The European Banking Authority (EBA) Single Rulebook Question and Answer (Q&A) tool updates for this month include answer to one question related to the reporting of shadow banking positions under the EBA Taxonomy 3.0. The answer notes that institutions are required to report information on the 10 largest exposures on a consolidated basis and on the 10 largest exposures to shadow banking entities that carry out banking activities outside the regulated framework on a consolidated basis, in accordance with Article 394(2) of Capital Requirements Regulation (575/2013). The type of the counterparty of the ten largest exposures to institutions and the ten largest exposures to shadow banking entities shall be specified by using “I” for institutions or “S” for shadow banking entities that carry out banking activities outside the regulated framework, as mentioned in the reporting instructions for template C27.00, Column 070.
The overall objective of the Q&A tool is to ensure consistent and effective application of regulatory framework across the Single Market. Institutions, supervisors, and other stakeholders can use the Single Rulebook Q&A tool to submit questions on certain EU regulations and directives. These regulations and directives include the revised Capital Requirements Directive (CRD5) and Regulation (CRR2), the revised Bank Recovery and Resolution Directive (BRRD2), the Securitization Regulation, the Deposit Guarantee Schemes Directive (DGSD), the Mortgage Credit Directive (MCD), the second Payment Services Directive (PSD 2), the Wire Transfer Regulation (WTR), and the Anti Money Laundering (AML) Directive, along with any related technical standards that EBA has developed and adopted.
Related Link: Single Rulebook Q&A
Keywords: Europe, EU, Banking, Q&A, Single Rulebook, Reporting, CRR, Basel, Large Exposures, Taxonomy 3.0, Shadow Banking, EBA
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