Aggregated News From Investment Management Regulators

Regulations and guidelines related to the Capital Requirements Regulation enter into force on 1 September 2019

Report/Flag

Please complete the required fields.



On 14 June 2019, the FIN-FSA issued Regulations and guidelines 5/2019: Regulations and guidelines related to the Capital Requirements Regulation. The regulations and guidelines enter into force on 1 September 2019.

Factually, the new regulations and guidelines consist of an update of regulations and guidelines 25/2013 on capital requirements calculation and large exposures.

The most material changes compared to regulations and guidelines 25/2013:

  • change in the scope of application
  • the FIN-FSA’s updated positions on options and discretions under the CRR left with competent authorities
  • new chapters: chapter 5 Capital adequacy treatment of qualifying holdings outside the financial sector, chapter 9 Capital requirements for counterparty risk and chapter 14 Liquidity risk requirements
  • changes to chapter 2 Legal framework and international recommendations, chapter 6 Capital requirements for credit risk under the standardised approach, chapter 7 Capital requirements for credit risk under the internal ratings based approach, chapter 10 Capital requirements for market risk, chapter 13 Large exposures and chapter 15 Disclosure of capital adequacy and liquidity risk information.

Summary statement on comments received

A summary statement has been issued on the comments given on the regulations and guidelines. The summary statement and the comments received are available at Finanssivalvonta.fi and lausuntopalvelu.fi.

For further information, please contact

Taina Erovaara-Williams, Senior Regulatory Expert, tel. 09 183 5422 or email taina.erovaara-williams(at)finanssivalvonta.fi.

Appendices

Regulations and guidelines 5/2019

Source link

Regulator Information

Abbreviation: FIN-FSA
Jurisdiction: Finland

Recent Articles

Proposed Rule Change to Amend FINRA Rule 2231 (Customer Account Statements)

Financial Industry Regulatory Authority, Inc.

Revision of Recommendation 25 – White Paper for Public Consultation

The Financial Action Task Force (FATF) is conducting a review of Recommendation 25 (R.25) on the transparency and beneficial ownership (BO) of legal arrangements....

ASIC warns super trustees to be transparent in their underperformance communications to members

ASIC today released the findings from its review of superannuation trustees’ communications with their members following the first annual performance test for MySuper products. The...

EBA replies to European  Commission’s call for advice on the Mortgage Credit Directive review

The European Banking Authority (EBA) published today an Opinion and Report in response to the European Commission’s Call for Advice (CfA) on the review of the Mortgage Credit Directive (MCD) .

Get the latest from Regulatory.News in your inbox!

×