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ESAs publish final draft ITS on reporting templates for intra-group transactions and risk concentration under FICOD

News 18 Jan 2021 The European Supervisory Authorities - ESAs (the European Banking Authority, the European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority) submitted today to the European Commission the final Report on the draft Implementing Technical Standards (ITS) under the Financial Conglomerates Directive (FICOD) on reporting templates for intra-group transactions (IGT) and risk concentration (RC). The draft ITS aim at further increasing comparability amongst conglomerates of different EU Member States thereby improving supervisory consistency. The harmonisation of the IGT and RC templates for conglomerates aim to align the reporting under FICOD in order to enhance convergence overview on group specific risks, in particular contagion risk. The draft ITS provide the foundation for the harmonisation of reporting, with one single set of templates and common definitions and instructions to fill in the templates as set out in the Ann

EBA Publishes Final Draft Technical Standards On Impracticability Of Contractual Recognition Under The BRRD Framework

EBA Publishes Final Draft Technical Standards On Impracticability Of Contractual Recognition Under The BRRD Framework Date 23/12/2020 The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) and final draft Implementing Technical Standards (ITS) on impracticability of contractual recognition of bail-in powers under the Bank Recovery and Resolution Directive (BRRD). These standards, which aim at ensuring the harmonised application of instances of impracticability of contractual recognition of bail-in powers, are part of the EBA s work to implement the BRRD. Where contracts are governed by the law of a third country, the BRRD requires that these contracts include a contractual recognition term by which the parties acknowledge that the contract may be subject to bail-in powers and agree to be bound by their effect. In certain situations, it might be legally or otherwise impracticable to achieve contractual recognition of the bail

MIL-OSI Europe: EBA updates reporting framework 3 0 and technical standards on Pillar 3 disclosure

MIL-OSI Europe: EBA updates reporting framework 3 0 and technical standards on Pillar 3 disclosure
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EBA Updates Reporting Framework 3 0 And Technical Standards On Pillar 3 Disclosure

EBA Updates Reporting Framework 3.0 And Technical Standards On Pillar 3 Disclosure Date 22/12/2020 The European Banking Authority (EBA) published today an update to the reporting framework 3.0 and the Implementing Technical Standards (ITS) on institutions’ Pillar 3 public disclosures. These updates are the result of the European Commission’s adoption of the ITS on Supervisory Reporting (v3.0) on 17 December, the EBA publication of the revised version of the mapping between disclosures and reporting, and the  EBA release of phase 1 of its technical package on the reporting framework v3.0. EC adoption of ITS on Supervisory Reporting (v3.0) The EBA updated its website to reflect the European Commission’s adoption of the Supervisory Reporting Implementing Act and its Annexes, which included changes introduced by the revised Capital Requirements Regulations (CRR2) and the Prudential Backstop Regulation.

EBA Launches Consultation To Amend Standards On Benchmarking Of Internal Models

EBA Launches Consultation To Amend Standards On Benchmarking Of Internal Models Date 17/12/2020 The European Banking Authority (EBA) published today a consultation paper proposing to amend the EU Commission’s Implementing Regulation on the benchmarking of credit risk, market risk and IFRS9 models so as to include some new elements for the 2022 exercise. The EBA benchmarking exercise forms the basis for both supervisory assessment and horizontal analysis of internal models. It ensures consistent monitoring of the impact of the several different supervisory and regulatory measures aiming at the harmonising capital requirements in the EU. For each of the three areas, the EBA is proposing to include the following new elements: i) for credit risk, additional information on the level of conservatism embedded in the IRB risk parameters; iii) for market risk, new sensitivities related to the so-called sensitivities-based method, in line with the new FRTB framework; and iii) for th

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