Featured Product

    BDE to Maintain CCyB Rate at 0% in Fourth Quarter of 2020

    October 05, 2020

    BDE has decided to maintain the countercyclical capital buffer (CCyB) rate applicable to credit exposures in Spain at 0% in the fourth quarter of 2020. To alleviate the impact of the COVID-19 shock, the provision of lending to the real economy by credit institutions is an essential component of the strategy. Consequently, BDE has decided to maintain the CCyB rate at the minimum level of 0%. BDE maintains its forward-looking stance of not increasing the CCyB rate over the coming quarters, at least until the main economic and financial effects arising from the COVID-19 crisis have dissipated.

    In addition, the Executive Committee of BDE, at its meeting of October 02, 2020, has determined the existence of exceptional macroeconomic circumstances, referred to in an article of the Capital Requirements Regulation (CRR), which justify that the less significant Spanish credit institutions may exclude certain exposures to Eurosystem central banks from the total exposure (denominator) of the leverage ratio. In particular, these institutions may exclude coins and banknotes of legal tender in the jurisdiction of the central bank and assets that represent credits to the central bank, including reserves therein. Regarding the latter assets, the exclusion may only apply to exposures that ECB has identified as relevant for the  transmission of monetary policy, in its Decision of September 16, 2020 (ECB/2020/44); this includes the deposits held in the deposit facility and the balances held in the reserve accounts, including those that cover the minimum reserve requirements. Less significant Spanish credit institutions may make use of this exclusion, from the report corresponding to the third quarter of 2020 until June 27, 2021.


    Related Links (in Spanish)

    Keywords: Europe, Spain, Banking, COVID-19, CCyB, CRR, Basel, Leverage Ratio, Regulatory Capital, Less Significant Institutions, ECB, BDE

    Featured Experts
    Related Articles

    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

    EBA Updates Address Basel and NPL Requirements for Banks

    The European Banking Authority (EBA) published regulatory standards on identification of a group of connected clients (GCC) as well as updated the lists of identified financial conglomerates.

    December 22, 2022 WebPage Regulatory News

    ESMA Publishes 2022 ESEF XBRL Taxonomy and Conformance Suite

    The General Board of the European Systemic Risk Board (ESRB), at its December meeting, issued an updated risk assessment via the quarterly risk dashboard and held discussions on key policy priorities to address the systemic risks in the European Union.

    December 22, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8699