2009

The topic of internal governance has been receiving recently more and more attention from various policy making bodies around the world. The first wave of this focused attention was largely targeted to the remuneration (incl. executive pay) in the financial sector, however, recently the broader aspect of internal governance is subject to heightened attention.

CEBS is making a survey on the implementation of how European banks have implemented CEBS principles for internal governance (CEBS Guidelines on Supervisory Review Process). The objective of the survey is to identify the major general issues and topics for the further detailed investigations. This analysis will serve as an input to updating CEBS guidelines on internal governance.

To facilitate the discussion we will send out to participants one week before the workshop takes place a summary of the issues raised in the survey and a first view on areas which need to be enhanced in the future.

Supervisors and industry will make presentations on their internal governance experiences in order to foster the discussion on the way forward with the CEBS principles on internal governance.

The workshop on internal governance will take place on Tuesday, 1 December 2009 from 9:30 am to 13:15 pm, in London, at CEBS’s premises.

Registrations should be received by Tuesday, 24 November 2009.

Following the publication of the interim report on liquidity buffers and “survival” periods in March 2009, CEBS has launched a public consultation on its draft guidelines on the appropriate size and composition of liquidity buffers in order to enable credit institutions to withstand a liquidity stress for a period of at least one month without changing their business models. The guidelines are aimed primarily at banks’ internal risk management processes, although they may be helpful for supervisory review purposes as well.

CEBS's consultation paper (CP28) should be read as a follow-up to CEBS’s Recommendations on liquidity risk management, in particular to Recommendation 16.

Comments received will be published on CEBS’s website unless respondents explicitly request otherwise.

A public hearing will take place on Tuesday 22 September 2009 from 10.30 am to 12.30 pm at the CEBS’s premises in order to allow all interested parties to put forward their views on the consultation paper.

Registrations should be received by Wednesday, 16 September 2009.

In June 2009 the Committee of European Banking Supervisors (CEBS) published its consultation paper (CP 27) on its implementation guidelines on hybrid capital instruments. The consultation is open to all interested parties, including supervised institutions and other market participants.

Following CEBS’s proposal for a common EU definition of Tier I hybrids, published in April 2008, explicit rules for the treatment of hybrid capital instruments are now included in the amended Capital Requirements Directive (CRD).

This consultation paper responds to Article 63a (6) of the revised CRD that requires CEBS to “elaborate guidelines for the convergence of supervisory practices with regard to the instruments referred to in Article 63a (1) and in Article 57(a) and monitor their application”. In addition, the draft guidelines aim to complement the new CRD provisions, in particular Articles 63a and 66 (1a) where additional guidance appears necessary or appropriate. Thus, the draft guidelines presented in this consultation paper cover the topics of permanence, flexibility of payments, loss absorbency, limits and hybrid instruments issued through an SPV.

Comments received will be published on CEBS’s website unless respondents explicitly request otherwise.

A public hearing will take place on Tuesday, 8 September 2009 from 9.30 am to 1.00 pm at the CEBS’s premises in order to allow all interested parties to put forward their views on the consultation paper.

Registrations should be received by Wednesday, 2 September 2009.

CEBS has published in June 2009 a consultation paper (CP26) on draft implementation guidelines for three aspects of the revised large exposures regime. The consultation is opened to all interested parties, including supervised institutions and other market participants.

Following CEBS's second advice delivered to the European Commission in April 2008, a revised large exposures regime is now included in an amendment to the Capital Requirements Directive (CRD). The amended provisions need to be transposed into Member States' national law by 31 October 2010 and will then be applied from 31 December 2010.

CEBS's draft proposals are open to responses until 11 September 2009. Comments received will be published on CEBS's website unless respondents request otherwise. Please send your comments to the following email address: cp26@c-ebs.org. 

A public hearing will be held on Monday, 7 September 2009 at CEBS's premises in London, from 10:00 to 13:00 to allow interested parties to share their views with CEBS.

Registrations should be received by Wednesday, 2 September 2009. 

The Committee of European Banking Supervisors (CEBS) launched a public consultation on its Guidelines on operational risk mitigation techniques on 15 April 2009. The consultation is open to all interested parties, including supervised institutions and other market participants. Comments received will be published on CEBS’s website unless respondents explicitly request otherwise. Please send your comments to the following e-mail address: cp25@c-ebs.org by 7 July 2009.

The intent of CEBS’s paper is to move forward with respect to the GL10 paper of April 2006, which provided only limited guidance on insurance contracts and Other Risk Transfer Mechanisms (ORTM) for transferring operational risk.

A public hearing will take place on Thursday, 9 July 2009 from 10:45 to 13:00 at CEBS’s premises in order to allow all interested parties to present their comments to CEBS.

Registrations should be received by Wednesday, 1 July 2009.

The Committee of European Banking Supervisors (CEBS) started a public consultation on its proposed amendments to the Guidelines on Financial Reporting (FINREP). The consultation period will run for three months and will end on 10 June 2009.

The consultation is open to all interested parties, including supervised institutions and other market participants. Comments received will be published on CEBS’s website unless respondents explicitly request otherwise. Please send your comments to the following e-mail address: cp06rev2@c-ebs.org.

A public hearing will be held on 27 May 2009 at CEBS’s premises to allow all interested parties to present their comments.

Registrations should be received by Wednesday, 20 May 2009.
 

Following the delivery of the report on custodian banks to the ECOFIN, CEBS has committed to undertake further work to establish the materiality of custodian banks internalising settlement activities or carrying out Central Counterparty (CCP)-like activities. The report identified certain gaps with regards to these activities in the current applicable banking regulations, in comparison to the ESCB-CESR draft Recommendations.

In order to gather evidence about the extent to which such activities are performed, CEBS published a questionnaire which will help assess the materiality of this market practice. The questionnaire was published for a public consultation from 2 February until 4 March 2009. In parallel CEBS has also asked its members and observers to report on their assessment of such practices in a separate questionnaire. CEBS expects to deliver its results by early Q2 2009.

Comments received will be published on the CEBS website unless respondents explicitly request otherwise. Please send your comments to the following e-mail address: cb@c-ebs.org.

A public hearing will take place on Tuesday 24 March 2009 from 10.00 am to 1.00 pm at the CEBS’s premises in order to allow all interested parties to put forward their views on the draft outcome of the responses to the questionnaire.

Registrations should be received by Monday, 16 March 2009. 

The Committee of European Banking Supervisors (CEBS) published its principles on remuneration policy and invites interested parties to comment on the set of guidelines. These principles address key aspects of a well functioning remuneration policy and thus support the sound operations of banking institutions. The consultation will last for one month and will end on Friday, the 3rd April 2009. The shortened consultation period is caused by external deadlines. Please send any comments to CP23@c-ebs.org before that date. Comments received will be published on CEBS’s website unless respondents explicitly request otherwise.

CEBS will hold a public hearing on the 20 March 2009 from 1.00pm – 4.30pm GMT at the CEBS premises, in London.

Registrations should be received by Friday, 13 March 2009.

The Committee of European Banking Supervisors (CEBS) has started a public consultation on its Compendium of Supplementary Guidelines on implementation issues of operational risk (the Compendium).

The Compendium is published for a public consultation which runs until 31 March 2009. Comments received will be published on the CEBS website unless respondents explicitly request otherwise.

A public hearing will take place on 10 March 2009 at CEBS’s premises in order to allow all interested parties to present their comments to CEBS.

Registrations should be received by Tuesday, 3 March 2009.