Featured Product

    ESRB Publishes Member State Notifications on Macro-Prudential Measures

    June 08, 2021

    The Danish Financial Supervisory Authority (DFSA), the National Committee for Macroprudential Oversight in Romania, and the Central Bank of Cyprus notified EU authorities about the application of certain macro-prudential measures in their respective jurisdictions. DFSA notified EBA, ECB, and ESRB authorities about its decisions on the identification of other systemically important institutions (O-SIIs) in Denmark and the setting of O-SII buffers. The O-SII-buffer applies to the institution designated as O-SII and to each individual credit institution of the O-SII. The O-SIIs identified by DFSA are Danske Bank A/S, Nykredit Realkredit A/S, Nordea Kredit Realkreditaktieselskab, Jyske Bank A/S, Sydbank A/S, DLR Kredit A/S, and Spar Nord Bank A/S.

    Additionally, the National Committee for Macroprudential Oversight in Romania notified EBA, ECB, and ESRB about its decision on the periodical recalibration of an existing systemic risk buffer in Romania. The level of the systemic risk buffer has been set at 0%, 1% or 2%, according to the 12-month average of the non-performing loans ratio and the coverage ratio, with provisions reported by each individual credit institution in accordance with the methodology established in the implementation process of the systemic risk buffer. The most recent revaluation was performed based on the 12-month average calculated for the asset quality assessment indicators (non-performing loans rate and coverage ratio) from July 2019 to June 2020, which is the basis of the capital requirement represented by the systemic risk buffer applicable between January 01 and June 30, 2021. Finally, the Central Bank of Cyprus notified ECB and ESRB about its decision to apply a stricter loan-to-value (LTV) limit of 50% on credit facilities granted to real estate developing companies for financing the acquisition or the construction of luxurious properties. For the purposes of this measure, luxurious properties are defined as properties with market value, or expected market value after the completion of construction, exceeding EUR 5.000 per square meter. The measure applies from March 19, 2021 and no phase-in arrangements were implemented.

     

    Related Links

    Keywords: Europe, EU, Denmark, Romania, Cyprus, Banking, O-SII, Systemic Risk Buffer, Macro-Prudential Measures, LTV, Regulatory Capital, Credit Risk, Systemic Risk, DFSA, Basel, ECB, EBA, ESRB

    Featured Experts
    Related Articles
    News

    ESAs Issue Multiple Regulatory Updates for Financial Sector Entities

    The three European Supervisory Authorities (ESAs) issued a letter to inform about delay in the Sustainable Finance Disclosure Regulation (SFDR) mandate, along with a Call for Evidence on greenwashing practices.

    November 15, 2022 WebPage Regulatory News
    News

    ISSB Makes Announcements at COP27; IASB to Propose IFRS 9 Amendments

    The International Sustainability Standards Board (ISSB) of the IFRS Foundations made several announcements at COP27 and with respect to its work on the sustainability standards.

    November 10, 2022 WebPage Regulatory News
    News

    IOSCO Prioritizes Green Disclosures, Greenwashing, and Carbon Markets

    The International Organization for Securities Commissions (IOSCO), at COP27, outlined the regulatory priorities for sustainability disclosures, mitigation of greenwashing, and promotion of integrity in carbon markets.

    November 09, 2022 WebPage Regulatory News
    News

    EBA Finalizes Methodology for Stress Tests, Issues Other Updates

    The European Banking Authority (EBA) issued a statement in the context of COP27, clarified the operationalization of intermediate EU parent undertakings (IPUs) of third-country groups

    November 09, 2022 WebPage Regulatory News
    News

    OSFI Sets Out Work Priorities and Reporting Updates for Banks

    The Office of the Superintendent of Financial Institutions (OSFI) published an annual report on its activities, a report on forward-looking work.

    November 07, 2022 WebPage Regulatory News
    News

    APRA Finalizes Changes to Capital Framework, Issues Other Updates

    The Australian Prudential Regulation Authority (APRA) finalized amendments to the capital framework, announced a review of the prudential framework for groups.

    November 03, 2022 WebPage Regulatory News
    News

    BIS Hub and Central Banks Conduct CBDC and DeFI Pilots

    The Bank for International Settlements (BIS) Innovation Hubs and several central banks are working together on various central bank digital currency (CBDC) pilots.

    November 03, 2022 WebPage Regulatory News
    News

    ECB Sets Deadline for Banks to Meet Its Climate Risk Expectations

    The European Central Bank (ECB) published the results of its thematic review, which shows that banks are still far from adequately managing climate and environmental risks.

    November 02, 2022 WebPage Regulatory News
    News

    ESAs, ECB, & EC Issue Multiple Regulatory Updates for Financial Sector

    Among its recent publications, the European Banking Authority (EBA) published the final standards and guidelines on interest rate risk arising from non-trading book activities (IRRBB)

    October 31, 2022 WebPage Regulatory News
    News

    EC Adopts Final Rules Under CRR, BRRD, and Crowdfunding Regulation

    The European Commission (EC) recently adopted regulations with respect to the calculation of own funds requirements for market risk, the prudential treatment of global systemically important institutions (G-SIIs)

    October 26, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8582