EBA publishes opinion on prudential waivers: EBA has submitted to the Commission an opinion on the application of waivers from prudential regulation under the CRD 4 and the Capital Requirements Regulation (CRR). The opinion is based on consultation with national supervisors, which broadly support the waivers. Nonetheless, EBA says the waivers should be reviewed in light of recovery and resolution strategies involving a free transfer of funds, and also as regards the prudential treatment of investment firms, which is still subject to change. (Source: EBA Advises on the Application of Prudential Requirements for Credit and Investment Institutions)

EBA updates single rulebook FAQs: EBA has published more questions in its single rulebook questions and answers. (Source: EBA Updates Single Rulebook FAQs

EBA consults on materiality of past due obligations in default definition: EBA is consulting until 31 January on RTS to harmonise the materiality thresholds above which an obligation past due for over 90 days should be regarded as a defaulted obligation. EBA proposes a maximum absolute threshold, set at EUR 200 for retail and EUR 500 for non-retail exposures, and a maximum relative threshold, set at 2% of all the total credit obligations of the obligor. National authorities would have discretion to set lower thresholds subject to other considerations outlined in the consultation, such as the characteristics of the obligors and transactions, default and cure rates and market practices. EBA also proposes to give national authorities discretion to allow longer transition periods for certain firms. (Source: Materiality of Past Due Obligations in Default Definition)

EBA consults on payment account terminology: EBA is consulting on Guidelines on national provisional lists of the most representative services linked to a payment account and subject to a fee under the Payment Accounts Directive. It asks for comment by 9 January 2015. (Source: EBA Consults on Payment Account Terminology)

EBA proposes RTS on contractual recognition of bail-in: EBA has published a consultation on the RTS it has to develop on the obligation on relevant financial institutions to include, in the contractual terms of their funding liabilities governed by the law of a non-Member State, a provision whereby the creditor recognises that the liability may be subject to write-down or conversion under the Bank Recovery and Resolution Directive (BRRD). This requirement does not apply where a resolution authority determines that foreign law-governed bail-in terms would be enforced under the law of that third country or pursuant to an agreement concluded with the third country. The RTS specifies the assessment a resolution authority must make to reach that determination. It also specifies the terms that must be present in the bail-in recognition provision. The deadline for comments is 5 February. (Source:RTS on Contractual Recognition of Bail-in)