22 December 2009
CEBS today publishes its Guidelines on operational risk mitigation techniques
The Committee of European Banking Supervisors (CEBS) today publishes its guidelines on operational risk mitigation techniques following a three-month public consultation period and a public hearing. These guidelines, which build on the provisions of the Capital Requirements Directive (CRD) and CEBS’s Guidelines on the Implementation, Validation and Assessment of AMA and IRB Approaches (
Implementation Guidelines – GL10) provide supervisory expectations and clarification on the recognition of risk transfer instruments within the AMA.
21 December 2009
CEBS today publishes its draft guidelines on the management of operational risk in market-related activities
The Committee of European Banking Supervisors (CEBS) today publishes its consultation paper (CP35) on its draft guidelines on the management of operational risk in market-related activities. The consultation is open to all interested parties, including supervised institutions and other market participants.
public hearing
17 December 2009
CEBS today published its draft Guidelines for the operational functioning of colleges
The Committee of European Banking Supervisors (CEBS) today publishes its draft guidelines for the operational functioning of colleges. The consultation is open to all interested parties, including supervised institutions and other market participants.
17 December 2009
CEBS today publishes the summary of the public Roundtable “Fostering convergence of Pillar 3 disclosures”
The Committee of European Banking Supervisors (CEBS) held a public roundtable discussion on 9 December 2009 to promote convergence in the application of Pillar 3 requirements and thereby enhance comparability of related disclosures. CEBS today publishes the summary of this event along with presentations from preparers and users.
17 December 2009
CEBS today publishes for consultation its draft implementation guidelines on instruments referred to in Article 57(a) of the CRD
The Committee of European Banking Supervisors (CEBS) today publishes its consultation paper (CP33) on its implementation guidelines on capital instruments. The consultation is open to all interested parties, including supervised institutions and other market participants.
17 December 2009
CEBS organises a public hearing on draft disclosure guidelines on lessons learnt from the financial crisis (CP 30)
The Committee of European Banking Supervisors (CEBS) organises a public hearing on 26 January 2010 at the CEBS premises in London from 10.30 to 12.30 to discuss the comments received during the consultation period of its draft disclosure guidelines reflecting the lessons learnt from the financial crisis (
CP 30).
public hearing
15 December 2009
CEBS publishes revised Guidelines on Financial Reporting
CEBS publishes today its revised guidelines on financial reporting (FINREPrev2). The revision of the guidelines is part of CEBS’s effort to streamline reporting requirements for supervised institutions, consistent with the recommendations of the Financial Services Committee Report on Financial Supervision (the Franck Report) and the White Paper of the Commission on Financial Services Policy -2005-2010.
14 December 2009
CEBS draft revised Guidelines on stress testing
The Committee of European Banking Supervisors (CEBS) today publishes the draft of its revised Guidelines on stress testing for consultation. The consultation is open to all interested parties, including supervised institutions and other market participants.
11 December 2009
CEBS draft guidelines on concentration risk
The Committee of European Banking Supervisors (CEBS) today publishes its draft revised guidelines on aspects of the management of concentration risk under the supervisory review process. The consultation is open to all interested parties, including supervised institutions and other market participants.
11 December 2009
Mr. Arnoud Vossen speaks at the BBA Annual Accounting Conference
The presentation of Mr. Arnoud Vossen, Secretary General of the Committee of European Banking Supervisors (CEBS), at the 5th BBA Annual Accounting Conference, in London.
11 December 2009
CEBS today publishes its guidelines on the revised large exposures regime
The Committee of European Banking Supervisors (CEBS) today publishes its guidelines in relation to two specific aspects of the revised large exposures regime that has been included in the amended Capital Requirements Directive (CRD). The amendments will have to be transposed into Member States’ national law by 31 October 2010 and will be applied from 31 December 2010.
11 December 2009
CEBS today publishes its guidelines on common reporting of large exposures
The Committee of European Banking Supervisors (CEBS) today publishes its guidelines in relation to the common reporting of large exposures.
