News Centre

EBA Consults On Estimation Of Pillar 2 And Combined Buffer Requirements For The Purpose Of Setting MREL

Date 24/07/2020

The European Banking Authority (EBA) launched today a public consultation on its draft Regulatory Technical Standards (RTS) specifying the methodology to be used by resolution authorities to estimate the Pillar 2 (P2R) and combined buffer requirements (CBR)  at resolution group level for the purpose of setting the minimum requirement for own funds and eligible liabilities requirement (MREL) under the Bank Recovery and Resolution Directive (BRRD).The estimation of P2R and CBR is necessary for setting MREL when the resolution group perimeter differs significantly from the prudential perimeter at the level of which own fund requirements have been set by the competent authority. The consultation runs until 24 October 2020.

Moscow Exchange: REPO Risk Parameters Change For The Security TRMK

Date 24/07/2020

As per the Securities market risk parameters methodology, on 24.07.2020, 18-28 (MSK) the lower bound of the REPO rate for tenor Y0/Y1Dt (up to -99.29 %) and IR Risk Rate (up to -0.527 rub) for the security TRMK were changed. New values are available here

EBA Consults On Technical Standards On Impracticability Of Contractual Recognition Of Bail-In

Date 24/07/2020

The European Banking Authority (EBA) launched today a public consultation on draft Regulatory Technical Standards (RTS) and draft Implementing Technical Standards (ITS) on the impracticability of contractual recognition of write-down and conversion powers and related notifications as laid down in the Bank Recovery and Resolution Directive (BRRD). These standards aim at promoting the effective application of resolution powers to banks and banking groups and to foster convergence of practices between relevant authorities and institutions across the EU. The consultation runs until 24 October 2020.

BIS - Covid-19: Boon And Bane For Digital Payments And Financial Inclusion

Date 24/07/2020

Highlights

• Authorities around the world have moved to encourage the use of digital payments in response to Covid-19. 

• Some of these measures facilitate the use of digital payments during lockdown, while others provide longer-term support for fintech players and financial innovation more broadly. 

• For emerging market and developing economies, the measures respond to the unexpected opportunity to further promote financial inclusion objectives through the use of technology. 

• To increase their effect, these moves should include measures to combat financial crime and protect consumers.

FIA Statement On The Passing Of Philippe Buhannic

Date 24/07/2020

FIA today issued the following statement in response to the news that Philippe Buhannic, one of the pioneers of electronic trading in the futures industry, has passed away. The statement was issued by FIA's president and chief executive officer, Walt Lukken, and the chairman of FIA's board of directors, Jerome Kemp, the global head of futures, clearing and collateral at Citigroup Global Markets.

European Commission - Coronavirus Response: Making Capital Markets Work For Europe's Recovery

Date 24/07/2020

The European Commission has today adopted a Capital Markets Recovery Package, as part of the Commission's overall coronavirus recovery strategy. On 28 April, the Commission had already proposed a Banking Package to facilitate bank lending to households and businesses throughout the EU. Today's measures aim to make it easier for capital markets to support European businesses to recover from the crisis.  The package proposes targeted changes to capital market rules, which will encourage greater investments in the economy, allow for the rapid re-capitalisation of companies and increase banks' capacity to finance the recovery.

Financial Stability: European Commission Addresses Risks Of Libor Cessation

Date 24/07/2020

The European Commission has today proposed to amend EU rules on financial benchmarks. The aim of this proposal is to ensure that when a widely used benchmark is phased out – as is now the case - it does not cause disruptions to the economy and harm financial stability in the EU. Benchmarks are an intrinsic part of financial markets: they are indices used to price financial instruments and contracts (including households' mortgages) or to measure the performance of an investment fund.

The Biotech Aptorum Group Lists On Euronext

Date 24/07/2020

Euronext today congratulated Aptorum Group Limited (ticker code: APM on Euronext and Nasdaq), a biopharmaceutical company focusing on the development of novel therapeutics to address unmet medical needs globally, on its listing in the professional compartment of Euronext’s regulated market in Paris. Listed on Nasdaq since 2018, Aptorum is joining Euronext’s strong biotech franchise, which is now composed of 62 companies.

Malawi Stock Exchange Weekly Summary Report - 24 July 2020

Date 24/07/2020

Click here to download Malawi Stock Exchange's weekly summary report.

EBA: Consultation Paper On Draft Implementing Technical Standards (ITS) On Reporting Decisions On MREL (EBA/CP/2020/17)

Date 24/07/2020

The European Banking Authority (EBA) launched today a public consultation on its draft Implementing Technical Standards (ITS) specifying uniform reporting templates, instructions and methodology for the identification and transmission, by resolution authorities to the EBA, of information  on minimum requirements for own funds and eligible liabilities (MREL). This reporting between resolution authorities and the EBA aims to ensure that the EBA has all the necessary information to understand how MREL is set within member states. The consultation runs until 24 October 2020.