EBA puts forward preliminary proposals to improve the IRB regulatory framework

The European Banking Authority (EBA) launched today a discussion paper on the regulatory measures needed to ensure a robust and clear framework for Internal Ratings Based (IRB) models. The discussion paper seeks stakeholders’ feedback on both how to implement the necessary measures in a consistent way and how to bring forward future changes to the current approach. In addition, an overview of the regulatory measures that are under way is provided. The consultation runs until 5 May 2015.

EBA reviews guidelines on remuneration policies

<p>The European Banking Authority (EBA) launched today a three-month public consultation on its Guidelines on sound remuneration policies. These draft Guidelines set out the governance process for implementing sound remuneration policies across the EU, as well as the specific criteria for mapping all remuneration components into either fixed or variable pay. Guidance is also provided on the application of deferral arrangements and the pay-out instruments ensuring that variable remuneration is aligned with an institution’s long-term risks and that any ex-post risk adjustments can be applied as appropriate.</p>

EBA publishes results of the Basel III monitoring exercise as of 30 June 2014

The European Banking Authority (EBA) published today its seventh report of the Basel III monitoring exercise on the European banking system. This exercise, run in parallel with the one conducted by the Basel Committee on Banking Supervision (BCBS) at a global level, allows the gathering of aggregate results on capital and liquidity ratios- including liquidity coverage ratio (LCR) and net stable funding ratio (NSFR)- and leverage ratio (LR) for banks in the European Union (EU).

EBA updates on future EU-wide stress tests

In its meeting on 24 February 2015, the Board of Supervisors of the European Banking Authority (EBA) decided not to carry out an EU-wide stress test in 2015 and to start preparing for the next exercise in 2016. Instead of a stress test, in 2015, the EBA will be running a transparency exercise in line with the one conducted in 2013, which will provide detailed data on EU banks’ balance sheets and portfolios. This decision has been communicated to the European Parliament, the Council and the Commission.

EBA recommends convergence of lending-based crowdfunding regulation across the EU

In an opinion issued on 26 February 2015, the European Banking Authority (EBA) recommended that EU legislators clarify the applicability of existing EU law to lending-based crowdfunding, so as to ensure that all participants can have confidence in this new market segment. The EBA opinion, which is addressed to the European Commission, the European Parliament and the EU Council, looked into lending-based crowdfunding across the EU, identified a series of risks and evaluated how they can be addressed in the EU legislative framework.

EBA publishes new DPM and XBRL taxonomy for remittance of supervisory reporting as of 30 June 2015

The European Banking Authority (EBA) published today a new XBRL taxonomy to be used by competent authorities for remittance of data under the EBA Implementing Technical Standards (ITS) on supervisory reporting. The new taxonomy will have as reference date 30 June 2015 onwards and will be used for the first reports on additional liquidity monitoring metrics and supervisory benchmarking. The new taxonomy presents the data items, business concepts, relations, visualisations and validation rules described by the EBA Data Point Model (DPM) which are contained in the ITS on supervisory reporting and in the EBA Guidelines on definitions and templates on funding plans.

EBA consults on prudential requirements for central securities depositories (CSDs)

The European Banking Authority (EBA) launched today a public consultation on draft Regulatory Technical Standards (RTS) on prudential requirements for central securities depositories (CSDs). These RTS have been developed within the framework established by the Regulation on settlement and Central Securities Depositories (CSD-R), which aims to increase the safety and efficiency of securities settlement and settlement infrastructures. The consultation runs until 27 April 2015.

EBA recommends convergence of lending-based crowdfunding regulation across the EU

In an opinion issued today, the European Banking Authority (EBA) recommended that EU legislators clarify the applicability of existing EU law to lending-based crowdfunding, so as to ensure that all participants can have confidence in this new market segment. The EBA opinion, which is addressed to the European Commission, the European Parliament and the EU Council, looked into lending-based crowdfunding across the EU, identified a series of risks and evaluated how they can be addressed in the EU legislative framework.

EBA consults on procedures and contents of notifications under the recovery and resolution regime

The European Banking Authority (EBA) launched today a public consultation on draft Regulatory Technical Standards (RTS) on notifications and notice of suspension. These RTS have been developed within the framework established by the Bank Recovery and Resolution Directive (BRRD) and aim at harmonising the process and content of notifications and notice of suspension arising from a determination that a firm is failing or likely to fail and the subsequent resolution actions. The consultation runs until 20 March 2015.

EBA consults on procedures, forms and templates for resolution planning

The European Banking Authority (EBA) launched today a public consultation on draft Implementing Technical Standards (ITS) on procedures, forms and templates for resolution planning. These ITS have been developed within the framework established by the Bank Recovery and Resolution Directive (BRRD) which sets procedures for the recovery and resolution of credit institutions, investment firms and related entities across the EU. This consultation runs until 14 April 2015.

EBA advises on the definition of eligible capital

The European Banking Authority (EBA) published today its Opinion on the review of the appropriateness of the definition of ‘eligible capital’, in response to a call for advice received from the European Commission in December 2013. On the basis of information gathered during the first year of application of the Capital Requirements Regulation (CRR), the EBA provides its preliminary views which are relevant for the large exposures framework, as well as for investment firms and qualifying holdings.

EBA adds BRRD to its online Interactive Single Rulebook and Q&A tools

The inclusion of the Bank Recovery and Resolution Directive (BRRD) into the EBA’s Interactive Single Rulebook tool will allow on-line users to review all the EBA’s Technical Standards, Guidelines and Q&As related to the BRRD by browsing the Directive article by article. What is more, with the inclusion of the BRRD in the EBA Q&A tool, users will now also be able to submit questions they may have in relation to the application of the BRRD.

EBA publishes final draft technical standards on prudent valuation

The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) laying out the requirements related to prudent valuation adjustments of fair valued positions. The objective of these draft RTS is to determine prudent values that can achieve an appropriate degree of certainty while taking into account the dynamic nature of trading book positions. These standards will be part of the EU Single Rulebook in banking aimed at enhancing regulatory harmonisation.

EBA publishes revised version of its final draft technical standards on prudent valuation

The European Banking Authority (EBA) has decided to make a specific and limited amendment to its final draft Regulatory Technical Standards (RTS) on Prudent Valuation published on 31 March 2014. As a consequence of this decision, all occurrences of ‘volatility’ in Article 9 and Article 10 of the final draft RTS published on 31 March 2014 should be replaced by ‘variance’ for the purposes of computing market price uncertainty and close-out costs additional valuation adjustments (AVAs).

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