EU Banking Reforms definition

EU Banking Reforms means the CRD V Directive, BRRD II, CRR II and the SRM Regulation II.
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EU Banking Reforms means the CRD V Directive (as defined in the accompanying prospectus), BRRD II, CRR II and the SRM Regulation II.
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EU Banking Reforms means the CRD V Directive, BRRD II, CRR II and the SRM Regulation II. “EUR”, “euro” or “€” means the currency of the member states of the European Union (“EU”) that, from time to time, have adopted the single currency in accordance with the treaty establishing the European Community, as amended from time to time.
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Examples of EU Banking Reforms in a sentence

  • Risks relating to the EU Banking Reforms On 23 November 2016, the European Commission announced amendments of certain provisions of, inter alia, CRD IV, CRR, the BRRD and the SRM Regulation which were included in the EU banking reform package adopted in April 2019 (the "EU Banking Reforms") and which, amongst other things, are intended to implement the final total loss-absorbing capacity ("TLAC") standard and clarify its interaction with MREL (as defined below).

  • This is especially due to the implementation and entry into force of the changes to BRRD and SRM Regulation forming part of the EU Banking Reforms.

  • The Intervention Act, BRRD, SRM and the EU Banking Reforms may lead to lower credit ratings and may increase the Issuer's cost of funding and thereby have an adverse impact on the Issuer's funding ability, financial position and results of operations.

  • The MREL Framework is subject to ongoing change, and is expected to become more stringent, including as a result of the EU Banking Reforms, which contemplate certain changes to align the MREL framework under the BRRD and the SRM Regulation with the Financial Stability Board's ("FSB") standards on total loss-absorbing capacity of global systemically important banks in resolution of 9 November 2015 (the TLAC standards).

  • The Issuer must comply with a Liquidity Coverage Ratio (LCR) and the EU Banking Reforms introduced a binding Net Stable Funding Ratio (NSFR) and leverage ratio.

  • During February 2019, the Committee of Permanent Representatives endorsed the positions agreed with the European Parliament on all elements of the EU Banking Reforms.

  • On 4 December 2018, the Council endorsed the agreement between the Council Presidency and the European Parliament on various elements of the EU Banking Reforms.

  • This is especially due to the implementation and entry into force of the changes to CRD IV included in the EU banking package adopted in May 2019 (the 'EU Banking Reforms') and the finalised Basel III reforms as published on 7 December 2017 (the 'Basel III Reforms') (informally referred to as Basel IV).

  • This is among others due to the fact that the EU Banking Reforms and notably the Basel III Reforms are still subject (in part) to further implementation in EU or national laws.

  • International discussions are ongoing with respect to a possible leverage ratio surcharge (compared to the 3% introduced in the EU Banking Reforms) for global systemically important institutions ("G-SIIs").


More Definitions of EU Banking Reforms

EU Banking Reforms means the European Commission’s proposals to amend and supplement certain provisions of the CRD IV Directive, the CRR, the SRM Regulation and the BRRD, together with the Council of the EU’s General Approach, the European Parliament’s reports, the Political Agreement and its endorsements by the COREPER and by the European Parliament’s Committee on Economic and Monetary Affairs;
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EU Banking Reforms means the package of reforms to the Capital Requirements Directive (Directive 2013/36/EU), the Capital Requirements Regulation (Regulation 575/2013), the BRRD and the SRM Regulation adopted in May 2019; and
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EU Banking Reforms means the package of reforms to the Capital Requirements Regulation (Regulation 575/2013), Capital Requirements Directive (Directive 2013/36/EU), the BRRD and the SRM Regulation announced by the European Commission on 23 November 2016; and
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EU Banking Reforms means the CRD V Directive, BRRD II, CRR II and the SRM Regulation II. "GCC Group" means the Issuer, each Member and each of their respective Subsidiaries.
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EU Banking Reforms means the CRD V Directive, BRRD II, CRR II and the SRM Regulation II; "Existing Shareholders" has the meaning given in the definition of "Newco Scheme"; "Extraordinary Resolution" has the meaning given to such term in Condition 13;
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Related to EU Banking Reforms

  • Applicable Banking Regulations means at any time the laws, regulations, requirements, guidelines and policies relating to capital adequacy, resolution and/or solvency including, among others, those giving effect to the MREL and the TLAC or any equivalent or successor principles, then applicable to Banco Santander and/or the Group including, without limitation to the generality of the foregoing, the CRD IV, the BRRD, the SRM Regulation and those regulations, requirements, guidelines and policies relating to capital adequacy, resolution and/or solvency of the Regulator and/or the Relevant Resolution Authority then applicable to Banco Santander and/or the Group including, among others, those giving effect to the MREL and the TLAC or any equivalent or successor principles, in each case to the extent then in effect in the Kingdom of Spain (whether or not such regulations, requirements, guidelines or policies have the force of law and whether or not they are applied generally or specifically to Banco Santander and/or the Group).

