Compliance with EBA regulatory products

EBA Guidelines and Recommendations

As part of its task of establishing consistent, efficient and effective supervisory practices across the EU and ensure uniform application of Union law, the European Banking Authority (EBA) issues regulatory guidelines and recommendations in its fields of competence. Regulation (EU) No 1093/2010 establishing the EBA requires that competent authorities and financial institutions make every effort to comply with the EBA guidelines and recommendations (Article 16).

Once approved by its Board of Supervisors, the EBA makes available on its website the English language version of its guidelines and recommendations; any related reports containing background papers, or feedback from public consultations, views of the EBA Banking Stakeholder Group (BSG), as well as cost-benefit analyses, are published alongside this, where appropriate.

Guidelines and recommendations are, however, formally issued only once published in all relevant EU official languages on the EBA website. Within two months, competent authorities across the EU must inform the EBA whether they comply or intend to comply with the guidelines or recommendations. If a competent authority does not comply or does not intend to comply, it must inform the EBA of this and state reasons for non-compliance, as prescribed by the ‘comply or explain' principle. If specified in the guidelines or recommendations, financial institutions might also have to report whether or not they comply.

Competent authority compliance can be notified to the EBA through this form:

 

Guidelines and Recommendations

Technical Standards, Guidelines & Recommendations

  • Guidelines on fraud reporting under PSD2

    The Guidelines, which are addressed to payment service providers and competent authorities, are aimed at contributing to the objective of PSD2 to increase the security of retail payments in the EU.

    Status: Under development

  • Guidelines on disclosure requirements on IFRS 9 transitional arrangements

    These guidelines aim to increase consistency and comparability of the information on own funds and capital and leverage ratios disclosed by institutions during the transition to the full implementation of the new accounting standard, and to ensure market discipline.

    Status: Under development

  • Guidelines on the criteria on how to stipulate the minimum monetary amount of the professional indemnity insurance under PSD2

    These Guidelines define the criteria Competent Authorities should consider when stipulating the minimum monetary amount of the professional indemnity insurance (PII) or comparable guarantee for payment initiation and account information service providers under the revised Payment Service Directive (PSD2)

    Status: Final and translated into the EU official languages

  • Report on the implementation of the Guidelines on methods for calculating contributions to DGSs

    The report assesses whether the principles outlined in the EBA Guidelines on methods for calculating contributions to DGSs (Guidelines) are being met in practice. It also evaluates whether there is appropriate and consistent implementation of these Guidelines across Member States.

    Status: Under development

  • Recommendations on outsourcing to cloud service providers

    These recommendations intend to clarify the EU-wide supervisory expectations if institutions intend to adopt cloud computing, so as to allow them to leverage the benefits of using cloud services, while ensuring that any related risks are adequately identified and managed.

    Status: Under development

  • Guidelines on security measures for operational and security risks under the PSD2

    The Guidelines have been developed in close cooperation with the European Central Bank (ECB), and are in support of the objectives of PSD2, such as strengthening the integrated payments market in the EU, mitigating the increased security risks arising from electronic payments, and promoting equal conditions for competition.

    Status: Under development

  • Guidelines to prevent transfers of funds can be abused for ML and TF

    These Guidelines are part of the ESAs’ wider work on fostering a common approach to Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) and promote a common understanding of payment service providers’ obligations in this area.

    Status: Final (awaiting translation into the EU official languages)

  • Recommendations on the coverage of entities in a group recovery plan

    These draft recommendations are aimed at defining common criteria to identify entities that need to be covered in group recovery plans, and at providing a common guidance for the extent of such coverage.

    Status: Under development

  • Guidelines on procedures for complaints of alleged infringements of the PSD2

    These draft Guidelines are part of the EBA’s work to support the core objectives of the PSD2 of strengthening the integrated payments market across the European Union, ensuring a consistent application of the legislative framework and promoting transparency.

    Status: Under development

  • Guidelines on supervision of significant branches

    These Guidelines are designed to facilitate cooperation and coordination between the Competent Authorities (CAs). They will assist them in supervising the largest systemically important branches, the so-called “significant-plus” branches, which require intensified supervision.

    Status: Under development

  • Guidelines on major incidents reporting under PSD2

    These Guidelines are in support of the objectives of the PSD2 of strengthening the integrated payments market across the European Union, ensuring a consistent application of the legislative framework, promoting equal conditions for competition, providing a secure framework on the payments environment and protecting consumers.

