Update on the unavailability of deposits at Baltija Credit Union following license cancellation by the Bank of Lithuania in 2017 – covers deposit reimbursement process, asset dissipation investigation, and payouts to 1,025 depositors totaling EUR 11.51 million under Lithuania’s deposit insurance scheme.
The Joint Committee of the three European Supervisory Authorities (EBA, ESMA and EIOPA – ESAs) published its draft Implementing Technical Standards (ITS) on the mapping of the credit assessments to risk weights of External Credit Assessment Institution (ECAIs). These ITS will be part of the Single Rulebook in banking aimed at enhancing regulatory harmonisation across the European Union (EU).
These draft Implementing Technical Standards (ITS) are on the allocation of External Credit Assessment Institution (ECAIs) to an objective scale of credit quality steps under Solvency II.
The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published today two amended Implementing Technical Standards (ITS) on the mapping of credit assessments of External Credit Assessment Institutions (ECAIs) for credit risk. The amendments reflect the recognition of five new credit rating agencies (CRAs) and the deregistration of one CRA. The ITS are part of the EU Single Rulebook for banking and insurance aimed at creating a safe and sound regulatory framework consistently applicable across the European Union (EU).
Joint draft RTS on the implementation of group wide AMLCFT policies in third countries (JC 2017 25)
The Breach of Union Law Panel of the European Banking Authority (EBA) decided to close the breach of Union Law investigation (BUL) on Dutch supervisory regime governing proprietary traders it had opened against the Dutch Central Bank (DNB). The BUL panel’s conclusion followed the decision taken by the DNB on 13 November 2017 to redress the breach of Union law by terminating the current national prudential framework for traders for own account. The DNB will notify the EBA on capital conservation plans adopted by the firms concerned and the EBA will monitor the application of these transitional measures.
The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published today its draft regulatory technical standards (RTS) specifying how credit and financial institutions should manage money laundering and terrorist financing (ML/TF) risks at group level where they have branches or majority-owned subsidiaries based in third countries whose laws do not permit the application of group-wide policies and procedures on anti-money laundering and countering the financing of terrorism (AML/CFT). These RTS are part of the ESAs' wider work on fostering a common approach to AML/CFT and will contribute to creating a level playing field across the European Union's financial sector.
The Joint Committee of the European Supervisory Authorities (ESAs) – EBA, EIOPA and ESMA – published today the 2017 list of identified financial conglomerates.
EBA guidelines establishing complaint procedures for alleged infringements of PSD2 (Directive (EU) 2015/2366), outlining requirements for competent authorities to handle complaints from payment service users, providers, and consumer associations by February 2018.