EBA updated the online Interactive Single Rulebook and the Q&A tool with the inclusion of simple, transparent, and standardized (STS) Securitization Regulation. EBA will now allow users to review all its final technical standards and guidelines associated with the Securitization Regulation. The inclusion of the Securitization Regulation into the Q&A tool will allow users to submit any question regarding the application of the Securitization Regulation and EBA's work related to this regulation.
Other rules covered in the Interactive Single Rulebook include the Capital Requirements Regulation and Directive (CRR 2 and CRD 5), Bank Recovery and Resolution Directive (BRRD) 2, the Deposit Guarantee Schemes Directive (DGSD), Mortgage Credit Directive (MCD), and Payment Services Directive (PSD) 2. The interactive Single Rulebook provides a comprehensive compendium of the level 1 text of the legislation and the corresponding technical standards developed by EBA and adopted by EC, in addition to the EBA Guidelines and related Q&As. In addition, the Single Rulebook Q&A tool of EBA contributes to the completion of the legislative framework by ensuring that any remaining regulatory loopholes are addressed. The process is based on close and ongoing interaction with EC to ensure that responses in the Q&A tool are fully consistent with the EU legislative texts.
Keywords: Europe, EU, Banking, Interactive Single Rulebook, Q&A, Securitization Regulation, EBA
BCBS published a technical amendment to the capital treatment of securitizations of non-performing loans by banks.
BoE announced that the Data and Statistics Division is planning to move collection of statistical data to the BoE Electronic Data Submission (BEEDS) portal.
APRA published the updated reporting standards and guidance for the collection of Economic and Financial Statistics (EFS), following a consultation process. Also published was a response letter to the feedback received on the proposal for amending the EFS reporting standards and guidance.
EC is consulting on a draft delegated regulation to supplement the Taxonomy Regulation (2020/852) by establishing the technical screening criteria for determining the conditions under which an economic activity qualifies as environmentally sustainable.
The IFRS Foundation published material highlighting the ways in which existing requirements in IFRS standards require companies to consider climate-related matters when their effect is material to the financial statements.
EBA published a report analyzing the impact of the unwind mechanism of the liquidity coverage ratio (LCR) for a sample of European banks over a three-year period, from the end of 2016 to the first quarter of 2020.
In response to questions from a member of the European Parliament, the ECB President Christine Lagarde issued a letter clarifying the possibility of amending the AnaCredit Regulation and making targeted longer-term refinancing operations (TLTROs) dependent on the climate-related impact of bank loans.
IASB started the post-implementation review of the classification and measurement requirements in IFRS 9 on financial instruments and added the review as a project to its work plan.
FSB published a report that examines progress in implementing policy measures to enhance the resolvability of systemically important financial institutions.
EBA published a report on the benchmarking of national loan enforcement frameworks across 27 EU member states, in response to the call for advice from EC.