EBA publishes results of the Basel III monitoring exercise as of end 2012

The European Banking Authority (EBA) publishes today its fourth 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 global level, allowed to gather aggregate results on capital, Risk Weighted Assets (RWAs), liquidity and leverage ratios for banks in the European Union (EU).

CEBS publishes implementation questions on website

CEBS has developed a web-based system for the reception and publication of implementation questions in the area of reporting frameworks. Any interested party will be able to send questions on the implementations of the CEBS Guidelines on Reporting (COREP and FINREP) in a more direct and transparent way. The questions will be addressed and answered by the experts from supervisory national authorities participating in the networks on COREP and FINREP. The system will also disclose the questions and answers in the public CEBS website. The system already discloses a number of questions and answers that have been addressed since mid-2006. CEBS expects that this system will improve the consistency and common understandings of the national implementations of the CEBS Guidelines on Reporting, simplifying the reporting procedures and streamlining the administrative burden for cross-border groups. Finally, it shall be stressed that the answers only reflect CEBS’ views on problems arising from the implementation of the CEBS Guidelines on Reporting, but they cannot be considered as interpretations of the underlying regulations (Directive 2006/48/EC and Directive 2006/49/EC, and IAS/IFRS endorsed by the European Union).

EBA to hold a public hearing on forthcoming liquidity reports

The European Banking Authority (EBA) will hold a public hearing in London on 23 October 2013 on the draft reports to be submitted to the EU Commission relating to the economic impact assessment of quantitative liquidity regulation and the definition of liquid assets under Article 509 of the Capital Requirements Regulation.

EBA consults on draft XBRL Taxonomy for secondary reporting

The European Banking Authority (EBA) launched today a consultation on the draft XBRL Taxonomy for second level supervisory reporting. This consultation document, which is based on the EBA’s final draft Implementing Technical Standards (ITS) and the related Data Point Model(s) (DPM), aims at ensuring that the data that national competent authorities collect from credit institutions and investment firms is transmitted to the EBA in a uniform and consistent manner. This consultation runs until 9 October 2013.

EBA publishes second interim report on the consistency of risk-weighted assets in the banking book of EU banks

The European Banking Authority (EBA) released today its second interim report on the regulatory consistency of risk-weighted assets (RWAs) for credit risk in the banking book. This report illustrates the outcomes of the next stage in the EBA's review into RWA consistency in sovereigns, institutions and large corporate exposures, generally referred to as low default portfolios (LDP). The aim was to identify and further understand the sources of any material differences in RWA outcomes for portfolios which are specifically challenging for the banks due to limited availability of data. This analysis is closely aligned with the global work of the Basel Committee which recently released the results of their report.

EBA launches discussion on possible treatments of unrealised gains measured at fair value

The European Banking Authority (EBA) published today a discussion paper on possible treatments of unrealised gains of assets and liabilities measured at fair value, other than including them in Common Equity Tier 1 without adjustment. The input gathered from this discussion paper will assist the EBA in providing its technical advice to the European Commission on this topic. The consultation runs until 27 September 2013.

EBA consults on draft technical standards related to the specific risk of debt instruments in the trading book

The European Banking Authority (EBA) launched today a consultation on draft Regulatory Technical Standards (RTS) assessing the minimum materiality needed to implement internal approaches for calculating own fund requirements related to risks associated with debts instruments in the trading book. These RTS will be part of the Single rulebook aimed at enhancing regulatory harmonisation in the EU banking sector. The consultation runs until 15 October 2013.

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