Press Release - 15 October 2007
CEBS ADOPTS ITS PEER REVIEW MECHANISM
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.
[read more]Press Release - 10 October 2007
CEBS CONSULTS ON AN ASSESSMENT OF RISKS ARISING FROM COMMODITIES AND FROM FIRMS CARRYING OUT COMMODITIES BUSINESS
The Committee of European Banking Supervisors (CEBS) today publishes an assessment of the prudential risks arising from the conduct of commodities business and the activities of firms carrying out commodities business.
The report responds to the second part of a Call for Advice issued by the European Commission in August 2006 and concludes CEBS technical advice on the Review of commodities business under Article 48 of Directive 2006/49/EC.
Press Release - 8 October 2007
CEBS PUBLISHES AN ASSESSMENT OF CONVERGENCE ON SUPERVISORY REPORTING
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, click here.
Press Release - 5 October 2007
CEBS PUBLISHES AN ANALYTICAL REPORT ON PRUDENTIAL FILTERS
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.
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.
Press Release - 25 September 2007
CEBS PUBLISHES A MEDIATION PROTOCOL BETWEEN BANKING SUPERVISORS
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.
(http://www.c-ebs.org/Consultation_papers/consultationpapers.htm).
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.
[read more]
Press Release - 30 August 2007
CEBS AND CEIOPS PUBLISHES REPORT ON THE IMPACT OF THE DIFFERENCES IN SECTORAL RULES ON THE CALCULATION OF OWN FUNDS OF FINANCIAL CONGLOMERATES
The Committee of European Banking Supervisors (CEBS) and the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) are publishing today a report on the possible impact of the differences in the definition of capital instruments provided for by the European banking, insurance and securities regulation, for the supervision of a conglomerate. This assessment has been produced by the Interim Working Committee on Financial Conglomerates (IWCFC) in response to the Commission’s call for advice on sectoral rules on eligible capital and analysis of the consequences for supervision of financial conglomerates. The report follows the first report on the cross-sectoral comparison of the sectoral rules for the eligibility of capital instruments in the regulatory capital published in January 2007.
[read more]
Press Release - 24 July 2007
CEBS PUBLISHES APPROVED AMENDMENTS TO THE GUIDELINES ON FINANCIAL REPORTING
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.
Press Release - 19 July 2007
CEBS PUBLISHES A QUESTIONNAIRE ON OPTIONS AND NATIONAL DISCRETIONS
The Committee of European Banking Supervisors (CEBS) today publishes a questionnaire on options and national discretions as part of developing its response to the European Commission's Call for Advice. In the Call for Advice (No. 10) issued on 16 May 2007, the European Commission invites CEBS to conduct an in-depth technical analysis on the exercise of options and national discretions identified in its supervisory disclosure framework.
CEBS invites all interested parties to answer the questionnaire published for public consultation which starts today and runs until 19 October 2007. Comments received will be published on CEBS website unless respondents request otherwise. Please send your comments to the following e-mail address: nd@c-ebs.org.
Press Release - 18 July 2007
CEBS PUBLISHES A SUMMARY OF THE OPEN HEARING ON LARGE EXPOSURES
The Committee of European Banking Supervisors (CEBS) organised a public hearing open to all interested parties on 11 July 2007 in London.
On 15 June 2007, CEBS submitted for public consultation its initial views on key basic concepts of a large exposures regime in the EU as part of its response to the first part of the European Commission's second call for advice (CP14). In the context of the ‘Better Regulation’ agenda, CEBS also put forward some preliminary results from its market and regulatory failure analyses. The objectives of the public hearing were to hear about the range of market participants’ views on CEBS’ proposals, coming from large sophisticated institutions as well as from smaller or less sophisticated institutions, and to receive input from them on key technical issues identified in the Consultative Paper. Participants were invited to submit their written contributions no later than 15 August 2007 to cp14@c-ebs.org
Press Release - 21 June 2007
CEBS PUBLISHES SUMMARY OF THE OPEN HEARING ON OWN FUNDS
The Committee of European Banking Supervisors (CEBS) organised a public hearing open to all interested parties on ‘towards further convergence on own funds in Europe’ on 11 June 2007 in London. http://www.c-ebs.org/keydates.htm
The objective of the event was to hear about the range of concerns the current definition of own funds in the EU, and especially Tier 1 hybrid capital instruments, causes for market participants and their views on what a more consistent definition would look like.
