EBA Expands Scope of Interactive Single Rulebook and Q&A Tool
EBA expanded the scope of its Questions and Answers (Q&A) process and tool to enable the submission of questions on the Anti-Money-Laundering (AML) Directive and Consumer Protection legislation under the scope of EBA. Going forward, submitted questions that meet the prescribed criteria will be published on EBA website while their answers are being prepared. EBA also made some changes to expand and update the online Interactive Single Rulebook. As of June 12, 2020, the Interactive Single Rulebook has been expanded to include AML Directive and Wire Transfer Regulation (WTR). Additionally, it has been updated to include the revised Capital Requirements Regulation and Directive (CRR2 and CRD5) and the revised Banking Resolution and Recovery Directive (BRRD2). EBA also updated the document on additional background and guidance for asking questions.
For CRR2, CRD5, and BRRD2, the associated Delegated and Implementing acts, regulatory technical standards, implementing technical standards, guidelines, recommendations, and Q&As have not yet been updated in the updated texts. Newly finalized updates for these texts will be added as they are published. For the texts published so far, EBA is conducting a review of all final Q&As to establish the extent to which they remain relevant. Once this work has been finalized, the outcome will be reflected in the updated texts. Relevant associated Acts, standards, guidelines, and recommendations will also be added at that stage.
Meanwhile, users of the Interactive Single Rulebook can consult both the current and the previous legal acts' past version for the CRR/CRD/BRRD when searching for relevant Q&As. The Interactive Single Rulebook is an online tool that provides a comprehensive compendium of the level 1 text for CRR, CRD5, BRRD2, the Deposit Guarantee Schemes Directive (DGSD), AML Directive, Mortgage Credit Directive (MCD), Payment Services Directive (PSD2), Simple, transparent and standardized Securitization Regulation, Wire Transfer Regulation (WTR), and their corresponding technical standards developed by EBA and adopted by EC, in addition to the EBA guidelines, recommendations, and related Q&As.
Related Links
- Press Release
- Single Rulebook Q&A Tool
- Interactive Single Rulebook
- Guidance for Asking Questions (PDF)
Keywords: Europe, EU, Banking, Single Rulebook, Q&A, Interactive Single Rulebook, CRR2, CRD5, BRRD2, AML, Wire Transfer Regulation, WTR, Level 1 Measures, EBA
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Patrycja Oleksza
Applies proficiency and knowledge to regulatory capital and reporting analysis and coordinates business and product strategies in the banking technology area
Related Articles
EU Agencies Update LCR Rule and Macro-Prudential Policy Recommendation
The European Commission (EC) published the Delegated Regulation 2022/786 with regard to the liquidity coverage requirements for credit institutions under the Capital Requirements Regulation (CRR).
EBA Publishes Regulatory Standards to Identify Shadow Banking Entities
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying the criteria to identify shadow banking entities for the purposes of reporting large exposures.
EIOPA Examines Physical Climate Risk Exposure, SII Non-Compliance
The European Insurance and Occupational Pensions Authority (EIOPA) published a report assessing insurers' exposure to physical climate change risks
EC Publishes Results on Review of Web Accessibility Directive
The European Commission (EC) published the results of a public consultation, held in October 2021, on the review of the Web Accessibility Directive.
NGFS Report Explores Quantification of Climate Risk Differentials
The Network for Greening the Financial System (NGFS) published two reports to aid central banks and regulators in their oversight of the financial sector and in their central bank operations
MAS Consults on Adjustment Spreads for Conversion of SOR Contracts
The Monetary Authority of Singapore (MAS) and the SC-STS are jointly consulting, until June 10, 2022, on setting adjustment spreads for the conversion of legacy SOR contracts to SORA reference rate.
OSFI Discusses Benchmark Rate Transition, Sets Out Work Priorities
The Office of the Superintendent of Financial Institutions (OSFI) published the strategic plan for 2022-2025 and the departmental plan for 2022-23.
EBA Proposes Standards to Support Secondary NPL Markets
The European Banking Authority (EBA) is consulting, until August 31, 2022, on the draft implementing technical standards specifying requirements for the information that sellers of non-performing loans (NPLs) shall provide to prospective buyers.
EU Confirms Agreement on Rules on Cybersecurity and Banking Resolution
The European Council and the Parliament reached an agreement on the revised Directive on security of network and information systems (NIS2 Directive).
EBA Issues Standards for Crowdfunding Service Providers Under ECSPR
The European Banking Authority (EBA) published the final draft regulatory technical standards specifying information that crowdfunding service providers shall provide to investors on the calculation of credit scores and prices of crowdfunding offers.