    Status: Final (awaiting translation into the EU official languages)

  • Guidelines on PD estimation, LGD estimation and treatment of defaulted assets

    These draft Guidelines are part of the EBA’s broader work on the review of the IRB approach aimed at reducing the unjustified variability in the outcomes of internal models, while preserving the risk sensitivity of capital requirements.

    Status: Under development

  • Guidelines on authorisation and registration under PSD2

    These Guidelines are in support of the objective of PSD2 of strengthening an integrated payments market across the European Union, ensuring a consistent application of the legislative framework, and promoting equal conditions for competition.

    Status: Final (awaiting translation into the EU official languages)

  • Guidelines on internal governance (revised)

    These draft Guidelines aim at further harmonising institutions’ internal governance arrangements, processes and mechanisms across the EU, in line with the new requirements in this area introduced in the Capital Requirements Directive (CRD) and also taking into account the proportionality principle.

    Status: Under development

  • Joint ESMA and EBA Guidelines on the assessment of the suitability of members of the management body

    The draft Guidelines aim at further improving and harmonising suitability assessments within the EU financial sectors and so ensure sound governance arrangements in financial institutions.”

    Status: Under development

  • Guidelines on ICT Risk Assessment under the SREP

    These draft Guidelines are addressed to competent authorities and aim at promoting common procedures and methodologies for the assessment of ICT risk.

    Status: Final and translated into the EU official languages

  • Guidelines on credit risk management practices and accounting for expected credit losses

    These draft Guidelines on credit institutions’ credit risk management practices and accounting for expected credit losses follow the publication of Guidance by the Basel Committee in December 2015 on the same matter. These Guidelines aim at ensuring sound credit risk management practices associated with the implementation and on-going application of the accounting for expected credit losses.

    Status: Final and translated into the EU official languages

  • Guidelines on Connected Clients

    These draft Guidelines review and update the ‘Guidelines on the implementation of the revised large exposures regime’ issued by the Committee of European Banking Supervisors (CEBS) on 11 December 2009. Their focus is exclusively on the issue of connected clients as defined in the Capital Requirements Regulation (CRR) and they reflect the developments in the area of shadow banking and large exposures both at EU and international level.

    Status: Under development

  • Guidelines on disclosure requirements under Part Eight of Regulation (EU)

    These Guidelines on regulatory disclosure requirements are based on an update of the Pillar 3 requirements by the Basel Committee in January 2015. These Guidelines are part of the EBA’s work to improve and enhance the consistency and comparability of institutions’ disclosures and aim to ensure market discipline.

    Status: Final and translated into the EU official languages

  • Guidelines on sound remuneration policies

    These draft Guidelines set out the governance process for implementing sound remuneration policies across the EU and provide guidance on all other remuneration principles set out in the Capital Requirements Directive (CRD IV). They specify the criteria for mapping all remuneration components into either fixed or variable pay and complement the EBA Opinion on allowances issued in October 2014 by providing additional details in support of the principles formulated in it, so as to ensure compliance with the bonus cap introduced by the CRD IV.

    Status: Final and translated into the EU official languages

  • Guidelines on cooperation agreements between deposit guarantee schemes

    These Guidelines are part of the EBA's work to promote a consistent and coherent approach to cooperation agreements between deposit guarantee schemes (DGSs) across the European Union (EU). The proposed Guidelines specify the objectives and minimum content of cooperation agreements, with the aim of contributing to strengthen the European system of national DGSs.

    Status: Final and translated into the EU official languages

  • Guidelines on the LCR disclosure

    These Guidelines aim to specify key liquidity ratios and figures in a harmonised manner across the EU, as envisaged in Article 435 (1) CRR for the general disclosure framework which includes liquidity risk. They build on the Liquidity Coverage Ratio disclosure standards published by the Basel Committee on Banking Supervision (BCBS) in March 2014. They contain a harmonised table on liquidity risk management and harmonised templates for the LCR disclosure together with all relevant instructions.

    Status: Final and translated into the EU official languages

  • Guidelines on corrections to modified duration for debt instruments

    These Guidelines establish what type of adjustments to the Modified Duration (MD), defined according to the formulas in Article 340(3) of the CRR, have to be performed in order to reflect appropriately the effect of the prepayment risk. These draft Guidelines are relevant for institutions applying the standardised approach for general risk on debt instruments under the Duration-Based calculation.

