Events listed in [EBA] European Banking Authority
EBA consults on amendments to the Guidelines on money laundering and terrorist ...
ID 23479
EBA started a consultation on proposed amendments to its Guidelines on ML/TF risk factors. The suggested changes aim to expand the scope of these Guidelines to include CASPs. The consultation period will last until 31 August 2023. CASPs, as well as other credit and financial institutions, face ML/TF risks. However, **CASPs are particularly exposed to increased risks due to factors such as the use ...
EBA publishes results on impact and calibration of standardised approaches for ...
ID 23473
EBA released a report on the impact and calibration of various standard approaches to CCR, the report focused on the SA-CCR and OEM. The introduction of new CCR standard methods in the EU resulted in an estimated aggregate impact of -7.2% on EV, with a median bank experiencing a 31% increase. Larger banks generally had negative impacts, while banks with smaller derivative business had ...
EBA consults on new RTS and ITS on supervisory colleges
ID 23472
EBA started a public consultation on draft RTS and ITS concerning the functioning of supervisory colleges under CRD. The proposed technical standards aim to enhance the alignment between Level 1 regulation and the Level 2 framework for supervisory colleges, promoting more efficient and effective supervision of cross-border banking groups. The updates to the RTS and ITS are primarily based on the **requirements outlined in ...
EBA Peer Review finds credit valuation adjustment risk is overall supervised ...
ID 23471
EBA published a peer review report on the exclusion of transactions with non-financial counterparties established in a third country from CVA risk. The peer review focused on four competent authorities and analyzed their supervisory practices regarding the assessment of CVA risk and the exclusion of transactions with non-financial counterparties from own funds requirements for CVA risk. The review aimed to strengthen **consistency and effectiveness ...
3 Q&As on CRR: Supervisory reporting
ID 23432
EBA has published the following 3 new Q&As regarding issues relating to the CRR: 2022_6528 – Supervisory reporting – COREP (incl. IP Losses) – Reporting of SA exposures in IRB-CIU look-through QUESTION: Do CIU exposures for which the IRB look-through approach is applied, but which are subject to the Standardised Approach for calculating the risk-weighted exposure amount as per Article 152(4), point (c), of ...
ESAs publish Joint Annual Report for 2022
ID 23359
The Joint Committee of the ESAs released its 2022 Annual Report, focusing on cross-sectoral issues in the European financial sector. Key areas of focus included joint risk assessment, sustainable finance, digitalization, consumer protection, securitization, financial conglomerates, and central clearing. Progress was made on the SFDR and the DORA. The committee identified vulnerabilities across the financial sector, such as **inflation, deteriorating asset quality, environment ...
EBA GL 2016 07-CT GLs on application of the definition of default
ID 23342
Following the publication of the Guidelines on the application of the definition of default under Article 178 of Regulation (EU) No 575/2013 which became applicable from 1 January 2021, the ESMA has published an updated version of the corresponding compliance table. The table sets out which member states comply or intend to comply with the guidelines and – in latter case – by which ...
EBA GL 2017 06-CT GLs on credit institutions credit risk management
ID 23341
Following the publication of the Guidelines on credit institutions’ credit risk management practices and accounting for expected credit losses which became applicable on or after 1 January 2018, the ESMA has published an updated version of the corresponding compliance table. The table sets out which member states comply or intend to comply with the guidelines and – in latter case – by which date ...
EBA revised templates for reporting of deposits subject to Russian and Belarusian ...
ID 23338
EBA updated templates for reporting of deposits subject to Russian and Belarusian economic sanctions, reflecting the „latest changes in the Sanctions Regulations and the experience gained in a first year of reporting“ and aiming at „fostering a convergent approach and reducing reporting costs“. To support the Commission, the EBA has developed a „template for the annual reporting of information on deposits subject to the ...
EBA publishes Report on holdings of eligible liabilities issued by G-SIIs and O-SIIs
ID 23261
EBA published a report on the holdings of MREL instruments by G-SIIs and O-SIIs. The report found that as of 31 December 2021, the holdings of these instruments were small, and the direct contagion risks were limited. More than half of the resolution banks in the sample had exposures to eligible liabilities issued by G-SIIs and other O-SIIs **below 2% of MREL and 0.6% ...