regulatory initiatives for the next 24 months.
EC is requesting feedback on the proposed Commission Delegated Regulation on the content, methodology, and presentation of information that large financial and non-financial undertakings should disclose about their environmentally sustainable economic activities under the Taxonomy Regulation.
OSFI has set out the near-term priorities for federally regulated financial institutions and federally regulated private pension plans for the coming months until March 31, 2022.
Under the Italian G20 Presidency, BIS Innovation Hub and the Italian central bank BDI launched the second edition of the G20 TechSprint on the lookout for innovative solutions to resolve operational problems in green and sustainable finance.
ACPR published Version 1.0.0 of the RUBA taxonomy, which will come into force from the decree of January 31, 2022.
EBA proposed the regulatory technical standards on a central database on anti-money laundering and countering the financing of terrorism (AML/CFT) in EU.
ECB published its response to the targeted EC consultation on the review of the bank crisis management and deposit insurance framework in EU.
BCBS, CPMI, and IOSCO (the Committees) are inviting entities that participate in market infrastructures and securities markets through an intermediary as well as non-bank intermediaries to complete voluntary surveys on the use of margin calls.