Blog
The Bank Recovery and Resolution Directive (BRRD) – Latest Implementing ITS
The BRRD is vital to EU financial stability, managing bank failures without taxpayer bailouts. Recent updates to the Implementing Technical Standards (ITS) enhance data reporting, improving accuracy, consistency, and detail.
IFRS 9: Overlays, Model Improvements, and Governance for Novel Risks
IFRS 9 requires banks to include forward-looking data in expected credit loss calculations, posing challenges with risks like COVID-19, geopolitical instability, high interest rates, inflation, and climate change. Overlays and strong governance are vital for managing these risks effectively.
SFDR Regulation: Q&A and Compliance Requirements
The Sustainable Finance Disclosure Regulation (SFDR), Regulation (EU) 2019/2088, enhances transparency in financial markets by mandating disclosures on sustainability risks and impacts.
DORA Regulation: ICT Service Subcontracting in Finance
On July 26, 2024, the European Supervisory Authorities (ESAs) published the Final Report on the draft Regulatory Technical Standards (RTS), as mandated by Article 30(5) of DORA.
Capital Requirements Regulation 3 (CRR III) for Market Risk Requirements
On July 24, 2024, the European Commission adopted a Delegated Regulation amending the Capital Requirements Regulation (CRR) regarding the application date of market risk requirements. This amendment, effective January 1, 2026, gives financial institutions more time to adapt to new standards.
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