EBA published answers to thirteen questions under the Single Rulebook question and answer (Q&A) updates for this week. The key topics covered are classification of expected credit loss (ECL) on debt instruments under IFRS 9; strong customer authentication and common and secure communication (including access); and supervisory reporting.
The overall objective of the Q&A tool is to ensure consistent and effective application of the new regulatory framework across the Single Market. Institutions, supervisors, and other stakeholders can use the Single Rulebook Q&A tool for submitting questions on Capital Requirements Directive IV (CRD IV), Capital Requirements Regulation (CRR), and the related technical standards developed by EBA and adopted by EC.
Related Link: Single Rulebook
Keywords: Europe, EU, Banking, CRR, Single Rulebook, Q&A, Reporting, IFRS 9, EBA
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