News & Press
The EBA updates the information disclosed by EU Competent Authorities according to the supervisory disclosure exercises for Q4 2024
The European Banking Authority (EBA) updated today the aggregated overview on the implementation and transposition of the revised Capital Requirements Directive (CRD V) and Investment Firms Directive (IFD) packages. This update aims to enhance transparency and comparability of supervisory practices across Member States, without adding any reporting burden on reporting institutions. The information, published in an aggregated format, provides an updated overview of how Competent Authorities across the EU have implemented key aspects of the prudential framework for both credit institutions and investment firms.
Competent authorities have made progress in their approaches to the supervision of CVA risk
The European Banking Authority (EBA) today published a follow-up Peer Review Report on the exclusion from the credit valuation adjustment (CVA) risk of transactions with non-financial counterparties established in a third country. This follow-up Review found that competent authorities continue to largely assess CVA risk sufficiently, using different approaches which are fit for purpose in satisfying the regulatory requirements and the Supervisory Review and Evaluation Process (SREP) Guidelines. Furthermore, since the 2023 Report, all competent authorities have made some progress in strengthening their CVA risk assessments and addressing the follow-up measures suggested as part of that Report.