EBA Updates Single Rulebook Q&A in June 2020
EBA updated the Single Rulebook question and answer (Q&A) tool for banks. EBA has added answers to eleven questions, with the three answers addressing clarifications on topics related to IFRS 9 and FINREP framework.
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 certain EU regulations and directives. These regulations and directives include the revised Capital Requirements Directive 5 (CRD 5), the revised Capital Requirements Regulation (CRR 2), the revised Bank Recovery and Resolution Directive (BRRD 2), the Securitization Regulation, Deposit Guarantee Schemes Directive (DGSD), the Mortgage Credit Directive (MCD), the Payment Services Directive (PSD) 2, Wire Transfer Regulation (WTR), and Anti-Money-Laundering (AML) Directive among others, and the related technical standards that EBA has developed and adopted.
Related Link: Single Rulebook Q&A
Keywords: Europe, EU, Banking, Single Rulebook, Q&A, CRR2, Reporting, PSD2, FINREP, IFRS 9, EBA
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