Regulatory Watch
NFC continuously monitors the regulatory landscape and supports banks and credit market companies by analysing regulatory developments that affect their business. Below is an extract of the main banking regulatory news from the past quarter.
Top 3 Banking Regulatory News for Q4 2024
- Technical Standard (ITS) for supervisory reporting under CRR 3 and Technical Standard (ITS) for public disclosure under CRR 3
The new technical standards for supervisory reporting and disclosure under CRR 3 have been published in the Official Journal of the EU. CRR 3 introduces new and amended requirements for the reporting of own funds and own funds requirements (risk-weighted asset floors, credit and counterparty credit risk, credit valuation adjustments, market risk, operational risk, loss coverage for non-performing exposures and crypto-assets), for the reporting of information on losses from securitised lending and for the reporting of information on leverage ratios. The first quarterly report for own funds and own funds requirements and leverage ratio will be submitted by 30 June 2025 instead of 12 May 2025. The technical standard on disclosure reflects the new disclosure requirements of CRR 3 and will apply from 1 January 2025.
Read more: Supervisory reporting: https://eur-lex.europa.eu/legal-content/SV/TXT/PDF/?uri=CELEX:32024R3117
Read more: Publication: https://eur-lex.europa.eu/legal-content/SV/TXT/PDF/?uri=CELEX:32024R3172
- Technical standard (ITS) on information repositories for ICT providers complementing DORA
The technical standard (ITS) on information registers for ICT service providers complementing DORA has been published in the Official Journal of the EU. The standard templates have been designed for the register of information on all contractual arrangements relating to the use of ICT services provided by third-party ICT service providers referred to in Article 28(3) of Regulation (EU) 2022/2554 (DORA). The information is necessary for the annual process by which EBA, EIOPA and ESMA determine which third-party ICT service providers are to be considered critical. The technical standard will apply from the date of application of DORA, 17 January 2025.
Read more: https://eur-lex.europa.eu/legal-content/SV/TXT/?uri=CELEX:32024R2956
- New and amended regulations and general guidelines following the Dora Regulation
FI has published new and amended regulations and general guidelines as a result of the Dora Regulation. The regulation contains harmonised rules on risk management relating to information and communication technology (ICT), reporting of ICT-related incidents, testing of firms' digital preparedness, risk management of third-party ICT service providers and information sharing. As the Dora Regulation applies to most types of firms in the financial sector, amendments are made to various regulations that apply to different parts of the financial sector. FI is also adopting new regulations specifying the technical format that firms shall use when reporting to FI under the Dora Regulation and when they shall report information registers under the Dora Regulation. The new and amended regulations will enter into force on 17 January 2025.
Read more: https://fi.se/sv/publicerat/nyheter/2024/nya-och-andrade-foreskrifter-och-allmanna-rad-till-foljd-av-dora-forordningen/
Newsletter
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