BaFin issued the consultation 17/2020 on external bail-in implementation in Germany. The consultation document offers an overview of the actors involved and outlines their responsibilities for external bail-in implementation. It further provides an overview of the overall process of external bail-in implementation in accordance with the requirements of the resolution order and describes the operational implementation of the external bail-in implementation by the actors involved and their specific tasks. Responses on the consultation are requested by January 15, 2021. In addition, in response to the COVID-19 pandemic, BaFin welcomed the ECB recommendation and advised the less significant German institutions to consider not distributing dividends and profits, or to limit such distributions.
Related Links (in German)
Comment Due Date: January 15, 2021
Keywords: Europe, Germany, Banking, Bail-In, Dividend Distribution, COVID-19, Resolution Framework, ECB, BaFin
Leading economist; commercial real estate; performance forecasting, econometric infrastructure; data modeling; credit risk modeling; portfolio assessment; custom commercial real estate analysis; thought leader.
Previous ArticleAPRA Publishes Capital Management Guidance and Stress Test Results
The European Banking Authority (EBA) launched the 2023 European Union (EU)-wide stress test, published annual reports on minimum requirement for own funds and eligible liabilities (MREL) and high earners with data as of December 2021.
The European Banking Authority (EBA) proposed implementing technical standards on the interest rate risk in the banking book (IRRBB) reporting requirements, with the comment period ending on May 02, 2023.
The U.S. Federal Reserve Board (FED) set out details of the pilot climate scenario analysis exercise to be conducted among the six largest U.S. bank holding companies.
The Board of Governors of the Federal Reserve System (FED) adopted the final rule on Adjustable Interest Rate (LIBOR) Act.
The European Central Bank (ECB) published an updated list of supervised entities, a report on the supervision of less significant institutions (LSIs), a statement on macro-prudential policy.
The Hong Kong Monetary Authority (HKMA) published a circular on the prudential treatment of crypto-asset exposures, an update on the status of transition to new interest rate benchmarks.
The European Commission (EC) adopted the standards addressing supervisory reporting of risk concentrations and intra-group transactions, benchmarking of internal approaches, and authorization of credit institutions.
The China Banking and Insurance Regulatory Commission (CBIRC) issued rules to manage the risk of off-balance sheet business of commercial banks and rules on corporate governance of financial institutions.
The Hong Kong Monetary Authority (HKMA) made announcements to address sustainability issues in the financial sector.
The European Banking Authority (EBA) published regulatory standards on identification of a group of connected clients (GCC) as well as updated the lists of identified financial conglomerates.