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  • ESMA And EBA Publish Guidelines To Harmonise The Supervisory Review And Evaluation Process Of Investment Firms

    Date 21/07/2022

    The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, and the European Banking Authority (EBA) today published final Guidelines  on common procedures and methodologies for the supervisory review and evaluation process (SREP) for investment firms.

  • Bank Of England And UK Financial Conduct Authority: Transforming Data Collection Communication To Firms – 21 July 2022

    Date 21/07/2022

    Communication to firms to provide an update on the progress of the joint transformation programme, which is being led by the Bank of England and FCA with industry to transform data collection from the UK financial sector.

  • EBA Launches Discussion On 2023 EU-Wide Stress Test Methodology

    Date 21/07/2022

    The European Banking Authority (EBA) published today its 2023 EU-wide stress test draft methodology, templates and template guidance, which will be discussed with the industry. The methodology covers all risk areas and builds on the one prepared for the 2021 EU wide stress test. Some aspects of the methodology have been improved based on the lessons from the 2021 exercise. As a new feature, the projections on net fee and commission income (NFCI) will be based on a top-down model. This is a first step of revising the EU-wide stress test framework towards a hybrid (bottom-up and top-down) approach. Also, the sample coverage has been increased. An additional 26 banks have been added to the stress test sample compared to the 2021 exercise and further proportionality has been introduced into the methodology. The 2023 exercise will assess EU banks' resilience to an adverse economic shock and inform the 2023 Supervisory Review and Evaluation Process (SREP).

  • Transforming Data Collection - Phase One Recommendations With Bank Of England And UK Financial Conduct Authority Response

    Date 21/07/2022

    The Bank of England and FCA are leading a joint transformation programme with industry to transform data collection from the UK financial sector. Today they published an initial set of recommendations from the programme and the response from the regulators.

  • EBA Publishes Final Regulatory Products To Harmonise The Supervisory Review And Evaluation Process Of Investment Firms

    Date 21/07/2022

    The European Banking Authority (EBA) jointly with the European Securities and Markets Authority (ESMA), published today the final Guidelines on common procedures and methodologies for the supervisory review and evaluation process (SREP) for investment firms. The EBA published also the final draft Regulatory Technical Standards (RTS) on Pillar 2 add-ons for investment firms. Both regulatory products are based on the Investment Firms Directive (IFD) and aim to harmonise the supervisory practices regarding the supervisory review and evaluation process of investment firms.