Call for Advice

CEBS today received a call for technical advice on article 122a of the amended CRD

Date: 05/05/2009

The Committee of European Banking Supervisors (CEBS) today received a call for technical advice on Article 122a of the amended Capital Requirements Directive.

CEBS is requested to advice  the Commission on the adequacy of the minimum retention requirement 5% to avoid misaligned incentives and to mitigate systemic risks from securitisation markets. The call for advice also questions whether the circumstances under which the retention requirement is met are conductive and whether further provisions and safeguards should be added to the wording of Article 122a.