Featured Product

    SRB Holds Second Annual Conference on Building Resolvability Together

    December 06, 2017

    SRB held, in Brussels, its second annual conference, “Building Resolvability Together,” and published a report describing the key developments and activities during the conference. The report outlines the topics of discussion during the conference and summarizes the views expressed by various speakers at the conference.

    This event offered an opportunity to assess progress made since the establishment of SRB in January 2015. On September 29, 2017, the conference brought together international panelists to discuss the following:

    • Progress made in establishing banking resolution planning and preparedness
    • Successful efforts of SRB to date. In June 2017, SRB adopted a resolution decision for a failing entity— Banco Popular Español S.A. Done within the framework of the Bank Recovery and Resolution Directive (BRRD) and the Single Resolution Mechanism (SRM) , the act preserved financial stability and ensured the continuity of critical functions in Spain and beyond.
    • The remaining challenges and areas of potential improvement, including alignment of minimum requirement for own funds and eligible liabilities (MREL) and total loss-absorbing capacity (TLAC); the level of flexibility demanded of the BRRD; challenges in setting up Crisis Management Groups; the establishment the European Deposit Insurance Scheme (EDIS); and recovery and resolution of central counterparties. International challenges, including in the context of Brexit, were also discussed.

     

    Related Link: Press Release

     

    Keywords: Europe, EU, Banking, Annual Conference, Resolution Planning, BRRD, SRM, SRB

    Featured Experts
    Related Articles
    News

    APRA to Transition to Annual Stress Testing of Large Banks in 2020

    APRA published key findings of the stress testing assessment conducted on authorized deposit-taking institutions.

    February 21, 2020 WebPage Regulatory News
    News

    EC Consults on Review of Non-Financial Reporting Directive

    EC is launched a consultation on the review of the Non-Financial Reporting Directive or NFRD (Directive 2014/95/EU, as part of its strategy to strengthen sustainable investment in Europe.

    February 20, 2020 WebPage Regulatory News
    News

    EIOPA Consults on Standards for Supervisory Reporting Under PEPP Rule

    EIOPA is consulting on the implementing technical standards for supervisory reporting and cooperation, as mandated by the Pan-European Personal Pension Product (PEPP) Regulation (Regulation 2019/1238).

    February 20, 2020 WebPage Regulatory News
    News

    ECB Report on Transfer of Liquidity from EONIA Products to €STR

    ECB published a report on the transfer of liquidity from the cash and derivatives products of the Euro Overnight Index Average (EONIA) to the Euro Short-Term Rate (€STR).

    February 19, 2020 WebPage Regulatory News
    News

    ESRB Publishes Report on Systemic Cyberattacks

    ESRB published a report that explores systemic implications of cyber incidents, such as cyberattacks.

    February 19, 2020 WebPage Regulatory News
    News

    FSB Chair Sets Out Key Deliverables for G20 Presidency of Saudi Arabia

    FSB published a letter from the Chair Randal K. Quarles to the G20 finance ministers and Central Bank governors ahead of the meetings in Riyadh on February 22-23.

    February 19, 2020 WebPage Regulatory News
    News

    CFTC Proposes Rules on Derivative Position Limits and Swap Execution

    CFTC approved a proposed rule on position limits for derivatives and a proposed rule amending requirements for certain Swap Execution Facilities and real-time reporting.

    February 19, 2020 WebPage Regulatory News
    News

    BIS Appoints Heads of Innovation Hubs in Singapore and Switzerland

    BIS announced key personnel appointments to the Innovation Hubs in Singapore and Switzerland.

    February 19, 2020 WebPage Regulatory News
    News

    BOJ Deputy Governor Speaks on Interest Rate Benchmark Reform in Japan

    The Deputy Governor of BOJ Masayoshi Amamiya spoke in Tokyo about how Japan should proceed with interest rate benchmark reform over the next two years until the end of 2021, when the discontinuation of LIBOR is expected.

    February 19, 2020 WebPage Regulatory News
    News

    OSFI Proposes New Benchmark Rate for Qualifying Uninsured Mortgages

    OSFI announced that it is considering a new benchmark rate for determining the minimum qualifying rate for uninsured mortgages.

    February 18, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 4708