EBA published answers to 15 questions under the Single Rulebook question and answer (Q&A) tool this week. The updates mainly covered queries under the Capital Requirements Directive and Regulation and certain issues related to supervisory reporting. The key supervisory reporting issues addressed relate to the EBA package for 2019 benchmarking exercise, including clarifications for templates C 101.00 and C 105.01 for benchmarking the internal approaches and calculation of recovery rate of the foreclosure assets.
The overall objective of the Q&A tool is to ensure consistent and effective application of the new regulatory framework across the Single Market. Institutions, supervisors, and other stakeholders can use the Single Rulebook Q&A tool for submitting questions on Capital Requirements Directive IV (CRD IV), CRR, and the related technical standards that have been developed by EBA and adopted.
Related Link: Single Rulebook
Keywords: Europe, EU, Banking, CRR, CRD, CRD IV, Credit Risk, Risk Weighted Assets, Single Rulebook, Q&A, Reporting, Benchmarking Internal Models, EBA
PRA published a "Dear CEO" letter from Sam Woods, its Deputy Governor and CEO, to update the March guidance on treatment of COVID-19-related payment deferrals under IFRS 9 and the Capital Requirements Regulation (CRR).
MAS, along with the Ministry of Finance (MOF), the Inland Revenue Authority of Singapore (IRAS), and the Enterprise Singapore (ESG), announced a package of measures to support those that may face cash-flow constraints.
ESMA published a consultation paper on guidelines on outsourcing to cloud service providers.
EBA announced that it will release the bank-by-bank data of the Spring 2020 EU-wide transparency exercise on Monday, June 8.
PRA issued a statement confirming that firms may use electronic signatures for submission of forms and other regulatory documents, although in specific instances PRA may request a "wet signature" where it is appropriate to do so.
EBA published the guidelines and templates for reporting and disclosure of exposures subject to measures applied in response to the COVID-19 crisis.
FCA updated its guidance confirming the support firms should give to mortgage customers that are either coming to the end of a payment holiday or are yet to request one.
US Agencies (FDIC, FED, and OCC) published an interim final rule that temporarily revises the supplementary leverage ratio calculation for depository institutions.
APRA published a frequently asked question (FAQ) providing guidance to all APRA-regulated entities in determining their requirements under the prudential standard CPS 226 on margins and risk mitigation for non-centrally cleared derivatives.
EBA published a consultation paper on the draft amended regulatory technical standards on own funds and eligible liabilities.