2019 Resolution Compendium
We have published a new version of our Resolution Compendium.
The Compendium provides information about the resolution regime for banks, the deposit guarantee scheme (DGS), the resolution planning process and the resolution and DGS funds.
It also presents an overview of the priorities and regular interactions scheduled for 2019 between DNB and the Single Resolution Board and financial institutions. After all, close cooperation is the key to resolution planning. The Resolution Compendium is updated every year and you can find it on our website.
Preparations for Brexit
On 10 April 2019, the European Council decided to extend the Brexit deadline to 31 October 2019. It also decided that the United Kingdom is obliged to hold elections to the European Parliament if it has not ratified the withdrawal agreement by 22 May 2019. If the United Kingdom fails to live up to this obligation, the withdrawal will take place on 1 June 2019. The transitional period until end 2020 that the EU and the UK agreed on earlier, and that enters into effect following the ratification of the agreement, has not been changed.
The extension grants the United Kingdom more time to reach a withdrawal agreement with the European Union. This means the risk of a no-deal Brexit is postponed rather than eliminated. Banks must continue to keep this in mind in their preparations for Brexit. Moreover, several laws and regulations announced by the European Commission and the Dutch Ministry of Finance in the event of a no-deal Brexit will be of a temporary nature, just like the transitional period in the event of a deal.Banks must continue to implement measures anticipating the expiration of temporary laws and regulations.
Relevant international publications and calendar
- Council adopted a series of contingency measures for a no-deal scenario
- EBA updates list of Other Systemically Important Institutions (O-SIIs)
- EBA published a report on impact of final Basel III reforms on EU bank capital and a report on compliance with liquidity measures in the EU
- BCBS published results of survey on proportionality in bank regulation and supervision
- EP adopted new EU rules for standard minimum coverage of bad loans
- EBA publishes clarifications to the second set of issues raised by its Working Group on APIs under PSD2
- EU financial regulators highlight risks of a no-deal Brexit and asset price volatility
- ESAs publish Joint Advice on Information and Communication Technology risk management and cybersecurity
- EBA updates list of diversified indices
- Newly published EBA Q&A’s (arranged by topic): Credit risk: 2018_4328
Own funds: 2018_4269
Leverage ratio: 2018_3756
PSD2: 2018_4140, 2019_4609
Securitisation: 2018_3806, 2018_4262
Supervisory reporting: 2018_4146, 2018_4009, 2018_4066, 2018_4005, 2018_3991, 2018_3794, 2018_3970, 2018_4092, 2018_4271, 2018_4091, 2018_4093, 2018_4263, 2018_3934