The BIS locational banking statistics show that banks’ global cross-border claims grew by $660 billion during Q3 2019, reaching $31 trillion at end-September. The resulting year-on-year (yoy) growth rate of 9% was the highest since end-March 2008,
The European Banking Authority (EBA) launched today a public consultation on possible future changes to the EU-wide stress test. This discussion paper aims to present the EBA’s vision of the future of the EU-wide stress test and to collect comments and feedback from the different users. “The framework we are proposing today aims at making the EU-wide stress test more informative, flexible, and cost-effective, said the EBA Chairperson, Jose Manuel Campa, in launching the consultation. Campa added, “It is the first time we embark on a comprehensive discussion on the future of EU stress testing and we are keen to receive feedback from a wide range of stakeholders”. The consultation runs until 30 April 2020.
The European Banking Authority (EBA) publishes today an amendment to its 2018 guidelines on fraud reporting under the revised Payment Services Directive (PSD2). The changes reflect some consequential amendments to the reporting templates under the guidelines as a result of clarifications provided more recently by the European Commission on the application of strong customer authentication (SCA) to certain type of transactions.
The European Central Bank (ECB) has today published a draft ECB Guideline on the definition of the materiality threshold for credit obligations past due for less significant institutions (LSIs). Feedback can be submitted until Monday, 17 February 2020. The comments received will be taken into account when finalising the ECB Guideline.
The Digital Identity and Access Management Forum will offer an ideal space for networking with industry players; senior managers, decision-makers, and practitioners operating in the industries and making the most of banking technologies.
EBRD President Suma Chakrabarti has pledged support for Romania’s efforts to pursue pro-business reforms, address Romania’s infrastructure needs and encourage investment in human and physical capital.
The European Banking Authority (EBA) published today a Report on the recent trends of BD&AA in the banking sector and on the key considerations in the development, implementation and adoption of BD&AA. The aim of this assessment is to share knowledge among the stakeholders and, in particular, to ensure regulators and supervisors are well informed on the developments, in an effort to support technological neutrality across the regulatory and supervisory approaches. The need for necessary competence is becoming increasingly important, raising an important challenge for institutions, supervisors and regulators. Training and development, as well as closer engagement between the relevant stakeholders, could be an appropriate starting point for addressing this challenge.