CEBS has received a call for advice from the European Commission on prudential treatment of commodities business. In order to respond and consult with a sufficiently broad spectrum of firms of all sizes, CEBS has published a questionnaire on current industry practices and thinking in relation to the measurement and management of commodity risk.
The Committee of European Banking Supervisors (CEBS) is publishing the final technical guidelines on application of the supervisory review process in relation to concentration risk under Pillar 2.
The EBA published today a draft Data Point Model (DPM) based on its draft Implementing Technical Standards (ITS) on supervisory reporting requirements for institutions (Consultation papers CP 50 published on 20 December 2011 and CP 51 published on 13 February 2012). Interest parties are invited to provide comments on the DPM by 11 June 2012.
The Committee of European Banking Supervisors (CEBS) today publishes its high level principles for risk management. These principles should be considered both by institutions (as part of the ICAAP) and supervisors (as part of the SREP) within the supervisory review framework under Pillar 2.
The Committee of European Banking Supervisors (CEBS) together with the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) are publishing today recommendations to address the consequences of the differences in sectoral rules on the calculation of own funds of financial conglomerates. These recommendations have been produced by the Interim Working Committee on Financial Conglomerates (IWCFC) at the request of the European Financial Conglomerates Committee. The recommendations are the third and last part of the advice on the cross-sectoral comparison of the sectoral rules for the eligibility of capital instruments in the regulatory capital. The recommendations in this advice focus on the four main differences that were gathered during the analysis: the treatment of hybrids, revaluation reserves/latent gains, deduction of holdings and the differences in consolidation approaches and methods foreseen by the Financial Conglomerates Directive.
The Committee of European Banking Supervisors (CEBS) has today published its revised guidelines on the recognition of External Credit Assessment Institutions.
The EBA published today a consultation paper on draft Implementing Technical Standards (ITS) on supervisory reporting requirements for institutions (CP50).
CEBS has today submitted its comments on the IASB's Exposure Draft ED/2010/3 Defined Benefit Plans – Proposed Amendments to IAS 19 The list of all comment letters CEBS submitted to the IASB can be accessed here.
EBA consultation papers on guidelines to the Incremental Default and Migration Risk Charge (IRC) and on guidelines to Stressed VaR
CEBS is today publishing a report (CEBS 2009 47) mapping in detail supervisory objectives and powers across EU banking authorities, with special focus on early intervention measures and the actual use of sanctioning powers.
The Committee of European Banking Supervisors publishes its work programme for 2009.
CEBS publishes today its revised guidelines on financial reporting (FINREPrev2). The revision of the guidelines is part of CEBS’s effort to streamline reporting requirements for supervised institutions, consistent with the recommendations of the Financial Services Committee Report on Financial Supervision (the Franck Report) and the White Paper of the Commission on Financial Services Policy -2005-2010.
The Committee of European Banking Supervisors (CEBS) today published guidelines establishing a standardised financial reporting framework (FINREP) for credit institutions operating in the EU. This framework will enable credit institutions to use the same standardised data formats and data definitions for prudential reporting in all countries where the framework will be applied.
CEBS has published guidelines on the Application of the Supervisory Review Process under Pillar 2. The supervisory review process is a central component of the new Capital Requirements Directive (CRD).
The Committee of European Banking Supervisors (CEBS) is today publishing additional technical guidance to complement the CEBS guidelines on the Supervisory Review Process issued in January 2006 in the area of stress testing.
The Committee of European Banking Supervisors (CEBS) today publishes its revised Guidelines on the management of concentration risk under the supervisory review process and Position paper on the recognition of diversification benefits under Pillar 2.
The European Banking Authority launches today a consultation paper on draft Regulatory Technical Standards (RTS) to define the conditions and methodologies used to determine the overall exposure to a client or group of connected clients resulting from a transaction with underlying assets and the risks inherent in the structure of the transaction itself. The consultation runs until 16 August 2013.
The European Parliament has commissioned two studies reviewing the European System of Financial Supervision (ESFS). These studies will inform the deliberations of the European Parliament, in particular its Committee on Economic and Monetary Affairs’ (ECON).
The EBA agreed today on recommendations to supervisors to conduct asset quality reviews on major EU banks. While banks’ capital positions were significantly strengthened under the EBA’s recapitalisation exercise, the objective of the asset quality exercises will be to review banks’ classifications and valuations of their assets so to help dispel concerns over the deterioration of asset quality due to macroeconomic conditions in Europe.
The European Banking Authority (EBA) publishes today its third report of the Basel III monitoring exercise on the European banking system.