JC 2013 056 (Explanatory Note re 2013 FICO List).pdf
Joint Committe publication - Cover note on annual notification of the list of Financial Conglomerates (JC 2013 056)
Joint Committe publication - Cover note on annual notification of the list of Financial Conglomerates (JC 2013 056)
Joint Committee Technical Standards - Final draft Regulatory Technical Standards (RTS) on the consistent application of the calculation methods (JC-RTS-2013 01)
The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA) has published its draft Regulatory Technical Standards (RTS) on the consistent application of the calculation methods described in the Financial Conglomerates Directive (FICOD) covering the assessment of the financial situation of credit institutions, insurance undertakings and investment firms which are part of a financial conglomerate.
EBA, EIOPA and ESMA’s responded to the European Commission’s Call for Advice on the Fundamental Review of the Financial Conglomerates Directive.
The Interim Working Committee on Financial Conglomerates (IWCFC) received the third call for technical advice from the European Commission. The Commission services is requesting the IWCFC to conduct a stocktake to assess of practices implemented in the Member States. The IWCFC has already delivered advice with respect to cross sectoral work on the eligibility of own funds, and the equivalence of financial conglomerates supervision in Switzerland and in the US. These contributions providing useful input to the review of the Financial Conglomerates Directive.
The Committee of European Banking Supervisors (CEBS) and the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) are publishing today a report on the possible impact of the differences in the definition of capital instruments provided for by the European banking, insurance and securities regulation, for the supervision of a conglomerate. This assessment has been produced by the Interim Working Committee on Financial Conglomerates (IWCFC) in response to the Commission’s call for advice on sectoral rules on eligible capital and analysis of the consequences for supervision of financial conglomerates. The report follows the first report on the cross-sectoral comparison of the sectoral rules for the eligibility of capital instruments in the regulatory capital published in January 2007.
The Committee of European Banking Supervisors (CEBS) together with the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) are publishing today recommendations to address the consequences of the differences in sectoral rules on the calculation of own funds of financial conglomerates. These recommendations have been produced by the Interim Working Committee on Financial Conglomerates (IWCFC) at the request of the European Financial Conglomerates Committee. The recommendations are the third and last part of the advice on the cross-sectoral comparison of the sectoral rules for the eligibility of capital instruments in the regulatory capital. The recommendations in this advice focus on the four main differences that were gathered during the analysis: the treatment of hybrids, revaluation reserves/latent gains, deduction of holdings and the differences in consolidation approaches and methods foreseen by the Financial Conglomerates Directive.
The Joint Committee on Financial Conglomerates (JCFC) received a letter from the European Commission (EC) requesting further work in relation to its April 2008 Call for Advice (IWCFC - CfA No. 3) - stocktake of existing national implementation practices of the Financial Conglomerates Directive (FCD) in the context of its review.
Joint Committee on Financial Conglomerates letter - Notification procedure for financial conglomerates (JCFC DOC 2009 01)
The Committee of European Banking Supervisors (CEBS) and the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) - through the Joint Committee on Financial Conglomerates (JCFC) - today publish their advice to the European Commission on the review of the Financial Conglomerates Directive (FCD).
The Committee of European Banking Supervisors (CEBS) together with the Committee of European Insurance and Occupational Pensions (CEIOPS) are publishing today the joint response of CEBS and the Interim Working Committee on Financial Conglomerates (IWCFC ), to the two parallel requests from June 2007, for technical advice from the European Commission (EC) on its recommendations on whether the supervisory arrangements of the US and Swiss supervisory authorities would achieve the objectives of consolidated and supplementary supervision.
The Commission has asked the Interim Working Committee on Financial Conglomerates (IWCFC) - the joint working committee of the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) and the Committee of European Banking Supervisors (CEBS) - to provide technical advice with regard to the sectoral rules on eligible capital and the analysis of the consequences for supervision of financial conglomerates.
The Committee of European Banking Supervisors (CEBS) and the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) are publishing today a comparison of the capital instruments that are eligible for prudential purposes in the application of the European banking, insurance and securities regulation. This cross-sectoral comparison has been produced by the Interim Working Committee on Financial Conglomerates (IWCFC) at the request of the European Financial Conglomerates Committee. This report was sent to the Commission on 3 January 2007.The recommendations in this advice focus on the four main differences that were gathered during the analysis: the treatment of hybrids, revaluation reserves/latent gains, deduction of holdings and the differences in consolidation approaches and methods foreseen by the Financial Conglomerates Directive.
The Committee of European Banking Supervisors (CEBS) and the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) are publishing today a comparison of the capital instruments that are eligible for prudential purposes in the application of the European banking, insurance and securities regulation.
The Joint Committee of the European Supervisory Authorities (EBA, EIOPA and ESMA) is launching today a three-month public consultation on the proposed response to the call for technical advice from the European Commission on the fundamental review of the Financial Conglomerates Directive (“the FICOD“).
The Joint Committee of the European Supervisory Authorities (EBA, EIOPA and ESMA) launches today a public consultation on Draft Regulatory Technical Standards (RTS) for the calculation methods under Article 6.2 of the Financial Conglomerates Directive (FICOD). These RTS will be part of the Single rulebook aimed at enhancing regulatory harmonisation in the European Union. The consultation runs until 5 October 2012.
Joint Committee response - Response to the European Commission’s Call for Advice on the
Fundamental Review of the Financial Conglomerates Directive (JC/2012/88)
BSG response to Joint Committee Consultation Paper (JC/CP/2012/02)-24 October 2012