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Reuters: G20 proposes buffer to end too-big-to-fail banks
The draft rule is the last major piece of banking reform put forward by world leaders since the 2007-09 financial crisis forced taxpayers to shore up undercapitalised lenders.
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Bloomberg: Draghi summons banking know-how for top posts as ECB role shifts
Draghi is seeking people who can handle the new powers the ECB gained when it became the euro-area banking supervisor.
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Financial Times: European banks’ riskier debt deals nearly double
Issuance of subordinated debt – which would suffer losses during a default before senior debt in a bank’s capital hierarchy – have risen by 80 per cent year on year to $122.4bn so far in 2014 according to Dealogic, the data provider.
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Reuters: Regulators fine global banks $3.4 billion in forex probe
Penalties were imposed on major banks, including UBS, HSBC, Citigroup, Royal Bank of Scotland and JP Morgan
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ESA’s budget 2015 – ensuring safe financial markets
Letter to ECOFIN: ESAs are concerned about negotiations for the EU budget 2015 and budgetary constraints of ESAs.
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EBA consults on valuation in recovery and resolution
Draft RTS aim to provide a common structure to decisions made by resolution authorities and independent valuers, and promote a consistent application of methodologies for such valuations across the EU.
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EBA consults on assessment methodology for IRB approach
EBA's draft RTS are a key component of its work to ensure consistency in models outputs and comparability of risk-weighted exposures.
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EBA consults on guidelines on the use of the bail-in power
The Guidelines aim to ensure that bail-in power is an effective way of absorbing losses and recapitalising banks in resolution, and that resolution authorities and other stakeholders have a clear understanding of the terms on which it should be applied.
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EBA consults on methods for calculating contributions to Deposit Guarantee Schemes
The Guidelines set principles and specify necessary elements for calculating risk-based contributions to DGSs.
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EBA consults on guidelines on product oversight and governance arrangements for retail banking products
The guidelines aim at ensuring that the interests, objectives and characteristics of consumers are taken into account when banking products are designed and brought to market.
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Bank of England: CRD IV: policy statement on data collection for remuneration practices
All respondents agreed with the PRA’s and FCA’s approach to implementing the EBA Guidelines on both the High Earners Report and the Benchmarking Report. The scope for PRA-regulated firms remains unchanged.
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FSB reports to G20 on Progress in Reforming Resolution Regimes and Resolution Planning
The report reviews what has been achieved so far and sets out further actions to implement the Key Attributes of Effective Resolution Regimes for Financial Institutions.
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BCBS: Information on national discretions published by the Basel Committee
Discretions can be useful when differences in the structure and development of financial systems warrant different approaches.
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BCBS: Reports by the Basel Committee on measures to reduce risk-weighted asset variability and on Basel III implementation
Stefan Ingves: "All Committee member jurisdictions have adopted the Basel III risk-based capital regulations, and most are well on the way to implementing the liquidity coverage ratio."
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EPC: Next steps to create the digital single market: e-invoicing continues to grow
This blog catalogues in brief a number of significant developments and patterns.
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