    Status: Final and translated into the EU official languages

  • Guidelines on product oversight and governance arrangements for retail banking products

    The mis-conduct of financial institutions can cause significant consumer detriment, undermine market confidence, threaten the integrity of the financial system, and incur large costs to wider society. In order to address some of these conduct risks, the EBA has developed detailed Guidelines on product oversight and governance arrangements for the retail banking products that fall into its consumer protection remit, which are: mortgages, personal loans, deposits, payment accounts, payment services, and electronic money. The Guidelines provide a framework for robust and responsible product design and distribution by manufacturers and distributors.

    Status: Final and translated into the EU official languages

  • Guidelines on implicit support for securitisation transactions

    The objective of these Guidelines is to provide clarity on what constitutes arm's length conditions and when a transaction is not structured to provide support for securitisations. The Guidelines have been developed pursuant to Article 248 of the CRR, which lays down restrictions on sponsor institutions and originator institutions providing support to securitisations beyond their contractual obligations.

    Status: Final and translated into the EU official languages

  • Guidelines on remuneration policies for sales staff

    The EBA has identified poor remuneration policies and practices as a key driver of miss-selling of retail banking products and services. These draft Guidelines on remuneration policies and practices are aimed at providing a framework for financial institutions to implement remuneration policies and practices that will improve links between incentives and the fair treatment of consumers, reduce the risk of mis-selling and resultant conduct costs for firms.

    Status: Final and translated into the EU official languages

  • Guidelines on stress testing and supervisory stress testing

    These draft Guidelines on stress testing and supervisory stress testing provide detailed guidance on the way institutions should design and conduct a stress testing programme across the EU as well as promote convergence in the use of stress test in the context of the supervisory review and evaluation process (SREP). They build on the previous CEBS Guidelines on Stress Testing (GL32), which were published in August 2010.

    Status: Under development

  • Guidelines on Business Reorganisation Plans

    These Guidelines focus on the assessment of these plans and have been developed within the framework established by the Bank Recovery and Resolution Directive (BRRD) which sets procedures for the recovery and resolution of credit institutions, investment firms and related entities across the EU. The draft Guidelines specify further the minimum criteria for a plan to be approved by Resolution and Competent Authorities across the EU, who should assess the credibility of the assumptions, as well as the presence of concrete performance indicators in the plan.

    Status: Final and translated into the EU official languages

  • Guidelines on ICAAP and ILAAP information

    These Guidelines specify the information competent authorities will collect from institutions regarding the internal capital adequacy assessment process (ICAAP) and the internal liquidity adequacy assessment process (ILAAP). These draft Guidelines aim at facilitating the consistent approach to the supervisory assessment of ICAAP and ILAAP frameworks as well as the assessment of reliability of institutions’ own capital and liquidity estimates as part of the supervisory review and evaluation process (SREP) following the criteria and methodologies specified in the EBA Guidelines on common procedures and methodologies for SREP.

    Status: Final and translated into the EU official languages

  • Guidelines on the treatment of CVA risk under SREP

    The Guidelines are based on a policy recommendation contained in the EBA’s CVA report and aim to provide a common European approach to assessing CVA risk under SREP. Additionally, these Guidelines will provide a common European approach to the assessment of capital adequacy of own funds and the determination of potential additional own funds requirements for CVA risk.

    Status: Under development

  • Guidelines on stress tests of deposit guarantee schemes

    The proposed Guidelines will provide the methodological principles to assess whether the operational and funding capabilities of deposit guarantee schemes (DGSs) are sufficient to ensure deposit protection in the event of a bank failure. In line with the Deposit Guarantee Schemes Directive (DGSD), these Guidelines will promote the quality and the consistency of these stress tests. The resulting data will also facilitate future peer reviews by the EBA, contributing to a safe and sound EU framework for the benefit of depositors and financial stability.

