International Regulatory Updates
NOVEMBER 15, 2021
The European Central Bank (ECB) is today launching a public consultation on its draft Guide on the notification of securitisation transactions. This follows the ECB’s announcement of its decision in May 2021 to ensure that directly supervised banks comply with the requirements for risk retenti ...
OCTOBER 28, 2021
The European Securities and Markets Authority, the EU’s securities markets regulator, explains the rules that apply in situations where someone, based in or outside the EU, spreads information proposing an investment decision about EU financial instruments (e.g. stocks or bonds), aimed at a broad ...
SEPTEMBER 21, 2021
The European Banking Authority (EBA) published today a Report on the platformisation of the EU banking and payments sector. The EBA identifies a rapid growth in the use of digital platforms to ‘bridge’ customers and financial institutions, a trend expected to accelerate in line with the wider tr ...
SEPTEMBER 17, 2021
The European Central Bank has published on its website a report on the sanctioning activities across the Single Supervisory Mechanism (SSM). This report has been prepared by the SSM Network of Enforcement and Sanctions Experts to present comprehensive statistics on the sanctioning activities in rela ...
SEPTEMBER 13, 2021
The European Central Bank (ECB) has imposed administrative penalties of €420,000 on Allied Irish Banks plc and €195,000 on its subsidiary EBS dac after the banks miscalculated their risk-weighted assets for intragroup equity exposures.
During nine and seven quarters respectively, Allied Irish ...
AUGUST 23, 2021
The European Banking Authority (EBA) published today its Report on high earners for 2019. The analysis shows that in 2019, 4 963 individuals working for EU banks received a remuneration of more than EUR 1 million, which is mostly the same as in 2018. The average ratio between the variable and fixed ...
AUGUST 02, 2021
The European Banking Authority (EBA) published today the results of its 2021 EU-wide stress test, which involved 50 banks from 15 EU and EEA countries, covering 70% of the EU banking sector assets. This exercise allows to assess, in a consistent way, the resilience of EU banks over a three-year hori ...
AUGUST 02, 2021
The European Central Bank (ECB) today published the results of the 2021 stress test, which show that the euro area banking system is resilient to adverse economic developments. The Common Equity Tier 1 (CET1) capital ratio of the 89 banks in the stress test would fall by an average of 5.2 percent ...
JULY 26, 2021
The European Central Bank (ECB) today decided not to extend beyond September 2021 its recommendation that all banks limit dividends. Instead, supervisors will assess the capital and distribution plans of each bank as part of the regular supervisory process.
In March 2020 the ECB asked banks not ...
JULY 12, 2021
The European Central Bank (ECB) has today published the results of a comprehensive assessment of two Italian cooperative banks, one Estonian bank and one Lithuanian bank. The four banks, Cassa Centrale Banca – Credito Cooperativo Italiano S.p.A., Iccrea Banca S.p.A – Istituto Centrale del Credit ...