10 December 2009
CEBS today publishes its guidelines on hybrid capital instruments
The Committee of European Banking Supervisors (CEBS) today publishes its implementation guidelines on hybrid capital instruments.
09 December 2009
CEBS Guidelines on Liquidity Buffers
The Committee of European Banking Supervisors (CEBS) today publishes its guidelines on liquidity buffers following a four-month public consultation period and a public hearing. These guidelines, which build on
CEBS’s Recommendations on Liquidity Risk Management, elaborate upon the appropriate size and composition of liquidity buffers to enable banks to withstand a liquidity stress for a period of at least one month without changing their business models.
03 December 2009
CEBS has posted the agenda for its Public Roundtable on Pillar 3 convergence
CEBS has today posted a detailed
agenda for the Public Roundtable it has scheduled for 9 December 2009 with a view to fostering convergence in the application of Pillar 3 requirements and enhancing comparability of related disclosures.
30 November 2009
CEBS has commented on Part 2 of the IASCF Constitution Review Proposals for Enhanced Public Accountability
CEBS has today submitted its
comments on the IASC Foundation's consultation of Part 2 of the Constitution Review
Proposals for Enhanced Public Accountability
The list of all comment letters CEBS submitted to the IASB/IASCF can be accessed
here.
24 November 2009
CEBS has commented on the IASB's Exposure Draft Improvements to IFRSs
CEBS has today submitted its
comments on the IASB's
Exposure Draft ED/2009/11 Improvements to IFRSs.
The list of all comment letters CEBS submitted to the IASB can be accessed
here.
18 November 2009
Mr. Arnoud Vossen speaks at the Euro Finance Week 2009, in Frankfurt
The speech of Mr. Arnoud Vossen, Secretary General of the Committee of European Banking Supervisors (CEBS) on "Towards a New Architecture for European Banking Supervision".
16 November 2009
CEBS organises a public roundtable to foster convergence and comparability of Pillar 3 disclosures
(CEBS) organises a public roundtable on 9 December at the CEBS premises in London from 10.00 am to 13.00 to foster convergence in the application of Pillar 3 requirements and thereby enhancing comparability of related disclosures
03 November 2009
CEBS today publishes its work programme for 2010. CESR, CEBS and CEIOPS also publish their 3L3 work programme for 2010.
The Committee of European Banking Supervisors (CEBS) today publishes its work programme for 2010. CESR, CEBS and CEIOPS also publish their 3L3 work programme for 2010.
03 November 2009
CEBS today publishes its work programme for 2010. CESR, CEBS and CEIOPS also publish their 3L3 work programme for 2010.
The Committee of European Banking Supervisors (CEBS) today publishes its work programme for 2010. CESR, CEBS and CEIOPS also publish their 3L3 work programme for 2010.
03 November 2009
CEBS publishes its advice on the effectiveness of a minimum retention requirement for securitisations
The Committee of European Banking Supervisors (CEBS) today publishes its advice on the effectiveness of a minimum retention requirement for securitisations.
30 October 2009
CEBS and CEIOPS publish advice on issues related to the current application in the areas of definitions and terminology, scope and internal control requirements of the Financial Conglomerates Directive
The Committee of European Banking Supervisors (CEBS) and the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) - through the Joint Committee on Financial Conglomerates (JCFC) - today publish their advice to the European Commission on the review of the Financial Conglomerates Directive (FCD), together with their feedback statement following a 3 month public consultation with stakeholders. Industry’s responses to this consultation were broadly supportive of the JCFC’s work, and of the proposed advice.
21 October 2009
CEBS publishes a Feedback document on its consultation paper on amendments to the guidelines on Financial Reporting
CEBS publishes today its feedback paper on the consultation paper (CP06rev2) regarding amendments to the FINREP guidelines. The consultation period last for three months and ended on the 10 June 2009. 15
public responses were received all of which were published on the CEBS website.
