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The European Banking Authority (EBA) launched today a consultation on its draft Regulatory Technical Standards (RTS) on assessment methodology for internal ratings-based (IRB) approach. These draft RTS are a key component of the EBA’s work to ensure consistency in models outputs and comparability of risk-weighted exposures and will contribute to harmonise the supervisory assessment methodology across all EU Member States.. The consultation runs until 12 March 2015.

The European Banking Authority (EBA) lunched today two public consultations on (i) Guidelines on the treatment of shareholders when applying the bail-in tool or the write down or conversion of capital instruments and (ii) Guidelines on when and how different conversion rates from debt to equity should be set for different types of liability. These two sets of Guidelines are part of a series of EBA regulatory mandates under the Bank Recovery and Resolution Directive (BRRD), which aim to ensure that the bail-in power is an effective way of absorbing losses and recapitalising banks in resolution, and that resolution authorities and other stakeholders have a clear understanding of the terms on which it should be applied. Both consultations run until 6 February 2015.

The European Banking Authority (EBA) published today a consultation paper on draft Guidelines on product oversight and governance arrangements for retail banking products. The guidelines, which apply to both manufacturers and distributors of retail banking products, aim at ensuring that the interests, objectives and characteristics of consumers are taken into account when such products are designed and brought to market. The consultation will run until 10 February 2015.

The European Banking Authority (EBA) launched today a consultation on its draft Regulatory Technical Standards (RTS) on valuation in recovery and resolution. These draft RTS aim to provide a common structure to decisions made by resolution authorities and independent valuers and to promote a consistent application of methodologies for such valuations across the EU. The consultation runs until 6 February 2015.

ESAs published today a Joint Letter to the Economic and Financial Affairs Council (ECOFIN) on the ESAs’ budget 2015.