Europe

November 6, 2019

Czech National Bank launches FinTech contact point

The Czech National Bank (CBN) has established a FinTech contact point.   In so doing, the CBN is following the lead of the European Supervisory Authorities, which already have FinTech support programs.   The FinTech contact point is aimed at promoting the introduction of innovative technologies on the Czech financial
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October 30, 2019

EBA proposes to further strengthen depositor protection in the EU

The European Banking Authority has published its second opinion on implementing the Deposit Guarantee Schemes Directive in the EU.   The opinion focuses on payouts by deposit guarantee schemes (DGSs) and proposes a number of changes to the EU legal framework.   The proposed changes are aimed at strengthening depositor
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October 24, 2019

Review of capital regime for UK credit unions

The Prudential Regulation Authority (PRA) is proposing changes to the capital requirements that apply to credit unions.    For credit unions with more than £10m of total assets, the PRA proposes to provide a greater degree of flexibility and remove barriers to growth by replacing the current regime with a
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October 23, 2019

SRB consults on its ‘Expectations for Banks’ 

The Single Resolution Board (SRB) has launched a consultation on its ‘Expectations for Banks.’  The document outlines best practices on key aspects of resolvability.   The document sets out the capabilities the SRB expects banks to demonstrate in order to show that they are resolvable.  It outlines benchmarks for assessing resolvability and
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October 21, 2019

The Netherlands: Banks to hold more capital for their mortgage portfolios

The DNB has indicated it will introduce a floor for risk weights of domestic mortgage loan portfolios of Dutch banks.   According to the regulator, the floor will increase with the loan to value ratio of the underlying mortgage loans.  Due to this proposed measure, the risk weights of mortgage
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