This feedback paper presents a summary of the key points arising from the consultation, the analysis and discussion triggered by these comments and the actions taken to address them if deemed necessary.
15 October 2009
The 3 Level 3 Committees publish today their Compendium Paper on the supervisory implementation practices of the Third Money Laundering Directive
The three Level 3 Committees (the Committee of European Securities Regulators (CESR), the Committee of European Banking Supervisors (CEBS) and the Committee of European Insurance and Occupational Pension Supervisors (CEIOPS) – through its 3L3 Anti Money Laundering Task Force (AMLTF) – publish today their compendium paper on the supervisory implementation practices amongst EU Member States of the Third Money Laundering Directive (2005/60/EC).
09 October 2009
CEBS consults on disclosure guidelines reflecting the lessons learnt from the financial crisis
The Committee of European Banking Supervisors (CEBS) today publishes for public consultation its draft disclosure guidelines intended to help institutions improve their risk disclosures in the wake of the financial crisis.
05 October 2009
CEBS submits comments on the European Commission's consultation on the adoption of ISAs
CEBS has today submitted its comments on the European Commission's consultation document on the adoption of International Standards on Auditing (ISAs) in the EU.
01 October 2009
CEBS press release on the results of the EU-wide stress testing exercise
The Committee of European Banking Supervisors (CEBS) today publishes a press release on the results of the EU-wide stress testing exercise.
28 September 2009
CEBS comments on the IASB's ED/2009/5 Fair Value Measurement
CEBS has today submitted its
comments on the IASB's Exposure Draft ED/2009/5 Fair Value Measurement.
The list of all comment letters CEBS submitted to the IASB can be accessed
here.
25 September 2009
Mr. Giovanni Carosio speaks at CEPR/ESI 2009 Annual Conference
The presentation of Mr. Giovanni Carosio, Chair of the Committee of European Banking Supervisors (CEBS) on "Towards a System of European Supervisory Authorities".
23 September 2009
The Level 3 Committees welcome the new institutional arrangements on European financial supervision
The Level 3 Committees – CESR, CEBS and CEIOPS - welcome the legislative proposals published today by the European Commission on establishing a new institutional framework for financial supervision in the EU.
17 September 2009
CEBS today publishes a Consultation Paper on the Extension of CEBS’s Supervisory Disclosure Framework
The Committee of European Banking Supervisors (CEBS) today publishes a consultation paper (CP29) on the extension of CEBS’s Supervisory Disclosure Framework. The consultation is open to all interested parties, including supervised institutions and other market participants.
public hearing
08 September 2009
CEBS Compendium of supplementary guidelines on implementation issues of operational risk
The Committee of European Banking Supervisors (CEBS) today publishes its “Compendium of supplementary guidelines on implementation issues of operational risk” (the Compendium) and a feedback document following a three-month consultation period on
CP21 and a related public hearing.
01 September 2009
CEBS appoints new Chair and Vice Chair
The Committee of European Banking Supervisors (CEBS) is pleased to announce that Mr. Giovanni Carosio has been appointed as its new Chairman.
27 August 2009
CEBS today publishes its Guidelines on passport notifications
The Committee of European Banking Supervisors (CEBS) today publishes its passporting guidelines following a three month public consultation.
21 July 2009
CEBS today publishes its Revised Peer Review Methodology
The Committee of European Banking Supervisors (CEBS) has published today its revised Peer Review (PR) Methodology that was originally initiated in 2007.
17 July 2009
CEBS today publishes a Position Paper on a countercyclical capital buffer
The Committee of European Banking Supervisors (CEBS) has published today a Position Paper on a countercyclical capital buffer. The objective of this paper is to outline possible practical tools for supervisors to assess banks’ capital buffers under Pillar 2.
