2005

  • CEBS harmonises reporting framework for European financial groups

    The Committee of European Banking Supervisors (CEBS) today published guidelines establishing a standardised financial reporting framework (FINREP) for credit institutions operating in the EU. This framework will enable credit institutions to use the same standardised data formats and data definitions for prudential reporting in all countries where the framework will be applied.

    16/12/2005 - News - Press releases

  • CEBS today received a call for technical advice on large exposures rules (CfA No. 5)

    The Commission has asked CEBS to conduct a stock take of current supervisory practices in relation to the existing large exposures rules and to carry out an industry consultation on current practices and to provide an analysis of the types of credit risk mitigation products that impact on the calculation of what consitutes a large exposure.

    01/12/2005 - News

  • Banking, insurance and securities supervisors enhance EU-wide co-operation

    The Committee of European Banking Supervisors (CEBS), the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) and the Committee of European Securities Regulators (CESR), (‘the Committees’) signed on 24 November 2005, in Brussels, a joint protocol to foster co-operation and coordination in the areas of regulation, policy, information exchange and other tasks with a common interest. The three Committees are already closely cooperating on a very regular basis.

    24/11/2005 - News - Press releases

  • CEBS publishes supplemantary note for cunsultation on the recognition of external credit assessment institutions

    CEBS is publishing a supplementary note to its Consultation Paper on the recognition of external credit assessment institutions - ECAIs - published in June 2005.

    01/11/2005 - News - Press releases

  • CEBS publishes guidelines on supervisory disclosure

    The Committee of European Banking Supervisors (CEBS) publishes its guidelines for supervisory authorities on increased transparency and public disclosure. The CEBS guidelines are required by the Capital Requirements Directive, the now passed EU Legislation for a new capital adequacy framework for credit institutions and investment firms.

    01/11/2005 - Press releases

  • Lamfalussy chairs address the Ecofin Council meeting on progress and opportunities for better regulation

    The Chairs of the three Level 3 Lamfalussy Committees, The Committee of European Banking Supervisors (CEBS), the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) and the Committee of European Securities Regulators (CESR) were invited to address the ECOFIN Council meeting on 11 October 2005, on progress and opportunities for better financial regulation.

    11/10/2005 - News - Press releases

  • CEBS comments fair value option

    27/09/2005 - News - Press releases

  • Invitation to a public hearing on the guidelines for greater supervisory co-operation

    CEBS will hold a public hearing on its proposals on the guidelines for greater supervisory cooperation between consolidating supervisors and host supervisors CP09 on Wednesday 5 October, starting at 1.30 pm.

    09/09/2005 - News - Press releases

  • CEBS starts consultation on guidelines for cross-border supervision

    CEBS starts consultation on guidelines for cross-border supervision The Committee of European Banking Supervisors (CEBS) today issues for public consultation its guidelines for greater supervisory cooperation for EU banking and investment firm groups under the Capital Requirements Directive (CRD). Through enhanced co-operation between supervisors, these guidelines aim to avoid any excessive supervisory burden on groups that operate across several EU jurisdictions. The guidelines are primarily aimed at supervisory authorities but they will equally be of interest to groups operating on a cross-border basis in the EU. The consultation period will last four months.

    08/07/2005 - News - Press releases

  • CEBS starts consultation on the validation and assessment of credit and operational risk approaches

    The Committee of European Banking Supervisors (CEBS) starts a formal consultation on the validation and assessment of the risk management and risk measurement systems used by credit institutions and investment firms for the calculation of their capital requirements. The consultation starts today and runs until 30 October 2005.

    07/07/2005 - News - Press releases

  • CEBS consults on its role and tasks

    The Committee of European Banking Supervisors (CEBS) is today publishing a consultation paper on its role and tasks, taking stock of the experience gained over the first year of its existence. The paper explains CEBS’ overall approach to meeting its main aims and objectives, as well as the tools at its disposal to fulfil these, and looks ahead at how CEBS intends to address near-term challenges. The consultation period will be four months.

    05/07/2005 - News - Press releases

  • CEBS's advice on e-Money

    CEBS has provided the Commission with technical advice on the application of the E-Money Directive.

    01/07/2005 - News - Press releases

  • European banking supervisors reveal plans for digital reporting

    Yesterday the auditorium of the Chartered Accountants Hall in London filled with over 200 representatives of the European Banking Industry and the European regulatory bodies.

