ESMA Issues Q&A on Transitional Provisions for Benchmarks Regulation
ESMA published the first set of questions and answers (Q&A) on practical issues regarding the implementation of the Benchmarks Regulation. The Q&A include two answers regarding the transitional provisions under the Benchmarks Regulation, clarifying which benchmarks supervised entities will be allowed to use after January 01, 2018.
This document is intended to be a practical convergence tool for promoting common supervisory approaches and practices in the application of the Benchmarks Regulation. It should also help investors and other market participants by providing clarity on the requirements. ESMA will periodically review these Q&A and update them as required.
Related Link: Q&A on Benchmarks Regulation (PDF)
Keywords: Europe, ESMA, Q&A, Benchmarks Regulation, Securities, Transitional Provisions
Related Articles
APRA Consults on Standard for Reporting of COVID-19 Loans
APRA issued a letter to authorized deposit-taking institutions announcing its intent to formalize the capital measures and reporting requirements for COVID-19 loans through temporary legislative instruments.
EBA Consults Industry on Use and Uptake of Regtech Solutions Across EU
EBA is inviting relevant stakeholders, such as financial institutions and information and communication technology (ICT) third-party providers, to share their views and experience on the use of regtech solutions through its regtech industry survey.
BoE Clarifies Approach to Treatment of Payment Holidays on Form PL
BoE published a statistical notice (Notice 2020/9) explaining the approach for treatment of payment holidays on the profit and loss return or Form PL.
FASB to Conduct Post-Implementation Review of CECL Standard
FASB announced the launch of its new Post-Implementation Review (PIR) web portal.
EBA Guidance on Impact of CRR Quick-Fix on Reporting and Disclosures
EBA revised the draft implementing technical standards on supervisory reporting as part of the reporting framework 3.0.
ECB Examines ICAAP Practices of Banks in EU
ECB published report that presents a summary of the analysis conducted on the internal capital adequacy assessment process (ICAAP) practices of a sample of 37 "significant" banks.
BoE Provides Reporting Update on Form AS and Form FV
BoE updated the known issues document for the statistical reporting Forms AS and FV.
FED Announces Capital Requirements for Large Banks
FED announced individual capital requirements for 34 large banks and these requirements go into effect on October 01, 2020.
SRB Publishes Guidance on Implementation of Bail-In Tool
SRB published a set of documents to give operational guidance to banks on implementation of the bail-in tool.
BIS Publishes Update on G20 TechSprint Initiative
BIS published an update on the G20 TechSprint Initiative, which was launched in April 2020 and aims to highlight the potential for technologies to resolve regulatory compliance (regtech) and supervisory (suptech) challenges.
