On December 4, the European Parliament published a press release announcing that it reached provisional political agreement with the Council of the European Union on the proposed revisions to the Capital Requirements Regulation (CRR), or CRR II, and to the Capital Requirements Directive (CRD) IV, or CRD V. The European Parliament also published a separate… Continue Reading
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EBA Publishes Consultation Paper on Amendments to the CRR Supervisory Reporting ITS Relating to Securitizations
Posted in EU Developments, Financial MarketsOn August 28, the European Banking Authority (EBA) published a consultation paper on amendments to the Commission Implementing Regulation (Implementing Regulation) containing implementing technical standards on supervisory reporting (ITS), relating to the new securitizations framework, which came into force in January.… Continue Reading
PRA Publishes Pillar 2 Reporting Requirements Policy Statement
Posted in EU Developments, Financial Markets, UK DevelopmentsOn April 30,the UK Prudential Regulation Authority (PRA) published a policy statement regarding updates to the Pillar 2 reporting requirements of the EU Capital Requirements Regulation. The policy statement is relevant to banks, building societies and PRA-designated investment firms.… Continue Reading
EBA Closes Breach of EU Law Investigation Relating to Dutch Prudential Regime for Proprietary Traders
Posted in EU Developments, Financial MarketsOn December 6, the Breach of Union Law Panel of the European Banking Authority (EBA) published a press release relating to a breach of European Union (EU) law (BUL) investigation against the Dutch central bank, De Nederlandsche Bank (DNB), relating to the latter’s prudential framework for proprietary traders. Since January 2014, the DNB had designated… Continue Reading
EU Regulation Extends Transitional Period for Own Fund Requirements for CCP Exposures to June 2017
Posted in EU Developments, Financial MarketsOn December 10, an implementing regulation (Regulation) on the extension of transitional periods set out in the Capital Requirements Regulation (CRR) and the European Market Infrastructure Regulation (EMIR) was published in the Official Journal of the European Union.… Continue Reading