News Centre

EBA Monitors The Use Of The Proportionality Principle For Recovery And Resolution Planning

Date 22/12/2020

The European Banking Authority (EBA) published today its second Report on the application of simplified obligations and waivers under the Bank Recovery and Resolution Directive (BRRD) across the EU. The Report presents the results of the EBA monitoring on how competent and resolution authorities have applied the principle of proportionality for recovery and resolution planning in their respective jurisdictions, and describes the current level of convergence in this area. The EBA observed an increase in a number of authorities applying simplified obligations for less significant banks, especially for resolution planning purposes. There was a higher convergence when assessing which institutions are eligible for simplified obligations. However, significant divergences remained in determining reduced requirements for institutions benefiting from simplified regimes where the regulatory framework does not provide detailed guidance.

ESMA Issues 2020 Report On Accepted Market Practices Under MAR

Date 22/12/2020

EBA Proposes Appropriate Methodology To Calibrate O-SII Buffer Rates

Date 22/12/2020

The European Banking Authority (EBA) proposed today the implementation of an EU-wide floor methodology to calibrate buffer rates of Other Systemically Important Institutions (O-SIIs). The proposed methodology included in the Report aims at  strengthening the stability of the banking sector and avoiding the under-calibration of O-SII capital buffer rates, while allowing the relevant authorities to consider national banking sector specificities. The proposed methodology will inform the European Commission’s further legislative initiatives that could shape the introduction of such an EU-wide floor.

BIS: Demographic Shifts, Macroprudential Policies, And House Prices

Date 22/12/2020

Summary

Focus

In the past decade, population ageing and the rising number of single-person households have transformed demographic structures worldwide. However, the impact of such changes on house prices is still only imperfectly understood. We investigate the relationship between house prices and demographic changes and its significance for macroprudential policies, focusing on Korea, a country facing exceptionally rapid demographic shifts.

FSB Encourages The IFRS Foundation And Authorities To Use TCFD’s Recommendations As The Basis For Climate-Related Financial Risk Disclosures

Date 22/12/2020

Globally consistent and comparable disclosures by companies of their climate-related financial risks are increasingly important to market participants and financial authorities as a means to give financial markets the information they need to manage risks, and seize opportunities, stemming from climate change.

BIS: The Globalisation Of Inflation In The European Emerging Countries

Date 22/12/2020

Summary

Focus

The paper aims to assess the level of integration of the European emerging countries in the global economy by analysing inflation dynamics across the region. Starting in 2014, the inflation rate in the European emerging countries declined consistently, in line with global developments, even if strong economic growth and tight labour markets in the region would have been expected to fuel local inflationary pressures.

ACER Adopted A Decision On Products That Can Be Used In The Day-Ahead Coupling

Date 22/12/2020

The European Union Agency for the Cooperation of Energy Regulators (ACER) adopted a Decision on the terms and conditions for day-ahead products that can be used in the day-ahead coupling.

Moscow Exchange: Risk Parameters Change On Securities Market

Date 22/12/2020

CCP NCC is changing the following risk parameters on Securities market starting from December 23, 2020.

Federal Reserve Board Issues Enforcement Action With Credit Suisse

Date 22/12/2020

The Federal Reserve Board on Tuesday announced the execution of the enforcement action listed below:

Credit Suisse Group AG, Zurich, Switzerland; Credit Suisse AG, Zurich, Switzerland; Credit Suisse Holdings (USA), Inc., New York, New York; and Credit Suisse AG, New York Branch, New York, New York

Finansinspektionen : New Procedures To Enhance Transparency

Date 22/12/2020

As of 1 January 2021, FI will implement new procedures for how it announces opened and closed supervision investigations.