EBA Single Rulebook Q&A: Second Update for October 2019
EBA updated the Single Rulebook question and answer (Q&A) tool with answers to ten questions. The answers provide clarifications on topics related to the credit-impaired financial assets in context of the new FINREP network, the calculation of countercyclical capital buffer, and the second Payment Services Directive (PSD 2).
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 certain EU regulations and directives. These regulations and directives include the revised Capital Requirements Directive 5 (CRD 5), the revised Capital Requirements Regulation (CRR) 2, the revised Bank Recovery and Resolution 2 (BRRD 2), the Securitization Regulation, the Deposit Guarantee Schemes Directive (DGSD), the Mortgage Credit Directive (MCD), the Payment Services Directive (PSD) 2, and the related technical standards that EBA has developed and adopted.
Related Link: Single Rulebook Q&A
Keywords: Europe, EU, Banking, Single Rulebook, Q&A, CRR2, CRD5, PSD2, FINREP, Reporting, EBA
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