Featured Product

    BaFin Publishes Form and Guide for Less Significant Institutions

    October 10, 2019

    BaFin published the form and instructions (guide) for reporting of the recovery plans of the less significant institutions. The recovery plan form is used to facilitate remediation planning according to simplified requirements while the guide will help these institutions to prepare their recovery plans under the simplified requirements under the Restructuring and Settlement (Sanierungsund Abwicklungsgesetz or SAG) Act. Institutions that are neither financial institutions posing a potential systemic risk nor high-priority less significant institutions are subject to simplified requirements for the recovery plans under this Act. These institutions do not need to submit a full text-based recovery plan, but only the Excel sheet with all the required information, as specified in the guide.

    The Excel format is suitable both for individual remediation plans and group rehabilitation plans pursuant to the SAG Act. As per the requirements in the Excel form, the recovery plans should comply with the requirements of SAG Act, Delegated Regulation (EU) No. 2016/1075, and the Minimum Requirements Regulation to Recovery Plans for Institutions and Investment Firms (MaSanV). The tables provided in the format comprise the core elements of the reorganization planning of institutions that can use simplified requirements and structure them uniformly. BaFin, however, can, if necessary, demand additional or more detailed information as well as descriptions of the operative design of individual points. The form is provided via the portal of the Reporting and publishing platform (MVP-Portal). 

     

    Related Links (in German)

    Keywords: Europe, Germany, Banking, Less Significant Institutions, Restructuring and Settlement Act, Reporting, Recovery Planning, Instructions, BaFin

    Featured Experts
    Related Articles
    News

    APRA Consults to Standardize Submission Date for Quarterly Reporting

    APRA proposed to standardize quarterly reporting due dates for authorized deposit-taking institutions. The proposed standardized due date is 35 calendar days after the last day of the reference quarter, which will create a 14-calendar-day extension for credit unions and building societies.

    November 08, 2019 WebPage Regulatory News
    News

    EBA Publishes Methodology and Draft Templates for Stress Tests in 2020

    EBA published a package for the 2020 EU-wide stress test exercise for banks.

    November 07, 2019 WebPage Regulatory News
    News

    EC Publishes Results of Fitness Check of Reporting Requirements in EU

    EC published results of the fitness check of supervisory reporting requirements in financial services legislation in EU.

    November 07, 2019 WebPage Regulatory News
    News

    BCBS Assesses NSFR and LE Rules in Argentina and China as Compliant

    BCBS published reports that assess the implementation of net stable funding ratio (NSFR) and large exposures, or LE, framework in Argentina and China.

    November 07, 2019 WebPage Regulatory News
    News

    FSB Publishes Summary of Plenary Meeting in Paris

    At the meeting, the Plenary reviewed vulnerabilities in the global financial system, fintech developments (including developments in the crypto-asset markets), ongoing work of FSB, and the work program for 2020.

    November 07, 2019 WebPage Regulatory News
    News

    HKMA Highlights Technology Initiatives at the Hong Kong FinTech Week

    HKMA co-organized, with InvestHK, the Hong Kong FinTech Week 2019, which was a five-day flagship fintech event that attracted thousands of attendees worldwide.

    November 06, 2019 WebPage Regulatory News
    News

    ECB Report on Fallback Provisions in Contracts Referencing EURIBOR

    ECB published a report, by private sector working group on euro risk-free rates, presenting recommendations for fallback provisions in contracts for cash products and derivative transactions referencing EURIBOR.

    November 06, 2019 WebPage Regulatory News
    News

    EC Regulation on Homogeneity of Underlying Exposures in Securitization

    EC published the Delegated Regulation 2019/1851 regarding the regulatory technical standards on the homogeneity of the underlying exposures in securitization.

    November 06, 2019 WebPage Regulatory News
    News

    FSI Examines Regulatory Approaches on Climate Risk Assessment

    The Financial Stability Institute (FSI) of BIS published a paper that examines the regulatory approaches being used for climate risk assessment in the insurance sector, in particular through enterprise risk management (ERM) frameworks.

    November 06, 2019 WebPage Regulatory News
    News

    SRB Launches Q&A Process for Resolution Reporting

    SRB has setup a dedicated solution for raising questions on the resolution reporting.

    November 06, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 4112