SRB organized its seventh Industry Dialog in Brussels. The Dialog brings together representatives from EU-level and national banking federations and their associates from Banking Union participating member states, representatives from national resolution authorities, EC, European Parliament, and ECB. SRB published presentations from the event. The presentations highlight the SRB work on Minimum Requirement for Own Funds and Eligible Liabilities, or MREL, policy (including expected changes to Liquidity Data Report or LDR), Single Resolution Fund (SRF), and Resolvability Assessment during 2018, along with the next steps and priorities for 2019.
- Press Release
- Presentation on MREL (PDF)
- Presentation on Resolution Fund (PDF)
- Presentation on Resolvability Assessment (PDF)
Keywords: Europe, EU, Banking, MREL, Single Resolution Fund, Resolvability Assessment, LDR, Reporting, SRB
PRA published the policy statement PS8/21, which contains the final supervisory statement SS3/21 on the PRA approach to supervision of the new and growing non-systemic banks in UK.
EBA published a report that sets out the final draft regulatory technical standards specifying the conditions according to which consolidation shall be carried out in line with Article 18 of the Capital Requirements Regulation (CRR).
EBA updated the list of other systemically important institutions (O-SIIs) in EU.
BCBS published two reports that discuss transmission channels of climate-related risks to the banking system and the measurement methodologies of climate-related financial risks.
UK Authorities (FCA and PRA) welcomed the findings of FSB peer review on the implementation of financial sector remuneration reforms in the UK.
PRA and FCA jointly issued a letter that highlights risks associated with the increasing volumes of deposits that are placed with banks and building societies via deposit aggregators and how to mitigate these risks.
MFSA announced that amendments to the Banking Act, Subsidiary Legislation, and Banking Rules will be issued in the coming months, to transpose the Capital Requirements Directive (CRD5) into the national regulatory framework.
EC finalized the Delegated Regulation 2021/598 that supplements the Capital Requirements Regulation (CRR or 575/2013) and lays out the regulatory technical standards for assigning risk-weights to specialized lending exposures.
OSFI launched a consultation to explore ways to enhance the OSFI assurance over capital, leverage, and liquidity returns for banks and insurers, given the increasing complexity arising from the evolving regulatory reporting framework due to IFRS 17 (Insurance Contracts) standard and Basel III reforms.
ECB published results of the benchmarking analysis of the recovery plan cycle for 2019.