07 July 2009
CEBS publishes for consultation its draft guidelines on liquidity buffers
The Committee of European Banking Supervisors (CEBS) today publishes its consultation paper (CP28) on liquidity buffers. This paper sets out draft guidelines on the appropriate size and composition of liquidity buffers with a view to enhance banks’ resilience to liquidity shocks. Bespoke buffers should be in place to enable credit institutions to withstand a liquidity stress for a period of at least one month without changing their business models.
public hearing
02 July 2009
Mr. Arnoud Vossen speaks at the HSBC Chief Financial Officers' Conference, in London
The presentation of Mr. Arnoud Vossen, Secretary General of the Committee of European Banking Supervisors (CEBS) on "Future Shape of Regulation".
29 June 2009
Mrs. Kerstin af Jochnick speaks at the RiskCapital 2009 conference in Brussels
The presentation of Mrs. Kerstin af Jochnick, Chair of the Committee of European Banking Supervisors (CEBS) on "Supervision in Response to the Financial Crisis".
24 June 2009
CEBS has published today two reports setting out the outcome of its assessment of banks’ disclosures
The Committee of European Banking Supervisors (CEBS) has published today two reports setting out the outcome of efforts made in assessing banks’ disclosures i) in their 2008 audited annual reports on activities and exposures affected by the financial crisis and ii) under Pillar 3.
22 June 2009
CEBS publishes for consultation its implementation guidelines on hybrid capital instruments
The Committee of European Banking Supervisors (CEBS) today publishes 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.
22 June 2009
CEBS today publishes its liquidity identity card
The Committee of European Banking Supervisors (CEBS) today publishes its liquidity identity card (hereafter “liquidity ID”) aiming at providing supervisors of European cross-border banking groups with a single prudential language to enable meaningful exchange of information, in particular within colleges of supervisors.
15 June 2009
CEBS organises a public hearing on operational risk mitigation techniques
CEBS organises a public hearing on operational risk mitigation techniques on 9 July 2009.
public hearing
15 June 2009
Mrs. Kerstin af Jochnick speaks at the International Conference that was jointly organised by Bank of Spain and the World Bank
The presentation of Mrs. Kerstin af Jochnick, Chair of the Committee of European Banking Supervisors (CEBS) on "Rethinking the Supervisory Process".
12 June 2009
Consultation paper on CEBS’s draft implementation guidelines on the revised large exposures regime
The Committee of European Banking Supervisors (CEBS) today publishes a consultation paper (CP26) on implementation guidelines, which focuses on three aspects of the revised large exposures regime (definition of ‘connected clients’, calculation of exposure values for schemes with exposure to underlying assets, reporting requirements). The consultation is open to all interested parties, including supervised institutions and other market participants until 11 September 2009.
10 June 2009
CEBS publishes its second advice on options and national discretions
The Committee of European Banking Supervisors (CEBS) today publishes its second advice on options and national discretions.
09 June 2009
CEBS today publishes its Annual Report 2008
The Committee of European Banking Supervisors (CEBS) today publishes its Annual Report 2008.
03 June 2009
CEBS organises a public hearing on liquidity buffers
The Committee of European Banking Supervisors (CEBS) organises a public hearing on liquidity buffers.
public hearing
28 May 2009
Consultation on proposed solutions to address some issues noted in the Financial Conglomerates Directive
The Committee of European Banking Supervisors (CEBS) and the Committee of European Insurance and Occupational Pensions (CEIOPS) - through the Joint Committee on Financial Conglomerates (JCFC) are publishing today the formal consultation on its proposed advice to the European Commission (EC) on its review of the Financial Conglomerates Directive(FCD).
public hearing
15 May 2009
Mrs. Kerstin af Jochnick speaks at the IACPM Spring General Meeting 2009
The presentation of Mrs. Kerstin af Jochnick, Chair of the Committee of European Banking Supervisors (CEBS) on "The Future of Financial Regulation and Supervision"
12 May 2009
CEBS's statement on stress testing exercise
The Committee of European Banking Supervisors (CEBS) today publishes its statement on stress testing exercise.
