General Information & Client Service
  • Americas: +1.212.553.1653
  • Asia: +852.3551.3077
  • China: +86.10.6319.6580
  • EMEA: +44.20.7772.5454
  • Japan: +81.3.5408.4100
Media Relations
  • New York: +1.212.553.0376
  • London: +44.20.7772.5456
  • Hong Kong: +852.3758.1350
  • Tokyo: +813.5408.4110
  • Sydney: +61.2.9270.8141
  • Mexico City: +001.888.779.5833
  • Buenos Aires: +0800.666.3506
  • São Paulo: +0800.891.2518
November 22, 2017

SRB organized the sixth Industry Dialog in Brussels on November 21, 2017. It brought together representatives from EU-level and national banking federations from Banking Union countries, representatives from national resolution authorities, the EC, European Parliament, and ECB. The meeting involved presentations related to the 2018 SRB resolution planning work cycle; 2017 MREL policy; critical functions and bank reporting; and an update on the Delegated Regulation on administrative contributions.

  • Resolution planning Lessons learnt and way forward by Dr Elke König, the SRB Chair: The presentation noted that the experience gained in resolution planning and crisis management is instrumental for the removal of barriers to resolution. Key areas, such as availability of data and adequate management information systems (MIS) and funding in resolution, have been identified in light of the determination of impediments to resolvability. SRB will soon launch the 2018 resolution planning cycle—building on the previous exercises—to bring predictability for all stakeholders involved and to ensure that the ambitious objectives for the Banking Union are achieved.
  • 2017 minimum requirement for own funds and eligible liabilities (MREL) Policy by Dominique Laboureix, an SRB Board Member: The presentation highlighted the process and the overview of the SRB MREL Policy for 2017. It also noted the policy outcomes, stating the application of the policy, estimated MREL targets, and the estimated MREL shortfalls. Finally, the SRB MREL roadmap with a multi-year approach was discussed. The 2017 MREL Policy represents a step forward compared to 2016, with a focus on bank-specific features, quality of MREL, and the setting of binding requirements with appropriate transition periods.
  • Critical functions and bank reportings, Mauro Grande, an SRB Board Member: Critical functions is a key element in resolution plans. The SRB and ECB are working together to align critical functions in recovery and resolution plans. Topics such as improved quality of assessments by banks and Internal Resolution Teams (IRTs), SRB benchmarking, and the next steps toward further improvement of critical functions were also discussed.
  • Update on the Delegated Regulation on administrative contributions by Timo Löyttyniemi, the SRB Vice-Chair: On September 14, 2017, EC adopted a Delegated Regulation on the final system of contributions. Once in force, this Delegated Regulation will establish the manner in which the amounts of the contributions are calculated as well as how they are collected. The presentation further explained the calculation methodology of the final system, along with the transitional period in 2018.

 

Related Link: Press Release

Keywords: Europe, Banking, Resolution Planning, MREL, Bank Reporting, Administrative Contributions, Presentation, SRB

Related Articles
News

EBA Single Rulebook Q&A: Fourth Update for March 2019

EBA published answers to five questions under the Single Rulebook question and answer (Q&A) updates for this week.

March 22, 2019 WebPage Regulatory News
News

ECB Updates Validation Checks and List of Identifiers Under AnaCredit

ECB updated the AnaCredit validation checks (Version 1.4) and the list of national identifiers (version 2.4) for AnaCredit reporting.

March 21, 2019 WebPage Regulatory News
News

BCBS Publishes Results of the Basel III Monitoring Exercise

BCBS published results of the Basel III monitoring exercise based on data as of June 30, 2018.

March 20, 2019 WebPage Regulatory News
News

EBA, FCA, and PRA Agree on MoU Template for Supervisory Cooperation

EBA, FCA, and PRA announced that they have agreed on a template for the Memorandum of Understanding (MoU) that sets out the expectations for supervisory cooperation and information-sharing arrangements between UK and EU/European Economic Area national authorities.

March 20, 2019 WebPage Regulatory News
News

HKMA Publishes CoP on Loss-Absorbing Capacity Requirements of Banks

HKMA issued, in relation to the Financial Institutions Resolution (Loss-Absorbing Capacity Requirements—Banking Sector) Rules (LAC Rules) a chapter of a code of practice (LAC CoP) under section 196 of the Financial Institutions Resolution Ordinance (FIRO).

March 20, 2019 WebPage Regulatory News
News

EBA Publishes Reports Monitoring the Implementation of Basel III in EU

EBA published two reports measuring the impact of implementing the final Basel III reforms and monitoring the implementation of liquidity measures in EU.

March 20, 2019 WebPage Regulatory News
News

BCBS Publishes Results of Survey on Proportionality in Bank Regulation

BCBS published a report presenting the results of a survey conducted on proportionality practices in bank regulation and supervision.

March 19, 2019 WebPage Regulatory News
News

US Agencies Adopt Interim Rule to Facilitate Transfers of Legacy Swaps

US Agencies (FCA, FDIC, FED, FHFA, and OCC) are adopting and inviting comments on an interim final rule.

March 19, 2019 WebPage Regulatory News
News

EBA Updates List of Other Systemically Important Institutions in EU

EBA updated the 2018 list of other systemically important institutions (O-SIIs) in EU. The list also reflects the additional capital buffers that the relevant authorities have set for the identified O-SIIs.

March 19, 2019 WebPage Regulatory News
News

HKMA Expects Banks to Manage Risks Related to Crypto-Asset Exposures

HKMA issued a statement announcing that it expects authorized institutions to take note of the BCBS statement on crypto-assets and its prudential expectations.

March 18, 2019 WebPage Regulatory News
RESULTS 1 - 10 OF 2780