2007

The Committee of European Banking Supervisors (CEBS) and the Committee of European Securities Regulators (CESR) have been asked to provide joint advice to assist the Commission on commodity and exotic derivatives and related business.

The Committee of European Banking Supervisors (CEBS) has been asked to provide technical advice (No.9) to assist the Commission services and the EBC in updating the general guidance according to the requirements of Directive 2006/48/EC on the arrangements for consolidated supervision in third countries: Switzerland and the USA.

The Commission’s call for advice asks the Interim Working Committee on Financial Conglomerates (IWCFC) – the joint working committee of CEIOPS and CEBS - to provide technical advice according to the requirements of Directive 2002/87/EC.

The Commission has asked the Interim Working Committee on Financial Conglomerates (IWCFC) - the joint working committee of the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) and the Committee of European Banking Supervisors (CEBS) - to provide technical advice with regard to the sectoral rules on eligible capital and the analysis of the consequences for supervision of financial conglomerates.

The Committee of European Banking Supervisors (CEBS) has received the (No.10) call for technical advice on options and discretions in the Capital Requirements Directive (CRD). CEBS has been invited to provide advice on the extent which further harmonisation might be achieved in terms of reducing the number of discretions and options of the CRD.

The Committee of European Banking Supervisors (CEBS) today received a letter from the European Commission calling on concrete supervisory convergence in the area of hybrid capital instruments.

The Committee of European Banking Supervisors (CEBS) has received the (No.8) call for technical advice from the Commission on liquidity risk management. CEBS is invited to provide a survey of the regulatory frameworks adopted by the members states and an analysis of selected topics related to liquidity risk management.

The Committee of European Banking Supervisors (CEBS) has received a second call for advice from the Commission on a number of issues with regard to the review of the large exposures.