BaFin published a "leaflet" on external bail-in implementation in Germany. The leaflet describes the parties involved, their responsibilities, communication channels, and the process of external bail-in implementation. It is based on a baseline scenario, which will be expanded to include further complexity levels in the future. It is addressed to all institutions in the Federal Republic of Germany, for which the settlement strategy envisages the application of bail-in. BaFin consulted on the draft leaflet from April to June 2019.
Related Links (in German)
Keywords: Europe, Germany, Banking, Bail-In, Recovery and Resolution, Resolution Framework, BaFin
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The Australian Prudential Regulation Authority (APRA) released the final Prudential Practice Guide on management of climate change financial risks (CPG 229) for banks, insurers, and superannuation trustees.
The European Council adopted its position on two proposals that are part of the digital finance package adopted by the European Commission in September 2020, with one of the proposals involving the regulation on markets in crypto-assets (MiCA) and the other involving the Digital Operational Resilience Act (DORA).
The Prudential Regulation Authority (PRA) is proposing, via the consultation paper CP21/21, to apply group provisions in the Operational Resilience Part of the PRA Rulebook (relevant for the Capital Requirements Regulation or CRR firms) to holding companies.
The European Commission (EC) has adopted a package of measures related to the Capital Markets Union.
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The Australian Prudential Regulation Authority (APRA) recently completed two pilot initiatives in its 2020-2024 Cyber Security Strategy, which was published in November 2020.
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US Agencies issued a statement that summarizes the work undertaken during the interagency policy sprints focused on crypto-assets and provides a roadmap of future work related to crypto-assets.