ESMA Updates Q&As on Securitization and Benchmarks Regulations in EU
ESMA updated the question and answer (Q&A) documents on various regulations under its purview, including data reporting under the Securities Financing Transactions Regulation, the Benchmarks Regulation (BMR), and the Securitization Regulation. The updated Q&A document on SFTR data reporting includes answers to new questions related to reporting of changes to the reference rate in a Securities Financing Transaction. In the Q&A document on BMR, ESMA updated answers to questions related to EU climate transition benchmarks, EU Paris-aligned benchmarks, and sustainability-related disclosures for benchmarks. ESMA has also provided new and modified answers to questions related to disclosure requirements and templates under the Securitization Regulation.
The Q&A documents are intended to promote common, uniform, and consistent supervisory approaches and practices in the day-to-day application of regulations. The Q&A tool is a practical convergence tool used to promote common supervisory approaches and practices in the implementation of various regulations.
- Q&As on SFTR Data Reporting (PDF)
- Q&As on BMR (PDF)
- Q&As on Securitization Regulation (PDF)
Keywords: Europe, EU, Banking, Securities, Securitization Regulation, Benchmarks Regulation, SFTR, ESG, Climate Change Risk, Climate Transition Benchmarks, Disclosures, Q&A, ESMA
Michael Denton, PhD, PE
Dr. Denton provides industry leadership in the quantification of sustainability issues, climate risk, trade credit and emerging lending risks. His deep foundations in market and credit risk provide critical perspectives on how climate/sustainability risks can be measured, communicated and used to drive commercial opportunities, policy, strategy, and compliance. He supports corporate clients and financial institutions in leveraging Moody’s tools and capabilities to improve decision-making and compliance capabilities, with particular focus on the energy, agriculture and physical commodities industries.
Credit analytics expert helping clients understand, develop, and implement credit models for origination, monitoring, and regulatory reporting.
Previous ArticleEBA Proposes Implementing Standards on IRRBB Disclosures Under CRR
CFPB Finalizes Rule on Small Business Lending Data Collection
The Consumer Financial Protection Bureau (CFPB) published a final rule that sets out data collection requirements on small business lending, under section 1071 of the Dodd-Frank Act.
BCBS to Consult on Pillar 3 Climate Risk Disclosures by End of 2023
The Bank for International Settlements (BIS) published a summary of the recent Basel Committee (BCBS) meetings.
FINMA Approves Merger of Credit Suisse and UBS
The Swiss Financial Market Supervisory Authority (FINMA) has approved the takeover of Credit Suisse by UBS.
BOE Sets Out Its Thinking on Regulatory Capital and Climate Risks
The Bank of England (BOE) published a working paper that aims to understand the climate-related disclosures of UK financial institutions.
US Congress Report Examines Data Privacy and Cybersecurity Regulations
The U.S. Congressional Research Service published a report on banking, data privacy, and cybersecurity regulation.
OSFI Finalizes on Climate Risk Guideline, Issues Other Updates
The Office of the Superintendent of Financial Institutions (OSFI) is seeking comments, until May 31, 2023, on the draft guideline on culture and behavior risk, with final guideline expected by the end of 2023.
EU to Conduct One-Off Scenario Analysis to Assess Transition Risk
The European authorities recently made multiple announcements that impact the banking sector.
APRA Assesses Macro-Prudential Policy Settings, Issues Other Updates
The Australian Prudential Regulation Authority (APRA) published an information paper that assesses its macro-prudential policy settings aimed at promoting stability at a systemic level.
BIS Paper Examines Impact of Greenhouse Gas Emissions on Lending
BIS issued a paper that investigates the effect of the greenhouse gas, or GHG, emissions of firms on bank loans using bank–firm matched data of Japanese listed firms from 2006 to 2018.
HMT Mulls Alignment of Ring-Fencing and Resolution Regimes for Banks
The HM Treasury (HMT) is seeking evidence, until May 07, 2023, on practicalities of aligning the ring-fencing and the banking resolution regimes for banks.