29 April 2009
CEBS organises a Public Hearing on Transparency
The Committee of European Banking Supervisors CEBS organises an public hearing in London on 28 May 2009 to discuss the findings of its follow-up work assessing banks’ transparency.
public hearing
23 April 2009
Improving supervision in the EU financial services sector: The 3L3 Committees express their support
The 3L3 Committees, CESR, CEBS and CEIOPS, published today their joint response to the European Commission’s consultation on improving the supervision of EU financial markets. The joint response also includes in an annex, the three Committees’ sectoral views on the proposals made by the high-level group (“the Group”) on the structure of financial supervision in the EU, chaired by Jacques de Larosière, which were endorsed by the Commission’s Communication of 4 March 2009.
22 April 2009
Mr. Arnoud Vossen speaks at the OpRisk Europe Event, in London
The presentation of Mr. Arnoud Vossen, Secretary General of the Committee of European Banking Supervisors (CEBS) on "An update on EU Regulation and Policy"
20 April 2009
CEBS publishes its principles on remuneration
The Committee of European Banking Supervisors (CEBS) today publishes a finalised set of principles for remuneration policies following a one-month public consultation period and a public hearing. The principles address key aspects of well functioning remuneration policies and thus support the sound operation of banking institutions.
17 April 2009
CEBS publishes a report on custodian banks’ settlement internalisation and CCP-like activities
The Committee of European Banking Supervisors (CEBS) today publishes a report on the materiality of custodian banks’ engagement in settlement internalisation and Central Counterparty-like activities. This forms part of its follow-up work in response to the
ECOFIN’s request on 3 June 2008 for a review of ‘the coverage of risks borne by custodians (…) so as to ensure a level playing field while avoiding inconsistencies in the treatment of custodians and double regulation’.
15 April 2009
CEBS publishes for consultation its Guidelines on operational risk mitigation techniques
The Committee of European Banking Supervisors (CEBS) today starts a public consultation on its Guidelines on operational risk mitigation techniques.
09 April 2009
CEBS reviews the implementation of the Guidelines on Validation
CEBS today publishes its first peer review report on its members’ compliance with CEBS’s Guidelines on the validation of the Advanced Measurement (AMA) and Internal Ratings Based (IRB) approaches used by banks to calculate capital requirements.
08 April 2009
CEBS consults on high-level principles for risk management
The Committee of European Banking Supervisors (CEBS) today starts a public consultation on its proposed high-level principles for risk management. The consultation is open to all interested parties, including supervised institutions and other market participants.
02 April 2009
CEBS publishes a good practices paper on the functioning of Colleges of supervisors for cross-border banking groups
02 April 2009
Mrs. Kerstin af Jochnick speaks at the European Compliance Conference (TECC) 2009, in Vienna
The presentation of Mrs. Kerstin af Jochnick, Chair of the Committee of European Banking Supervisors (CEBS) on "European Banking Supervision"
01 April 2009
Mr. Arnoud Vossen speaks at the International Centre for Financial Regulation (ICFR) Inaugular Summit, in London
The presentation of Mr. Arnoud Vossen, Secretary General of the Committee of European Banking Supervisors (CEBS) on "Capital requirements and lending"
31 March 2009
Mrs. Kerstin af Jochnick speaks at the BBA conference, in London
The presentation of Mrs. Kerstin af Jochnick, Chair of the Committee of European Banking Supervisors (CEBS) at the BBA (British Bankers' Association) conference, in London
25 March 2009
Mr. Arnoud Vossen speaks at the OpRisk US event, in New York
The speech of Mr. Arnoud Vossen, Secretary General of the Committee of European Banking Supervisors (CEBS) on "The view from Europe on risk management and legislation"
24 March 2009
The outcome of CEBS’s follow-up review of banks' transparency in their 2008 last quarter and preliminary year-end results does not show significant improvements
18 March 2009
CEBS publishes the outcome of an assessment of measures taken with respect to the issues raised in its June 2008 Valuation report
CEBS has made a review of the progress made on the basis of the measures taken with respect to the issues raised in its June 2008
Report on issues relating to the valuation of complex and illiquid financial instruments and concludes that there are still more improvements to be made.
