ECB updated a list that contains significant supervised entities under the direct ECB supervision (part A) as well as the less significant supervised entities under the indirect ECB supervision (Part B). The number of significant institutions directly supervised by ECB stands at 116. The list has been compiled on the basis of significance decisions that have been adopted and notified by ECB to the supervised entity and that have become effective up to the cut-off date of September 01, 2019.
ECB reviews certain parameters that determine whether a credit institution or a group fulfills any of the significance criteria according to the SSM Framework Regulation (EU Regulation No 468/2014). In the SSM framework, the types of supervised banks are referred to as credit institutions, financial holding companies, mixed financial holding companies, and a branch established in a participating member state by a credit institution that is established in a non-participating member state. ECB updates the list of supervised entities regularly and the list reflects status of banks at the given cut-off date. This date does not necessarily coincide with the date of the actual decision on the significance of a bank.
Related Link: List of Supervised Entities (PDF)
Keywords: Europe, EU, Banking, Banking Supervision, SSM, Significant Institutions, Less Significant Institutions, ECB
BoE published a statistical notice (Notice 2020/9) explaining the approach for treatment of payment holidays on the profit and loss return or Form PL.
BoE updated the known issues document for the statistical reporting Forms AS and FV.
FED announced individual capital requirements for 34 large banks and these requirements go into effect on October 01, 2020.
SRB published a set of documents to give operational guidance to banks on implementation of the bail-in tool.
BIS published an update on the G20 TechSprint Initiative, which was launched in April 2020 and aims to highlight the potential for technologies to resolve regulatory compliance (regtech) and supervisory (suptech) challenges.
OSFI published a letter that provides an update on the milestones for the implementation of the IFRS 17 standard on insurance contracts.
EBA updated the report on the implementation of selected COVID-19 policies.
The Financial Stability Institute (FSI) of BIS published a brief note that examines the supervisory challenges associated with certain temporary regulatory relief measures introduced by BCBS and prudential authorities in response to the COVID-19 pandemic.
BCBS is consulting on the principles for operational resilience and the revisions to the principles for sound management of operational risk for banks.
BoE updated the reporting template for Form ER as well as the Form ER definitions, which contain guidance on the methodology to be used in calculating annualized interest rates.