The EBA Single Rulebook question and answer (Q&A) tool updates for this month include answers to 31 questions. The answers address queries on supervisory reporting and market risk. The answers on supervisory reporting cover topics such as COREP and FINREP requirements, large exposures, liquidity risk, and asset encumbrance.
The overall objective of the Q&A tool is to ensure consistent and effective application of regulatory framework across the Single Market. Institutions, supervisors, and other stakeholders can use the Single Rulebook Q&A tool to submit questions on certain EU regulations and directives. These regulations and directives include the revised Capital Requirements Directive (CRD5) and Regulation (CRR2), the revised Bank Recovery and Resolution Directive (BRRD2), the Securitization Regulation, the Deposit Guarantee Schemes Directive (DGSD), the Mortgage Credit Directive (MCD), the second Payment Services Directive (PSD 2), the Wire Transfer Regulation (WTR), and the Anti Money Laundering (AML) Directive, along with any related technical standards that EBA has developed and adopted.
Related Link: Single Rulebook Q&A
Keywords: Europe, EU, Banking, Single Rulebook, Reporting, COREP, FINREP, CRR, Asset Encumbrance, Q&A, Market Risk, EBA
APRA issued a letter on the loss-absorbing capacity (LAC) requirements for domestic systemically important banks (D-SIBs) and published a discussion paper, along with the proposed the prudential standards on financial contingency planning (CPS 190) and resolution planning (CPS 900).
The European Commission (EC) launched a call for evidence, until March 18, 2022, as part of a comprehensive review of the macro-prudential rules for the banking sector under the Capital Requirements Regulation (CRR) and Directive (CRD IV).
The Financial Stability Board (FSB) published a report that sets out good practices for crisis management groups.
The Australian Prudential Regulation Authority (APRA) found that Heritage Bank Limited had incorrectly reported capital because of weaknesses in operational risk and compliance frameworks, although the bank did not breach minimum prudential capital ratios at any point and remains well-capitalized.
The Office of the Superintendent of Financial Institutions (OSFI) released the annual report for 2020-2021.
Through a letter addressed to the banking sector entities, the Office of the Superintendent of Financial Institutions (OSFI) announced deferral of the domestic implementation of the final Basel III reforms from the first to the second quarter of 2023.
EIOPA recently published a letter in which EC is informing the European Parliament and Council that it could not adopt the set of draft regulatory technical standards for disclosures under the Sustainable Finance Disclosure Regulation (SFDR) within the stipulated three-month period, given their length and technical detail.
The Financial Conduct Authority (FCA) published the third in a series of policy statements that set out rules to introduce the UK Investment Firm Prudential Regime (IFPR), which will take effect on January 01, 2022.
The Australian Prudential Regulation Authority (APRA) published, along with a summary of its response to the consultation feedback, an information paper that summarizes the finalized capital framework that is in line with the internationally agreed Basel III requirements for banks.
The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) issued a consultative report focusing on access to central counterparty (CCP) clearing and client-position portability.