Supervision

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Climate change-related financial risks embraced in revision of core principles for banking supervision

The Basel Committee on Banking Supervision (BCBS) has published an updated version of its Core Principles for Effective Banking Supervision – the first update in 14 years. The new Core Principles address emerging supervisory challenges, regulatory developments, and risk mitigation, including those related to digitalisation and climate change.

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EBAEUFRTBSupervision

EBA responds to market dynamics with revised reporting requirements for market risk

By Editor

The European Banking Authority (EBA) has announced substantial amendments to the reporting requirements for market risk, largely in recognition of the EU’s Fundamental Review of the Trading Book (FRTB). The updates are designed to align reporting standards with evolving market dynamics and regulatory frameworks.

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DataEIOPASupervision

EIOPA looks to unlock the power of data

By Editor

In a recent keynote speech at the European Insurance and Occupational Pensions Authority (EIOPA) Conference the organisation’s Chairperson Petra Hielkema highlighted the role of data in steering the future of supervision. The speech emphasised the need for collaborative efforts, innovative approaches, and access to data to harness its potential.

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EnforcementSECStructured DataSupervision

Inline XBRL bolstering SEC investigations

By Editor

In a recent article for Bloomberg, legal analyst Kate Azevedo provides some keen insights into the US Securities and Exchange’s (SEC) expanded use of XBRL tagging to enhance enforcement.

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European supervisory authorities unveil joint independence criteria

By Editor

The European Banking Authority (EBA), European Insurance and Occupational Pensions Authority (EIOPA), and European Securities and Markets Authority (ESMA) have jointly released criteria on the independence of supervisory authorities.

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ESGESMASFDRSupervision

ESMA launches common supervisory action on sustainability disclosures and risk integration

By Editor

The European Securities and Markets Authority (ESMA) is initiating a Common Supervisory Action (CSA) with National Competent Authorities (NCAs) to assess the compliance of supervised asset managers with sustainability-related disclosure provisions.

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EBAEUSupervision

EBA launches interactive navigation tool to help banks understand their reporting requirements

By Editor

The European Banking Authority (EBA) has launched an interactive signposting tool to support banks in complying with supervisory reporting requirements. The tool aims to help institutions identify relevant reporting modules and templates based on their type and activities, reducing complexity and establishing a common business logic.

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BankingECBESGSupervision

Banks warned to improve climate risk disclosures

By Editor

The European Central Bank (ECB) has published its third assessment of European banks’ progress in disclosing climate and environmental risks. While most banks have increased their disclosures in the past year, the quality of information still falls short of upcoming supervisory standards.

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EBAEUSupervision

EBA consults on amendments to ITS for supervisory disclosures

By Editor

The European Banking Authority (EBA) is seeking comments on proposed draft Implementing Technical Standards (ITS) on supervisory disclosures. The updated ITS reflects changes to the EU legal framework related to supervisory reporting and investment firms (Capital Requirements Regulation and Capital Requirements Directive).

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