20141215 EBA-CP-2014-25.pdf
BSG Response to Consultation Paper (EBA-CP-2014-25) 15 December 2014
BSG Response to Consultation Paper (EBA-CP-2014-25) 15 December 2014
The European Banking Authority (EBA) launched today a public consultation on its draft Guidelines on methods for calculating contributions to Deposit Guarantee Schemes (DGSs). The Guidelines set principles and specify necessary elements for calculating risk-based contributions to DGSs, with a view to curbing moral hazard while building up the necessary financial resources for DGSs. The Guidelines foster convergence in contributions practices across the EU, promoting level playing field for banks within the Single Market. The consultation runs until 11 February 2015.
The European Banking Authority (EBA) launched today a public consultation on draft Regulatory Technical Standards (RTS) further specifying the criteria to set the minimum requirement for own funds and eligible liabilities (MREL) laid down in the Bank Recovery and Resolution Directive (BRRD). The aim of these standards is to achieve an appropriate degree of convergence in how these criteria are interpreted and applied across the EU to ensure a level playing field. Institutions with similar risk profiles, resolvability and other characteristics in any Member State should have similar levels of MREL. The consultation runs until 27 February 2015.
EBA CP 2014 41 (CP on draft RTS on MREL)
The European Banking Authority (EBA) lunched today two public consultations on (i) Guidelines on the treatment of shareholders when applying the bail-in tool or the write down or conversion of capital instruments and (ii) Guidelines on when and how different conversion rates from debt to equity should be set for different types of liability. These two sets of Guidelines are part of a series of EBA regulatory mandates under the Bank Recovery and Resolution Directive (BRRD), which aim to ensure that the bail-in power is an effective way of absorbing losses and recapitalising banks in resolution, and that resolution authorities and other stakeholders have a clear understanding of the terms on which it should be applied. Both consultations run until 6 February 2015.
Presentation
CP on GL on shareholders treatment in bail-in
CP on Guidelines on conversion rate
Draft CP on GL on DGS Contributions
The European Banking Authority (EBA) launched today a consultation on its draft Regulatory Technical Standards (RTS) on valuation in recovery and resolution. These draft RTS aim to provide a common structure to decisions made by resolution authorities and independent valuers and to promote a consistent application of methodologies for such valuations across the EU. The consultation runs until 6 February 2015.
CP on draft RTS on valuation - EBA-CP-2014-38
Draft CP on RTS on contractual recognition of bail-in
The European Banking Authority (EBA) launched today a consultation on its draft Regulatory Technical Standards (RTS) under Article 55(3) of the Bank Recovery and Resolution Directive (BRRD). These RTS support the effective application of the write-down and conversion powers in relation to liabilities governed by the law of a third country. The consultation is part of the EBA’s work to promote the effective application of recovery and resolution powers to banks and banking groups with a cross-border presence and to foster convergence of practices between relevant authorities and institutions across the EU. The consultation runs until 5 February 2015.
BSG response to Consultation Paper (EBA/CP/2014/18)- 09 October 2014
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The EBA launched today a consultation on draft Regulatory Technical Standards (RTS) and Guidelines specifying the various conditions for the provision of group financial support, and on draft Implementing Technical Standards (ITS) on the disclosure of group financial support agreements. These Technical Standards and Guidelines have been developed within the framework established by the Bank Recovery and Resolution Directive (BRRD) and aim at strengthening integrated risk management by removing possible uncertainties around supporting entities in distress within the same group. The consultation runs until 4 January 2015.
EBA-CP-2014-30 (CP on RTS and GL on Conditions for Group Fin Support and on ITS on Disclosure)
The European Banking Authority (EBA) launched today a consultation on draft Guidelines clarifying the interrelationship between the sequence in which liabilities should be written down or converted when the bail-in power introduced by the Bank Recovery and Resolution Directive (BRRD) is used, and the hierarchy of capital instruments in the Capital Requirements Regulation (CRR). This is the first of several EBA regulatory mandates under the BRRD which aim to ensure that bail-in power is an effective way of absorbing losses and recapitalising banks in resolution and that resolution authorities and other stakeholders have a clear understanding of the terms under which it should be applied. The consultation runs until 3 January 2015.