ESMA updated the questions and answers (Q&A) document on Securitization Regulation, in addition to publishing the final report on the guidelines on portability of information between securitization repositories under the Securitization Regulation. The guidelines set out common provisions that a securitization repository should follow when transferring securitization information to another securitization repository. ESMA will consider these guidelines for supervision as of January 01, 2021, except for the guidelines related to Article 78(9)(c) of European Market Infrastructure Regulation (EMIR), which ESMA will consider for supervision as of June 18, 2021.
The additional Q&A address how to report certain underlying exposures that benefit from a COVID-related debt moratorium or payment holiday and address a query that relates to the underlying exposures for residential real estate. Many more updates or modifications relate to the other reporting and disclosure requirements under the Securitization Regulation. This Q&A document is to promote common, uniform, and consistent supervisory approaches and practices in the day-to-day application of Securitization Regulation (Regulation 2017/2402) by providing responses to questions asked by the public, financial market participants, competent authorities, and other stakeholders.
Keywords: Europe, EU, Banking, Securities, Securitization Regulation, Q&A, COVID-19, Debt Moratorium, Payment Holiday, Credit Risk, Reporting, Disclosures, ESMA
Leading economist; commercial real estate; performance forecasting, econometric infrastructure; data modeling; credit risk modeling; portfolio assessment; custom commercial real estate analysis; thought leader.
EC published the Implementing Regulation 2021/763 that lays down implementing technical standards for supervisory reporting and public disclosure of the minimum requirement for own funds and eligible liabilities (MREL).
EBA published a report that examines the convergence of prudential supervisory practices in 2020 and offers conclusions of the EBA college monitoring activity.
APRA announced the standardization of quarterly reporting due dates for authorized deposit-taking institutions.
The private sector working group of ECB on euro risk-free rates published the recommendations to address events that would trigger fallbacks in the Euro Interbank Offered Rate (EURIBOR)-related contracts, along with the €STR-based EURIBOR fallback rates (rates that could be used if a fallback is triggered).
Bundesbank published a list of "EntryPoints" that are accepted in its reporting system; the list provides taxonomy version and name of the module against each EntryPoint.
EBA published the phase 1 of its reporting framework 3.1, with the technical package covering the new reporting requirements for investment firms (under the implementing technical standards on investment firms reporting).
The Sustainable Finance Taskforce of IOSCO held two roundtables, with global stakeholders, on the IOSCO priorities to enhance the reliability, comparability, and consistency of sustainability-related disclosures and to collect views on the practical implementation of a global system architecture for these disclosures.
Asia Pacific Australia Banking APS 111 Capital Adequacy Regulatory Capital Basel RBNZ APRA
ESMA published the final guidelines on outsourcing to cloud service providers.
EBA published annual data for two key concepts and indicators in the Deposit Guarantee Schemes (DGS) Directive—available financial means and covered deposits.