EBA updated the Single Rulebook Q&A tool to reflect the revised Capital Requirements Directive CRD 5, the revised Capital Requirements Regulation CRR 2, and the revised Bank Recovery and Resolution Directive BRRD 2. EBA will now allow questions related to these legislations to be submitted, as they have been published in the Official Journal of the European Union. The questions submitted in the Q&A tool on the above-mentioned legislative texts should, as of August 02, 2019, pertain to the texts (and use references) as amended/updated. The Interactive Single Rulebook will be updated in due course.
The submitted questions should focus on provisions that are already applicable. For questions on issues whose application date lies in the future, EBA may defer the processing of the questions to a later stage. The processing of questions and the response time may also depend on the overall number of questions that will be received on the amended texts. Institutions, supervisors, and other stakeholders can use the Single Rulebook Q&A tool for submitting questions on CRD 5, CRR 2, BRRD 2, and the related technical standards that have been developed and adopted by EBA. The overall objective of the Q&A tool is to ensure consistent and effective application of the new regulatory framework across the Single Market and, hence, contribute to the building of the Single Rulebook in banking.
Keywords: Europe, EU, Single Rulebook, Q&A, CRR 2, BRRD 2, CRD 5, EBA
Previous ArticleECB Updates List of Supervised Entities in EU in August 2019
BCBS amended the guidelines on sound management of risks related to money laundering and financing of terrorism (ML/FT).
US Agencies (Farm Credit Administration, FDIC, FED, FHFA, and OCC) finalized changes to the swap margin rule to facilitate implementation of prudent risk management strategies at banks and other entities with significant swap activities.
PRA published a letter that builds on the expectations set out in the supervisory statement (SS3/19) on enhancing banks' and insurers' approaches to managing the financial risks from climate change.
EBA finalized the guidelines on treatment of structural foreign-exchange (FX) positions under Article 352(2) of the Capital Requirements Regulation (CRR).
FSB published a statement on the impact of COVID-19 pandemic on global benchmark transition.
IAIS published the list of Internationally Active Insurance Groups (IAIGs) publicly disclosed by group-wide supervisors.
FED has temporarily revised the reporting form on consolidated financial statements for holding companies (FR Y-9C; OMB No. 7100-0128).
EC launched a consultation on the review of the key elements of Solvency II Directive, with the comment period ending on October 21, 2020.
ECB launched a consultation on the guide that sets out supervisory approach to consolidation projects in the banking sector.
IAIS published technical specifications, questionnaires, and templates for 2020 Insurance Capital Standard (ICS) and Aggregation Method data collections.