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
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The Australian Prudential Regulation Authority (APRA) found that Heritage Bank Limited had incorrectly reported capital because of weaknesses in operational risk and compliance frameworks, although the bank did not breach minimum prudential capital ratios at any point and remains well-capitalized.
The Office of the Superintendent of Financial Institutions (OSFI) released the annual report for 2020-2021.
The Australian Prudential Regulation Authority (APRA) published, along with a summary of its response to the consultation feedback, an information paper that summarizes the finalized capital framework that is in line with the internationally agreed Basel III requirements for banks.
The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) issued a consultative report focusing on access to central counterparty (CCP) clearing and client-position portability.
The Australian Prudential Regulation Authority (APRA) released the final Prudential Practice Guide on management of climate change financial risks (CPG 229) for banks, insurers, and superannuation trustees.
The European Banking Authority (EBA) Single Rulebook Question and Answer (Q&A) tool updates for this month include answers to 10 questions.
The European Commission, or EC, finalized the Implementing Regulation 2021/2017 with respect to the benchmark portfolios, reporting templates, and reporting instructions for the supervisory benchmarking of internal approaches for calculating own funds requirements.
The European Commission (EC) has adopted a package of measures related to the Capital Markets Union.
The European Council adopted its position on two proposals that are part of the digital finance package adopted by the European Commission in September 2020, with one of the proposals involving the regulation on markets in crypto-assets (MiCA) and the other involving the Digital Operational Resilience Act (DORA).
The Prudential Regulation Authority (PRA) is proposing, via the consultation paper CP21/21, to apply group provisions in the Operational Resilience Part of the PRA Rulebook (relevant for the Capital Requirements Regulation or CRR firms) to holding companies.