Central Bank confirms application of measures outlined in various statements made by ESAs in recent weeks in relation to regulatory flexibility

The Central Bank is today confirming that it will apply the measures outlined in various statements made by the European Supervisory Authorities (ESAs) in recent weeks.  

In particular the Central Bank has confirmed its application of two recent EBA statements to MiFID investment firms subject to CRR/CRD IV, one on the application of the prudential framework on targeted aspects in the area of market risk in the COVID-19 outbreak, and another on additional supervisory measures in the COVID-19 pandemic.

In addition the Central Bank has confirmed its approach to certain deadlines for bilateral margining under EMIR, in accordance with a recent ESA publication.

Further details are available here.