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Apr 2, 2024 | 
jdsupra.com | Salvador Ruiz Bachs |Alexander Behrens |Brice Henry
1. Bank regulation-
1.1 Prudential regulation-
(a) General-
(i) International-
BCBA: Basel III monitoring report-
Status: Final-
BCBS has published its latest monitoring report setting out the impact of the Basel III framework, based on data as of 30 June 2023.
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Mar 4, 2024 | 
jdsupra.com | Salvador Ruiz Bachs |Alexander Behrens |Brice Henry
1. Bank regulation -
1.1 Prudential regulation -
(a) General -
(i) EU -
ECB: Memorandum of Cooperation between ECB and CAs on third-country bank supervision -
Status: Final -
The ECB has published a Memorandum of Cooperation (MoC) between the ECB and competent authorities (CAs) in relation to the supervision of third-country banking groups and branches.
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Feb 22, 2024 | 
jdsupra.com | Baptiste Aubry |Salvador Ruiz Bachs |Alexander Behrens
To avoid potential risks to investor protection, as well as to financial stability within the European single market, the Regulation on Markets in Crypto-assets (MiCAR) is about to introduce a harmonised and dedicated set of rules governing the activities carried out by crypto-asset service providers (the so-called CASPs), as well as a passporting procedure to facilitate the performance of these services within the EU on a cross-border basis or through the right of establishment.
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Feb 8, 2024 | 
jdsupra.com | Baptiste Aubry |Salvador Ruiz Bachs |Alexander Behrens
In our annual financial services Horizon Scanning webinar, our regulatory team provided an overview of upcoming and expected changes for UK firms.
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Feb 1, 2024 | 
jdsupra.com | Salvador Ruiz Bachs |Alexander Behrens |Brice Henry
1. Bank regulation -
1/1 Prudential regulation -
(a) General -
(i) EU -
EBA: Consultation on amendments to draft RTS on prudent valuation under Article 105(14) of the CRR -
Status: Consultation -
Deadline for the submission of comments: 16/04/2024 -
The EBA has launched a consultation on amendments to the draft RTS on prudent valuation under Article 105(14) of the CRR.
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Jan 26, 2024 | 
jdsupra.com | Baptiste Aubry |Salvador Ruiz Bachs |Alexander Behrens
The EU is harmonising the rules on the prudential supervision of EU branches of non-EU banks under CRD VI. The new EU-wide third country branch regime will introduce minimum requirements including capital and liquidity requirements, internal governance obligations and rules on outsourcing management. CRD VI will further establish a tiering system for third country branches based on the size and activities and a subsidiarisation power for systemic branches.
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Jan 26, 2024 | 
jdsupra.com | Baptiste Aubry |Salvador Ruiz Bachs |Alexander Behrens
Final provisions on cross-border banking services in the EU publishedCRD VI will bring in uniform minimum prudential requirements for third country branches providing banking services in the EU and, more importantly, introduces a ban for third country institutions providing core banking services (lending, guarantees and commitments and deposit-taking) into the EU on a cross-border basis. The provision of cross-border investment services as such remains unaffected.
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Jan 10, 2024 | 
jdsupra.com | Salvador Ruiz Bachs |Alexander Behrens |Brice Henry
1. Bank regulation -
1.1 Prudential regulation -
(a) General -
(i) EU -
EBA: Roadmap on strengthening the Prudential framework -
Status: Final -
The EBA has published its roadmap on the Banking Package, which implements the final Basel III reforms in the EU. The EBA roadmap aims to strengthen the prudential framework as well as to ensure an international level playing field.
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Dec 15, 2023 | 
jdsupra.com | Baptiste Aubry |Salvador Ruiz Bachs |Rik Coomans
The huge expansion of crypto-assets over recent years and the popularity of their underlying technology (distributed ledger technology (DLT) or blockchain) have come with their share of challenges, including a significant level of market volatility hampering the large scale adoption of crypto-assets as means of payment in financial transactions and/or storage of value.
Please see full publication below for more information.
Download PDF
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Dec 4, 2023 | 
jdsupra.com | Salvador Ruiz Bachs |Alexander Behrens |Brice Henry
1. Bank regulation -
1.1 Prudential regulation -
The ESRB has published a speech by Christine Lagarde, President of the ECB and Chair of the ESRB, on its first general warning about financial stability risks that it published in September last year. The ESRB considers that the general warning has indeed proved impactful over the past year and that it has worked towards reducing policymakers’ “inaction bias” with regard to the implementation of macroprudential policy.
