Financial Regulation: Weekly Update. 17 November 2017

Highlights: Council endorsed agreement on creditor hierarchy, IFRS 9 and large exposure. EC consulted on backstops for insufficient NPL provisions. ECB issued opinions on the current regulatory reform. EBA published implementation report on O-SIIs, and on internal models’ consistency. ESMA published final report on MMF regulation. BdE consulted on PAC and PAL guidelines.

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