As mentioned previously, the banking package focuses on enhancing transparency in the banking sector. Therefore, the banking package has added disclosures or increased their frequency. For example, risk remuneration in several risk positions to calculation of own funds for market risk, large exposures, rating downgrades, et al.
As for next steps, the legislation will be signed off in May 2019 and is expected to be printed in the Official Journal of the European Union in June. The legislation is enforceable 20 days after publication. Most of the rules go live in the later part of 2021.
The VIP round table event on 24 June 2019 kickstarts KPMG´s Risk Advisory teams response to market queries received over the past few months. Get in touch with our key contacts for workshops, training, impact assessment and implementation plans.