Featured Product

    EBA Publishes Detailed Work Program for 2019

    October 23, 2018

    EBA published its detailed work program for 2019. The work program describes the specific activities and tasks of EBA for the coming year and highlights the key strategic areas of work from 2019 to 2021.

    The policy work, in 2019, will be focused on further efforts in implementing the proportionality principle, strengthening supervisory convergence and integrity of the Single Rulebook, enhancing consumer protection, and preparing for the withdrawal of the UK from EU. The following will be the strategic areas of focus:

    • Leading the Basel III implementation in EU
    • Understanding risks and opportunities arising from financial innovation
    • Collecting, disseminating, and analyzing banking data
    • Ensuring a smooth relocation of EBA to Paris
    • Fostering the increase of the loss-absorbing capacity of the EU banking system

    With regard to leading the Basel III implementation, the development of the Single Rulebook and its effective and consistent application will remain the core business of EBA during 2019. EBA is still likely to have a significant amount of regulatory mandates in the coming three years, following the endorsement of the CRDV-CRR2-BRRD2 package and the preparation of the implementation of the Basel III framework. Additionally, to improve the loss-absorbing capacity of the EU banking system, EBA will ensure that minimum requirement for own funds and eligible liabilities (MREL) decisions taken by resolution authorities are supported by credible and consistent resolution-planning work and by clarity on the expected composition and quality of MREL, in terms of both subordination and, if applicable, other eligibility criteria and potential exclusions.

     

    Related Links

    Keywords: Europe, EU, Banking, Work Program, Proportionality, Single Rulebook, Supervisory Convergence, Brexit, CRDV-CRR2-BRRD2 Package, Basel III, EBA

    Featured Experts
    Related Articles
    News

    MAS Amends Notice 610 on Reporting Templates for Banks in Singapore

    MAS published amendments to Notices 610 and 1003 related to submission of statistics and returns, along with the reporting templates and frequently asked questions (FAQs) associated with these Notices.

    January 24, 2020 WebPage Regulatory News
    News

    HKMA Updates Policy Module on Supervisory Review Process

    HKMA is issuing, by notice in the Gazette, revised versions of two Supervisory Policy Manual modules as statutory guidelines under section 7(3) of the Banking Ordinance. The Supervisory Policy Manual modules are CA-G-5 on “Supervisory Review Process” and SB-2 on “Leveraged Foreign Exchange Trading.”

    January 24, 2020 WebPage Regulatory News
    News

    PRA Amends Pillar 2 Capital Framework for Banks

    PRA published the policy statement PS2/20 that contains the final amendments to the Pillar 2 framework and provides feedback to responses to the consultation paper CP5/19 on updates related to Pillar 2 capital framework.

    January 23, 2020 WebPage Regulatory News
    News

    FED Proposes to Revise Information Collection Under Market Risk Rule

    FED proposed to revise and extend, for three years, FR 4201, which is the information collection under the market risk capital rule.

    January 22, 2020 WebPage Regulatory News
    News

    HKMA Consults on Stay Rules on Financial Contracts Under FIRO

    HKMA published proposals for making rules related to contractual stays on termination rights in financial contracts for authorized institutions under FIRO or the Financial Institutions (Resolution) Ordinance (Cap. 628).

    January 22, 2020 WebPage Regulatory News
    News

    MAS Amends Notices on Minimum Liquid Asset Requirements for Banks

    MAS published amendments to Notices 1015, 613, and 649 related to the minimum liquid assets (MLA) requirements.

    January 21, 2020 WebPage Regulatory News
    News

    APRA Publishes Submission on Fintech and Regtech

    APRA published its submission, to the Senate Select Committee, on financial technology and regulatory technology.

    January 21, 2020 WebPage Regulatory News
    News

    OSFI to Implement Operational Risk Capital Rules for Banks in Q1 2022

    OSFI decided to move domestic implementation of the revised Basel III operational risk capital requirements from the first quarter of 2021 to the first quarter of 2022.

    January 20, 2020 WebPage Regulatory News
    News

    ECB Consults on Guideline on Threshold for Credit Obligations Past Due

    ECB published a draft guideline, along with the frequently asked questions (FAQs), on the definition of the materiality threshold for credit obligations past due for less significant institutions.

    January 20, 2020 WebPage Regulatory News
    News

    OSFI Consults on Instruction Guide for Termination of Pension Plan

    OSFI is consulting on draft revisions to the instruction guide for termination of a defined benefit pension plan.

    January 20, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 4526