Featured Product

    BaFin and Bundesbank Consult on Minimum Requirements for Recovery Plan

    April 25, 2019

    BaFin and Bundesbank are consulting on draft "leaflet" and draft regulation on the minimum requirements for recovery plans for institutions and investment firms (MaSanV). Responses are requested by May 24, 2019.

    The draft "leaflet" for the recovery plan contains explanation on the interaction of the regulations of the MaSanV and the immediately applicable Delegated Regulation (EU) No 2016/1075. For reasons of legality, these explanations cannot be made in the MaSanV. The MaSanV is structured into four sections. Section 1 contains general rules for all recovery plans, particularly the scope of MaSanV and definitions. Section 2 deals with the full requirements for recovery plans that apply to all potentially systemic institutions (PSI). In particular, the MaSanV sets EBA guidelines on the range of scenarios to be used in recovery plans (EBA/GL/2014/06) and the EBA guidelines on the minimum list of qualitative and quantitative indicators of the recovery plan (EBA/GL/2015/02) into German law. Some provisions of the Delegated Regulation (EU) No 2016/1075 are specified in more detail in the MaSanV by supplementary regulations. Section 3 deals with the simplified requirements, which the supervisory authority can lay down for non-PSI. The provisions of Section 4 concern the request for exemption, the conditions for exemption, and the substantive requirements for the recovery plan.

    Pursuant to Section 12(1) of the Restructuring and Settlement Act (SAG), all credit institutions and investment firms subject to the European Capital Requirements Regulation (CRR) must draw up a restructuring plan. For institutions that are not potentially systemic, the regulator may set simplified requirements. If such institutions belong to an institution-specific security system, they can also be completely relieved of the restructuring plan.

     

    Related Links (in German)

    Comment Due Date: May 24, 2019

    Keywords: Europe, Germany, Banking, Securities, Minimum Requirements, Recovery Planning, CRR, Bundesbank, BaFin

    Related Articles
    News

    PRA Revises Branch Return and Updates Guidance for Regulatory Reports

    PRA published the policy statement PS17/19, which contains the final policy related to changes in the format and content of the Branch Return Form and reporting guidance.

    September 12, 2019 WebPage Regulatory News
    News

    FINMA Outlines Treatment of Stablecoins in Supplement to Guide on ICO

    FINMA published a supplement to its initial coin offerings (ICOs) guidelines, outlining the treatment for stablecoins under the Swiss supervisory law.

    September 11, 2019 WebPage Regulatory News
    News

    Ursula von der Leyen Presents Structure of Next European Commission

    President-elect Ursula von der Leyen has presented her team and the new structure of the next European Commission.

    September 10, 2019 WebPage Regulatory News
    News

    FED Proposes to Revise and Extend Reporting Form on Systemic Risk

    FED proposed to extend for three years, with revision, the Banking Organization Systemic Risk Report (FR Y-15; OMB No. 7100-0352).

    September 10, 2019 WebPage Regulatory News
    News

    EBA Issues Revised List of Validation Rules for Reporting

    EBA published the revised list of validation rules (version 2.9) in its implementing technical standards on supervisory reporting.

    September 10, 2019 WebPage Regulatory News
    News

    Bundesbank Publishes Supplementary Validation Rules for Reporting

    Bundesbank published the updated document containing supplementary validation rules in the context of the implementation of the reporting system at national level.

    September 10, 2019 WebPage Regulatory News
    News

    APRA Licenses Xinja Bank as Authorized Deposit-Taking Institution

    APRA granted Xinja Bank Limited a license to operate as an authorized deposit-taking institution without restrictions, under the Banking Act 1959.

    September 09, 2019 WebPage Regulatory News
    News

    FDIC Proposes Revisions to Regulations on Interest Rate Restrictions

    FDIC proposed revisions to its regulations covering interest rate restrictions that apply to less than well-capitalized insured depository institutions.

    September 09, 2019 WebPage Regulatory News
    News

    EBA Intends to Clarify End-Treatment of Grandfathered Instruments

    EBA announced its intention to clarify the prudential treatment applicable to own funds instruments at the end of the grandfathering period, which expires on December 31, 2021.

    September 09, 2019 WebPage Regulatory News
    News

    IMF Releases Reports on 2019 Article IV Consultation with Saudi Arabia

    IMF published its staff report and selected issues report in context of the 2019 Article IV consultation with Saudi Arabia.

    September 09, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 3799