Brexit
Please see the Other Developments section for the MoU agreed between the ECB, FCA and BoE on post-Brexit supervisory cooperation, effective from 1 January.
Capital Markets
Please see the Markets and Markets Infrastructure section for a speech by Mairead McGuinness, European Commissioner for Financial Services, Financial Stability, and Capital Markets Union on future regulatory developments.
Consumer / Retail
Please see the Markets and Markets Infrastructure section for a statement by Steven Maijoor, ESMA Chair, to the EP’s Economic and Monetary Affairs Committee relating to GameStop share trading and related phenomena.
FCA finalised guidance for firms on the fair treatment of vulnerable customers
CRR: European Commission adopts Delegated Regulation on specialised lending exposures
The European Commission has adopted a Delegated Regulation in respect of regulatory technical standards (RTS) for assigning risk weights to specialised lending exposures under Article 153(9) of the Capital Requirements Regulation (CRR). The draft RTS specify how institutions should take into account the factors of financial strength, political and legal environment, transaction and asset characteristics, strength of the sponsor and developer, and security package when assigning risk weights to specialised lending exposures in respect of which an institution is not able to estimate probabilities of default (PDs) or the institutions PD estimates do not meet the requirements set out in Section 6 of Chapter 3 (Internal Ratings Based (IRB) Approach) of Title II of Part Three of the CRR.
EBA Issues Opinion To The European Commission On The Proposed Amendments To The EBA Final Draft RTS On IRB Assessment Methodology mondovisione.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondovisione.com Daily Mail and Mail on Sunday newspapers.