2006

The Committee of European Banking Supervisors (CEBS), together with CESR and CEIOPS sent a joint technical letter to the European Commission (29 September 2006) regarding the proposal to amend the procedural rules and evaluation criteria for the prudential assessment of acquisitions and increase of shareholdings in the financial sector.

CEBS has published a report on industry practices with regard to the management and measurement of large exposures. The report also provides feedback on industry's views on the current regulatory environment.

CEBS has received a call for advice from the European Commission on prudential treatment of commodities business.

The European Commission has revised its specifiaction issued in August, on the quantitative analysis requested in the call for advice with regard to the definition of own funds issued in June 2005, and has indicated a new timetable for its submission.

CEBS has published a survey of the national implementation of the current rules on own funds and in parallel an analysis of recent market trends in new capital instruments.

CEBS has carried out a survey of member states competent authorities' implementation of the large exposures rules.

CEBS has received a call for advice from the European Commission on the review of the large exposures rules in the EU which requests CEBS to undertake a survey of market practices in this respect.