EBA consults on draft technical standards on the hypothetical capital of a central counterparty

The European Banking Authority (EBA) launches today a consultation on draft Implementing Technical Standards (ITS) on the reporting of the hypothetical capital of a central counterparty (CCP). These ITS will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in Europe. The consultation runs until 30 September 2013.

This set of draft ITS relates to prudential requirements for banks' exposures to central counterparties. In particular, they specify a reporting frequency on a quarterly basis and the template for the information that a CCP has to deliver to all credit institutions and investment firms that are clearing members, as well as to the supervisory authorities competent for those clearing members. Furthermore, the draft ITS specify the conditions under which the supervisory authorities may request an increase in the reporting frequency.

Consultation process

Comments to this consultation can be sent to the EBA by clicking on the "send your comments" button on the consultation page. Please note that the deadline for the submission of comments is 30 September 2013.

All contributions received will be published following the close of the consultation, unless requested otherwise.

A public hearing will take place at the EBA premises on 5 September 2013 from 15:00 to 17:00 hours UK time.

Legal basis

The proposed draft ITS have been developed on the basis of Regulation (EU) 648/2012 (EMIR) as amended by Article 520(1) of Regulation (EU) 575/2013 (Capital Requirements Regulation – CRR) The EBA is expected to submit these draft ITS to the European Commission for endorsement by 1 January 2014.