CEBS published in April 2010 for consultation draft Guidelines for the joint assessment of the elements covered by the supervisory review and evaluation process and the joint decision regarding the capital adequacy of cross border groups (CP39).
These Guidelines should be read in conjunction with the general framework developed by CEBS for the operational functioning of colleges, which was set out in draft Guidelines released for consultation on 17 December 2009
The draft Guidelines provide tools to facilitate a common understanding within colleges of the results of assessments of material risks and control factors, the ICAAP processes and methodologies, as well as compliance with various minimum requirements of the CRD performed by national supervisors with reference to CEBS's existing guidance on the Supervisory Review Process (SRP)
CEBS expects its members to implement these Guidelines in conjunction with the implementation of the revised CRD which will come into force on 31 December 2010.
The consultation, which will run until 9 July 2010, is open to all interested parties, including supervised institutions and other market participants. Comments received will be published on CEBS's website unless respondents request otherwise. Please send your comments to the following email address: firstname.lastname@example.org
.A public hearing will be held on 3 June 2010 at CEBS's premises in London from 11:00 to 15:00
to allow all interested parties to share their views with CEBS.
Registrations should be received by Wednesday, 26 May 2010