Press Release - 15 June 2007
CEBS CONSULTS ON AN ASSESSMENT OF THE RISKS ARISING FROM COMMODITIES BUSINESS AND FROM FIRMS CARRYING OUT COMMODITIES BUSINESS
The Committee of European Banking Supervisors (CEBS) today publishes a consultation paper on the risks arising from commodities business and from firms carrying out commodities business.
The report responds to the second part of a Call for Advice issued by the European Commission in August 2006 in which CEBS was invited to assess the prudential risks arising from the conduct of commodities business.
CEBS invites all interested parties to discuss the findings of the risk assessment in an open discussion on 9 July 2007 (9.30–12.30), at the CEBS office in London and/or to send written comments on the consultation paper to the CEBS secretariat (commodities@c-ebs.org) by 27 July 2007. Due to the limited number of seats prior registration would be appreciated. The consultation paper and the registration form for the hearing are posted on the CEBS website under:
http://www.c-ebs.org/Consultation_papers/consultationpapers.htm and http://www.c-ebs.org/keydates.htm
Press Release - 15 June 2007
CEBS PUBLISHES A CONSULTATION PAPER ON THE FIRST PART OF ITS TECHNICAL ADVICE ON LARGE EXPOSURES
The Committee of European Banking Supervisors (CEBS) today starts a public consultation on a number of central aspects of the large exposures regime as part of developing its response to the European Commission's call for advice. The consultation is open to all interested parties, including supervised institutions and other market participants.
This consultation paper sets out CEBS’ initial views on some of the key concepts which form the basis of the large exposures regime. CEBS submits its initial views for public consultation which starts today and runs until 15 August 2007. Comments received will be published on CEBS website unless respondents request otherwise. Please send your comments to the following e-mail address: cp14@c-ebs.org.
Moreover, a public hearing is being organised on 11 July at CEBS premises from 9:30 to 12:30 in order to allow all interested parties to highlight their comments to CEBS. Please use the following link for more information: http://www.c-ebs.org/keydates.htm
Press Release - 15 June 2007
CEBS PUBLISHES A QUANTITATIVE SURVEY OF ELIGIBLE OWN FUNDS
The Committee of European Banking Supervisors (CEBS) is publishing today a quantitative analysis of the capital instruments that are eligible for prudential purposes in the application of the European Banking Directives.
It is the fourth contribution of CEBS to the European Commission's current review of the definition of Own Funds. It complements the CEBS survey of the implementation of the current rules across Member States, its analysis of the capital instruments recently created by the industry, and a quantitative analysis of hybrid capital instruments eligible as original own funds published on http://www.c-ebs.org/advice/advice.htm
Press Release - 24 May 2007
CESR, CEBS and CEIOPS PUBLISH JOINT CONSULTATION PAPER ON DRAFT IMPACT ASSESSMENT GUIDELINES
CESR, CEBS and CEIOPS announce today the publication of a joint consultation paper on draft Impact Assessment (“IA” hereafter) Guidelines to be used by the EU Level 3. The guidelines are designed to provide the Committees’ Expert Groups with a practical tool to assist them when using IA as part of their policy analysis and in the course of formulating recommendations. Comments on the proposed IA guidelines will be welcomed by the 24 August 2007 and can be submitted online via CESR's website at http://www.cesr.eu in the section 'consultation'.
Press Release - 18 May 2007
CEBS PUBLISHES IMPLEMENTATION QUESTIONS ON WEBSITE
CEBS has developed a web-based system for the reception and publication of implementation questions in the area of reporting frameworks. Any interested party will be able to send questions on the implementations of the CEBS Guidelines on Reporting (COREP and FINREP) in a more direct and transparent way. The questions will be addressed and answered by the experts from supervisory national authorities participating in the networks on COREP and FINREP. The system will also disclose the questions and answers in the public CEBS website. The system already discloses a number of questions and answers that have been addressed since mid-2006. CEBS expects that this system will improve the consistency and common understandings of the national implementations of the CEBS Guidelines on Reporting, simplifying the reporting procedures and streamlining the administrative burden for cross-border groups. Finally, it shall be stressed that the answers only reflect CEBS’ views on problems arising from the implementation of the CEBS Guidelines on Reporting, but they cannot be considered as interpretations of the underlying regulations (Directive 2006/48/EC and Directive 2006/49/EC, and IAS/IFRS endorsed by the European Union).
