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ESAs publish statement clarifying securitisation disclosure requirements and consolidated application of securitisation rules for credit institutions
The European Supervisory Authorities (ESAs – European Banking Authority, European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority) have published a statement in response to industry concerns relating to severe operational challenges both in meeting the transitional provisions of the Securitisation Regulation disclosure requirements, as well as in complying with the EU requirements on risk retention, transparency, re-securitisation and criteria for credit-granting obligations on a consolidated basis by EU credit institutions engaged in local securitisation activities in third countries.
EBA provides overview of Competent Authorities implementation and transposition of the CRD IV package
The European Banking Authority (EBA) updated today all the information disclosed by EU Competent Authorities according to its Implementing Technical Standards (ITS) on supervisory disclosure, which was published in the EU Official Journal on 4 June 2014. This information, published in an aggregated format, provides an overview of the implementation and transposition of the Capital Requirements Directive (CRD IV) and Capital Requirements Regulation (CRR) across the EU. It also provides a detailed picture of the use of options and national discretions by each Competent Authority as well as information on the general criteria and methodologies used for the purpose of the supervisory review and evaluation process (SREP). Through such disclosure, the EBA remains committed to providing meaningful comparisons across the EU and to promoting convergence.
ESAs 2018 25 - Final Report - Bilateral margining (novation).pdf
Eligibility criteria grid - EAS STAT CA 09 2018.docx
Eligibility criteria
EAS STAT CA 09 2018 - Policy Support Officer_FG IV.pdf
Vacancy notice
EBA GL 2015 07- Compliance Table-GLs on failing or likely to fail under Article 32-6 of Directive 2014-59 EU.pdf
ESAs propose to amend bilateral margin requirements to assist Brexit preparations for OTC derivative contracts
The European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA), together the European Supervisory Authorities (ESA), have today published a final report with draft regulatory technical standards (RTS) proposing to amend the Commission Delegated Regulation on the risk mitigation techniques for OTC derivatives not cleared by a CCP (bilateral margin requirements) under the European Market Infrastructure Regulation (EMIR). The draft RTS propose, in the context of the United Kingdom’s (UK) withdrawal from the European Union (EU), to introduce a limited exemption in order to facilitate the novation of certain OTC derivative contracts to EU counterparties during a specific time-window. The amendments would only apply if the UK leaves the EU without the conclusion of a withdrawal agreement – a no deal scenario. The draft RTS complement the similar proposal published by ESMA on 8 November with respect to the clearing obligation.