Other News

EBA publishes guidelines on remote customer onboarding

On 22nd November 2022, the European Banking Authority (EBA) published its final Guidelines on the use of remote customer onboarding solutions. These Guidelines set out the steps credit and financial institutions should take to ensure safe and effective remote customer onboarding practices in line with applicable anti-money laundering and countering the financing of terrorism (AML/CFT) […] Continue reading

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Banks and financial intermediaries

EBA

Guidelines

ESAs launch joint Call for Evidence on greenwashing

On 15th November 2022, the three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) published a Call for Evidence on greenwashing to gather input from stakeholders on how to understand the key features, drivers and risks associated with greenwashing and to collect examples of potential greenwashing practices. Due to the growing demand for sustainability-related […] Continue reading

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Banks and financial intermediaries

ESAs

Communication

EBA consults on Guidelines to institutions and resolution authorities on resolvability testing

On 15th November 2022, the European Banking Authority (EBA) launched a public consultation on its draft Guidelines addressed to institutions and resolution authorities on resolvability testing. The Guidelines aim to set-out a framework to ensure that resolvability capabilities developed to comply with the resolvability and transferability Guidelines are fit for purpose and effectively maintained. The […] Continue reading

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Institutions and resolution authorities

EBA

Consultation Paper

Update of entities deemed significant for SSM purposes

On 15th November 2022, the ECB published an updated list of significant entities and groups subject to its direct supervision. Compared to the update of 13th May 2022, referring to Italy, the changes are: Group Cassa Centrale Banca – Credito Cooperativo Italiano S.p.A. Cassa Rurale Rotaliana e Giovo – Banca di Credito Cooperativo – Società […] Continue reading

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Banks

ECB

SSM

EBA publishes final technical standards on the measurement of liquidity risks for investment firms

On 14th November 2022, the European Banking Authority (EBA) published its final Regulatory Technical Standards (RTS) on specific liquidity measurement for investment firms under the Investment Firms Directive (IFD). These RTS will ensure that all competent authorities follow the same harmonised approach when adopting the decision to impose further liquidity requirements to an investment firm. […] Continue reading

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Investment firms

EBA

RTS

The EBA clarifies the operationalisation of intermediate EU parent undertakings of third country groups

On 7th November 2022, the European Banking Authority published an Opinion to clarify the framework applicable to the set-up and operationalisation of intermediate EU parent undertakings (IPUs) by third country groups (TCGs) operating in the EU. This Opinion, which is addressed to the competent and resolution authorities, aims to ensure a harmonised and effective application […] Continue reading

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Banks and financial intermediaries

EBA

Opinion

EBA publishes methodology and draft templates for the 2023 EU-wide stress test

On 4th November 2022, the European Banking Authority (EBA) published the final methodology, draft templates and template guidance for the 2023 EU-wide stress test along with the milestone dates for the exercise. The methodology and templates cover all relevant risk areas and have considered the feedback received from industry. The stress test exercise will be […] Continue reading

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Banks

EBA

Stress test

EBA publishes assessment on the application of the supporting factor to infrastructure lending

On 3rd November 2022, the European Banking Authority (EBA) published a Report, which analyses some qualitative as well as quantitative aspects of the lending trends and riskiness of infrastructure loans which have benefitted from a capital reduction due to the introduction of the so-called infrastructure supporting factor (ISF) under the Capital Requirements Regulation (CRR). While […] Continue reading

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Banks and financial intermediaries

EBA

Report

EBA publishes Report on the integration of ESG risks in the supervision of investment firms

On 24th October 2022, the European Banking Authority (EBA) published a Report on how to incorporate ESG risks in the supervision of investment firms. The Report also provides an initial assessment of how ESG factors and ESG risks could be included in the supervisory assessment of investment firms. This Report, addressed to competent authorities, sets […] Continue reading

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Banks and financial intermediaries

EBA

Report

Eurosystem reschedules start of renewed wholesale payment system

On 20th October 2022, the Governing Council of the European Central Bank (ECB) has decided to reschedule the launch of the new real-time gross settlement (RTGS) system and its central liquidity management model, T2. The go-live has therefore been postponed by four months, from 21 November 2022 to 20 March 2023. The decision, following an […] Continue reading

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Banks and financial intermediaries

ECB

Press release