International Regulatory Updates

Consumer analytics and Big Data allow for more customised products, but may raise privacy and segmentation concerns. Due to the low interest rates environment, financial risks are increasingly borne by consumers, yet consumers are often not sufficiently supported in taking on these risks. A la ...

The European Banking Authority (EBA) launched today a public consultation on draft Guidelines on the collection of information related to the internal capital adequacy assessment process (ICAAP) and the internal liquidity adequacy assessment process (ILAAP). These draft Guidelines aim at facilitatin ...

The European Banking Authority (EBA) launched today a consultation on its draft technical standards on the framework for cooperation and exchange of information between competent authorities for passporting under Article 28(5) of the revised Payment Services Directive (PSD2). The technical standards ...

The European Banking Authority (EBA) published today a Discussion Paper on strong customer authentication and secure communication. The revised Payment Services Directive (PSD2) will mandate the EBA to deliver Regulatory Technical Standards on this topic, which the EBA is required to deliver by Janu ...

The European Banking Authority (EBA) launched today a consultation on the reporting of financial information for institutions using IFRS (FINREP IFRS). The proposed amendments follow the finalisation of IFRS 9 by the IASB in July 2014 and aim at collecting early industry views on changes that IFRS 9 ...

Low interest rates environment and a “double-hit” scenario remain the biggest concerns for financial stability. Sustained profitability of insurers results in a challenging “search-for yield” behaviour. Resilience of the insurance sector will be reinforced thanks to the upcoming Solven ...

EIOPA's Stakeholder Groups (SHGs) facilitate EIOPA's consultation with stakeholders in Europe on issues such as regulatory and implementing technical standards as well as guidelines and recommendations that apply to the insurance and occupational pensions industry. Members of the Stakeholder Grou ...

Inside this issue: Solvency II Regulatory Framework Changes in Accounting Regime ECB Comprehensive Assessment EU-wide Transparency Exercise Financial services done right CHOGM Business Forum European Supervisory Authorities Press Releases MFSA Circulars & Consultations ...

The transparency exercise data published by the European Banking Authority (EBA) on 24 November 2015 contained information regarding the ‘fully loaded' CET1 ratio' for all EU banks in the sample. This ratio, which was published for information only, is calculated using existing supervisory reporti ...

The event attracted over 250 participants from both sides of the Atlantic. The Project sees colleges of supervisors as an effective tool for assessment of cross-border groups’ risk profile. Key elements and processes for the ORSA from the supervisory perspective were presented at the event. ...