The European Banking Authority (EBA) launches today a public consultation on draft Regulatory Technical Standards (RTS) related to how competent authorities collaborate and exchange information regarding institutions operating through branches and regarding the freedom of provision of services in one or more EU Member States other than that in which head offices are situated. The consultation runs until 8 October 2013.
The draft Regulatory Technical Standards (RTS) specify the information that competent authorities shall exchange with each other according to Article 50 of the Capital Requirements Directive (CRD), which covers the following areas: management and ownership; liquidity and supervisory findings; solvency; deposit guarantee schemes; limitation of large exposures; internal control mechanisms. Furthermore, the draft RTS introduce some additional areas where competent authorities shall exchange information, such as leverage, general non-compliance, supervisory measures and sanctions, and preparation for emergency situations.
The proposed draft Technical Standards focus on exchange of supervisory information between supervisory authorities, with the aim of ensuring a structured and consistent process in the provision of and access to key supervisory information across Member States. The draft Standards are therefore not directly addressed to supervised institutions nor they introduce any direct reporting requirements.
The draft RTS are expected to be submitted to the European Commission by 1 January 2014.
Comments can be submitted by clicking on the "send your comments" button on the consultation page. Please note that the deadline for the submission of comments is 8 October 2013.
All contributions received will be published following the close of the consultation, unless requested otherwise.
A public hearing on these Standards will take place at the EBA premises on 4 September 2013 from 10:00 to 13:00 hours UK time.
The European Banking Authority (EBA) launches today a second consultation on Draft Regulatory Technical Standards (RTS) for credit valuation adjustment risk (CVA) to further specify how a proxy spread should be determined for the calculation of own funds requirements and to provide additional details on a limited number of smaller portfolios. These RTS will be part of the Single rulebook aimed at enhancing regulatory harmonisation in Europe. The consultation runs until 25 September 2013.
The proposed draft RTS do not deal directly with the Value at Risk (VaR) spread methodology but specify the criteria this methodology has to satisfy to allow for a proxy spread to be used in the calculation of the advanced CVA adjustment. In particular, they specify how the rating, industry and region criteria should be incorporated in a proxy spread.
The requirements contained in these draft RTS are mainly addressed directly to institutions and only in some cases to competent authorities.
Comments can be sent to the EBA by clicking on the "send your comments" button on the consultation page. Please note that the deadline for the submission of comments is 25 September 2013
All contributions received will be published following the close of the consultation, unless requested otherwise.
A public hearing will take place at the EBA premises on 17 July 2013 from 14:00 to 16:00 hours UK time.
The proposed draft RTS have been developed on the basis of Regulation 575/2013 published in the Official Journal of the European Union on 28 June 2013. The EBA is expected to submit these draft RTS to the European Commission for endorsement by 1 January 2014. Before submission to the Commission, the EBA will review the draft RTS to include the feedback arising from the consultation process.
Start Date: 12/06/2009 | Deadline: 11/09/2009
The Committee of European Banking Supervisors (CEBS) today publishes a consultation paper (CP26) on draft implementation guidelines for three aspects of the revised large exposures regime. The consultation is open to all interested parties, including supervised institutions and other market participants.
Start Date: 07/07/2009 | Deadline: 31/10/2009
Start Date: 15/05/2008
Start Date: 10/03/2010 | Deadline: 01/06/2010
The Committee of European Banking Supervisors (CEBS) today publishes its consultation paper on draft guidelines on liquidity cost benefit allocation. The consultation is open to all interested parties, including supervised institutions and other market participants.
Start Date: 11/03/2010 | Deadline: 09/04/2010
The European Banking Authority (EBA) launches today a consultation on draft Implementing Technical Standards (ITS) related to supervisory reporting of additional monitoring metrics for liquidity The consultations run until 14 August 2013.
The proposed ITS aim at developing additional metrics other than those used to report liquidity coverage and stable funding requirements with a view to providing supervisors with an adequate toolkit to assess liquidity risk and to facilitate their work in performing reviews of Internal Liquidity Adequacy Assessment Processes (ILAAP).
The following five metrics are proposed in the draft ITS:
To avoid double reporting, the definitions for additional reporting items have been aligned, to the greatest extent possible, with those of the draft ITS on liquidity risk reporting.
As for the scope and level of application, the additional metrics will be reported on a consolidated and/or individual basis, as appropriate. In particular, the default reporting frequency of the additional metrics will be one month but it can be reduced to a quarterly frequency if certain conditions are met.
The EBA is expected to submit these ITS to the European Commission by 1 January 2014.
Background
The final comprise on the Capital Requirements Regulation and Capital Requirements Directive (CRR/CRD) provides a mandate for the EBA to develop draft RTS or ITS related to liquidity and liquidity reporting requirements.
These standards will be part of the Single Rulebook aiming at enhancing regulatory harmonisation in Europe.
Consultation process
Comments to the consultation paper on additional liquidity monitoring metrics can be sent to the EBA by e-mail by e-mail to EBA-CP-2013-18@eba.europa.eu by 14 August 2013, indicating the reference EBA/CP/2013/18.
All contributions received will be published unless you request otherwise.
A public hearing on the consultation on additional liquidity monitoring metrics will take place at the EBA premises on 10 July 2013 from 10:00 to 13:00 UK time. To register for this public hearing, click here.
Start Date: 11/03/2005
The Committee of European Banking Supervisors was established as of 1 January 2004 by a decision of the EU Commission (2004/5/EC). Its tasks include advising the Commission on banking regulation, promoting the consistent application of EU directives and the convergence of supervisory practices throughout the Community, and enhancing supervisory cooperation.
The European Banking Authority (EBA) launches today a consultation on draft Guidelines on capital measures for foreign currency lending (FX lending) aimed at providing guidance to national competent authorities on how to deal with the specific risk of FX lending to unhedged borrowers as part of the Supervisory Review and Evaluation Process (SREP). The consultation runs until 23 August 2013.
Although these Guidelines address FX lending to unhedged borrowers, their focus is on prudential requirements and not on consumer protection elements of FX lending. However, they indirectly contribute to consumer protection by potentially making FX lending more costly in terms of capital and, therefore, reducing the likelihood of unaffordable borrowing in the system.
The first part of the Guidelines defines the subject matter and the scope and sets out the process to be followed. In particular, a materiality threshold is introduced and in case it is exceeded, competent authorities should review the risk as part of the SREP. Competent authorities can still apply these guidelines where the risk is under the threshold but is deemed to be material.
The second part of the document provides guidance on the supervisory review of FX lending governance arrangements and of capital adequacy as well as on how to calculate capital add-on as a result of the SREP.
Background
The EBA has developed these draft guidelines on the basis of the European Systemic Risk Board (ESRB) Report on FX lending, published in 2011, and taking into account the final compromise on the Capital Requirements Regulation and Capital Requirements Directive (CRR/CRD).
These Guidelines complement existing guidelines related to the supervisory review process, internal governance, concentration risk, stress testing and home –host supervisory cooperation.
Consultation process
Comments to the consultation paper on capital measures for FX lending can be sent to the EBA by e-mail by e-mail to EBA-CP-2013-20@eba.europa.eu by 23 August 2013, indicating the reference EBA/CP/2013/20.
All contributions received will be published unless you request otherwise.
A public hearing will take place at the EBA premises on 26 July 2013 from 10:00 to 13:00 UK time. To register for the public hearing, click here