SRB has setup a dedicated solution for raising questions on the resolution reporting. The Q&A process aims to provide support to thenational resolution authorities and the institutions subject to the resolution reporting requirements. The Q&A is intended to provide clarity on the reporting requirements to banks under the SRB remit.
Those who submit questions are encouraged to create their profile using their professional e-mail address, as this will enable the SRB to better identify questions from Institutions and national resolution authorities. When raising a question, a predefined list of topics is available in the Q&A form to structure the nature of questions that can be raised via this platform. In general, questions may cover the reporting format, content (guidance documents published by SRB) and process for resolution reporting. Submitters are requested to address any questions on guidance documents and reports published by other authorities directly to these authorities. SRB will provide feedback within a maximum of 2 to 4 months after the submission of the question. The clearer the drafting of the questions raised, and the more background information provided on the questions, the better the chances of receiving a quick response from SRB.
Keywords: Europe, EU, Banking, Resolution, Reporting, Q&A, National Resolution Authorities, SRB
Previous ArticleHKMA Outlines Principles for Application of Artificial Intelligence
Next ArticleDNB Publishes Insurance Newsletter for November 2019
BCBS is consulting on the principles for operational resilience and the revisions to the principles for sound management of operational risk for banks.
The Financial Stability Institute (FSI) of BIS published a brief note that examines the supervisory challenges associated with certain temporary regulatory relief measures introduced by BCBS and prudential authorities in response to the COVID-19 pandemic.
HKMA, together with the Banking Sector Small and Medium-Size Enterprise (SME) Lending Coordination Mechanism, announced a ninety-day repayment deferment for trade facilities under the Pre-approved Principal Payment Holiday Scheme.
The Advisory Scientific Committee of ESRB published a response, in the form of an Insights Paper, to the EBA proposals for reforms to the stress testing framework in EU.
MAS announced several initiatives to support adoption of the Singapore Overnight Rate Average (SORA), which is administered by MAS.
BoE updated the reporting template for Form ER as well as the Form ER definitions, which contain guidance on the methodology to be used in calculating annualized interest rates.
PRA published the policy statement PS19/20 on the final policy for extending coverage under the Financial Services Compensation Scheme (FSCS) for Temporary High Balance.
EBA published the final draft implementing technical standards for disclosures and reporting on the minimum requirements for own funds and eligible liabilities (MREL) and the total loss-absorbing capacity (TLAC) requirements in EU.
EBA published an erratum for the phase 2 of technical package on the reporting framework 2.10.
EC published the Implementing Regulation 2020/1145, which lays down technical information for calculation of technical provisions and basic own funds.