EC Updates List of Appropriately Diversified Stock Indices Under CRR
EC published the Implementing Regulation 2020/125, which amends Regulation 945/2014 and lays down the implementing technical standards for relevant appropriately diversified indices in accordance with the Capital Requirements Regulation or CRR (575/2013). The amendment updates the list of stock indices meeting the requirements of Article 344 of CRR. Regulation (EU) 2020/125 shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.
To ensure that the stock indices listed in the Annex to Regulation (EU) No 945/2014 continue to meet the conditions for their specific risk to be ignored, the relevant indices have been reassessed in light of the latest available data, which relative to 2018. In light of that reassessment, it is necessary to update the list of relevant appropriately diversified indices. Regulation 2020/125 is based on the draft implementing technical standards submitted by EBA to EC. The Annex to Regulation (EU) No 945/2014 has been replaced by the text in the Annex to Regulation (EU) 2020/125. The Annex to Regulation 2020/125 provides the list of stock indices meeting the requirements under Article 344 of CRR.
Related Links
Effective Date: February 19, 2020
Keywords: Europe, EU, Banking, Securities, CRR, Implementing Technical Standards, Stock Indices, EBA, EC
Previous Article
IMF Issues Reports on 2019 Article IV Consultation with South AfricaRelated Articles
US Agencies Issue Several Regulatory and Reporting Updates
The Board of Governors of the Federal Reserve System (FED) adopted the final rule on Adjustable Interest Rate (LIBOR) Act.
ECB Issues Multiple Reports and Regulatory Updates for Banks
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.
HKMA Keeps List of D-SIBs Unchanged, Makes Other Announcements
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.
EU Issues FAQs on Taxonomy Regulation, Rules Under CRD, FICOD and SFDR
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.
CBIRC Revises Measures on Corporate Governance Supervision
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.
HKMA Publications Address Sustainability Issues in Financial Sector
The Hong Kong Monetary Authority (HKMA) made announcements to address sustainability issues in the financial sector.
EBA Updates Address Basel and NPL Requirements for Banks
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.
ESMA Publishes 2022 ESEF XBRL Taxonomy and Conformance Suite
The General Board of the European Systemic Risk Board (ESRB), at its December meeting, issued an updated risk assessment via the quarterly risk dashboard and held discussions on key policy priorities to address the systemic risks in the European Union.
FCA Sets up ESG Committee, Imposes Penalties, and Issues Other Updates
The Financial Conduct Authority (FCA) is seeking comments, until December 21, 2022, on the draft guidance for firms to support existing mortgage borrowers.
FSB Reports Assess NBFI Sector and Progress on LIBOR Transition
The Financial Stability Board (FSB) published a report that assesses progress on the transition from the Interbank Offered Rates, or IBORs, to overnight risk-free rates as well as a report that assesses global trends in the non-bank financial intermediation (NBFI) sector.