Standards & Guidelines

CEBS amended the Public Statement of Consultation Practices, which was submitted for a three-month public consultation on 19 March 2007. This amendment foresees the procedures to be followed in case of a limited or drafting amendment to CEBS products.

CEBS today publishes an amendment to the Guidelines on Common Reporting (COREP) on the standardisation of remittance dates and reporting frequencies for COREP reporting in the European Union. This amendment is CEBS’ response to the industry and ECOFIN requests for more harmonization in the supervisory reporting in the European Union. This amendment will be implemented in 2012.  

The Committee of European Banking Supervisors (CEBS) together with the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) and the Committee of European Securities Regulators (CESR) are publishing today as a practical tool to help ensure the effective use of Impact Assessment (IA) within the three Lamfalussy Level 3 Committees (CESR, CEBS and CEIOPS). They are consistent with the European Commission's approach to Better Regulation and, specifically, with the EC's own IA Guidelines, though adapted to reflect the more specialised nature of financial services policy and the specific circumstances in which it is developed within the EU.
The scope of the Committees' IA work will take account of IA work to be conducted by the Commission or others. This is so as to avoid unnecessary duplication of effort and to ensure that the exercise adds value. The scope of the Committees' IA work will take account of IA work to be conducted by the Commission or others. This is so as to avoid unnecessary duplication of effort and to ensure that the exercise adds value.

The Committee of European Banking Supervisors (CEBS) is publishing today the Protocol and Methodology for a peer review mechanism. A group dedicated to conducting peer reviews – the Review Panel - is being set up and CEBS is now implementing ‘peer review’ as a powerful tool for convergence.

CEBS has published today a study to assess the level of convergence achieved by the introduction of the CEBS Guidelines on Reporting, approved in December 2005 and January 2006 with the objective of building a harmonised prudential financial reporting framework based on IAS/IFRS and a common reporting system of the new solvency ratio within the European Union . The aim of this study is to provide a first overview of the progress made in this area; in addition, it has helped to identify areas where further convergence of supervisory practices should be possible.
As a further contribution to enhance the dialogue with the banking community in this respect, the report will be presented and discussed at a public hearing organised by CEBS on 26 October 2007 about future developments on supervisory reporting. For more information regarding the public hearing, As a further contribution to enhance the dialogue with the banking community in this respect, the report will be presented and discussed at a public hearing organised by CEBS on 26 October 2007 about future developments on supervisory reporting. For more information regarding the public hearing, click here.

CEBS is publishing today the findings of an analysis it has carried out with regard to prudential filters.

In December 2004 CEBS issued its guidelines on the use of In December 2004 CEBS issued its guidelines on the use of prudential filters for regulatory capital. The objective of these prudential filters is to maintain the definition and quality of regulatory capital for institutions using IFRS for prudential reporting. The analytical report issued today aims to assess CEBS' members compliance with these guidelines and to present their impact in quantitative terms on regulatory own funds. It also provides a basis for discussion on the possible scope for further convergence of these filters. for regulatory capital. The objective of these prudential filters is to maintain the definition and quality of regulatory capital for institutions using IFRS for prudential reporting. The analytical report issued today aims to assess CEBS' members compliance with these guidelines and to present their impact in quantitative terms on regulatory own funds. It also provides a basis for discussion on the possible scope for further convergence of these filters.

CEBS will present and discuss the report and its conclusions at a public hearing scheduled for 16 October. For more information regarding the hearing, CEBS will present and discuss the report and its conclusions at a public hearing scheduled for 16 October. For more information regarding the hearing, click here.

The Committee of European Banking Supervisors (CEBS) is publishing today a Protocol for a mediation mechanism, after having submitted it for public consultation on 19 March 2007.

The objective is to facilitate and speed up the supervisory procedures set out in the Capital Requirements Directive and to support the application of the pre-existing cooperation tools among supervisors such as the CEBS Guidelines on validation and on home/host cooperation. CEBS reiterates its commitment to using all tools at its disposal, including mediation, to achieve further convergence and reduce the supervisory burden of cross-border banking groups. The objective is to facilitate and speed up the supervisory procedures set out in the Capital Requirements Directive and to support the application of the pre-existing cooperation tools among supervisors such as the CEBS Guidelines on validation and on home/host cooperation. CEBS reiterates its commitment to using all tools at its disposal, including mediation, to achieve further convergence and reduce the supervisory burden of cross-border banking groups.

