International Regulatory Updates
JUNE 30, 2021
The European Central Bank (ECB) today launched a public consultation on updates to its harmonised policies for exercising the options and discretions that it is allowed to exercise under European Union law when supervising banks.
The European legislative framework grants supervisors the authority ...
JUNE 30, 2021
The European Banking Authority (EBA) published today an analysis of the current RegTech landscape in the EU. The Report assesses the overall benefits and challenges faced by financial institutions and RegTech providers in the use of RegTech. It also identifies potential risks arising from RegTech s ...
JUNE 25, 2021
The European Central Bank (ECB) will supervise the largest and most systemic investment firms under new European Union (EU) legislation, which applies as of 26 June 2021. These investment firms must apply for a banking licence and as a consequence will be supervised by the European Central Bank. The ...
JUNE 25, 2021
The European Commission, the European Central Bank in its banking supervisory capacity (ECB Banking Supervision), the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) today issued a joint statement in which they strongly encourage market participants to use ...
JUNE 24, 2021
The European Banking Authority (EBA) published today its updated Report on the monitoring of Additional Tier 1 (AT1) instruments including an update on the monitoring of the implementation of the EBA’s Opinion on legacy instruments and its considerations on ESG capital bonds. The objective of this ...
JUNE 23, 2021
The European Banking Authority (EBA) published today its Report on Environmental, Social and Governance (ESG) risks management and supervision. The Report, which is a key component of the EBA’s broader ESG work, provides a comprehensive proposal on how ESG factors and ESG risks should be included ...
JUNE 21, 2021
The European Central Bank announced today that euro area banks it directly supervises may continue to exclude certain central bank exposures from the leverage ratio, as exceptional macroeconomic circumstances due to the coronavirus (COVID-19) pandemic continue. The move extends until March 2022 the ...
JUNE 15, 2021
The European Central Bank (ECB) is today launching a public consultation on the draft of a revised and more comprehensive version of its Guide to fit and proper assessments and a new Fit and proper questionnaire. The new versions will eventually replace the existing guide (from May 2018) and quest ...
JUNE 08, 2021
As part of its drive for more proportionate regulatory and supervisory framework, the European Banking Authority (EBA) has finalised its comprehensive study of the cost of compliance of European Economic Area (EEA) banks with the supervisory reporting requirements. In the summary report published to ...
MAY 27, 2021
The European Banking Authority (EBA) published today a thematic note comparing provisioning practices in the US and the EU during the peak of the COVID-19 pandemic. The note looks into the differences in the macroeconomic impact of the pandemic, in banks’ loan portfolios, and in accounting rules t ...
