ESMA published the regulatory work program for 2019. The work program provides an overview of ESMA’s Single Rulebook work. It lists all the technical standards and technical advice that ESMA has been mandated to draft by the relevant legislation. Among others, this work program lists planned activities in the areas of STS Securitization Regulation, Capital Requirements Regulation, and Sustainable Finance Action Plan.
Annex I of the regulatory work program lists the mandates for technical standards and technical advice that are contained within legislative proposals. ESMA will begin work on those mandates once the legislation has been adopted. Annex II gives the full references for the legislation in force that is referred to in this regulatory work program. Finally, Annex III gives the full references for the legislative proposals that have not yet been adopted.
Related Link: Regulatory Work Program
Keywords: Europe, EU, Banking, Securities, CRR, Securitization Regulation, Sustainable Finance, ESMA
EBA finalized the two sets of draft regulatory technical standards on the identification of material risk-takers and on the classes of instruments used for remuneration under the Investment Firms Directive (IFD).
EC published, in the Official Journal of the European Union, a notification that the European Court of Auditors (ECA) has published a special report on resolution planning in the Single Resolution Mechanism.
BoE published a scenario against which it will be stress testing banks in 2021, in addition to setting out the key elements of the 2021 stress test, guidance on the 2021 stress test, and the variable paths for the 2021 stress test.
PRA published a consultation paper (CP3/21) proposes rules regarding the timing of identity verification required for eligibility of depositor protection under the Financial Services Compensation Scheme (FSCS).
FSB published the work program for 2021, which reflects a strategic shift in priorities in the COVID-19 environment.
FCA announced that 50% firms have started using the new data collection platform RegData, which is slated to replace the existing platform known Gabriel.
Bundesbank published Version 5.0 of the derivation rules for completeness check at the form level, with respect to the data quality of the European harmonized reporting system.
FED finalized a rule that updates capital planning requirements to reflect the new framework from 2019 that sorts large banks into categories, with requirements that are tailored to the risks of each category.
ECB published results of the quarterly lending survey conducted on 143 banks in the euro area.
ESAs published the final draft implementing technical standards on reporting of intra-group transactions and risk concentration of financial conglomerates subject to the supplementary supervision in EU.