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Statement on supervisory reporting and Pillar 3 disclosures in light of COVID-19

disclosures in light of COVID-19 In response to the global outbreak of the Corona virus (COVID-19 outbreak) and its spread in Europe particularly since February 2020, the EBA issued a statement on actions to mitigate the impact of COVID-19 outbreak on the...immediate future, the EBA considers that they need to concentrate their efforts on monitoring and assessing the impact of the COVID-19 outbreak as well as ensuring business continuity. At the same time, market participants and competent and resolution authorities...times when the financial system faces turbulences caused by extraordinary situations. Considering the potential impact of the COVID-19 outbreak on the economy in the near future, it is important to have key prudential information on capital, risks, liquidity...Statement on supervisory reporting and Pillar 3 disclosures in light of COVID-19

Publication date: 31/03/2020 (Last update: 31/03/2020)

EBA Statement on Coronavirus

1 12 March 2020 Press and Communications Press Release EBA statement on actions to mitigate the impact of COVID-19 on the EU banking sector  EU-wide stress test postponed to 2021 to allow banks to prioritise operational continuity ...authorities should make full use, where appropriate, of flexibility embedded in existing regulation Background The outbreak of COVID-19 (Coronavirus) and its global spread since February has created significant immediate challenges to society and risks for

Publication date: 31/03/2020 (Last update: 31/03/2020)

Statement on the application of the prudential framework regarding Default, Forbearance and IFRS9 in light of COVID-19 measures

Default, Forbearance and IFRS9 in light of COVID- 19 measures The EBA supports the measures taken and proposed by national governments and EU bodies to address the adverse systemic economic impact of the COVID-19 pandemic in the form of general moratorium...and provide critical functions to the economy. The EBA is of the view that the public and private moratoria, as a response to COVID-19 epidemic to the extent they are not borrower specific but rather addressed to broad ranges of product classes or customers...restructure the loans where necessary. This is particularly relevant in light of the moratoria being activated as a result of the COVID-19 pandemic. The EBA guidelines on the application of the definition of default already explicitly account for the possibility...Statement on the application of the prudential framework regarding Default, Forbearance and IFRS9 in light of COVID-19 measures

Publication date: 25/03/2020 (Last update: 25/03/2020)

Statement on consumer and payment issues in light of COVID19

25 March 2020 Statement on consumer and payment issues in light of COVID19 1. In the light of the exceptional circumstances caused by the spread of COVID-19 across the globe, there is also a need to adopt appropriate measures to contribute...services across the EU. 2. As part of the response to the COVID-19 pandemic, governments and financial institutions are taking immediate measures to mitigate the adverse systemic impact that COVID-19 may have on citizens and corporates, mainly SMEs, short-term...contactless or remote payments; - calls on payments services providers (PSPs) to contribute to measures that limit the spread of COVID-19 and, to that end, to facilitate consumers’ ability to make payments without the need for physical contact, by making use of...Statement on consumer and payment issues in light of COVID19

Publication date: 25/03/2020 (Last update: 25/03/2020)

BSG response to EBA Communication to Competent Authorities on Covis-19 measures

  Dear  Mr  Campa,   Due  to  the  exceptional  emergency  created  by  the  spread  of  the  Covid-­‐19  infection  in  Europe,  the  Banking   Stakeholder   Group   (BSG)   welcomes   the   EBA   Communication...difficulties” caused by “exceptional occurrences beyond its control.” https://www.project-syndicate.org/commentary/avoding-eurozone- covid19-economic-crisis-by-daniel-gro-2020-03     2   difficult   to   access,   if   not   totally   closed ...   Covid-­‐19   (e.g.   a   moratorium   tool   for   instalment   payments   for   sound   borrowers)  along  with  other  exceptional  measures  deemed  necessary  to  minimise  the   impact   of  COVID-­‐19

Publication date: 12/03/2020 (Last update: 18/03/2020)

