Other News

EBA consults on standards for supervisors assessing the new market risk internal models under the Fundamental Review of the Trading Book

On 24th March 2023, the European Banking Authority (EBA) launched a public consultation on its draft Regulatory Technical Standards (RTS) on the assessment methodology under which competent authorities verify institutions’ compliance with the requirements applicable to their internal models under the Fundamental Review of the Trading Book (FRTB) rules. These RTS are part of the […] Continue reading

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Banks and financial intermediaries

EBA

Consultation paper

EBA consults on amendments to the reporting on the Fundamental Review of the Trading Book

On 21st March 2023, the European Banking Authority (EBA) launched a public consultation on its draft Implementing Technical Standards (ITS) amending the ITS on specific reporting requirements on market risks (FRTB reporting), aiming at providing supervisors with the necessary tools to monitor these risks. The consultation runs until 21st June 2023. As the full implementation […] Continue reading

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Banks and financial intermediaries

EBA

Consultation paper

ECB and the ESAs call for enhanced climate-related disclosure for structured finance products

On 13th March 2023, the European Supervisory Authorities (ESAs), together with the European Central Bank (ECB), published a Joint Statement on climate-related disclosure for structured finance products. The Statement encourages the development of disclosure standards for securitised assets through harmonised climate-related data requirements. Currently, there is a lack of climate-related data on the assets underlying […] Continue reading

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Banks and financial intermediaries

ESAs - ECB

Joint Statement

EBA publishes annual assessment of banks’ internal approaches for the calculation of capital requirements

On 10th March 2023, the European Banking Authority (EBA) published its Reports on the annual market and credit risk benchmarking exercises conducted in 2022. These exercises aim at monitoring the consistency of risk weighted assets (RWAs) across all EU institutions authorised to use internal approaches for the calculation of capital requirements. Regarding market risk, for […] Continue reading

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Banks and financial intermediaries

EBA

Report

Women’s representation on boards has gradually improved, but imbalances remain

On 7th March 2023, the European Banking Authority (EBA) published its Report on diversity practices and the gender pay gap at the level of the management body. Gender equality is a core value of the EU, established as a fundamental right in the EU treaties. Since 2015, the EBA has been collecting data on credit […] Continue reading

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Credit Institutions and Investment Firms

EBA

Report

EBA publishes a no-action letter on the boundary between the banking book and the trading book provisions

On 27th February 2023, the European Banking Authority (EBA) published a no-action letter stating that competent authorities should not prioritise any supervisory or enforcement action in relation to the new banking book – trading book boundary provisions. The amendments to the Capital Requirements Regulation (CRR2) introduced certain elements of the Basel standards on the trading […] Continue reading

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Banks and financial intermediaries

EBA

Opinion

Update of entities deemed significant for SSM purposes

On 24th February 2023, the ECB published an updated list of significant entities and groups subject to its direct supervision. Compared to the update of 21st December 2022, referring to Italy, the changes are: Iccrea Banca S.p.A. – Istituto Centrale del Credito Cooperativo Banca di Credito Cooperativo San Michele di Caltanissetta e Pietraperzia – Società […] Continue reading

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Banks

ECB

SSM

EBA publishes final revised Guidelines on methods for calculating contributions to deposit guarantee schemes

On 21st February 2023, the European Banking Authority (EBA) published its final revised Guidelines on deposit guarantee schemes (DGS) contributions. The revised Guidelines further strengthen the link between the riskiness of a credit institution and how much it needs to contribute to the DGS funds that will be used to reimburse depositors in case their […] Continue reading

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Credit institutions

EBA

Guidelines

EBA updates some important Q&As in the area of own funds and eligible liabilities

On 14th February 2023, the European Banking Authority (EBA) has updated some of its existing Q&As on own funds and eligible liabilities to ensure consistency with the revised final draft Regulatory Technical Standards (RTS) on own funds and eligible liabilities submitted to the European Commission in May 2021. While the latter have not been finally […] Continue reading

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Banks and financial intermediaries

EBA

Q&A

EBA publishes final draft technical standards defining the homogeneity of the underlying exposures in STS securitisation

On 14th February 2023, the European Banking Authority (EBA) published its final draft Regulatory Technical Standards (RTS) setting out the conditions for the assessment of the homogeneity of the underlying exposures in a pool of a Simple Transparent and Standardised (STS) on-balance-sheet securitisation. Homogeneity is one of the key simplicity requirements enabling originators and investors […] Continue reading

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Banks and financial intermediaries

EBA

RTS

EBA asks authorities to increase transparency on their approach to bail-in in case of banking failure

On 13th February 2023, the European Banking Authority (EBA) published its final Guidelines addressed to resolution authorities for the publication of their approach to the bail-in tool implementation. Transparency and predictability are key both to the credibility of the resolution framework and to the safeguard of investors’ protection. These Guidelines aim at ensuring that a […] Continue reading

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Resolution authorities

EBA

Guidelines

EBA consults on the amending ITS on supervisory disclosures

On 8th February 2023, the European Banking Authority (EBA) launched a public consultation on its draft Implementing Technical Standards (ITS) on supervisory disclosures. The amended draft ITS incorporate the changes to the EU legal framework, in particular those related to supervisory reporting and investment firms. These draft amending ITS aim at specifying the format, structure, […] Continue reading

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Investment firms

EBA

Consultation paper