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The European Banking Authority (EBA) has published today its Guidelines on Internal Governance (GL44)

The Committee of European Banking Supervisors (CEBS) has published today its draft consultation paper on Guidelines on AMA Changes (CP 45) aiming at assisting institutions using the Advanced Measurement Approach (AMA) to further develop their AMA models.

The European Banking Authority (EBA) launched today a consultation on Draft Implementing Technical Standards (ITS) on supervisory reporting requirements for liquidity coverage and stable funding. These ITS, which will be part of the EU single rulebook, intend to specify the main features (formats, frequencies, IT solutions) of prudential reporting to be applied by financial institutions in Europe. The consultation runs until 27 August 2012.

CEBS reviewed its Guidelines on the recognition of ECAIs to clarify that for Credit Rating Agencies (CRAs), which are registered under the Regulation on CRAs, the only criteria that should be assessed in the ECAIs’ initial recognition process and on-going review are the technical criteria on ‘Credibility and Market Acceptance’ and ‘Transparency and Disclosure’ with respect to their individual credit assessments.

The European Banking Authority (EBA) launches today a consultation on Draft Regulatory Technical Standards (RTS) for credit valuation adjustment risk on the determination of a proxy spread and the specification of a limited number of smaller portfolios. These RTS will be part of the Single rulebook aimed at enhancing regulatory harmonisation in Europe. The consultation runs until 15 September.

The European Banking Authority (EBA) published today its guidelines on the assessment of the suitability of members of the management body and key function holders. These Guidelines set out the process, criteria and minimum requirements for assessing the suitability of those persons and are ultimately aimed at ensuring robust governance arrangements and appropriate oversight.

These guidelines are designed to promote an efficient supervisory framework for groups that operate in several EU jurisdictions and, in particular, at enhancing cooperation between consolidating supervisor and host supervisors. They contain sections on general cooperation, distinguishing between subsidiaries and branches, and guidance related, among other things, to the approval process of model validation. These guidelines are the starting point of substantial developments in the supervision of cross –border groups and have let to the establishment of operational network mechanisms.