Events listed in Capital Requirements Directive IV (CRD IV)
AFME says actions to strengthen resilience are paying off in response to 2023 ...
ID 24443
AFME has responded to the EU-wide stress test results released by EBA. AFME, representing its member banks that participated in the test, noted the positive outcomes and credited the strengthening of the EU banking sector’s resilience through combined efforts of banks and regulators. Key points highlighted by AFME regarding the stress test results included: – Improvement in Capital Depletion: The stress test results showed ...
Updated approach to assessing Pillar 2 guidance for Swedish banks
ID 23484
Following a consultation (EventID 20573) on proposed amendments to its current so-called pillar 2 guidance which has been in place since 2020/2021 and which sets out recommendations for supervised institutions as regards additional capital buffer requirements based on their individual risk levels (determined by their stress test results), the Swedish financial market regulator Finansinspektionen (FI) has published a corresponding [finalization notice / consultation conclusion ...
DNB verhoogt de contracyclische kapitaalbuffer (CCyB) van 1,0% naar 2,0%
ID 23475
The Dutch Central Bank (DNB) published a news release stating that it is increasing the countercyclical capital buffer (CCyB) from 1.0% to 2.0%. This requirement applies to all banks operating in the Netherlands, both domestic and foreign, with outstanding loans. This change will impose an additional capital charge of approximately €3.4 billion on the Dutch banking sector as a whole. **Banks must meet this ...
Publication of Circulars CSSF 23/836, CSSF 23/837 and CSSF 23/838 adopting the ...
ID 23434
The CSSF has recently released three circulars, namely CSSF 23/836, CSSF 23/837, and CSSF 23/838, which adopt EBA’s guidelines on remuneration data collection exercises for banks and investment firms. These guidelines serve to organize the remuneration data collection exercises in accordance with the CRD and the IFD frameworks. Circular CSSF 23/836 adopts the EBA guidelines on benchmarking exercises for remuneration practices, gender pay gap, ...
ECB finalises guide of how to assess buyers of qualifying stakes in banks
ID 23362
The ECB has published its final Guide to qualifying holding procedures, which clarifies how supervisors assess applications to acquire qualifying stakes in banks. The prudential assessment of acquisitions and increases of qualifying holdings in credit institutions is an essential tool to ensure effective supervision of the European financial system. The assessment of acquisitions and increases of qualifying holdings includes an analysis of the reputation ...
EBA updates list of institutions involved in the 2023 supervisory benchmarking ...
ID 22912
The EBA has published an updated list including the institutions, which are obliged to report within the framework of the 2023 EU supervisory benchmarking exercise. The purpose of this exercise is to aid Competent Authorities in evaluating the effectiveness and reliability of internal approaches implemented by financial institutions for determining risk-weighted exposure amounts. EBA conducts this assessment by **utilizing well-established data collection procedures and ...
ECB welcomes expert group recommendations on European banking supervision
ID 22793
The ECB published its Assessment of the European Central Bank’s Supervisory Review and Evaluation Process, which represents the results of an external assessment of the SREP, including recommendations to become more efficient and effective. Indeed, the SREP is a vital activity of ECB Banking Supervision during which supervisors assess the risks banks face and ensure that banks are managing those risks appropriately. The report ...
New consolidated version: Commission Implementing Regulation (EU) 2016/2070 of 14 ...
ID 22715
A new consolidated version of Commission Implementing Regulation (EU) 2016/2070 was published in the Official Journal (OJ) of the EU. The Implementing Regulation sets out the technical standards including the templates, definitions, and IT-solutions to be used by institutions when reporting to the European Banking Authority and to competent authorities the results of the calculations of their internal approaches for the exposures or positions ...
FI proposes update to its approach for assessing Pillar 2 guidance for Swedish banks
ID 22665
The Swedish financial market regulator Finansinspektionen (FI) has published a press statement to announce that it is seeking to revise its current so-called pillar 2 guidance which has been in place since 2020/2021 and which sets out recommendations for supervised institutions as regards additional capital buffer requirements based on their individual risk levels (determined by their stress test results). In a corresponding consultation paper, ...
Allgemeinverfügung Vergütungsanzeigen
ID 22595
Die BaFin hat die Allgemeinverfügung zu Vergütungsanzeigen zum Meldestichtag 31.12.2022 veröffentlicht, die sich auf die Vergütungsanzeigen der Banken bezieht, welche jährlich Daten zu den Einkommensmillionären unter ihren Mitarbeitenden, den sogenannten High Earners, nach Artikel 75 (3) Capital Requirements Directive (CRD) melden müssen, und zwar gemäß den überarbeiteten Leitlinien zu den Vergütungsanzeigen nach der Richtlinie 2013/36/EU (EBA/GL/2022/06 und EBA/GL/2022/08) d ...