May 16, 2019

EBA is working to finalize the impact assessment on implementation of Basel III standards, in response to the EC call for advice, which was received on May 04, 2018. A report containing the findings of the assessment in the areas of credit risk, operational risk, output floor, and securities financing transactions will be published by the end of July 2019. The findings in the areas of market risk and credit valuation adjustment (CVA) will be published at a later stage, owing to the later completion of these parts of the Basel III framework.

The assessment is based on a comprehensive data collection and supplemented with evidence provided by the banking industry in the form of a qualitative questionnaire. Before the publication of its advice to EC, EBA will present the quantitative findings and its main policy recommendations at a public hearing, which will be held at the EBA premises in Paris on July 02, 2019. The deadline for registration is June 11, 2019.

Revisions in the scope of the call for advice include revised standards in the areas of credit risk, operational risk, CVA risk, leverage ratio, and output floor—as agreed by BCBS on December 07, 2017—as well as the Fundamental Review of the Trading Book (FRTB). EBA has published the QIS templates and instructions, qualitative questionnaires, and other related material. To respond to the call for advice, EBA launched, on August 13, 2018, a data collection exercise that runs in parallel with the June 2018 EBA-BCBS Basel III monitoring exercise. To this end, EBA also launched, on November 09, 2018, two qualitative questionnaires that were addressed to the institutions participating in the quantitative impact study (QIS) and to selected External Credit Assessment Institutions (ECAIs). 

 

Related Links

Keywords: Europe, EU, Banking, Basel III, QIS, Impact Assessment, Basel III Finalization, Proportionality, Call for Advice, EC, EBA

Related Articles
News

US Agencies Adopt Rule to Exclude Community Banks from Volcker Rule

US Agencies (CFTC, FDIC, FED, OCC, and SEC) adopted a final rule to exclude community banks from the Volcker Rule, in line with amendments to certain sections of the Economic Growth, Regulatory Relief, and Consumer Protection (EGRRCP) Act.

July 22, 2019 WebPage Regulatory News
News

US Agencies Adopt Amendments to Simplify Regulatory Capital Rules

US Agencies (FDIC, FED, and OCC) adopted a final rule that reduces regulatory burden by simplifying several requirements in the regulatory capital rules for banks.

July 22, 2019 WebPage Regulatory News
News

IA of Hong Kong Delegates Inspection and Investigation Powers to HKMA

HKMA and IA of Hong Kong jointly issued a statement announcing the delegation of the inspection and investigation powers of IA to HKMA, pursuant to the statutory regulatory regime for insurance intermediaries under the Insurance Ordinance.

July 19, 2019 WebPage Regulatory News
News

FSB Extends Implementation Timeline for Policy Recommendations on SFTs

FSB announced adjustments to the implementation timelines for its recommendations on securities financing transactions (SFTs), specifically those related to the minimum haircut standards for non-centrally cleared SFTs.

July 19, 2019 WebPage Regulatory News
News

EBA Single Rulebook Q&A: Third Update for July 2019

EBA published answers to six questions under the Single Rulebook question and answer (Q&A) tool this week.

July 19, 2019 WebPage Regulatory News
News

EBA Report Assesses Regulatory Framework for Fintech Activities

EBA published the findings of its analysis on the regulatory framework applicable to fintech firms when accessing the market.

July 18, 2019 WebPage Regulatory News
News

OSFI Revises Capital Requirements for Operational Risk for Banks

OSFI is revising its capital requirements for operational risk, in line with the final Basel III revisions published by BCBS in December 2017.

July 18, 2019 WebPage Regulatory News
News

OSFI Consults on Revised Principles for Management of Liquidity Risk

OSFI proposed revisions to Guideline B-6 on the principles for the management of liquidity risk.

July 18, 2019 WebPage Regulatory News
News

ESMA Guidance on Disclosures for Credit Rating Sustainability Issues

ESMA published the technical advice on sustainability considerations in the credit rating market, along with the final guidelines on disclosure requirements applicable to credit ratings.

July 18, 2019 WebPage Regulatory News
News

FASB Issues Q&A on Estimation of Expected Credit Losses by Firms

FASB issued a second question-and-answer (Q&A) document that addresses more than a dozen frequently asked questions related to the Accounting Standards Update No. 2016-13 titled “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.”

July 17, 2019 WebPage Regulatory News
RESULTS 1 - 10 OF 3482