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European Council: Non-performing loans: political agreement reached on capital requirements for banks' bad loans
The Council presidency and the European Parliament reached a provisional political agreement on capital requirements applying to banks with non-performing loans (NPLs) on their balance sheets. The deal will now be submitted for endorsement by EU ambassadors. View Article |
EBA publishes final Guidelines on disclosure of non-performing and forborne exposures
The disclosure will allow market participants and stakeholders to have a better picture of the quality of the banks' assets, the main features of their non-performing and forborne exposures, and in the case of more troubled banks, the distribution of the problematic assets and the value of the collateral backing those assets. View Article |
EBA sees further improvements in EU banks resilience but highlights challenges connected to profitability, funding and operational risk
The EBA published its annual report on risks and vulnerabilities in the EU banking sector. Overall, the EU banking sector has continued to benefit from the positive macroeconomic developments, which contributed to the increase in lending, further strengthening of banks' capital ratios and improvements in asset quality. Profitability has not yet reached sustainable levels. View Article |
EBA to run its next EU-wide stress test in 2020
In its meeting on 12 December 2018, the Board of Supervisors of the European Banking Authority (EBA) decided to carry out its next EU-wide stress test in 2020, in line with its previous decision to aim for a biennial exercise. View Article |
Basel Committee consults on disclosure requirement to address leverage ratio window-dressing
This consultative document seeks the views of stakeholders on revisions to leverage ratio Pillar 3 disclosure requirements to include disclosures of the leverage ratio exposure measure amounts of securities financing transactions, derivatives replacement cost and central bank reserves. View Article |
ECB decides on technical parameters for the reinvestment of its asset purchase programme
The Governing Council of the European Central Bank (ECB) decided on the technical parameters for the reinvestment of the principal payments from maturing securities purchased under its asset purchase programme (APP) after net asset purchases cease at the end of December 2018. View Article |
ECB will directly supervise 119 banks in 2019
The number of significant institutions that will be directly supervised by the European Central Bank (ECB) from 1 January 2019 stands at 119 following the annual review of significance and ad hoc assessments. The changes in significance statuses are the result of new group structures, license withdrawals, mergers and other developments. View Article |
ECB's De Guindos: Redesigning Europe’s financial landscape
The ECB's Vice president said that finalising EMU reforms, completing banking union and capital markets union must stand out as unquestionable objectives that will strengthen the financial system in the long run. View Article |
IMF Blog: Five actions to strengthen the euro area Banking Union
Dealing with problem banks in a prompt, efficient, and even-handed manner is essential for the European banking union. Much progress has been made, but more needs to be done to strengthen both institutions and practices. Authors outline the recommendations in this area proposed as part of the IMF’s recent assessment of the euro area financial sector. View Article |
EBA launches consultation to amend Regulation on benchmarking of internal models
The proposed changes aim at simplifying the portfolio's structure for the credit risk part of the exercise, and getting more insights into the model used for pricing for the market risk part of the exercise. View Article |
ESMA updates its Q&As regarding the Benchmark Regulation
ESMA updated its Questions and Answers on the Benchmarks Regulation (BMR). View Article |
ISDA FAQs on the procedures for excluding non-EU non-financial counterparties under the capital requirements regulation
These FAQs address the Regulatory Technical Standards published in the EU Official Journal in May 2018, which set out the procedures for excluding third-country non-financial counterparties (NFCs) from the Credit Value Adjustment (CVA) capital risk charge under the Capital Requirements Regulation. View Article |
EBA calls for more action by financial institutions in their Brexit-related communication to customers
As a follow up to its June 2018 Opinion on financial institutions' preparedness for the UK withdrawal from the EU, the EBA reminds affected financial institutions to maintain their efforts in effective contingency planning and to increase their efforts in communicating to customers. View Article |
Taxonomy: EBF responds to the EP draft report
EBF supports the holistic and harmonized approach of the European Parliament to the sustainability agenda. To mobilize the capital for sustainable activities, EBF recognizes the need to identify in a clear and operational manner what constitutes sustainable characteristics, improve transparency, data collection as well as step up the educational efforts. View Article |
FCA announces proposals to fundamentally reform the way banks charge for overdrafts and extends protections for high-cost credit products
The FCA has announced the next package of measures forming part of its high-cost credit review. It has announced proposals to change how banks charge for overdrafts, which would bring to an end to banks charging higher prices for unarranged overdrafts. Alongside this the FCA has published the results of its review into the retail banking market. View Article |
EBA consults on guidelines on ICT and security risk management
These Guidelines establish requirements for credit institutions, investment firms and payment service providers (PSPs) on the mitigation and management of their information and communication technology (ICT) risks and aim to ensure a consistent and robust approach across the Single market. View Article |
European Council: Payments in the EU: Council confirms political agreement to reduce charges and increase transparency
The EU is working towards making payments in euro cheaper. Soon, paying or withdrawing money in euros will cost the same price at home or anywhere in the EU. View Article |
EBA issues a call for expressions of interest to participate in its working group on APIs under PSD2
The EBA issued a call for expressions of interest to participate in its working group on Application Programming Interfaces under PSD2 (WG-API). The group will be composed of EBA staff, national competent authorities and representatives of a variety of external stakeholders, and will be chaired by the EBA. View Article |
EBA launches selection procedure to appoint new Chairperson
The Board of Supervisors of the EBA has launched an open selection procedure for the appointment of a new Chairperson following the appointment of the EBA's current Chairperson, Andrea Enria, to be the Chair of the Supervisory Board of the Single Supervisory Mechanism from 1 January 2019. View Article |