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Prudential Regulation Review
Prudential Regulatory Review is a monthly newsletter dedicated to summarising all major risk and regulatory updates.
March was another busy month for regulators, supervisors and politicians.
On the Prudential side, the ECB issued the Financial Stability Review, identifying main sources of systemic risk for the Euro area, as well as the Macroprudential policy measures that explain the capital requirements at the country level.
In Ireland, the Governor Philip R. Lane was appointed to the executive board of the ECB. He gave an introductory statement at the Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach.
Other topics covered:
- Capital Markets
- Central Bank of Ireland
On 16 April, the European Parliament formally ratified the EU’s Risk Reduction Measures (RRM) package on bank capital and liquidity, clearing the way for the finalisation of one of the most significant pieces of EU-level banking regulation in years.
This has been more than two-and-a-half years in the making, with a long period of difficult political negotiations following the RRM’s proposal by the European Commission in November 2016. The RRM is a combination of the EU’s fifth Capital Requirements Directive (CRD5), the second Capital Requirements Regulation (CRR2), and the second Bank Recovery and Resolution Directive(BRRD2).