IASB ISSUES ANNUAL IMPROVEMENTS TO IFRS ACCOUNTING STANDARDS
The International Accounting Standards Board (IASB) has issued narrow amendments to IFRS Accounting Standards and accompanying guidance as part of its regular maintenance of the Standards. Explore the full article here.
THE EBA UPDATES THE SUPERVISORY REPORTING FRAMEWORK
The European Banking Authority (EBA) published its final draft implementing technical standards (ITS) on supervisory reporting requirements implementing the changes necessary to keep the supervisory reporting framework relevant and meaningful and aligned with the amending CRR 3, which implements the latest Basel III reforms. These ITS will allow supervisors to have sufficient comparable information to monitor compliance by institutions with CRR 3 requirements, thus further promoting enhanced and consistent supervision. Read the full article here.
THE EBA STARTS DIALOGUE WITH THE BANKING INDUSTRY ON 2025 EU-WIDE STRESS TEST METHODOLOGY
The European Banking Authority (EBA) has published for informal consultation its draft methodology, templates, and guidance for the 2025 EU-wide stress test. This step marks the beginning of the dialogue with the banking industry and builds upon the methodology used in the 2023 exercise, with improvements reflecting new insights and regulatory changes. Continue reading.
PREPARING FOR THE NEXT DECADE OF EUROPEAN BANKING SUPERVISION: RISK-FOCUSED, IMPACTFUL AND LEGALLY SOUND
Speech by Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the “10 years SSM and beyond” event organised by Allen & Overy.
ECB PUBLISHES SUPERVISORY BANKING STATISTICS ON SIGNIFICANT INSTITUTIONS FOR THE FIRST QUARTER OF 2024
Aggregate Common Equity Tier 1 ratio at 15.74% in first quarter of 2024. Aggregated annualised return on equity at 9.67% in first quarter of 2024. Aggregate non-performing loans ratio (excluding cash balances) stable at 2.31%. Share of loans showing significant increase in credit risk (stage 2 loans) at 9.50%. The year-to-date amounts presented in the profit and loss tables are now also available as linearly annualised in the ECB Data Portal. Access the full content here.
THE EBA PUBLISHES AMENDMENTS TO COUNTERPARTY CREDIT RISK STANDARDS AS PART OF ITS NEW ROADMAP FOR THE IMPLEMENTATION OF THE BANKING PACKAGE IN THE EU
The European Banking Authority (EBA) published its final draft amending Regulatory Technical Standards (RTS) on the standardised approach for counterparty credit risk (SA-CCR). This regulatory product is part of the new roadmap on the Banking Package.
FINANCIAL STABILITY REPORT – SPRING 2024
One of the main CNB’s publications in the area of financial stability and macroprudential policy is published. The Report is the key document for the Bank Board’s meetings on financial stability issues.
THE EBA UPDATES THE PILLAR 3 DISCLOSURE FRAMEWORK FINALISING THE IMPLEMENTATION OF THE BASEL III PILLAR 3 FRAMEWORK
The European Banking Authority (EBA) published a final draft implementing technical standards (ITS) on public disclosures by institutions that implement the changes in the Pillar 3 disclosure framework introduced by the amending Regulation (EU) 2024/1623 (CRR 3). These ITS will ensure that market participants have sufficient comparable information to assess the risk profiles of institutions and understand compliance with CRR 3 requirements, further promoting market discipline. Read the detailed content here.
FAMILY TIES: TEN YEARS OF MONETARY POLICY AND BANKING SUPERVISION UNDER ONE EUROPEAN ROOF
Dinner speech by Frank Elderson, Member of the Executive Board of the ECB and Vice-Chair of the Supervisory Board of the ECB, at the 2024 Annual ECB Banking Supervision Research Conference.
CENTRAL BANK MONITORING II/2024
Part of the central banks under review, including the ECB, lowered their rates at their recent meetings, while others kept them unchanged. Japan abandoned negative interest rates. A review of the Bank of England’s forecasting process was completed. The Spotlight focuses on comparing the market outlooks for euro area interest rates with the ECB’s communications, in particular on the gap between them at the start of this year. In our Selected Speech, the Governor of the French BdF discusses the current decline in inflation and the question of the level at which interest rates are going to stabilize. Find the latest edition right here.
BASEL III REFORMS: NEW EU RULES TO INCREASE BANKS’ RESILIENCE TO ECONOMIC SHOCKS
The Council today adopted new rules aimed at making banks operating in the EU more resilient to possible economic shocks. The changes aim to increase the resilience of banks, strengthen their supervision and reinforce risk management. In addition they will strengthen supervision and sustainability in the banking sector. For more info click here.
WE SUPPORT CONNECTION WITH UNIVERSITIES BY LECTURING
Credit Risk, Financial Derivatives, Quantitative Investments – University of Economics
Sampling Theory, Data Exploration, Derivatives – Faculty of Mathematics and Physics, Charles University
