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The Committee of European Banking Supervisors (CEBS) today publishes its revised Guidelines on Supervisory Disclosure.

The Committee of European Banking Supervisors (CEBS) has today published its guidelines on revised Article 3 of Directive 2006/48/EC (hereinafter “Article 3”).

The European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA) have today published the results of their joint work on Euribor and propose principles for benchmark rate-setting processes.

On 19 March 2012, the European Commission’s Services issued a Green paper on Shadow Banking for public consultation. In accordance with Article 34(1) of Regulation No 1093/2010 of the European Parliament and of the Council of 24 November 2010 establishing the European Banking Authority (EBA), the Board of Supervisors of the EBA has adopted this opinion with regard to the Green paper.

The European Banking Authority (EBA) has adopted an Opinion on the recommendations of the High-level Expert Group on reforming the structure of the EU banking sector.

The Committee of European Banking Supervisors (CEBS) together with the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) and the Committee of European Securities Regulators (CESR) are publishing today the revised Impact Assessment Guidelines and a Feedback Statement as a practical tool to help ensure the effective use of Impact Assessment (IA) within the three Lamfalussy Level 3 Committees. They are consistent with the European Commission's approach to Better Regulation and, specifically, with the EC's own IA Guidelines, though adapted to reflect the more specialised nature of financial services policy and the specific circumstances in which it is developed within the EU.The scope of the Committees' IA work will take account of IA work to be conducted by the Commission or others. This is so as to avoid unnecessary duplication of effort and to ensure that the exercise adds value.

The Committee of European Banking Supervisors (CEBS) publishes its guidelines for supervisory authorities on increased transparency and public disclosure. The CEBS guidelines are required by the Capital Requirements Directive, the now passed EU Legislation for a new capital adequacy framework for credit institutions and investment firms.

The proposed Principles include a general framework for benchmarks settings, including calculation methodology, governance, supervision, transparency of the methodology and contingency plans. The Principles are designed as a first step towards a potential formal regulatory and supervisory framework for benchmarks to be developed in the EU and also take into account other international efforts in this field.

The Committee of European Banking Supervisors (CEBS), the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) and the Committee of European Securities Regulators (CESR) today publish their guidelines for the prudential assessment of acquisitions and increases in holdings in the financial sector as required by Directive 2007/44/EC.

The EBA, ESMA, and EIOPA sent a joint Letter to Michel Barnier, European Commissioner for Internal Market and Services, on the possible regulatory framework for benchmark activities.