18 March 2009
CEBS is today publishing an interim report on liquidity buffers and "survival" periods
CEBS is today publishing an interim report on liquidity buffers and “survival” periods in response to a request from the Economic and Financial Committee and as part of the follow-up to
its 30 Recommendations on liquidity risk management.
10 March 2009
CEBS publishes its consultation paper on amendments to the guidelines on financial reporting
The Committee of European Banking Supervisors (CEBS) today starts 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.
09 March 2009
Mrs. Kerstin af Jochnick speaks at the ELEC event, in Amsterdam
Mrs. Kerstin af Jochnick, Chair of the Committee of European Banking Supervisors speaks at the ELEC (European League for Economic Cooperation) event, in Amsterdam.
06 March 2009
CEBS publishes its report mapping supervisory objectives and powers across EU Member States
CEBS is today publishing a report
(CEBS 2009 47) mapping in detail supervisory objectives and powers across EU banking authorities, with special focus on early intervention measures and the actual use of sanctioning powers.
06 March 2009
CEBS consults on its principles on remuneration
The Committee of European Banking Supervisors (CEBS) today published its principles on remuneration policy and invites interested parties to comment on the set of guidelines.
public hearing
17 February 2009
CEBS publishes its work programme 2009
The Committee of European Banking Supervisors publishes its work programme for 2009.
11 February 2009
CEBS Guidelines on passport notifications
The Committee of European Banking Supervisors (CEBS) today opens a public consultation on its guidelines on passport notifications (Guideline).
10 February 2009
The JCFC received a progress letter in respect to its CfA no. 3 from the European Commission
The Joint Committee on Financial Conglomerates (JCFC) received a letter from the European Commission (EC) requesting further work in relation to its April 2008 Call for Advice - stocktake of existing national implementation practices of the Financial Conglomerates Directive (FCD) in the context of its review.
05 February 2009
CEBS publishes its analysis of the supervisory implications of National Stabilisation plans
The Committee of European Banking Supervisors today publishes its analysis of the supervisory implications of the national plans for the stabilization of markets that have been announced by the European Members States until the end of December 2008.
02 February 2009
CEBS publishes a call for evidence for custodian banks
The Committee of European Banking Supervisors (CEBS) today publishes its call for evidence for custodian banks as part of its follow-up work in response to the
ECOFIN’s request from 3 June 2008 for a review of ‘the coverage of risks borne by custodians (…) so as to ensure a level playing field while avoiding inconsistencies in the treatment of custodians and double regulation’.
29 January 2009
Mrs. Kerstin af Jochnick presentation to the FSI High-Level meeting, in Cape Town
The presentation of Mrs. Kerstin af Jochnick, Chair of the Committee of European Banking Supervisors (CEBS), at the FSI High-Level Meeting, in Cape Town
27 January 2009
CEBS has published a revised Template for written agreements between supervisors for the functioning of colleges.
CEBS has published today a revised Template for written agreements between supervisors for the functioning of colleges. This revised Template supersedes the document that was published in December 2007. It provides a framework for cooperation among supervisors within a college of supervisors and facilitating the effective working of supervisory colleges of supervisors.
27 January 2009
CEBS and CEIOPS publish today ten principles for the functioning of supervisory colleges
The Committee of European Banking Supervisors (CEBS) and the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS), together with their Interim Working Committee on Financial Conglomerates (IWCFC), publish today ten principles for the functioning of supervisory colleges.
22 January 2009
Mrs. Kerstin af Jochnick speaks at the EBIC Plenary Meeting, in Brussels
The presentation of Mrs. Kerstin af Jochnick, Chair of the Committee of European Banking Supervisors (CEBS), at the European Banking Industry Committee Plenary Meeting, in Brussels