EIOPA finalises revision of guidelines on contract boundaries and the valuation of technical provisions
  • Thursday, 19 May 2022

EIOPA finalises revision of guidelines on contract boundaries and the valuation of technical provisions

EIOPA has published two reports on the revision of the EIOPA Guidelines on contract boundaries and Guidelines on the valuation of technical provisions. Since 2019, EIOPA noticed divergent practices in the valuation of technical provisions and therefore felt the need to analyse and improve the consistency of the calculation method. To achieve this, a two […]

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ESMA responds to European Commission consultation on EMIR review
  • Monday, 16 May 2022

ESMA responds to European Commission consultation on EMIR review

The European Securities and Markets Authority (ESMA) has written to the European Commission (EC) providing its high-level response to the consultation on a targeted review of European Market Infrastructure Regulation (EMIR) with respect to the European Union (EU) central clearing framework. In the response, ESMA recommends to: increase the attractiveness of cleared EU markets, e.g. […]

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EBA publishes final draft technical standards on PDs and LGDs for default risk model under the FRTB’s IMA
  • Monday, 16 May 2022

EBA publishes final draft technical standards on PDs and LGDs for default risk model under the FRTB’s IMA

The European Banking Authority (EBA) published its final standards on probabilities of default (PD) and loss given default (LGD) for institutions using the new Internal Model Approach (IMA) under the Fundamental Review of the Trading Book (FRTB). One of the requirements to be met under the internal default risk model entails institutions being capable of […]

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EBA Risk Dashboard indicates limited direct impact on EU banks from the Russian invasion
  • Monday, 16 May 2022

EBA Risk Dashboard indicates limited direct impact on EU banks from the Russian invasion

A special feature of the Q4 risk dashboard published by the EBA highlights the potential impact of the Russian invasion of Ukraine on banks in the European Economic Area (EEA). Based on the initial assessment, direct exposure to countries hampered by the western sanctions is limited. Second-round effects may be more material, however, as those […]

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Financial institutions should consider the real estate sustainability challenge according to DNB
  • Monday, 16 May 2022

Financial institutions should consider the real estate sustainability challenge according to DNB

The Dutch Central Bank (DNB) published a study on the required investments to improve the sustainability of real estate. Real estate exposures (via direct investments and collateralised loans) represent over 25% of assets of Dutch banks, insurers, and pension funds. Much of this property will have to be made more sustainable in the years ahead. […]

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