  • RFR Banking Day means any day specified as such in the Reference Rate Terms.

  • International banking institution means an international financial institution of which the United States is a member and whose securities are exempt from registration under the Securities Act of 1933.

  • Local Banking Day means a day (other than a Saturday or Sunday) on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in the place of presentation of the relevant Covered Bond or, as the case may be, Coupon; and

  • Zurich Banking Day means a day on which banks are open in the City of Zurich for the settlement of payments and of foreign exchange transactions.

  • Digital Banking (a) means our present and future online banking services which can be accessed through 365 Online, Business Online, Bank of Ireland Mobile Banking, and services available on www.bankofireland.com; and

  • Relevant Banking Day means a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in the place where the specified office of the Registrar is located and, in the case only of an exchange of a Bearer Note for a Registered Note where such request for exchange is made to the Principal Paying Agent, in the place where the specified office of the Principal Paying Agent is located;

  • Federal banking agencies means the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, the Director of the Office of Thrift Supervision, the National Credit Union Administration, and the Federal Deposit Insurance Corporation.

  • Mobile Banking means the banking services accessible from the Device you have registered with us for Mobile Banking.

  • Federal banking agency means the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, the Director of the Office of Thrift Supervision, the National Credit Union Administration and the Federal Deposit Insurance Corporation;

  • London Banking Day means any day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar market.

  • Municipal Finance Management Act means the Local Government: Municipal Finance Management Act, 2003 (Act No. 56 of 2003);

  • Mobile Banking Service means the EB Services which we enable you to access via the Mobile Banking App or a web browser designed for use on a Mobile Device; and

  • Public Finance Management Act ’ means the Public Finance Management Act, 1999 (Act No. 1 of 1999);

  • New York Banking Day means any day except a Saturday, Sunday or a legal holiday in The City of New York or a day on which banking institutions in The City of New York are authorized or obligated by law, regulation or executive order to be closed.

  • Online Banking is the internet-based service providing access to your Bank account(s);

  • Appropriate Federal Banking Agency means the “appropriate Federal banking agency” with respect to the Corporation as defined in Section 3(q) of the Federal Deposit Insurance Act (12 U.S.C. Section 1813(q)), or any successor provision.

  • Internet Banking means the service we offer by which you can access and transact on a nominated account by using a personal computer and accessing via our website. This includes transactions processed through the mobile banking facility as well as the smartphone app facility.

  • banking company means a banking company as defined in clause (c) of section 5 of the Banking Regulation Act, 1949 (10 of 1949);

  • international waters means waters falling outside the sovereignty or jurisdiction of any State;

  • LIBOR Banking Day has the meaning set forth in Section 2.10(b)(1).

  • New York City Banking Day means any day on which commercial banks are open for general business (including dealings in foreign exchange and foreign currency deposits) in New York City;

  • London Inter-Bank Offered Rate means the interest rate at which the Bank's London Branch, London, Great Britain, would offer U.S. dollar deposits for the applicable interest period to other major banks in the London inter-bank market at approximately 11:00 a.m. London time two (2) London Banking Days before the commencement of the interest period. A "London Banking Day" is a day on which the Bank's London Branch is open for business and dealing in offshore dollars.

  • Number Portability Administration Center or "NPAC" means one (1) of the seven (7) regional number portability centers involved in the dissemination of data associated with ported numbers. The NPACs were established for each of the seven (7) original Xxxx Operating Company regions so as to cover the fifty (50) states, the District of Columbia and the U.S. territories in the North American Numbering Plan area. "Numbering Plan Area" or "NPA" is also sometimes referred to as an area code. It is a unique three-digit indicator that is defined by the "X," "X" and "C" digits of each 10-digit telephone number within the NANP. Each NPA contains 800 possible NXX Codes. There are two (2) general categories of NPA. "Geographic NPA" is associated with a defined geographic area and all telephone numbers bearing such NPA are associated with services provided within that geographic area. A "Non-Geographic NPA," also known as a "Service Access Code" (SAC Code), is typically associated with a specialized Telecommunications Service which may be provided across multiple geographic NPA areas; 500, Toll Free Service NPAs, 700, and 900 are examples of Non-Geographic NPAs. "NXX," "NXX Code," "Central Office Code," or "CO Code" is the three- (3)-digit Switch entity code which is defined by the "D," "E" and "F" digits of a ten- (10) digit telephone number within the NANP. "Operational Support Systems" or "OSS" shall have the meaning set forth in Section 12. "Optional Testing" is testing conducted by CenturyLink, at the request of CLEC, that is in lieu of testing CLEC should complete to isolate trouble to the CenturyLink network prior to submitting a trouble ticket to CenturyLink.

  • Telephone Banking means banking services available from time to time by telephone;

  • Relationship Manager means the individual who is appointed by us from time to time and notified to you in writing as your relationship manager in relation to the relevant services provided to you under these Terms and/or provided by our Associate;