The European Banking Authority (EBA) launches today a consultation on Draft Implementing Technical Standards (ITS) on joint decisions on institution-specific prudential requirements with a view to facilitating the reaching of effective joint decisions between the consolidating supervisor and the competent authorities responsible for the supervision of subsidiaries in a Member State. The consultation runs until 16 August 2013.
In particular, the objective of the draft ITS is to set up common procedures and templates that will facilitate the interaction and cooperation between the consolidating supervisor and the relevant competent authorities when providing their contribution to the group risk assessment and joint decision documents.
The proposed ITS partly build on CEBS’ Guidelines for the joint assessment and joint decisions regarding the capital adequacy of cross-border groups. However, they reflect the additional requirements stemming from the final compromise text of the proposed Capital Requirement Directive (CRD), namely those covering the reaching of liquidity joint decisions under Pillar II.
Comments to this consultation paper can be sent to the EBA by e-mail to EBA-CPfirstname.lastname@example.org by 16 August 2013, indicating the reference EBA/CP/2013/10.
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 9 July 2013 from 14:00 to 17:00 UK time. To register for the public hearing, click here.