Featured Product

    EBA Issues Opinion on Measures to Address Macro-Prudential Risk by CBC

    December 13, 2017

    EBA published an Opinion following the notification by the Central Bank of Cyprus (CBC) of its intention to apply stricter liquidity requirements to address an increase in macro-prudential risk, based on Article 458 of the Capital Requirements Regulation (CRR). EBA welcomes the intention of CBC to closely monitor the gradual release of liquidity and liquidity positions of Cypriot banks and to take any necessary actions in the future.

    CBC notified EBA of its intention to tighten some elements in the calculation of the liquidity coverage ratio (LCR), in the form of an add-on, by setting stricter inflow and outflow rates than those defined in the Commission Delegated Regulation (EU) 2015/61 on liquidity coverage requirement for credit Institutions. The objective of the measure is to ensure that from January 01, 2018 there is a gradual release of the excess liquidity stemming from the lower liquidity requirements envisaged by the fully phased-in LCR, compared to the current liquidity requirements in force in Cyprus. In its Opinion, addressed to the European Council, EC, and CBC, EBA acknowledges the changes in the intensity of macro-prudential or systemic risks in the Cypriot economy as well as the potential threat to financial stability that could result from a sudden release of excess liquidity.

     

    Related Links

    Keywords: Europe, EU, Banking, CRR, LCR, Liquidity Risk, Systemic Risk, Macroprudential Risk, EBA

    Featured Experts
    Related Articles
    News

    MAS Concludes Blockchain Payments Prototype Shows Commercial Potential

    MAS and Temasek jointly released a report to mark the successful conclusion of the fifth and final phase of Project Ubin, which focused on building a blockchain-based multi-currency payments network prototype.

    July 13, 2020 WebPage Regulatory News
    News

    PRA Publishes Public Working Draft of XBRL Taxonomy 1.2.0 for Insurers

    PRA published a public working draft, or PWD, of version 1.2.0 of the BoE Insurance XBRL taxonomy, along with the related technical artefacts.

    July 13, 2020 WebPage Regulatory News
    News

    CPMI Report Sets Out Building Blocks to Enhance Cross-Border Payments

    CPMI published a report that sets out nineteen building blocks for a global roadmap to improve cross-border payments.

    July 13, 2020 WebPage Regulatory News
    News

    EBA Publishes Phase 2 of Technical Package on Reporting Framework 2.10

    EBA published phase 2 of the technical package on the reporting framework 2.10, providing the technical tools and specifications for implementation of EBA reporting requirements.

    July 10, 2020 WebPage Regulatory News
    News

    APRA Updates Reporting Validation Rules in July 2020

    APRA updated the lists of the Direct to APRA (D2A) validation rules for authorized deposit-taking institutions, insurers, and superannuation entities.

    July 10, 2020 WebPage Regulatory News
    News

    PRA to Partly Apply EBA Guidelines on Disclosures for COVID Measures

    PRA updated the statement that provides guidance to regulated firms on implementation of the EBA guidelines on reporting and disclosure of exposures subject to measures applied in response to the COVID-19 crisis.

    July 10, 2020 WebPage Regulatory News
    News

    EBA Updates List of Correlated Currencies Under CRR

    EBA updated the 2019 list of closely correlated currencies that was originally published in December 2013.

    July 10, 2020 WebPage Regulatory News
    News

    ESMA Guides on Securitization Repository Data Consistency Thresholds

    ESMA published the final report on the guidelines on securitization repository data completeness and consistency thresholds.

    July 10, 2020 WebPage Regulatory News
    News

    FASB Proposes to Delay Implementation of Insurance Contracts Standard

    FASB issued a proposed Accounting Standards Update that would grant insurance companies, adversely affected by the COVID-19 pandemic, an additional year to implement the Accounting Standards Update No. 2018-12 on targeted improvements to accounting for long-duration insurance contracts, or LDTI (Topic 944).

    July 09, 2020 WebPage Regulatory News
    News

    APRA Updates Regulatory Approach to Loan Deferrals Amid COVID Crisis

    APRA updated the regulatory approach for loans subject to repayment deferrals amid the COVID-19 crisis.

    July 09, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5479