International Regulatory Updates
DECEMBER 22, 2015
The European Banking Authority (EBA) published today its final Guidelines on sound remuneration policies together with its Opinion on proportionality, recommending exemptions from the remuneration principles in the Capital Requirements Directive (CRD IV). The guidelines ensure that institutions calc ...
DECEMBER 22, 2015
The European Banking Authority (EBA) published today its eighth semi-annual report on risks and vulnerabilities in the EU banking sector. The report shows that EU banks have continued to strengthen their capital position and to improve asset quality. However, the level of non-performing exposures re ...
DECEMBER 22, 2015
The European Banking Authority (EBA), following requests from stakeholders, published today an update on the application date of its final draft Implementing Technical Standards (ITS) on benchmarking portfolios.
The EBA had originally submitted its final draft ITS on benchmarking portfolios to th ...
DECEMBER 22, 2015
The first Solvency II risk free interest rate term structures to be published on 8 January 2016.
Risk free interest rate term structures a key component of the Solvency II framework.
External quality review of EIOPA’s coding, documentation and processes.
Publication of coding and technica ...
DECEMBER 21, 2015
The European Banking Authority (EBA) launched today a consultation on its draft Guidelines on stress testing. These Guidelines set out expectations for institutions’ stress testing programmes and seek improvements by drawing on lessons from previous stress test exercises. In addition, they aim at ...
DECEMBER 21, 2015
The European Banking Authority (EBA) issued today an Opinion on the trigger, calculation and transparency of the Maximum Distributable Amount (MDA). The Opinion clarifies that the MDA should be calculated taking into account both minimum (Pillar 1) and additional (Pillar 2) capital requirements whic ...
DECEMBER 21, 2015
The European Banking Authority (EBA) launched today a consultation on its draft Guidelines on stress testing. These Guidelines set out expectations for institutions' stress testing programmes and seek improvements by drawing on lessons from previous stress test exercises. In addition, they aim at pr ...
DECEMBER 21, 2015
The European Banking Authority (EBA) launched today a consultation on its draft Guidelines on stress testing. These Guidelines set out expectations for institutions' stress testing programmes and seek improvements by drawing on lessons from previous stress test exercises. In addition, they aim at pr ...
DECEMBER 21, 2015
The European Securities and Markets Authority (ESMA) today published its Follow-up Report on the development of the ‘Best Practice Principles for Providers of Shareholder Voting Research and Analysis’ (Principles) which looks at the proxy advisory industry’s progress in establishing and follow ...
DECEMBER 21, 2015
In its 2013 Final Report on the role of the proxy advisory industry, ESMA recommended that the proxy advisory industry develops a code of conduct in order to foster greater understanding and assurance among stakeholders in terms of what these can rightfully expect from proxy advisors. In this report ...