Press Release - 8 May 2007
CEBS ORGANIZES FIRST INTERNATIONAL CONFERENCE 9 May 2007, London
The Committee of European Banking Supervisors (CEBS) will be organizing its first international conference on 9 May 2007 in London. The main topics for discussion will be CEBS’ progress since it was established three years ago, and the challenges lying ahead for EU banking supervision. CEBS will also be publishing the results of a major public survey to assess its performance. The results of the Ipsos MORI poll of CEBS' work and CEBS' response to it, can be also found on our website.
Press Release - 27 April 2007
CEBS ORGANISES A HEARING ON OWN FUNDS
CEBS is about to finalise its empirical work on the definition of own funds across the EU. CEBS has been asked by the European Commission to check whether further convergence can be achieved in this area and to this end, CEBS is keen on having an open discussion with all interested parties on the concerns raised by the current regulatory definition of capital and on the range of views as to where convergence should be sought. CEBS is therefore organising an open hearing on 11 June 2007 in London.
Please download the agenda here. To participate, please download and fill in the registration form here.
Press Release - 25 April 2007
EUROPEAN SUPERVISORS AGREE ON THE OUTCOME OF THE INFORMAL JOINT ASSESSMENT PROCESS OF AN EXTERNAL CREDIT ASSESSMENT INSTITUTION
Eleven competent supervisory authorities to whom DBRS informally applied for recognition as an eligible external credit assessment institution (ECAI) in the context of the Capital Requirements Directive have reached a shared view on DBRS' eligibility for regulatory capital purposes and on the mapping of its credit assessments.
Press Release - 20 April 2007
CEBS STARTS A FORMAL CONSULTATION ON AMENDMENTS TO THE GUIDELINES ON FINANCIAL REPORTING
The Committee of European Banking Supervisors (CEBS) has decided to start a formal consultation with the banking industry, market participants and endusers to amend its Guidelines on Financial Reporting (CP06 rev). The consultation period starts today and lasts one month, by the 20 May 2007.
Press Release - 19 March 2007
CEBS STARTS A FORMAL CONSULTATION ON AMENDMENTS TO ITS CONSULTATION PRACTICES
The Committee of European Banking Supervisors (CEBS) has decided to start a formal consultation with the banking industry, market participants and endusers to amend its consultation practices (CP01 rev). The consultation period starts today and lasts three months, by the 19 June 2007.
Press Release - 19 March 2007
CEBS STARTS CONSULTATION ON THE ESTABLISHMENT OF A MEDIATION MECHANISM BETWEEN BANKING SUPERVISORS
The Committee of European Banking Supervisors (CEBS) is publishing today its Consultation Paper (CP13) on a mediation mechanism between banking supervisors. The consultation is open to all interested parties, including supervised institutions, other market participants and end users of banking services. The consultation period begins today and will run until 19 June 2007. CEBS is organising a public hearing on 29 May 2007 on the Consultation Paper, please download the registration form here.
Press Release - 13 March 2007
CEBS PUBLISHES A QUANTITATIVE SURVEY ON HYBRID CAPITAL INSTRUMENTS
The Committee of European Banking Supervisors (CEBS) is publishing today an empirical snapshot of the characteristics of hybrid capital instruments recognised as regulatory original own funds in the European Economic Area (EEA). It is the third contribution of CEBS to the European Commission’s current review of the definition of Own Funds. It complements the CEBS survey of the implementation of the current rules across Member States and its analysis of the capital instruments recently created by the industry, published on 23 June 2006.
Press Release - 31 January 2007
CEBS PUBLISHES SUMMARY OF PROPORTIONALITY WORKSHOP
The Committee of European Banking Supervisors (CEBS) and three European Banking Associations (the European Association of Co-operative Banks, European Banking Federation, and the European Savings Banks Group) jointly organised a workshop on the principle of proportionality on 11 January 2007 in London. The objective of the event was to bring together banking supervisors and industry representatives to have an open and informal exchange of views on the application of the principle of proportionality.
