EBA Data Collection on Prudential Framework for Investment Firms
EBA launched a supplementary data collection to support the response to EC’s Call for Advice on the new prudential framework for investment firms. The data collection exercise addresses Markets in Financial Instruments Directive (MiFID) investment firms, including those that are expected to fall under the scope of MiFID II. It excludes Undertakings for Collective Investment in Transferable Securities (UCITS) and Alternative Investment Fund Managers Directive (AIFMD) firms conducting MiFID activities or services. The template should be filled in and submitted to the respective competent authorities by August 03, 2017.
This exercise follows up on the first data collection launched on July 15, 2016 and the EBA discussion paper published on November 04, 2016, in which EBA consulted on its proposals for developing a new prudential framework. Many valuable improvements have been made to the initial proposals, in light of the feedback received in the consultation and the additional analysis undertaken. Thus, EBA considers it necessary to launch a supplementary data collection to support the final calibration and impact assessment of the new framework. To reduce burden for institutions that participate in the data collection, EBA limited the number of variables requested to the required minimum. The template includes some variables that were previously collected to allow the participation of firms that did not participate in the first data collection. However, firms that have previously participated in the first data collection are invited to re-submit the new templates, filling in all the variables requested, even if reported in the previous exercise.
Related Links
EBA Supplementary Data Collection (XLSX)
EBA Supplementary Data Instructions (PDF)
EBA Opinion on EC Call for Advice and Other Related Documents
Keywords: EBA, Europe, MiFID II, Investment Firms, Securities, Data Collection
Related Articles
SEC Finalizes Climate-Related Disclosures Rule
The U.S. Securities and Exchange Commission (SEC) has finalized the long-awaited rule that mandates climate-related disclosures for domestic and foreign publicly listed companies in the U.S.
US Regulators Release Stress Test Scenarios for Banks
The U.S. regulators recently released baseline and severely adverse scenarios, along with other details, for stress testing the banks in 2024. The relevant U.S. banking regulators are the Federal Reserve Bank (FED), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC).
Asian Governments Aim for Interoperability in AI Governance Frameworks
The regulatory landscape for artificial intelligence (AI), including the generative kind, is evolving rapidly, with governments and regulators aiming to address the challenges and opportunities presented by this transformative technology.
EBA Proposes Operational Risk Standards Under Final Basel III Package
The European Union (EU) has been working on the final elements of Basel III standards, with endorsement of the Banking Package and the publication of the European Banking Authority (EBA) roadmap on Basel III implementation in December 2023.
EFRAG Proposes XBRL Taxonomy and Standard for Listed SMEs Under ESRS
The European Financial Reporting Advisory Group (EFRAG), which plays a crucial role in shaping corporate reporting standards in European Union (EU), is seeking comments, until May 21, 2024, on the Exposure Draft ESRS for listed SMEs.
ECB to Expand Climate Change Work in 2024-2025
Banking regulators worldwide are increasingly focusing on addressing, monitoring, and supervising the institutions' exposure to climate and environmental risks.
BIS Bulletin Examines Cognitive Limits of Large Language Models
The use cases of generative AI in the banking sector are evolving fast, with many institutions adopting the technology to enhance customer service and operational efficiency.
ECB is Conducting First Cyber Risk Stress Test for Banks
As part of the increasing regulatory focus on operational resilience, cyber risk stress testing is also becoming a crucial aspect of ensuring bank resilience in the face of cyber threats.
EBA Continues Momentum Toward Strengthening Prudential Rules for Banks
A few years down the road from the last global financial crisis, regulators are still issuing rules and monitoring banks to ensure that they comply with the regulations.
EU and UK Agencies Issue Updates on Final Basel III Rules
The European Commission (EC) recently issued an update informing that the European Council and the Parliament have endorsed the Banking Package implementing the final elements of Basel III standards