At its core, the EU banking package is a multi-issue package. However, in terms of changing the cost of credit and its impact on the real economy, the new rules on credit risk and the output floor are the most relevant.
The ban on dividend payouts by the Eurozone’s supervisory authority is a discretionary action that clouds market expectations with regard to the equity of credit institutions.
Ignazio Angeloni: The return to normality after the coronavirus pandemic requires, among other things, that banks be saved, and this will not happen unless regulation is adapted and more public support is provided.
Jan Krahnen: Germany's 2020 EU Council Presidency is an opportunity for sustainable development towards a political union regarding capital market, banks and the budget
In July, the Capital Requirements Regulation were amended, through the so called CRR quick fix, and the European Central Bank as well as the European Securities and Markets Authority issued new guidelines.
Extended implementation deadlines to mitigate the impact of the COVID-19 crisis, new rules for central counterparty colleges, and FSB evaluation of "too big to fail" reforms for systemically important banks.
In July, the Capital Requirements Regulation were amended, through the so called CRR quick fix, and the European Central Bank as well as the European Securities and Markets Authority issued new guidelines.
A pan-European pension product and new rules for investment funds, reforms in the Banking Union and guidelines on sustainable finance: a selection of regulatory developments from this month.