    30/06/2005 - News - Press releases

  • CEBS opens consultation on recognition of external credit assessment institutions

    The Committee of European Banking Supervisors (CEBS) is today presenting for public consultation its guidelines for a common approach to the recognition of External Credit Assessment Institutions (ECAIs) under the proposed Capital Requirements Directive (CRD). The consultation period is three months.

    29/06/2005 - News - Press releases

  • Invitation to a public hearing on the Supervisory Review Process.

    CEBS is holding a public hearing on its proposals on the Supervisory Review Process on Wednesday 27 July 2005, starting at 2 pm. The hearing will be held at the CEBS' offices in London. The hearing is open to all market participants, end-users and other interested parties.

    21/06/2005 - News - Press releases

  • CEBS starts a second round of consultation on the Supervisory Review Process.

    The Committee of European Banking Supervisors (CEBS) today opens a public consultation based on a revised and expanded version of its first consultation paper on the application of the Supervisory Review Process*. The current consultation period will run for four months, until 21 October 2005

    20/06/2005 - Press releases

  • A delegation of members of the European Parliament visits CEBS

    The Committee of European Banking Supervisors (CEBS) was honoured to welcome today a delegation of Members of the European Parliament from the Committee on Economic and Monetary Affairs (ECON) to discuss the work of CEBS at its headquarters in London.

    13/06/2005 - Press releases

  • US Secretary of the Treasury John Snow visits CEBS

    The Committee of European Banking Supervisors (CEBS) was honoured to welcome today US Secretary of the Treasury John Snow to discuss the work of CEBS at its headquarters in London.

    09/06/2005 - Press releases

  • European banking supervisors support the adoption of digital reporting

    The European banking industry is being confronted with increasing requirements regarding reporting processes, both in their relationships with clients to whom they extend credit and with supervisory authorities to whom they are accountable. New technical and regulatory developments are changing the way these reporting requirements are met. Introduction of digital reporting, based on open standards, allows for more frequent and more detailed reporting at lower costs and results in increased insight and transparency.

    07/06/2005 - Press releases

  • Memorandum of understanding on co-operation in financial crisis situations

    The banking supervisory authorities, the central banks and the Finance Ministries of the European Union (EU) have agreed on a Memorandum of Understanding on co-operation in financial crisis situations (hereinafter referred to as the "MoU"). The full list of the authorities which have endorsed this MoU is included in the Annex to this press release. The MoU shall enter into effect on 1 July 2005. The MoU agreement will not be a public document.

    14/05/2005 - News - Press releases

  • CEBS develops a standardised financial reporting framework

    The Committee of European Banking Supervisors (CEBS) is pleased to announce today’s publication of the second of its public consultations on prudential reporting requirements for credit institutions. This consultation focuses on the development of a standardised consolidated financial reporting framework for credit institutions. The first consultation (published January 2005) focussed on defining a common reporting framework for the solvency ratio under the future EU Capital Requirements Directive (CRD).

    07/04/2005 - News - Press releases

  • CEBS publishes questionnaire on cross-border mergers

    The European Commission is conducting a review of existing rules in all financial services Directives to determine their impact on cross-border consolidation in the EU banking sector. As part of that review, the Commission has asked the Committee of European Banking Supervisors (CEBS) to evaluate the supervisory process for approving acquisitions of qualifying holdings in credit institutions.

    04/04/2005 - Press releases

  • CEBS starts a formal consultation on supervisory disclosure

    By the end of next year, any interested party will be able to access relevant information on the implementation and application of harmonised prudential banking rules for all EU Member States in a single location, a common format and a common language.

    23/03/2005 - Press releases

  • CEBS starts a formal consultation on common reporting

    At its meeting in London on 18 January 2005, the Committee of European Banking Supervisors (CEBS) agreed to start a formal consultation with the banking industry, market participants and end-users to achieve a common framework for reporting of the solvency ratio by credit institutions. The consultation starts today and the consultation period will be three months.

    26/01/2005 - Press releases

  • CEBS plans extensive work on convergence of supervisory practices

    The Committee of European Banking Supervisors (CEBS) has defined its work programme for 2005, with the assistance of its Consultative Panel. CEBS plans to issue a number of public consultations during the coming year. Most of them will be related to the implementation of the proposed Capital Requirements Directive (CRD) which is expected to be adopted by the European Parliament later this year.

    19/01/2005 - Press releases