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

    HKMA Urges Early Action for Adherence to IBOR Fallbacks Protocol

    HKMA urged authorized institutions to take early action to adhere to the IBOR Fallbacks Protocol, which ISDA is expected to publish soon.

    October 16, 2020 WebPage Regulatory News
    News

    FSB Sets Out Roadmap for Transition to Alternative Reference Rates

    FSB published a global transition roadmap for London Inter-bank Offered Rate (LIBOR).

    October 16, 2020 WebPage Regulatory News
    News

    HM Treasury Publishes Response to Proposal on BRRD2 Transposition

    HM Treasury published a document that summarizes the responses received from a consultation on the approach of UK to transposition of the revised Bank Resolution and Recovery Directive (BRRD2).

    October 15, 2020 WebPage Regulatory News
    News

    HM Treasury Publishes Response to Proposal on CRD5 Transposition

    HM Treasury published the government response to the feedback received on the consultation for updating the prudential regime of UK before the end of the Brexit transition period.

    October 15, 2020 WebPage Regulatory News
    News

    PRA Updates Supervisory Statement on Counterparty Credit Risk

    PRA published the final policy statement PS22/20, which contains the updated supervisory statement SS12/13 on counterparty credit risk.

    October 14, 2020 WebPage Regulatory News
    News

    FSB Publishes Update on Work to Address Market Fragmentation

    FSB published an update on its work to address market fragmentation. FSB is working in this area in collaboration with the other standard-setting bodies.

    October 14, 2020 WebPage Regulatory News
    News

    EBA Proposes to Revise Guidelines on Incident Reporting Under PSD2

    EBA proposed revisions to the guidelines on major incident reporting under the second Payment Service Directive (PSD2).

    October 14, 2020 WebPage Regulatory News
    News

    EBA Finalizes Standards for Prudential Treatment of Software Assets

    EBA published the final draft regulatory technical standards specifying the methodology for prudential treatment of software assets by banks.

    October 14, 2020 WebPage Regulatory News
    News

    FSB Publishes Roadmap on Cross-Border Payments, Report on Stablecoins

    FSB published a report presenting the roadmap to enhance cross-border payments by providing a high-level plan that sets ambitious but achievable goals and milestones in the five focus areas.

    October 13, 2020 WebPage Regulatory News
    News

    EIOPA Urges Insurers to Prepare for End of Brexit Transition

    In a recent communication, EIOPA urged the insurance sector to complete its preparations for the end of the Brexit transition period on December 31, 2020.

    October 13, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5959