13 December 2013
The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on own funds ‘Part three', which set out criteria to deduct indirect and synthetic holdings, to define broad market indices and to calculate minority interest. These final draft RTS will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in Europe and namely at strengthening the quality of capital.
In particular, three are the key objectives of the draft RTS:
These RTS stem from additional mandates granted to the EBA in the final version of Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 (colloquially known as Capital Requirements Regulation or CRR). They complement the final draft RTS on own funds (‘Part one' and ‘Part two'), which were submitted to the EU Commission and published on the EBA website on 26 July 2013.