Featured Product

    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). 

     

    Related Links

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

    Featured Experts
    Related Articles
    News

    EBA Publishes Final Regulatory Standards on STS Securitizations

    The European Banking Authority (EBA) published the final draft regulatory technical standards specifying and, where relevant, calibrating the minimum performance-related triggers for simple.

    September 20, 2022 WebPage Regulatory News
    News

    ECB Further Reviews Costs and Benefits Associated with IReF

    The European Central Bank (ECB) is undertaking the integrated reporting framework (IReF) project to integrate statistical requirements for banks into a standardized reporting framework that would be applicable across the euro area and adopted by authorities in other EU member states.

    September 15, 2022 WebPage Regulatory News
    News

    EBA Publishes Funding Plans Report, Receives EMAS Certification

    The European Banking Authority (EBA) has been awarded the top European Standard for its environmental performance under the European Eco-Management and Audit Scheme (EMAS).

    September 15, 2022 WebPage Regulatory News
    News

    MAS Launches SaaS Solution to Simplify Listed Entity ESG Disclosures

    The Monetary Authority of Singapore (MAS) set out the Financial Services Industry Transformation Map 2025 and, in collaboration with the SGX Group, launched ESGenome.

    September 15, 2022 WebPage Regulatory News
    News

    BCBS to Finalize Crypto Rules by End-2022; US to Propose Basel 3 Rules

    The Basel Committee on Banking Supervision met, shortly after a gathering of the Group of Central Bank Governors and Heads of Supervision (GHOS), the oversight body of BCBS.

    September 15, 2022 WebPage Regulatory News
    News

    IOSCO Welcomes Work on Sustainability-Related Corporate Reporting

    The International Organization of Securities Commissions (IOSCO) welcomed the work of the international audit and assurance standard setters—the International Auditing and Assurance Standards Board (IAASB)

    September 15, 2022 WebPage Regulatory News
    News

    BoE Allows One-Day Delay in Statistical Data Submissions by Banks

    The Bank of England (BoE) published a Statistical Notice (2022/18), which informs that due to the Bank Holiday granted for Her Majesty Queen Elizabeth II’s State Funeral on Monday September 19, 2022.

    September 14, 2022 WebPage Regulatory News
    News

    ACPR Amends Reporting Module Timelines Under EBA Framework 3.2

    The French Prudential Control and Resolution Authority (ACPR) announced that the European Banking Authority (EBA) has updated its filing rules and the implementation dates for certain modules of the EBA reporting framework 3.2.

    September 14, 2022 WebPage Regulatory News
    News

    ECB Paper Discusses Disclosure of Climate Risks by Credit Agencies

    The European Central Bank (ECB) published a paper that examines how credit rating agencies accepted by the Eurosystem, as part of the Eurosystem Credit Assessment Framework (ECAF)

    September 13, 2022 WebPage Regulatory News
    News

    APRA to Modernize Prudential Architecture, Reduces Liquidity Facility

    The Australian Prudential Regulation Authority (APRA) announced reduction in the aggregate Committed Liquidity Facility (CLF) for authorized deposit-taking entities to ~USD 33 billion on September 01, 2022.

    September 12, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8514