Following the publication of the consultation paper on Principles for Benchmarks-Setting Processes in the EU, the European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA) are organising a public hearing at ESMA’s premises in Paris on Wednesday, 13 February 2013.
The European Banking Authority (EBA) launches today a consultation on draft technical standards (RTS) aimed at specifying the conditions for assessing the materiality of extensions and changes to internal approaches when calculating own funds requirements for credit, market and operational risk. These RTS will be part of the Single rulebook aimed at enhancing regulatory harmonisation in Europe. The consultation runs until 11 June 2013.
The EBA published today a draft Data Point Model (DPM) based on its draft Implementing Technical Standards (ITS) on Supervisory Reporting Requirements for Leverage Ratio (Consultation paper EBA/CP/2012/06 published on 7 June 2012). Interested parties are invited to provide comments on the DPM by 13 May 2013.
The EBA published today a draft Data Point Model (DPM) based on its draft Implementing Technical Standards (ITS) on Supervisory Reporting Requirements for Liquidity Coverage and Stable Funding (Consultation paper EBA/CP/2012/05 published on 7 June 2012). Interested parties are invited to provide comments on the DPM by 13 May 2013.
The European Banking Authority (EBA) launches today a consultation on draft implementing technical standards (ITS) on reporting for asset encumbrance. The ITS, which will be part of the EU single rulebook, intend to develop reporting templates and instructions for asset encumbrance with the ultimate aim of ensuring a harmonised measure of asset encumbrance across institutions. The consultation runs until 24 June 2013.
The European Banking Authority (EBA) launches today a consultation on Draft Implementing Technical Standards (ITS) on institution-specific prudential requirements with a view to facilitating the reaching of effective joint decisions between the consolidating supervisor and the competent authorities responsible for the supervision of subsidiaries in a Member State. The consultation runs until 16 August 2013.
The European Banking Authority (EBA) launches today two consultations on Draft Regulatory Technical Standard (RTS) related to the assessment process of recovery plans by competent supervisors (I) and to the range of scenarios to be used in those plans (II). The consultations run until 20 August 2013.
The European Banking Authority (EBA) launches today a consultation on Draft Regulatory Technical Standards (RTS) on own funds (Part III) related to criteria to define broad market indices, the calculation of minority interest and the deduction of indirect and synthetic holdings. The consultation runs until 18 July 2013.
The EBA has submitted comments on the IASB's ED/2011/04. In addition, the EBA also provided comments on EFRAG's draft comment letter dealing with this ED.
The EBA publishes today an overview of the objectives and work of the EBA’s Standing Committee on Financial Innovation (SCFI) in 2011-2012 in the area of consumer protection and financial innovation.
The European Banking Authority (EBA) today publishes the responses to the questionnaire on the identification of users/investors needs on credit institutions Pillar 3 disclosures published on 4 April 2012.
The European Banking Authority published today its 2011 Annual Report.
The annual report on Risks and Vulnerabilities of the European banking sector by the European Banking Authority (EBA) describes the main developments and trends that affected the EU banking sector in 2011.
EBA has today jointly published with EIOPA and ESMA the list of identified Financial Conglomerates, as at 1st July 2012.
The Joint Committee of the three European Supervisory Authorities (EBA, ESMA and EIOPA) today published a Protocol for Supervisory Cooperation in the field of anti-money laundering (AML). The protocol is aimed at facilitating the cross-border exchange of information between national (home and host) supervisors overseeing agents and branches of payment institutions.
The EBA organises on 13 September in London a workshop on the technical implementation of the new supervisory reporting requirements. UPDATE: workshop documents, including new ITS templates, have been uploaded.
The Board of Appeal of the European Supervisory Authorities (ESAs) has appointed William Blair, High Court Judge, Queen’s Bench Division, as its President and Juan Fernández-Armesto, Arbitrator, formerly Chairman of the Spanish Securities and Exchange Commission, as its Vice-President.
The European Banking Authority discloses today the final report on its EU-wide recapitalisation exercise and the data on all individual banks. Overall, the exercise led to an increase of banks’ capital positions of more than €200bn. 27 banks with an initial shortfall that submitted capital plans have strengthened their capital position by €116bn. Considering the still challenging market environment, the EBA’s Board of Supervisors underlined the need for banks to maintain their capital levels in view of the implementation of the new regulatory framework. In this respect, the EBA will adopt a new Recommendation on capital conservation once the final CRD IV/CRR text is agreed.
The European Banking Authority (EBA) published today a follow-up review aimed at assessing the disclosures European banks’ made in response to the Pillar 3 requirements set out in the Capital Requirements Directive (CRD). Overall, the EBA welcomes efforts made by banks to improve their disclosure practices and to comply with the new requirements introduced with CRD3. Nevertheless, the report notes that there is still room for improvements in Banks’ Pillar 3 disclosures, and the EBA intends to continue to press for such improvements.
EBA, EIOPA and ESMA’s responded to the European Commission’s Call for Advice on the Fundamental Review of the Financial Conglomerates Directive.