EBA updated the Single Rulebook question and answer (Q&A) tool with answers to three questions. The answers provide clarifications regarding certain aspects of supervisory reporting, securitization regulation, 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 Capital Requirements Directive 5 (CRD 5), CRR 2, Bank Recovery and Resolution 2 (BRRD 2), Securitization Regulation, Deposit Guarantee Schemes Directive (DGSD), Mortgage Credit Directive (MCD), Payment Services Directive (PSD) 2, and the related technical standards that have been developed by EBA and adopted.
Related Link: Single Rulebook Q&A
Keywords: Europe, EU, Banking, CRR 2, Securitization Regulation, PSD 2, Single Rulebook, Q&A, Reporting, EBA
Previous ArticleDietrich Domanski of FSB on Priorities for International Cooperation
APRA is consulting on the reporting standard for credit risk management (ARS 220.0).
FCA and PRA in the UK, FED in the US, and the authorities in Singapore have fined Goldman Sachs for risk management failures in connection with the 1Malaysia Development Berhad (1MDB).
ISDA launched the IBOR Fallbacks Supplement and the IBOR Fallbacks Protocol, with both becoming effective on January 25, 2021.
BCBS announced that OSFI and the Bank of Canada hosted the 21st International Conference of Banking Supervisors (ICBS) virtually on October 19-22, 2020.
FCA proposed guidance on how firms should continue to seek to help customers who hold insurance and premium finance products and may be in financial difficulty because of COVID-19, after October 31, 2020.
EBA issued an opinion on prudential treatment of the legacy instruments as the grandfathering period nears an end on December 31, 2021.
ESRB published the fifth issue of the EU Non-bank Financial Intermediation Risk Monitor 2020 (NBFI Monitor).
HM Treasury announced that the new Financial Services Bill has been introduced in the Parliament.
APRA announced that it has increased the minimum liquidity requirement of Bendigo and Adelaide Bank for failing to comply with the prudential standard on liquidity.
Ambassadors of EU member states agreed on the mandate of European Council on the Capital Markets Recovery Package, to support economic recovery from the COVID-19 crisis.