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ARTICLE · 30 MARCH 2015

European Banking Authority Consults On Technical Standards For Prudential Requirements For CSDs

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On February 27, 2015, the EBA launched a consultation on proposed draft RTS on the prudential requirements for central securities depositories.

European UnionFinance and Banking
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On February 27, 2015, the EBA launched a consultation on proposed draft RTS on the prudential requirements for central securities depositories. The EBA is required to prepare the RTS under the EU Regulation on Settlement and Central Securities Depositories, which aims to increase the safety and efficiency of securities settlement and settlement infrastructures. The EBA is consulting on three proposed draft RTS which cover: (i) capital requirements for CSDs; (ii) the additional risk-based capital surcharge applicable to CSDs carrying out ancillary banking activities; and (iii) the framework and tools for monitoring, measuring, managing and reporting of the credit and liquidity risks related to any ancillary banking activities offered by a CSD. The consultation closes on April 27, 2015. The EBA must submit the draft RTS to the Commission by June 18, 2015.

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