European Banking Authority (EBA) guidelines amending EBA/GL/2018/10 on disclosure of non-performing and forborne exposures – updating requirements for small, non-complex, and other credit institutions under EU Regulation 575/2013, effective December 2022.
European Forum for Innovation Facilitators (EFIF) October 2022 meeting minutes – covering updates on innovation facilitators, crypto assets, NFTs, EU Digital Finance Platform progress, 2023 work programme priorities, and RegTech solutions for ESG and regulatory reporting.
Resolvability Testing Guidelines - background and key mesures
The European Banking Authority (EBA) today published its final Regulatory Technical Standards (RTS) on specific liquidity measurement for investment firms under the Investment Firms Directive (IFD). These RTS will ensure that all competent authorities follow the same harmonised approach when adopting the decision to impose further liquidity requirements to an investment firm.
Draft Regulatory Technical Standards on specific liquidity measurement for investment firms
EBA and ESMA joint Q&A update from November 2022 clarifying PRIIPs Key Information Document (KID) requirements, covering risk assessment, performance scenarios, cost calculations, and product-specific guidance for investment funds, derivatives, and insurance-based products.
European Supervisory Authorities (ESAs) notify the European Commission of a six-month delay in reviewing principal adverse impact indicators and financial product disclosures under the SFDR Delegated Regulation, citing technical complexity and extensive stakeholder consultations.
Keynote speech
EBA statement in the context of COP27
The European Banking Authority (EBA) published today its environmental statement in the context of the 2022 United Nations Climate Change Conference (COP27), highlighting its work aimed at increasing sustainability in the banking sector by enhancing market transparency and discipline and by translating sustainability considerations into risk management practices and supervision. The EBA also presented its priorities and activities to ensure a robust management of ESG (environmental, social and governance) risks and adequate supervision.
Opinion on the set-up and operationalisation of Intermediate EU Parent Undertaking(s)
The European Banking Authority today published an Opinion to clarify the framework applicable to the set-up and operationalisation of intermediate EU parent undertakings (IPUs) by third country groups (TCGs) operating in the EU. This Opinion, which is addressed to the competent and resolution authorities, aims to ensure a harmonised and effective application throughout the Union of the requirement introduced by Article 21b of the revised Capital Requirements Directive (CRD5).
The European Banking Authority (EBA) published today the final methodology, draft templates and template guidance for the 2023 EU-wide stress test along with the milestone dates for the exercise. The methodology and templates cover all relevant risk areas and have considered the feedback received from industry. The stress test exercise will be launched in January 2023 with the publication of the macroeconomic scenarios. The results will be published by the end of July 2023.
Minutes