2004

From the beginning of 2005 European listed companies, at the minimum, will have to publish consolidated financial statements based on the new International Financial Reporting Standards (IFRS) rules. In response to a request from the Banking Advisory Committee, CEBS has proposed its first set of technical advice to the European Commission on the use of prudential filters in the context of the new IFRS rules and the Recasting Directive 2000/12/EC (Capital Requirements Directive), applicable 1st January 2007 onwards.

CEBS will soon start a consultation process to achieve a common solvency ratio reporting framework for credit institutions and investment firms under the future EU capital requirements regime.

The Committee of European Banking Supervisors (CEBS) has opened its office in the City of London. The offices were opened officially by The Right Honourable, Gordon Brown MP, the Chancellor of Exchequer.

Priority should be given to the consistent implementation of forthcoming Capital Requirements Directive and to convergence of supervisory practices in its enforcement. That was the conclusion at the first meeting of CEBS Consultative Panel held in London on 7 October.

The Committee of European Banking Supervisors (CEBS), the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) and the Committee of European Securities Regulators (CESR) welcome the political agreement reached by the Council on 11 May on the Directive proposal on a new structure for EU committees on financial services.

Today the Committee of European Banking Supervisors (CEBS) released a consultation paper on the application of the Supervisory Review Process under Pillar 2 of the new capital adequacy framework (Basel II). 

At the second meeting of the Committee of European Banking Supervisors (CEBS) on 31 March, members agreed on a set of high level principles (HLPs) on outsourcing.

Today the Committee of European Banking Supervisors (CEBS) released its first consultation paper, ( CP01 ) dealing with the scope and the modalities of CEBS' consultation practices.