CSSF published a circular (CSSF 19/729) that updates the circular CSSF 14/593 on supervisory reporting requirements applicable to credit institutions. The amendments to Circular CSSF 14/593 have been provided in the Annex to this circular (CSSF 19/729). The amendments include update of Schedule 2, with the addition of sub-table F22.02 (Assets affected by the services provided) in the oversimplified version.
Related Link (in French): Circular CSSF 19/729 (PDF)
Keywords: Europe, Luxembourg, Banking, Reporting, Supervisory Reporting, IFRS 9, Finrep, IAS 39, CSSF
EBA published a report on the implementation of selected COVID-19 policies within the prudential framework for banking sector.
BCBS published the eighteenth progress report on implementation of the Basel III regulatory framework in member jurisdictions.
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.