Press Release - 31 January 2007
CEBS APPOINTS NEW BUREAU MEMBERS
The Committee of European Banking Supervisors (CEBS) has appointed Rudi Bonte and Jukka Vesala as new members to its Bureau. Mr. Bonte and Mr. Vesala started working in their new roles from 15 January 2007. On 31 January Rudi Bonte and Jukka Vesala were also appointed as Directors of CEBS Secretariat Limited.
Press Release - 9 January 2007
JOINT PRESS RELEASE ON CROSS-SECTORAL COMPARISON OF CAPITAL INSTRUMENTS
The Committee of European Banking Supervisors (CEBS) and the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) are publishing today a comparison of the capital instruments that are eligible for prudential purposes in the application of the European banking, insurance and securities regulation. This cross-sectoral comparison has been produced by the Interim Working Committee on Financial Conglomerates (IWCFC) at the request of the European Financial Conglomerates Committee. This report was sent to the Commission on 3 January 2007.
Press Release - 4 January 2007
CEBS PUBLISHES A SURVEY ON SUPERVISORY PRACTICES FOR COMMODITIES BUSINESS AND FIRMS CARRYING OUT COMMODITIES BUSINESS
The Committee of European Banking Supervisors (CEBS) today publishes a survey on supervisory practices for commodities business and firms carrying out commodities business.
The report responds to the first part of a Call for Advice issued by the European Commission in August 2006. CEBS was invited to carry out a survey of supervisory practices for commodities business and firms carrying out commodities business and to assess the prudential risks arising from the conduct of commodities business.
Press Release - 15 December 2006
CEBS PUBLISHES RECAST VERSION OF GUIDELINES ON FINANCIAL REPORTING
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.
Press Release - 14 December 2006
CEBS PUBLISHES ADDITIONAL GUIDELINES ON STRESS TESTING
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.
Press Release - 14 December 2006
CEBS PUBLISHES ADDITIONAL TECHNICAL GUIDELINES ON CONCENTRATION RISK
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.
Press Release - 14 December 2006
CEBS PUBLISHES GUIDELINES ON OUTSOURCING
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.
Press Release - 30 November 2006
INVITATION TO STAKEHOLDERS TO TAKE PART IN A SURVEY OF CEBS’ PROGRESS
CEBS is pleased to invite you to take part in an online survey to assess its progress and impact. It will be conducted on CEBS’ behalf by Ipsos MORI, the leading market research agency. The information will be invaluable in assisting us to review and assess CEBS’ work programme and, if necessary, to adapt its strategy and priorities. We are very interested in your views and opinions and for this reason hope you can spare a few minutes to complete this survey. The deadline for completing the questionnaire is 31 January 2007.
Press Release - 16 October 2006
CEBS PUBLISHES RECAST VERSION OF THE GUIDELINES ON COMMON REPORTING
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.
Press Release - 3 October 2006
CEBS PUBLISHES FINAL TECHNICAL GUIDANCE ON APPLICATION OF THE SUPERVISORY REVIEW PROCESS IN RELATION TO INTEREST RATE RISK IN THE BANKING BOOK
The Committee of European Banking Supervisors (CEBS) is today publishing additional technical guidance on application of the supervisory review process under the Capital Requirements Directive.
Press Release - 31 August 2006
CEBS PUBLISHES A REPORT ON INDUSTRY PRACTICES ON LARGE EXPOSURES
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.
Press Release - 22 August 2006
CEBS PUBLISHES QUESTIONNAIRE ON COMMODITY FIRMS AND COMMODITIES BUSINESS
CEBS has received a call for advice from the European Commission on prudential treatment of commodities business. In order to respond and consult with a sufficiently broad spectrum of firms of all sizes, CEBS has published a questionnaire on current industry practices and thinking in relation to the measurement and management of commodity risk.
Press Release - 4 August 2006
EUROPEAN SUPERVISORS AGREE ON THE OUTCOME OF THE INFORMAL JOINT ASSESSMENT PROCESS OF THREE EXTERNAL CREDIT ASSESSMENT INSTITUTIONS
Competent supervisory authorities across Europe have reached a shared view on the Fitch Ratings, Standard & Poor's Ratings Services, and Moody's Investors Service eligibility for regulatory capital purposes and on the mapping of their credit assessments.
