News Centre

EBA Reviews Final Q&As Against Revised Legislation

Date 31/03/2021

The European Banking Authority (EBA) reviewed Q&As published in its Single Rulebook Q&A tool against the revised Capital Requirements Regulation (CRR), Capital Requirements Directive (CRD) and Bank Recovery and Resolution Directive (BRRD). The published Q&As were updated in line with the revised legal acts, and the outcome has been reflected in the Q&A tool. An overview of all the reviewed Q&As is available here.

BIS: Basel Committee Issues Principles For Operational Resilience And Risk

Date 31/03/2021

• Principles for operational resilience aim to increase banks' capacity to withstand disruptions due to potentially severe events.
• Revised principles on operational risk focus on change management and information and communication technologies (ICT).
• Covid-19 has made operational resilience and mitigating operational risk even more important.

EBA Launched Public Consultation On Regulatory Technical Standards On Disclosure Of Investment Policy By Investment Firms

Date 31/03/2021

• The draft technical standards specify the information that investment firms have to make public to show their influence over the companies in which they have voting rights.
• The standards put forward comparable disclosures and detailed instructions on investment firms’ voting rights, voting guidelines and voting behaviour.

The European Supervisory Authorities Issue A Report On The Application Of Their Guidelines On Complaints-Handling

Date 31/03/2021

The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published today a Report on the application of their Guidelines on complaints-handling. The Report concludes that the Guidelines have contributed to a consistent approach to complaints-handling across the banking, insurance and securities sectors and have resulted in better outcomes for consumers.

EBA Points To A Rising Share Of Loans That Show A Significant Increase In Credit Risk (Stage 2 Loans)

Date 31/03/2021

• Capital and liquidity ratios increased further quarter-over-quarter (QoQ).
• While non-performing loans (NPLs) declined on average, the NPL ratio shows first signs of deterioration in exposures to sectors that are most affected by the COVID-19 crisis.
• The share of stage 2 loans rose across the board. The rise was particularly pronounced for loans still under moratoria.

BIS: An Empirical Foundation For Calibrating The G-SIB Surcharge

Date 31/03/2021

Summary

Focus

During the Great Financial Crisis (GFC) of 2007–09, policymakers intervened to prevent the failure of global systemically important banks (G-SIBs) and to alleviate turmoil in the financial system. Following the GFC, the Basel Committee on Banking Supervision (BCBS) introduced measures to reduce the likelihood and severity of a G-SIB failure in the future. Capital requirements corresponding to measures of systemic importance, along with other post-GFC reforms, increased the going-concern loss absorbency of G-SIBs and improved the resilience of the banking sector. The expected impact framework provides a theoretical foundation for these capital requirements based on systemic importance, which are often referred to as G-SIB surcharges. Our alternative implementation of the expected impact framework has the potential to improve the empirical basis of these surcharges and eliminate uneven incentives for G-SIB growth.

Anneli Tuominen To Act As Interim Chair Of ESMA

Date 31/03/2021

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has appointed Anneli Tuominen, current ESMA Vice-Chair and Director-General at the FIN-FSA, to act as Interim Chair until the next Chair takes office. This is effective from 1 April 2021. 

Cleantech Company Ekopak Lists On Euronext Brussels

Date 31/03/2021

Euronext today congratulates Ekopak, an ESG-driven water solution company, on its listing in Compartment B of Euronext’s regulated market in Brussels (ticker code: EKOP). Ekopak joins a franchise of 94 cleantech companies listed on Euronext markets, representing a cumulated market capitalisation of approx. €69 billion (as end of Feb. 2021).

MIAX Exchange Group - Options Markets - Option Classes To Be Removed From The Penny Interval Program Effective Thursday, April 1, 2021

Date 31/03/2021

The following option classes will be removed from the MIAX Exchange Groups' Penny Interval Program effective for Thursday, April 1, 2021:

Nasdaq Helsinki: A Fine Imposed To SAV-Rahoitus Oyj For Breaching First North Bond Market Rules

Date 31/03/2021

The Disciplinary Committee of Nasdaq Helsinki Ltd has imposed a fine of EUR 10,000 to SAV-Rahoitus Oyj, a bond issuer, due to the breaches of the Nasdaq First North Bond Market Rulebook (“the Rules”) of Nasdaq Helsinki (“the Exchange”). SAV-Rahoitus Oyj (“the Company”) did not comply with the Rules concerning bond issuers when announcing the notice to its 2020 Annual General Meeting and the resolutions of the Annual General Meeting and its half-yearly report in 2020. Furthermore, the Company breached the Rules on the organizational requirements of an issuer.