The European Securities and Markets Authority (ESMA) has published its 2018 Work Programme (WP)
What should you expect?
EU supervisors are focusing on Cloud, Cyber, Information and Technology Risk
Are you ready to meet the supervisory expectations on January 2018?
Financial Stability Board (FSB) Issues a Toolkit to Strengthen Governance Frameworks
For the purposes of this toolkit, misconduct can be understood as conduct that falls short of expected standards, including legal, professional, internal conduct and ethical standards.
Cyber risk and regulation in Europe. A new paradigm for banks
The European Central Bank (ECB) published this month the European Framework for Threat Intelligence-based Ethical Red Teaming (TIBER-EU), which is the first Europe-wide framework for controlled and bespoke tests against cyber-attacks in the financial market.
Basel IV - Operational Risk SMA finalized
A diminished conservativeness. A potential extreme impact
The final design of the new Basel IV: Standardized Measurement Approach (SMA) is less conservative than previous version presented in the consultation paper. This means that the impact on capital requirements will be less severe. However, extreme cases of capital increase are still possible.
The European Banking Authority (EBA) published its report on benchmarking of remuneration practices in EU banks
The EBA observes a slight decrease in the number of ‘high earners’ and ‘identified staff’ in 2016
This Report has been developed in accordance with Article 75 (paragraphs 1 and 3) of Directive 2013/36/EU (CRD IV), which mandates the EBA to use the data disclosed by institutions to benchmark remuneration trends and practices and to collect information on the number of individuals per institution
Frameworks for early supervisory intervention by Basel
02 April 2018
The “Frameworks for early supervisory intervention” presents a range-of-practice study on how supervisors around the world have adopted frameworks, processes, and tools to support early supervisory intervention.
Roundtable: IFRS 9 Validation
On January 1st 2018, IFRS 9 standard came into force and many financial institutions started using complex internal models without the scrutiny and the prior approval from the supervisory authorities.
EU bank capital negotiations
The European Commission’s ‘CRD5/CRR2’ bank capital proposal (including amendments to the BRRD) is now at an important stage in its negotiations. Although a deal has not been reached in either the Council or Parliament
Roundtable: Internal Governance new guidelines
Deloitte Romania is delighted to invite you to Banking Risk and Regulatory Roundtable, organised on March 29th at 9.30am at Deloitte premises, 4-8 Nicolae Titulescu Road, East Entrance, 2nd Floor, District 1, Bucharest.
Analytics and information management (AIM)
Adam Farkas (Executive Director - EBA) speech on reshaping banks’ models
The European Banking Authority (EBA) has published a speech given by its Executive Director, Adam Farkas at the Deutsche Bundesbank Conference. The speech is entitled “Bank business models – structural changes and their systemic implications”.
European Reporting Framework Webinar for Deloitte’s Clients
During our European Reporting Forum that took place in March 2017 in Paris, Jean-Marc Israel, head of Analytical Credit & Master Data Division at ECB has briefly presented the European System of Central Banks (ESCB) long-term strategic approach to data collection from banks.
Roundtable: EU-wide Stress Test 2018
Deloitte Romania is delighted to invite you to Banking Risk and Regulatory Roundtable, organised on February 26th at 9.30am at Deloitte premises, 4-8 Nicolae Titulescu Road, East Entrance, 2nd Floor, District 1, Bucharest.
EBA launched the 2018 EU-wide stress test
Scenarios are published!
The European Banking Authority (EBA) launched yesterday its 2018 EU-wide stress test and released the macroeconomic scenarios.
EBA guidance on the Cloud
What to consider from regulatory (outsourcing) and security (cyber) point of view
The EBA Recommendations clarify the EU-wide supervisory expectations if institutions intend to adopt cloud computing, addressing five key areas
Fitness and Propriety
The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) published their joint Guidelines to assess the suitability of members of management bodies
In June 2018 the joint Guidelines to assess the suitability of members of management bodies (MB) and key function holders (KFH) issued by EBA and ESMA will come into force.
