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ECB/Cœuré: Implications of bail-in rules for bank activity and stability
Cœuré's speech focused on the BRRD and in particular the introduction of creditor-funded recapitalisation - otherwise known as bail-in. He looked at how this is likely to affect bank funding and lending, and therefore the financing of the recovery.
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Speech by ECB/Mersch at the ESE conference: A regime change in supervision and resolution
Mersch discussed how to ensure that Banking Union was 'not just a label', and that it was able to initiate a genuine regime change in the way banks are supervised and resolved.
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Speech by EBA/Enria at ESE Conference: The new role of the EBA in the Banking Union
The tasks of the EBA remain fundamentally the same, but the Banking Union represents a major shift in the institutional set-up, which is triggering an important adjustment for the EBA.
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Speech by Bundesbank/Lautenschläger at ESE conference: Supervisors without borders
"The Banking Union can succeed only if every single one of us, supervisors and supervised alike, is ready to take action and welcome the new."
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FT: Europe's banks undervalued, says ECB deputy Vítor Constâncio
Constâncio, the man in charge of setting up the safety-testing of the eurozone's banking system, said that Europe's banks were just as strong as US rivals and were being unjustly undervalued by investors.
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Jens Weidmann: Stop encouraging banks to buy government debt
The current regulatory treatment is incompatible with the principle of individual responsibility, writes the Bundesbank president in an article for the FT.
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Bundesbank/Nagel: How market segments changed over the crisis - Challenges for future banking
Nagel looked at changing market conditions and their impact on banking, as well as different regulatory aspects. "The interconnectedness between banks and their home country has to be monitored closely as it holds a strong contagion risk", he said.
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CER/Whyte: Banking Union – Or Potemkin village?
The structure which is emerging may be that which best reflects political realities in the eurozone, but it does not look like a particularly stable one.
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EBA publishes final draft RTS on close correspondence for own-issued covered bonds
EBA published its final draft RTS on close correspondence between the fair value of an institution's covered bonds and the fair value of its assets. These RTS will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the EU.
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EBA issues Work Programme for 2014
The Work Programme describes the main objectives and deliverables of the EBA in the forthcoming year. Activities will focus on three core areas: regulation, oversight and consumer protection.
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BoE: A framework for stress-testing the UK banking system – Discussion paper
This discussion paper sets out proposals for annual, concurrent stress tests of the UK banking system. Its aim is to elicit feedback from interested parties to help inform FPC and PRA Board decisions over the ultimate design of the stress tests. Comments are requested by 10 January, 2014.
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BoE/Tucker: The reform of international banking – Some remaining challenges
Tucker sketched a few of the issues in banking regulation that he thinks will confront policymakers.
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Richard Barley: ECB, BoE are poles apart
Just 21 miles separate Europe and the UK at the English Channel's narrowest point, writes Barley for the WSJ. But in monetary policy terms, a gulf is becoming apparent. (Includes link to ECB/Draghi remarks.)
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EPC publishes clarification letter on electronic mandates
The letter addresses the current uncertainty among SDD scheme participants and other interested parties around the question of acceptance of electronic mandate solutions under the SDD Rulebooks.
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