Consultation on Guidelines on the management of operational risk in market-related activities
- Consultation
- 31 - 30 MARCH 2010
- CP35
The Committee of European Banking Supervisors (CEBS) today publishes its consultation paper (CP35) on its draft guidelines on the management of operational risk in market-related activities. The consultation is open to all interested parties, including supervised institutions and other market participants.
Following the publication of CEBS's high level principles on Internal Governance (CEBS Guidelines on the Application of the Supervisory Review and Evaluation Process- Section 2), its high level principles on risk management and its high level principles on remuneration policies, CEBS now introduces more specific principles and implementation measures for the identification, assessment, control and monitoring of operational risk in market-related activities.
CEBS draft principles are divided into three different parts, addressing the management of operational risk in market-related activities from three different angles:
• Governance mechanisms - principles 1-5;
• Internal controls - principles 6-15; and
• Internal reporting systems - principles 16-17.
CEBS expects its members to have implemented the guidelines by December 2010. An implementation review will be undertaken by the CEBS secretariat in the first quarter of 2011.
CEBS submits its initial views for a public consultation which starts today and runs until 31 March 2010. Comments received will be published on CEBS’s website unless respondents request otherwise. Please send your comments to the following email address: cp35@c-ebs.org.
A public hearing will be held on 9 March 2010 at CEBS’s premises in London to allow all interested parties, including supervised institutions and other market participants, to put forward their views on the consultation paper. More details regarding this hearing will be provided in due course.
Documents
Febelfin
(1.53 MB - PDF) Last update 26 February 2014
Erste Bank and Bank Austria
(71.41 KB - PDF) Last update 26 February 2014
CP35
(141.15 KB - PDF) Last update 26 February 2014
BNP Paribas
(677.72 KB - PDF) Last update 26 February 2014
Barclays
(35.72 KB - PDF) Last update 26 February 2014
UniCredit Group
(108.82 KB - PDF) Last update 26 February 2014
ING Financial Markets
(15.05 KB - PDF) Last update 26 February 2014
Zentraler Kreditausschuss
(33.19 KB - PDF) Last update 26 February 2014
Deutsche Bank
(794.87 KB - PDF) Last update 26 February 2014
French Banking Federation (FBF)
(314.99 KB - PDF) Last update 26 February 2014
European Banking Federation (EBF)
(69.34 KB - PDF) Last update 26 February 2014
British Bankers Association (BBA)
(52.88 KB - PDF) Last update 26 February 2014
Netherlands Bankers' Association
(95.18 KB - PDF) Last update 26 February 2014