The Committee of European Banking Supervisors (CEBS) is publishing today the approved amendments to the Guidelines on Financial Reporting (FINREP) which were submitted for public consultation on 20 April 2007. (CP06rev)
During the consultation period, CEBS has received a number of comments from industry participants which have improved the quality and the accuracy of the proposals. ( During the consultation period, CEBS has received a number of comments from industry participants which have improved the quality and the accuracy of the proposals. (CP06rev_responses). CEBS welcomes the constructive contributions made by respondents and is open to continuing the dialogue with the industry to improve the Guidelines along those lines. CEBS will monitor future developments in the standards to check whether they have an impact on the current version of the Guidelines.). CEBS welcomes the constructive contributions made by respondents and is open to continuing the dialogue with the industry to improve the Guidelines along those lines. CEBS will monitor future developments in the standards to check whether they have an impact on the current version of the Guidelines.

 

The Committee of European Banking Supervisors (CEBS) is today publishing a new release of the Guidelines on Financial Reporting (FINREP). These guidelines are intended to be used by credit institutions when preparing prudential reports to be sent to any European Union Supervisory Authority according to the IAS/IFRS endorsed by the European Commission. Any questions with regard to financial reporting can be sent to financialreporting@c-ebs.org

 [Guidelines] [Framework (Excel-file)]

The Committee of European Banking Supervisors (CEBS) is publishing the final technical guidelines on application of the supervisory review process in relation to concentration risk under Pillar 2.

 

[Guidelines] [Feedback document]

The Committee of European Banking Supervisors (CEBS) is publishing today the final set of guidelines on outsourcing of credit institutions' business activities. The aim of the CEBS guidelines is to promote an approriate level of convergence in supervisory approaches to outsourcing. The proposed guidelines are based on current supervisory and market practices and also take into account international and European developments in the field outsourcing.

[Guidelines] [Feedback document] [Mapping document]

The Committee of European Banking Supervisors (CEBS) is today publishing additional technical guidance to complement the CEBS guidelines on the Supervisory Review Process issued in January 2006 in the area of stress testing.

 

[Guidelines] [Feedback document]

The Committee of European Banking Supervisors (CEBS) is today publishing a new release of the Guidelines on Common Reporting (COREP). These guidelines are intended to be used by credit institutions and investment firms when preparing prudential reports to be sent to any European Union Supervisory Authority according to the new capital framework established in the new capital regulation. The amendments are mainly due to changes in the numbering of the recast Directives 2006/48/EC and 2006/49/EC, as well as to some wording improvements.

[Explanatory notes_GL04 (.pdf)]

Excel(.xls) files:
[Documentation of the changes-GL04 ]
[Credit Risk] [Market Risk] [Operational Risk]

[Overview and group solvency details]

CEBS has published the final technical guidance on application of the supervisory review process in relation to interest rate risk in the banking book.

[Guidelines]  [Feedback document] 

CEBS has published guidelines on the implementation, validation and assessment of the risk management and risk measurement systems used by credit institutions and investment firms for the calculation of their capital requirements.

[Guidelines] [Feedback document]

CEBS has published guidelines on cooperation between supervisors of EU banking groups and investment firms. The guidelines are designed to promote an efficient supervisory framework for groups that operate in several EU jurisdictions, by enhancing the practical operational networking of national supervisors.

[Guidelines] [Feedback document]

CEBS has published guidelines on the Application of the Supervisory Review Process under Pillar 2. The supervisory review process is a central component of the new Capital Requirements Directive. It is designed to enhance the link between the risks taken on by credit institutions and investment firms, their management of those risks, and the capital they hold.

[Guidelines] [Feedback document]

CEBS has published its final guidelines for a common approach to the recognition of External Credit Assessment Institutions (ECAIs) under the Capital Requirements Directive (CRD).

[Guidelines] [Feedback document]

CEBS has published guidelines on a common reporting framework (COREP) to be used by credit institutions and investment firms when they report their solvency ratio to supervisory authorities under the Capital Requirements Directive.

[Cover note] [Explanatory notes] [Feedback document]

Reporting framework:
[Credit risk] [Market risk] [Operational risk] [Overview and group solvency details]

[XBRL taxonomy]

Any questions with regard to common reporting can be sent to corep@c-ebs.org.

CEBS has published guidelines establishing a standardised financial reporting framework (FINREP) for credit institutions operating in the EU. This framework will enable credit institutions to use the same standardised data formats and data definitions for prudential reporting in all countries where the framework will be applied. CEBS believes that this will reduce the reporting burden for credit institutions that operate cross-border, and lower barriers to the development of an efficient internal market in financial services.

[Cover note] [Framework (PDF-file)] [Framework (Excel-file)] [Guidelines] [Feedback document]

CEBS guidelines for supervisory authorities on increased transparency and public disclosure will allow easy access to qualitative information on the laws and rules adopted at the national level and on the ways in which Member States have exercised the options and national discretions, as well as to statistical data on the implementation of the Directive. The CEBS guidelines are required by the Capital Requirements Directive - the EU legislation for a new capital adequacy framework for credit institutions and investment firms.

[Guidelines] [Website demo] [Feedback document]