International Regulatory Updates

The European Central Bank (ECB) today launches a public consultation on a draft guidance to develop clear and consistent definitions, measures and monitoring with regard to leveraged transactions. Globally, leveraged finance markets have experienced a strong recovery since the crisis and are char ...

The 2016 annual review of the significance of credit institutions brings the number of banks and banking groups directly supervised by the ECB to 127. As a result of increased size, Citibank Holdings Ireland Ltd. has been identified as significant and will be directly supervised by the ECB from 1 Ja ...

The High Court ruling on the role of parliament in taking Britain out of the EU has switched the focus to domestic matters. If Britain leaves the EU, the 27 remaining EU members will have to agree and the European Parliament will need to give its consent. The British cannot expect their partners to ...

The European Central Bank (ECB) today publishes two guidelines on how to assess institutional protection schemes (IPSs) and coordinate the activities of the ECB and national competent authorities (NCAs). An IPS is an arrangement amongst a group of banks to safeguard their solvency and liquidity. ...

The European Central Bank (ECB) today launches a public consultation on a draft guide to fit and proper assessments. The guide explains how ECB Banking Supervision evaluates the qualifications, skills and proper standing of a candidate for a position on the board of a bank, for example as chief exec ...

The ECB conducted a comprehensive assessment from March to November 2016 on the following four banks: Abanka d.d. (Slovenia) Akciju sabiedrība “Rietumu Banka” (Latvia) Banca Mediolanum S.p.A. (Italy) Citibank Holdings Ireland Limited[1] (Ireland) The results of the exercise fo ...

The European Banking Authority (EBA) launched today a consultation on its draft Guidelines specifying the information to be provided by applicants intending to obtain authorisation as payment and electronic money institutions as well as to register as account information service providers under the ...

The European Banking Authority (EBA) published today its final Guidelines on the collection of information related to the internal capital adequacy assessment process (ICAAP) and the internal liquidity adequacy assessment process (ILAAP). These Guidelines aim at facilitating a consistent approach to ...

The European Central Bank (ECB) today launches a public consultation on a draft guideline and recommendation concerning the exercise of options and discretions (O&Ds) available in Union law for banks it does not directly supervise (less significant institutions or LSIs). The aim is to harmonise ...

The European Banking Authority (EBA) published today its final report on the reference point for the target level of national resolution financing arrangements. In the report, the EBA recommends changing the basis from covered deposits to a total liabilities-based measure and, in particular, total l ...