Press Release - 23 June 2006
CEBS PUBLISHES SURVEYS ON SUPERVISORY RULES ON OWN FUNDS AND ON RECENT MARKET TRENDS IN NEW CAPITAL INSTRUMENTS
CEBS has published a survey of the national implementation of the current rules on own funds. CEBS also publishes in parallel an analysis of recent market trends in, and the main characteristics of, new capital instruments.
Press Release - 16 June 2006
CEBS: QUANTITATIVE IMPACT STUDY SHOWS EXPECTED RESULTS
CEBS has published a report on the effects of the Capital Requirements Directive (CRD) on the amount of the regulatory minimum capital in Europe. The report summarises the results of the fifth Quantitative Impact Study (QIS 5) and shows expected reduction of minimum capital requirements after implementation of new directive.
Press Release - 9 June 2006
CEBS PUBLISHES CONSULTATION PAPER ON STRESS TESTING
CEBS has started a public consultation on additional technical guidance on the application of the supervisory review process under the Capital Requirements Directive (CRD). The guidelines on stress testing will be applied within the dialogue between supervisors and institutions and should not be interpreted as resulting automatically in the need for additional capital.
Press Release - 25 April 2006
CEBS EXTENDS THE DEADLINE FOR RESPONSES TO QUESTIONNAIRE ON LARGE EXPOSURES
CEBS has extended the timeline by one month for market participants to respond to the questionnaire on large exposures. The revised deadline is now 16 June 2006.
Press Release - 6 April 2006
CEBS OPENS SECOND ROUND OF CONSULTATION ON THE STANDARDS FOR OUTSOURCING
CEBS has started a second round of public consultation on the standards for outsourcing of credit institutions' business activities. The consultation runs until 6 July 2006.
Press Release - 4 April 2006
CEBS PUBLISHES GUIDELINES ON THE IMPLEMENTATION, VALIDATION AND ASSESSMENT OF ADVANCED CREDIT AND OPERATIONAL RISK APPROACHES
CEBS has published its guidelines on the implementation, validation and assessment of the risk management and risk measurement systems used by credit institutions and investment firms applying to move to an advanced approach to calculate their capital requirements.
Press Release - 24 March 2006
COREP XBRL TAXONOMY PUBLISHED
CEBS is pleased to announce the release of the XBRL taxonomy version 1.0 for the Common Reporting (COREP) framework. The COREP XBRL taxonomy 1.0 is available for on www.corep.info in order to receive comments and suggestions improving the quality of the deliverable. Version 1.0 is to be used in production, and only minor improvements and changes are expected. National extensions can use version 1.0 as a sound basis.
Press Release - 23 March 2006
CEBS OPENS CONSULTATION ON ADDITIONAL TECHNICAL GUIDANCE
ON APPLICATION OF THE SUPERVISORY REVIEW PROCESS
CEBS has started a public consultation on additional technical guidance on application of the supervisory review process under the Capital Requirements Directive (CRD). The consultation period runs until 23 June 2006.
Press Release - 23 March 2006
CEBS PUBLISHES A QUESTIONNAIRE ON MARKET PRACTICES ON LARGE EXPOSURES
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. This survey is conducted via public questionnaire and responses are requested by 18 May 2006.
Press Release - 23 March 2006
CEBS UPDATES THE SUPERVISORY DISCLOSURE FRAMEWORK
CEBS has updated the supervisory disclosure framework and its website demo in light of the final version of the Capital Requirements Directive (CRD).
Press Release - 14 February 2006
THE IMPACT OF IAS/IFRS ON BANKS' REGULATORY CAPITAL AND MAIN BALANCE SHEET ITEMS
The introduction of IAS/IFRS has been a source of concern to supervisory authorities, notably because of fears that these standards could jeopardise the criteria that regulatory own funds have to fulfil. CEBS subsequently undertook an analysis of a sample of institutions' financial data to determine whether the supervisory concerns are justified and to what extent the Guidelines on prudential filters are effective.
Press Release - 6 February 2006
CEBS, CEIOPS AND CESR PUBLISH COMMON WORK PROGRAMME FOR 2006
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) have published a common cross-sector work programme for 2006. This work programme builds further on the Joint Protocol signed by the three Committees on 24 November 2005.
Press Release - 25 January 2006
CEBS PUBLISHES GUIDELINES ON SUPERVISORY COOPERATION FOR CROSS-BORDER BANKING AND INVESTMENT FIRM GROUPS
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.
