Banking Reform Package definition

Banking Reform Package means: (i) Regulation (EU) 2019/876 of the European Parliament and of the Council of 20 May 2019 amending Regulation (EU) No. 575/2013 as regards the leverage ratio, the net stable funding ration, requirements for own funds and eligible liabilities, counterparty credit risk, market risk, exposure to central counterparties, exposures to collective investment undertakings, large exposures, reporting and disclosure requirements, and Regulation (EU) No. 648/2012; (ii) Regulation (EU) 2019/877 of the European Parliament and of the Council of 20 May 2019 amending Regulation (EU) No. 806/2014 as regards the loss-absorbing and recapitalization capacity of credit institutions and investment firms; (iii) Directive (EU) 2019/878 of the European Parliament and of the Council of 20 May 2019 amending Directive 2013/36/EU as regards exempted entities, financial holding companies, mixed financial holding companies, remuneration, supervisory measures and powers and capital conservation measures; and (iv) Directive (EU) 2019/879 of the European Parliament and of the Council of 20 May 2019 amending Directive 2014/59/EU as regards the loss-absorbing and recapitalization capacity of credit institutions and investment firms and Directive 98/26/EC;
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Banking Reform Package means (i) Regulation (EU) 2019/876 of the European Parliament and of the Council of 20 May 2019 amending Regulation (EU) No. 575/2013 as regards the leverage ratio, the net stable funding ratio, requirements for own funds and eligible liabilities,
Sample 1Sample 2Sample 3
Banking Reform Package means (i) Regulation (EU) 2019/876 of the European Parliament and of the Council of 20 May 2019 amending Regulation (EU) No. 575/2013 as regards the leverage
Sample 1

Examples of Banking Reform Package in a sentence

  • The Banking Reform Package also contains the Directive (EU) 2019/879 (BRRD II), which amended the BRRD, introducing, inter alia, significant changes to the standards regarding the calibration of the MREL requirement for banks that are systematically relevant and redefining the scope of MREL itself in order to align the eligibility criteria with those set out in the CRR so as to converge this ratio with the TLAC.

  • If you are not able to use such a service we may use SMS (text messages); however, this does increase the risk of someone intercepting the message.

  • New regulatory capital and other requirements introduced by the EU Banking Reform Package and the implementation of other regulatory initiatives, which must be complied by Banca IMI, may affect its capital structure and could have a material adverse effect on Banca IMI's business, financial condition and results of operations.

  • Checking the Electric Price of specific customers with a constant frequency.

  • On 20 May 2019, the European Commission adopted the EU Banking Reform Package consisting of revised the CRD IV and the CRR as well as of the BRRD.

  • It thus meets the subordination requirement with a ratio of 24.8% of RWA (10.2% TLOF).On 20 May 2020, the SRB issued a new MREL policy, which it will apply under the Banking Reform Package.

  • New regulatory capital and other requirements introduced by the EU Banking Reform Package and the implementation of other regulatory initiatives, which must be complied by the Group, may affect its capital structure and could have a material adverse effect on its business, results of operations and financial condition.

  • This unveiled the second nature of MREL, that has effect also ex-ante, in good times, and not only contingently on resolution.Building on this theoretical construct, the article discusses the legal innovation brought about by the 2019 Banking Reform Package.

  • On 27 June 2019, the Banking Reform Package came into force, subject to various transitional and staged timetables.

  • Such activities are now subject to stringent conditions and to the prior approval of the competent authority.94Therefore, the functional relevance of reforming qualitative requirements for eligible liabilities lies in striking a difference balance between financial stability considerations and market discipline.95 After the Banking Reform Package, the financial stability considerations prevailed not only when it comes to capital instruments but also for other eligible liabilities.

Related to Banking Reform Package

  • Preliminary Closing Statement has the meaning specified in Section 2.3(a)(ii).

  • Proposal Due Date and Time means the date and time specified in the Request for Proposal as the deadline for submitting Proposals.

  • Closing Statement means the Closing Statement in the form on Annex A attached hereto.

  • Technical Guidance Letter or “TGL” means an instruction, clarification, or interpretation of the requirements of the Contract, issued by the System Agency to the Grantee.

  • Welcome Letter means the document entitled “welcome letter” containing important details about this group policy;

  • Application Review Start Date means the later date of either the date on which the District issues its written notice that the Applicant has submitted a completed Application or the date on which the Comptroller issues its written notice that the Applicant has submitted a completed Application and as further identified in Section 2.3.A of this Agreement.

  • Estimated Closing Statement has the meaning set forth in Section 2.4(a).

  • Financial Proposal means the Contractor’s Financial Proposal dated (Financial Proposal date).

  • Direct Debit Request means the Direct Debit Request between Us and You.

  • Proposal Due Date means the date and time specified in the Proposal Invitation, or any addenda thereto, by which Vendors are required to submit Proposals for this Proposal Invitation.

  • Post-Closing Statement is defined in Section 2.7(a).

  • Financial Monitoring Report or “FMR” means each report prepared in accordance with Section 4.02 of this Agreement;