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
Previous Article
FCA Extends Timeline to Cease Issuance of LIBOR-Linked Loan ProductsNext Article
OJK Amends Regulation on Corporate GovernanceRelated Articles
BIS and Central Banks Experiment with GenAI to Assess Climate Risks
A recent report from the Bank for International Settlements (BIS) Innovation Hub details Project Gaia, a collaboration between the BIS Innovation Hub Eurosystem Center and certain central banks in Europe
Nearly 25% G-SIBs Commit to Adopting TNFD Nature-Related Disclosures
Nature-related risks are increasing in severity and frequency, affecting businesses, capital providers, financial systems, and economies.
Singapore to Mandate Climate Disclosures from FY2025
Singapore recently took a significant step toward turning climate ambition into action, with the introduction of mandatory climate-related disclosures for listed and large non-listed companies
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.
EBA Proposes Standards Related to Standardized Credit Risk Approach
The European Banking Authority (EBA) has been taking significant steps toward implementing the Basel III framework and strengthening the regulatory framework for credit institutions in the EU
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.