Repealed
These Guidelines will set the criteria for determining the conditions of application of the Capital Requirements Regulation (CRR) provisions related to the identification of retail deposits subject to different outflows than those specified in the CRR. The Guidelines will also specify the definitions of those deposits and the appropriate outflows for the purposes of liquidity reporting.
On 10 February 2016, the European Commission adopted Regulation (EU) 2016/322 (Implementing technical standard – ITS – on reporting on Liquidity Coverage Ratio – LCR), which has become applicable as of September 2016 and adapted to the Commission LCR Delegated Regulation. As a result, the EBA decided to formally repeal its Guidelines setting out the criteria for identifying retail deposits subject to different outflows for the purpose of liquidity reporting, issued in December 2013, as they have been superseded by the LCR Delegated Regulation and are no longer applicable for liquidity reporting purposes.
The European Banking Authority (EBA) launched today a consultation on draft Guidelines on retail deposits subject to different outflows aimed at providing greater harmonisation in the reporting of retail deposits in the EU banking sector. The consultation runs until 1 October 2013.
The proposed Guidelines, which are addressed to institutions and competent Authorities, set out the criteria for identifying retail deposits subject to different outflows during the next 30 days for the purpose of liquidity reporting under the Capital Requirements Regulation (CRR).
With the view of taking into account the behaviour of local depositors, in particular under stress conditions, these Guidelines propose to allocate retail deposits subject to different outflows to three different categories, depending on their underlying risk.
The data collected on retail deposits subject to different outflows will be able to inform the European Commission's calibration of the liquidity coverage requirement.
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 1 October 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 4 September 2013 from 15:00 to 18:00 hours UK time.
The proposed draft Guidelines have been developed on the basis of Regulation 575/2013 of 26 June 2013.
The European Banking Authority (EBA) published today its final Guidelines on retail deposits subject to different outflows. The document aims at providing greater harmonisation in the reporting of retail deposits in the EU banking sector.
The EBA Guidelines are addressed to institutions and competent Authorities and set out the criteria for identifying retail deposits subject to different outflows during the following 30 days for the purpose of liquidity reporting under the Capital Requirements Regulation (CRR).
With the view of taking into account the behaviour of local depositors, in particular under stress conditions, these Guidelines allocate retail deposits subject to different outflows to three different categories, depending on their underlying risk. However, the Guidelines do not prescribe outflow rates for the three categories; they stipulate instead that institutions should report the amounts of retail deposits allocated to each of the three categories together with their own estimates of expected outflows under stress conditions.
The guidelines have been developed on the basis of Article 421(3)of Regulation 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms (CRR).
As part of the supervisory review process, competent authorities in the EU will review the assessment process completed by institutions to implement these Guidelines and report deposits subject to different outflows.
National competent authorities should implement these guidelines by incorporating them in their supervisory procedures within three months of publication. Thereafter, national competent authorities should ensure that institutions comply with them effectively.
According to Article 16(3) of the EBA Regulation, competent authorities must notify the EBA, as stated in the guidelines, as to whether they comply or intend to comply with these guidelines, or otherwise provide reasons for non-compliance by 6 February 2014.
The European Banking Authority (EBA) launched today a consultation on draft Guidelines on retail deposits subject to different outflows aimed at providing greater harmonisation in the reporting of retail deposits in the EU banking sector. The consultation runs until 1 October 2013.
The proposed Guidelines, which are addressed to institutions and competent Authorities, set out the criteria for identifying retail deposits subject to different outflows during the next 30 days for the purpose of liquidity reporting under the Capital Requirements Regulation (CRR).
With the view of taking into account the behaviour of local depositors, in particular under stress conditions, these Guidelines propose to allocate retail deposits subject to different outflows to three different categories, depending on their underlying risk.
The data collected on retail deposits subject to different outflows will be able to inform the European Commission’s calibration of the liquidity coverage requirement.
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 1 October 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 4 September 2013 from 15:00 to 18:00 hours UK time.
The proposed draft Guidelines have been developed on the basis of Regulation 575/2013 of 26 June 2013.
The European Banking Authority (EBA) publishes today a discussion paper on the retail deposits subject to higher outflows for the purposes of liquidity reporting under the Capital Requirements Regulation (CRR). This paper outlines the EBA’s preliminary thinking on a methodology for identifying retail deposits subject to higher outflows and for calculating the associated outflow rates. The consultation runs until 21 March 2013.
The proposal presented in this discussion paper is to take into account the likelihood of retail deposits leading to outflows of liquidity during the next 30 days. These outflows shall be assessed under the assumption of a combined idiosyncratic and market-wide stress scenario.
The final objective is to ensure a consistent and comparable measure of outflow rates across institutions for deposits subject to higher outflows.
The draft CRR requires the EBA, having taken into account the behaviour of local depositors as advised by national competent authorities, to publish either guidelines or implementing technical standards (1) on the criteria for determining the conditions of application of the CRR provisions in relation to the identification of retail deposits subject to higher outflows than specified in the CRR. Finally, the EBA is to specify the definitions of those deposits and the appropriate outflows for the purposes of liquidity reporting.
Consultation process
The EBA invites comments on all matters in this paper.
Please send your comments to the EBA by email to EBA-DP-2013-02@eba.europa.eu by 21 March 2013, indicating the reference EBA/2013/DP/02.
All contributions received will be published following the close of the consultation, unless requested otherwise.
Note
(1) The mandate assigned to the EBA in relation to retail deposits subject to higher outflows for the purposes of liquidity reporting is different in the CRR depending on whether the draft text is the European Commission’s proposal, the Council’s compromise (Presidency compromise) or the European Parliament’s text.