Second part of CEBS technical advice to the European Commission on the review of commodities business under Article 48 of Directive 2006/49/EC 

with  the  Law  on  State  Budget  CYPRUS  Cyprus Energy Regulatory Authority (CERA)  81­83 Gr. Digeni Avenue,  3rd Floor, Iacovides Tower  1080 Nicosia  Tel: +357 22 666363  Fax: +357 22 667763  E­mail: cioannou@cera.org.cy  Web: http://www.cera.org.cy 

Publication date: 25/06/2008 (Last update: 24/06/2008)

Second part of CEBS technical advice to the European Commission on the review of commodities business under Article 48 of Directive 2006/49/EC - Assessment of the prudential risks that arise form the conduct of commodities business and the activities of firms carrying out commodities business

the  Law  on  State  Budget.  CYPRUS  Cyprus Energy Regulatory Authority (CERA)  81­83 Gr. Digeni Avenue,  3rd Floor, Iacovides Tower  1080 Nicosia  Tel: +357 22 666363  Fax: +357 22 667763  E­mail: cioannou@cera.org.cy  Web: http://www.cera.org.cy 

Publication date: 25/06/2008 (Last update: 24/06/2008)

EBA statement on actions to mitigate the impact of COVID-19 on the EU banking sector

regulationBackgroundThe outbreak of COVID-19 (Coronavirus) and its global spread since February has created significant immediate challenges to society and risks for the economic outlook. Although the long-term magnitude...EBA statement on actions to mitigate the impact of COVID-19 on the EU banking sector

Publication date: 12/03/2020 (Last update: 25/03/2020)

EBA publishes Guidelines on treatment of public and private moratoria in light of COVID-19 measures

Following the publication of its statement on the application of the prudential framework regarding default, forbearance and IFRS9 in light of COVID-19 measures, the European Banking Authority (EBA) published today more detailed guidance on the criteria...Following the publication of its statement on the application of the prudential framework regarding default, forbearance and IFRS9 in light of COVID-19 measures, the European Banking Authority (EBA) published today more detailed guidance... businesses and individuals resulting from the impact of COVID-19.  In this context, the Guidelines clarify that payment moratoria do not trigger classification as forbearance or distressed restructuring if the measures taken are based...EBA publishes Guidelines on treatment of public and private moratoria in light of COVID-19 measures

Publication date: 02/04/2020 (Last update: 25/05/2020)

EBA launches additional EU-wide transparency exercise

The European Banking Authority (EBA) launched today an additional EU-wide transparency exercise to provide market participants with updated information on the financial conditions of EU banks as of 31 December 2019, prior to the start of the COVID-19 pandemic. The EBA expects to publish the results of this exercise at the beginning of June. ..., prior to the start of the COVID-19 pandemic. The EBA expects to publish the results of this exercise at the beginning of June. The 2020 spring EU-wide transparency exercise that we are launching today

Publication date: 04/05/2020 (Last update: 25/05/2020)

Joint RTS on amendments to the bilateral margin requirements under EMIR in response to the COVID-19 outbreak

The European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs), in response to the COVID-19 outbreak have published joint draft Regulatory Technical Standards (RTS) to amend the Delegated Regulation on the risk... of the bilateral margin requirements, in order to provide additional operational capacity for counterparties to respond to the immediate impact of COVID-19. The ESAs draft RTS present the changes to the Delegated Regulation on bilateral margining to incorporate... with the treatment of physically settled FX forward and swap contracts, intragroup contracts, equity option contracts and the implementation of the initial margin requirements. However, in response to the Covid-19 outbreak, the Final Report and the draft RTS have now...Joint RTS on amendments to the bilateral margin requirements under EMIR in response to the COVID-19 outbreak

Publication date: 04/05/2020 (Last update: 25/05/2020)

EBA publishes final draft technical standards on specific reporting requirements for market risk

