The Bank of Slovenia, FIN-FSA, and MNB notified ECB and ESRB about the application of certain macro-prudential measures in their respective jurisdictions. Bank of Slovenia notified the EU authorities about amendment to the macro-prudential restrictions on household lending amid COVID-19 pandemic while FIN-FSA issued notification related to the loan-to-collateral ratio. In June 2020, FIN-FSA Board decided to adjust the loan-to-collateral ratio to the statutory standard level of 90%. In its notification, MNB announced restoration of the Foreign Exchange Funding Adequacy Ratio (FFAR) and the Foreign Exchange Coverage Ratio (FECR) requirements to their earlier state and modification of the Interbank Funding Ratio.
Additionally, the Central Bank of Cyprus and Financial Market Authority (FMA) Liechtenstein notified EBA, ECB, and ESRB about their decisions on the identification of other systemically important institutions (O-SIIs) and setting of the O-SII buffers. Central Bank of Cyprus and Financial Market Authority Liechtenstein announced the list of identified O-SII institutions, their respective overall scores, and the respective buffer rates. The O-SII institutions identified by the Central Bank of Cyprus are Renaissance Securities (Cyprus) Ltd, BrokerCreditService (Cyprus) Ltd, SIB (Cyprus) Ltd, Etoro (Europe) Ltd, and Alfa Capital Holdings (Cyprus) Ltd. The O-SII institutions identified by the Financial Market Authority Liechtenstein are LGT Bank AG, Liechtensteinische Landesbank AG, and VP Bank AG.
- Bank of Slovenia Notification (PDF)
- FIN-FSA Notification (PDF)
- MNB Notification (PDF)
- Central Bank of Cyprus Notification (PDF)
- FMA Liechtenstein Notification (PDF)
Keywords: Europe, EU, Finland, Hungary, Slovenia, Cyprus, Banking, O-SII, Macro-Prudential Policy, Basel, Regulatory Capital, COVID-19, MNB, FIN-FSA, ECB, EBA, ESRB
Previous ArticleSNB Updates Reporting Forms for Liquidity Monitoring Tools
PRA published a statement that explains when to expect further information on the PRA approach to transposing the Capital Requirements Directive (CRD5), including its approach to revisions to the definition of capital for Pillar 2A.
SRB published the work program for 2021-2023, setting out a roadmap to further operationalize the Single Resolution Fund and to achieve robust resolvability of banks under its remit over the next three years.
EIOPA is consulting on the relevant ratios to be mandatorily disclosed by insurers and reinsurers falling within the scope of the Non-Financial Reporting Directive as well as on the methodologies to build these ratios.
HM Treasury extended the consultation period on Phase II of the Future Regulatory Framework (FRF) Review, from January 19, 2021 to February 19, 2021.
The Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of BCBS, endorsed a coordinated approach to mitigate COVID-19 risks to the global banking system.
US Agencies (FDIC, FED, and OCC) issued a joint statement encouraging banks to cease entering into new contracts that use USD LIBOR as a reference rate as soon as practicable and in any event by December 31, 2021, to facilitate an orderly LIBOR transition.
ECB finalized guidance on the way it expects banks to prudently manage and transparently disclose climate and other environmental risks under the current prudential rules.
BCBS published a technical amendment to the capital treatment of securitizations of non-performing loans by banks.
PRA published the policy statement PS23/20 on the calculation of stressed value at risk (sVAR) and risks not in value at risk (RNIV) under the market risk framework.
BoE announced that the Data and Statistics Division is planning to move collection of statistical data to the BoE Electronic Data Submission (BEEDS) portal.