Featured Product

    BaFin Explains Regulatory Measures to Address Impact of COVID-19

    March 30, 2020

    BaFin has released new developments and important information about COVID-19 and its effects on the financial and banking system. In addition, BaFin published frequently asked questions regarding banking and securities supervision. The answers to FAQs provide clarifications on topics related to credit risk, governance, FINREP, IFRS 9, Capital Requirements Regulation/Directive (CRR 2/CRD 5), liquidity risk, and reporting system. For certain reports, in particular those based on the FinaRisikoV (ordinance for the submission of financial and risk-bearing capacity information according to the German Banking Act) and the million credit reporting system, BaFin and Deutsche Bundesbank will not take up late submissions from the banking authorities and will allow an additional modified submission method for master data reports for large and million credit reporting systems.

    BaFin has adopted a large number of measures to increase the scope for lending and, if necessary, absorb losses. Against this background and in view of the high degree of uncertainty about future developments, BaFin recommends refraining from buying back shares and carefully weighing dividends, profits, and bonuses. BaFin also advises to apply the transition rules to the IFRS 9 accounting standard. In the case of corona-related payment delays, a "through the cycle" perspective should be taken, which also takes into account state measures to mitigate the economic consequences. The dialog with the accounting standard-setters on these issues will continue at the national and international levels. 


    Related Links (in German)

    Keywords: Europe, Germany, Banking, Securities, COVID-19, Reporting, Credit Risk, IFRS 9, FAQ, FINREP, Governance, CRR2, CRD5, Liquidity Risk, Bundesbank, BaFin

    Featured Experts
    Related Articles

    NGFS Seeks Public Feedback on Climate Risk Assessment Scenarios

    The Network for Greening the Financial System (NGFS) launched its first user feedback survey on climate scenarios, with the feedback period ending on February 27, 2023.

    February 06, 2023 WebPage Regulatory News

    EBA Launches Stress Tests for Banks, Issues Other Updates

    The European Banking Authority (EBA) launched the 2023 European Union (EU)-wide stress test, published annual reports on minimum requirement for own funds and eligible liabilities (MREL) and high earners with data as of December 2021.

    January 31, 2023 WebPage Regulatory News

    EBA Proposes Standards for IRRBB Reporting Under Basel Framework

    The European Banking Authority (EBA) proposed implementing technical standards on the interest rate risk in the banking book (IRRBB) reporting requirements, with the comment period ending on May 02, 2023.

    January 31, 2023 WebPage Regulatory News

    FED Issues Further Details on Pilot Climate Scenario Analysis Exercise

    The U.S. Federal Reserve Board (FED) set out details of the pilot climate scenario analysis exercise to be conducted among the six largest U.S. bank holding companies.

    January 17, 2023 WebPage Regulatory News

    US Agencies Issue Several Regulatory and Reporting Updates

    The Board of Governors of the Federal Reserve System (FED) adopted the final rule on Adjustable Interest Rate (LIBOR) Act.

    January 04, 2023 WebPage Regulatory News

    ECB Issues Multiple Reports and Regulatory Updates for Banks

    The European Central Bank (ECB) published an updated list of supervised entities, a report on the supervision of less significant institutions (LSIs), a statement on macro-prudential policy.

    January 01, 2023 WebPage Regulatory News

    HKMA Keeps List of D-SIBs Unchanged, Makes Other Announcements

    The Hong Kong Monetary Authority (HKMA) published a circular on the prudential treatment of crypto-asset exposures, an update on the status of transition to new interest rate benchmarks.

    December 30, 2022 WebPage Regulatory News

    EU Issues FAQs on Taxonomy Regulation, Rules Under CRD, FICOD and SFDR

    The European Commission (EC) adopted the standards addressing supervisory reporting of risk concentrations and intra-group transactions, benchmarking of internal approaches, and authorization of credit institutions.

    December 29, 2022 WebPage Regulatory News

    CBIRC Revises Measures on Corporate Governance Supervision

    The China Banking and Insurance Regulatory Commission (CBIRC) issued rules to manage the risk of off-balance sheet business of commercial banks and rules on corporate governance of financial institutions.

    December 29, 2022 WebPage Regulatory News

    HKMA Publications Address Sustainability Issues in Financial Sector

    The Hong Kong Monetary Authority (HKMA) made announcements to address sustainability issues in the financial sector.

    December 23, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8702