Standards & Guidelines

The Committee of European Banking Supervisors (CEBS) today publishes its high level principles for risk management. These principles should be considered both by institutions (as part of the ICAAP) and supervisors (as part of the SREP) within the supervisory review framework under Pillar 2.

CEBS publishes today the revised framework on Common Reporting (COREP). The COREP templates have been amended to incorporate changes of the CRD (directives 2009/27/EC and 2009/83/EC) as well as CRD II amendments (directive 2009/111/EC) and will be applicable by 31 December 2010.

The Committee of European Banking Supervisors (CEBS) today publishes its guidelines on operational risk mitigation techniques following a three-month public consultation period and a public hearing. These guidelines, which build on the provisions of the Capital Requirements Directive (CRD) and CEBS’s Guidelines on the Implementation, Validation and Assessment of AMA and IRB Approaches (Implementation Guidelines – GL10) provide supervisory expectations and clarification on the recognition of risk transfer instruments within the AMA.

CEBS publishes today its revised guidelines on financial reporting (FINREPrev2). The revision of the guidelines is part of CEBS’s effort to streamline reporting requirements for supervised institutions, consistent with the recommendations of the Financial Services Committee Report on Financial Supervision (the Franck Report) and the White Paper of the Commission on Financial Services Policy -2005-2010.

The Committee of European Banking Supervisors (CEBS) today publishes its guidelines in relation to two specific aspects of the revised large exposures regime that has been included in the amended Capital Requirements Directive (CRD). The amendments will have to be transposed into Member States’ national law by 31 October 2010 and will be applied from 31 December 2010.

The Committee of European Banking Supervisors (CEBS) today publishes its guidelines in relation to the common reporting of large exposures. 

 

The Committee of European Banking Supervisors (CEBS) today publishes its implementation guidelines on hybrid capital instruments.

This work responds to the request in Article 63(a) of the current revised Capital Requirements Directive  (CRD) that calls on CEBS to elaborate guidelines for the convergence of supervisory practices with regard to hybrid instruments. By setting out minimum requirements for the inclusion of hybrid instruments in original own funds, the quality of own funds is enhanced.

The Committee of European Banking Supervisors (CEBS) today publishes its guidelines on liquidity buffers following a four-month public consultation period and a public hearing. These guidelines, which build on CEBS’s Recommendations on Liquidity Risk Management, elaborate upon the appropriate size and composition of liquidity buffers to enable banks to withstand a liquidity stress for a period of at least one month without changing their business models.

The Committee of European Banking Supervisors (CEBS) today publishes its “Compendium of supplementary guidelines on implementation issues of operational risk” (the Compendium) and a feedback document following a three-month consultation period on CP21 and a related public hearing.

The Committee of European Banking Supervisors (CEBS) today publishes its passporting guidelines following a three month public consultation.

The Committee of European Banking Supervisors (CEBS) today publishes a finalised set of principles for remuneration policies following a one-month public consultation period and a public hearing. The principles address key aspects of well functioning remuneration policies and thus support the sound operation of banking institutions.

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) today publish their guidelines for the prudential assessment of acquisitions and increases in holdings in the financial sector as required by Directive 2007/44/EC.

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’s 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.

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 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.

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 (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.

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.

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 appropriate 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.

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.

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

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.

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.

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.

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).

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.




 

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.

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.