Page 21 - Resolution Directive News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Institutional protection schemes in Europe publish joint declaration in support of a strong banking union Nachrichtenagentur: news aktuell  |  16.04.2021, 13:45  |  56  Austria, Germany, Italy, Poland, and Spain have published a joint declaration on their role within a strong banking union. By making this declaration, the institutional protection schemes wish to contribute to the political discussions currently taking place at European level. The signatories to the declaration are calling for the institutional protection sche...

This week reports on recent EU regulatory developments focussing on banking and finance.  Contents EU CRR: Corrigendum to Commission Implementing Regulation containing ITS on reporting requirements for market risk CRD: Delegated Regulation amending RTS on methodology for identification of G-SIIs and definition of subcategories of G-SIIs Bail-in for international debt securities: SRB guidance Delegated Regulation amending arrangements for payments of contributions to SRB's administrative expenditures BRRD: European Commission adopts Delegated Regulation containing RTS on estimating Pillar 2 a...

Yves here. The media has focused on Covid developments, and in the US, the pitched battles over the stimulus package. What is widely acknowledged by those paying attention is that the European stimulus is way too small, and that was before the prospect of yet another set of lockdowns was in the offing. Italian banks were looking plenty wobbly even before Covid took hold, and they’ve long been seen as big enough to have the potential to set off a wider conflagration. Given the serious and continuing costs of Covid, the EU’s budget short-sightedness will produce avoidable damage to business...

Marina Conesa Martínez, Giulia Lotti, Andrew Powell The current pandemic crisis is challenging the banking system along both known and unknown tracks (Carletti et al. 2020, Beck and Keil 2021). While the accumulation of non-performing loans (NPLs) on banks’ balance sheets is typical for country-wide macroeconomic crises, there are several other characteristics of the pandemic that are not: first, the extraordinary cross-sector differences in the crisis’ impact (Demmou et al. 2021); second, the significant fiscal support addressing firms and households (Aussiloux et al. 2021); and third,...

To embed, copy and paste the code into your website or blog: Recent UK and EU regulatory developments focussing on banking and finance. See also our Financial institutions general regulatory news and other sector news in the Related Materials links. Contents Resolvability Assessment Framework: BoE Dear CEO letter End of Brexit transition period: PRA statement on EBA guidelines and EU RTS relating to approaches to credit risk EU Crowdfunding Regulation: ESMA Q&As EU crisis management and deposit insurance framework: European Commission consultation EU CRR: EBA final report on draft RTS for det...