Press Release - 25 January 2006
CEBS PUBLISHES GUIDELINES ON SUPERVISORY REVIEW PROCESS
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 (CRD).
Press Release - 20 January 2006
CEBS OPENS SECOND ROUND OF CONSULTATION ON THE VALIDATION AND ASSESSMENT OF CREDIT AND OPERATIONAL RISK APPROACHES
CEBS has started a second round of public consultation on some aspects of the validation and assessment of the risk management and risk measurement systems used by credit institutions and investment firms to calculate their capital requirements. The consultation runs until 16 February 2006
Press Release - 20 January 2006
CEBS PUBLISHES GUIDELINES ON THE RECOGNITION OF EXTERNAL CREDIT ASSESSMENT INSTITUTIONS
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).
Press Release - 18 January 2006
CEBS ELECTS NEW CHAIR
Mme Daničle Nouy, Secretary General of the French Banking Commission (Commission Bancaire), has been elected Chair of the Committee of European Banking Supervisors (CEBS).
Press Release - 13 January 2006
CEBS HARMONISES REPORTING FRAMEWORK FOR EUROPEAN FINANCIAL GROUPS
CEBS has published its 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 (CRD).
| 16/12/05 - | CEBS harmonises reporting framework for European financial groups |
| 24/11/05 - | Banking, insurance and securities supervisors enhance EU-wide co-operation |
| 01/11/05 - | CEBS publishes guidelines on supervisory disclosure |
| 01/11/05 - | CEBS publishes supplemantary note for cunsultation on the recognition of external credit assessment institutions |
| 27/10/05 - | CEBS comments fair value option |
| 11/10/05 - | Lamfalussy chairs address the Ecofin Council meeting on progress and opportunities for better regulation |
| 09/09/05 - | Invitation to a public hearing on the guidelines for greater supervisory co-operation |
| 11/07/05 - | CEBS starts consultation on the validation and assessment of credit and operational risk approaches |
| 08/07/05 - | CEBS starts consultation on guidelines for cross-border supervision |
| 05/07/05 - | CEBS consults on its role and tasks |
| 30/06/05 - | European banking supervisors reveal plans for digital reporting |
| 29/06/05 - | CEBS opens consultation on recognition of external credit assessment institutions |
| 21/06/05 - | Invitation to a public hearing on the Supervisory Review Process. |
| 20/06/05 - | CEBS starts a second round of consultation on the Supervisory Review Process. |
| 13/06/05 - | A delegation of members of the European Parliament visits CEBS |
| 09/06/05 - | US Secretary of the Treasury John Snow visits CEBS |
| 07/06/05 - | European banking supervisors support the adoption of digital reporting |
| 14/05/05 - | Memorandum of understanding on co-operation in financial crisis situations |
| 07/04/05 - | CEBS develops a standardised financial reporting framework |
| 04/04/05 - | CEBS publishes questionnaire on cross-border mergers |
| 23/03/05 - | CEBS starts a formal consultation on supervisory disclosure |
| 26/01/05 - | CEBS starts a formal consultation on common reporting |
| 19/01/05 - | CEBS plans extensive work on convergence of supervisory practices: Several consultations to start in 2005 |
| 21/12/04 - | CEBS guidelines on prudential filters for regulatory capital |
| 28/10/04 - | CEBS to start consultation on common reporting of the solvency ratio |
| 27/10/04 - | CEBS to press for convergence of supervisory practices across EU |
| 15/10/04 - | Consultative Panel to support CEBS in implementation of Capital Requirements Directive |
| 03/06/04 - | CEBS, CEIOPS and CESR welcome the political agreement on the Directive establishing a new structure for EU committees on financial services. |
| 24/05/04 - | Committee of European Banking Supervisors
(CEBS) releases consultation paper on the Application of the Supervisory Review Process under Pillar 2 |
| 30/04/04 - | Committee of European Banking Supervisors (CEBS) releases consultation paper on high level principles on outsourcing |
| 29/04/04 - | Committee of European Banking Supervisors (CEBS) releases first consultation paper: Public Statement of Consultation Practices |
| 31/03/04 - | Second meeting of the Committee of European Banking Supervisors (CEBS)
Good progress made on organisational and substantive issues |
| 29/01/04 - | Committee of European Banking Supervisors (CEBS) holds first meeting |