%20risk%20in%20the%20COVID-19.pdf">EBA Statement on the application of the prudential framework on targeted aspects in the area of market risk in response to the COVID-19 outbreak, published on 22 April 2020, the reporting requirements are expected...%20use%20of%20flexibility%20in%20relation%20to%20COVID-19%20and%20Calls%20for%20heightened%20attention%20to%20risks/882755/EBA%20Statement%20on%20the%20application%20of%20the%20prudential%20framework%20on%20targeted%20aspects%20in%20the%20area%20of%20market

Publication date: 04/05/2020 (Last update: 25/05/2020)

EBA issues Opinion on measures to address macroprudential risk following notification by French High Council for Financial Stability (HCSF)

NFCs is appropriate with a view to promoting financial stability and preventing future systemic shocks to the French and EU economies. The EBA also encourages the French authorities to monitor closely the developments during the COVID-19 pandemic

Publication date: 27/05/2020 (Last update: 27/05/2020)

EBA sees considerable achievements in supervisory convergence and good level of engagement in supervisory colleges across the EU

for prudential supervisors. These topics for supervisory attention for 2020 have become even more relevant in the context of this COVID-19 crisis. The plan makes reference to the significant supervisory efforts and resources that will be dedicated to monitoring... the crisis preparedness of institutions in 2020 and further implications of COVID-19 on credit institutions` operations and financial soundness. Note to the editorsArticle 107 of the Capital Requirements

Publication date: 29/05/2020 (Last update: 29/05/2020)

EBA issues Guidelines to address gaps in reporting data and public information in the context of COVID-19

The European Banking Authority (EBA) published today its Guidelines on reporting and disclosure of exposures subject to measures applied in response to the COVID-19 crisis. These Guidelines follow the implementation of a broad range of measures...The Guidelines address, in a proportionate way, data gaps in supervisory reporting and disclosure associated with the measures to deal with the COVID-19 crisis.

Publication date: 02/06/2020 (Last update: 02/06/2020)

EBA consults on Guidelines on the appropriate subsets of exposures in the application of the systemic risk buffer

be sent to the EBA by clicking on the "send your comments" button on the consultation page. Please note that that that due to the current Covid-19 situation the deadline for the submission of comments has been extended to 13 July 2020. All contributions

Publication date: 12/02/2020 (Last update: 31/03/2020)

EBA publishes final draft standards on key areas for the EU implementation of the FRTB

models.In light of the current situation linked to COVID-19, these RTS will not impose a burden on the industry today. On the contrary, the EBA trusts that providing early information to all market participants about key aspects for the EU

Publication date: 27/03/2020 (Last update: 16/04/2020)

EBA launches a consultation on draft RTS on the treatment of non-trading book positions subject to foreign-exchange risk or commodity risk under the FRTB framework

your comments" button on the consultation page. Please note that that due to the current Covid-19 situation the deadline for the submission of comments has been extended to 10 June 2020.A public hearing will then take place at the EBA premises

Publication date: 13/01/2020 (Last update: 29/04/2020)

EBA updates impact of the Basel III reforms on EU banks’ capital and compliance with liquidity measures

, these results do not reflect the economic impact of the coronavirus disease (Covid-19) on participating banks. Overall, the EBA estimates that the Basel III reforms, once fully implemented in 2028 after the additional delay of one year agreed by the Basel... date, these results do not reflect the economic impact of the coronavirus disease (Covid-19) on participating banks. Overall, the EBA estimates that the Basel III reforms, once fully implemented in 2028 after the additional delay of one year agreed... prior to the Covid-19 episode.EBA report on liquidity measuresThe semi-annual update of the EBA Report on liquidity measures, based on data prior to the Covid-19 epidemics, shows that EU banks have continued to improve

Publication date: 07/04/2020 (Last update: 22/04/2020)

EBA consults on the future of the EU-wide stress test framework

on the "send your comments" button on the consultation page. Please note that due to the current Covid-19 situation the deadline for the submission of comments is has been extended to 30 June 2020.A public hearing will take place at the EBA premises on 21

Publication date: 22/01/2020 (Last update: 25/03/2020)