The European Banking Authority (EBA) Single Rulebook Question and Answer (Q&A) tool updates for this month include answers to 10 questions. The answers address queries on the second Payment Services Directive (PSD 2) and supervisory reporting issues with respect to the large exposures, liquidity coverage ratio, net stable funding ratio, additional liquidity monitoring metrics, FINREP, and COREP.
The overall objective of the Q&A tool is to ensure consistent and effective application of regulatory framework across the Single Market. Institutions, supervisors, and other stakeholders can use the Single Rulebook Q&A tool to submit questions on certain EU regulations and directives. These regulations and directives include the revised Capital Requirements Directive (CRD5) and Regulation (CRR2), the revised Bank Recovery and Resolution Directive (BRRD2), the Securitization Regulation, the Deposit Guarantee Schemes Directive (DGSD), the Mortgage Credit Directive (MCD), the PSD 2, the Wire Transfer Regulation (WTR), and the Anti Money Laundering (AML) Directive, along with any related technical standards that EBA has developed and adopted.
Related Link: Single Rulebook Q&A
Keywords: Europe, EU, Banking, Q&A, Single Rulebook, Reporting, Liquidity Risk, Credit Risk, CRR, PSD2, COREP, FINREP, Basel, EBA
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The European Commission (EC) published the Delegated Regulation 2022/25, which supplements the Investment Firms Regulation (IFR or Regulation 2019/2033) with respect to the regulatory technical standards specifying the methods for measuring the K-factors referred to in Article 15 of the IFR.
The Bank of International Settlements (BIS) published a paper that assesses the ways in which platform-based business models can affect financial inclusion, competition, financial stability and consumer protection.
The European Supervisory Authorities (ESAs) published the list of identified financial conglomerates for 2021.
The Australian Prudential Regulation Authority (APRA) granted license to Barclays Bank PLC and Crédit Agricole Corporate and Investment Bank to operate as foreign authorized deposit-taking institutions under the Banking Act 1959.
EU published, in the Official Journal of the European Union, a corrigendum to the Delegated Regulation 2015/35, which supplements Solvency II Directive (2009/138/EC).
The European Banking Authority (EBA) published an Opinion on the scale and impact of de-risking in European Union and the steps that competent authorities should take to tackle unwarranted de-risking.
The French Financial Markets Authority (AMF) published its 2022 work priorities, along with the supervisory priorities for 2022.
The U.S. Department of the Treasury issued a determination on a request for an exemption, by RBC US Group Holdings LLC, from certain requirements of the rule implementing the qualified financial contracts (QFC) recordkeeping requirements under the Dodd-Frank Act.
The Financial Conduct Authority (FCA) announced that publication of 24 LIBOR settings has ended and that, going forward, the 6 most widely used sterling and Japanese yen settings will be published using a changed methodology.
The People’s Bank of China (PBC) formulated the recently issued Fintech Development Plan (2022 to 2025) under the Outline of the 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives through the Year 2035.