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    EBA Provides Updates on Its Work on Basel III Impact Assessment in EU

    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). 

     

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

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