IFRS 9: Almost done it! But, not quite yet…
EBA’s final guidelines on transitional arrangements disclosures
The European Banking Authority (EBA) published on Friday its final Guidelines on disclosure requirements of IFRS 9 or analogous expected credit losses (ECLs) transitional arrangements.
Roundtable: AnaCredit and BCBS 239
The first big step to a new way of reporting
Deloitte Romania is delighted to invite you to Banking Risk and Regulatory Roundtable, organised on February 1st at 9.30am at Deloitte premises, 4-8 Nicolae Titulescu Road, East Entrance, 2nd Floor, District 1, Bucharest.
Still 180 days past due?
Time to reconsider!
In December 2017, the European Banking Authority (EBA) advised the European Commission on the appropriateness of continuing to apply the 180 day past due exemption for defaulted recognition under IRB approach after 31 December 2019.
NPL: EBA issues final standardised templates
Faster way of getting rid of your NPL portfolio
To address the request of the European Commission to support the development of a functioning NPL secondary market in the EU, the European Banking Authority (EBA) issued yesterday the final NPL standardised data templates.
Basel IV and Capital Adequacy Contraction
What will be the impact of Basel III reforms, also known as “Basle IV”? Although a phase-in approach is planned, 2022 – 2027, it may prove to be the greatest challenge yet for the banking sector, and Romanian banks will make no exception.
Five things to remember about Basel III
After more than a year of stalled negotiations, the Basel Committee on Banking Supervision (BCBS) announced an agreement on the remaining elements of the Basel III post-crisis bank capital framework.
ESAs publish list of financial conglomerates for 2017
How do you become one? What does it entail in terms of additional capital and supervision? Is there anything that you can do?
External training message by BNR’ Isarescu meets ECB’s “fit and proper” rules for directors and managers
EBA and ESMA provide guidance to assess the suitability of management body members and key function holders
How prepared is the management body to be supervised?
30 September 2017
Bank and Fintech bank licensing
The first attempt to regulate the fintech and cryptocurrency industry by the ECB
ECB publishes amendments to the ECB regulation on reporting of supervisory financial information
18 September 2017
MREL final standards by resolution authority
EBA guidance to National Resolution Authorities – how will guidance affect your reporting to the NRA?
EBA is using its existing SREP framework to explore the regulation and supervision of fintech
How will the regulation of fintech affect the fintech development and the business model of the bank? Will fintech be overregulated ? What are the threats and opportunities created for the banking and the fintech sector?
EBA consults on fraud reporting requirements under PSD2
Are you ready to comply with EBA/ECB required statistical reporting?
ECB consults on draft guide to on-site inspections and internal models investigations
How prepared are you for an onsite inspection or a review of your Pillar I models?
Bloomberg : “Europe’s Eastern Rebels Expose Next Fault Line for EU Leaders”
How is the political tension affecting the banking sector in terms of country risk and macro modelling? What is the effect on capital and liquidity management?
ECB issues guidance to underline its focus on Governance focusing on the selection of Directors and the effectiveness of the Board
Do you comply with ECB’s guidance on fit and proper? Is your Board prepared to be supervised and interviewed by ECB?
EBA updates on the impact of IFRS9 on the banks across EU and raises red flag on smaller banks
Are you ready for parallel reporting in Q4 2017?
Ecofin sets out plan to tackle NPL problem, ‘blueprint’ for national bad banks available by end-17
How to align your NPL strategy to ECB NPL guidelines and Member State bad bank?
4th Anti-Money Laundering Directive (4AMLD) came into effect on 26th of June 2017
Did you start the transition to the new regime?
EBA and ECB observe challenges in integrating ILAAP in the SREP assessment, signalling additional buffers to Pillar II capital
How is ILAAP integrated in the liquidity management of the bank?
EBA issues 2018 EU-wide stress test draft methodology – including IFRS 9 impact
Is your organisation stress test ready?
ESMA rules out further delay on MIFID II implementation
January 2018 final deadline for all stakeholders
Release of Global FX Code - Market participants have to demonstrate their adherence to the Code
Have you begun work to embed the Code in your day-to-day practices and culture?