    Status: Final and translated into the EU official languages

  • Guidelines on how information should be provided under the BRRD

    These Guidelines outline how confidential information collected under the Bank Recovery and Resolution Directive (BRRD) should be disclosed in summary or collective form without identifying individual institutions or relevant entities. The aim of these Guidelines is to promote convergence of supervisory and resolution practices regarding the disclosure of confidential information. In particular, the draft Guidelines specify that the disclosure of confidential information in summary or collective form should be made available in anonymised form, either by means of a brief statement or on an aggregate basis, and define principle based factors which should be considered in order to ensure that information is disclosed in such a form.

    Status: Final and translated into the EU official languages

  • Guidelines on risk based supervision

    These Guidelines specify the characteristics of a risk-based approach to anti-money laundering and countering the financing of terrorism supervision and set out what competent authorities should do to ensure that their allocation of supervisory resources is commensurate to the level of money laundering and terrorist financing risk associated with credit and financial institutions in their sector. They build on the ESAs' 'Preliminary report on anti-money laundering and counter financing of terrorism Risk Based Supervision', which were published in October 2013.

    Status: Final and translated into the EU official languages

  • Guidelines on risk factors and simplified and enhanced customer due diligence

    These Guidelines provide credit and financial institutions with the tools they need to make informed, risk-based and proportionate decisions on the effective management of individual business relationships and occasional transactions for anti-money laundering and countering the financing of terrorism purposes. They provide guidance on the factors firms should consider when assessing the money laundering and terrorist financing risk associated with a business relationship or occasional transaction and set out how credit and financial institutions can adjust the extent of their customer due diligence measures in a way that is commensurate to the money laundering and terrorist financing risk they have identified. Competent authorities should use these Guidelines when assessing whether the money laundering and terrorist financing risk assessment and management systems and controls of EU credit and financial institutions are adequate.

    Status: Final (awaiting translation into the EU official languages)

  • Guidelines on communication between competent authorities and auditors

    Effective communication between the competent authorities and auditors should contribute to fostering financial stability and safety and soundness of the banking system by facilitating the task of supervision of credit institutions. These Guidelines include an underlying general framework that should underpin effective communication between the competent authorities and the auditors at all times and specify the main elements of effective communication.

    Status: Final and translated into the EU official languages

  • Guidelines for the identification of global systemically important institutions (G-SIIs)

    These Guidelines foresee that G-SIIs, as well as other large institutions that have an overall exposure of more than EUR 200 billion Euro and are systemically relevant, will be subject to the same disclosure requirement.

    Status: Final and translated into the EU official languages

  • Guidelines on Technical aspects of the management of interest rate risk arising from non trading activities in the context of the supervisory review process

    These guidelines on technical aspects of the management of interest rate risk arising from non trading activities are aimed at improving the management of IRRBB risks by institutions, and to promote the convergence of supervisory practices in reviewing and evaluating institutions under the Pillar 2 assessment process.

    Status: Final and translated into the EU official languages

  • Guidelines on the application of the definition of default

    These Guidelines harmonise the definition of default across the EU prudential framework and improve consistency in the way EU banks apply regulatory requirements to their capital positions. A detailed clarification of the definition of default and its application is provided in these Guidelines, which cover key aspects, such as the days past due criterion for default identification, indications of unlikeliness to pay, conditions for the return to non-defaulted status, treatment of the definition of default in external data, application of the default definition in a banking group and specific aspects related with retail exposures.

    Status: Final and translated into the EU official languages

  • Guidelines on early intervention triggers

    The Guidelines on the triggers for using early intervention measures (triggers for early intervention) ensure continuum between the on-going supervision conducted by national authorities in line with the CRD, and the Bank Recovery and Resolution Directive (BRRD). They aim at promoting convergence of supervisory practices in relation to how to apply early intervention measures.

    Status: Final and translated into the EU official languages

  • Guidelines on recovery plans indicators

    These Guidelines identify the minimum qualitative and quantitative indicators that institutions should include in their recovery plans. They have been developed within the framework established by the Bank Recovery and Resolution Directive (BRRD) for the recovery and resolution of credit institutions and investment firms.

    Status: Final and translated into the EU official languages

  • Guidelines specifying the various conditions for the provision of group financial support

    These Guidelines specify the various conditions for the provision of group financial support and aim to establish a clear harmonised legal framework to facilitate group support and to enhance legal certainty, despite existing legal obstacles. In addition, they will ensure adequate safeguards for financial stability are also maintained in relation to prudential requirements.

    Status: Final and translated into the EU official languages

  • Guidelines on simplified obligations

    These Guidelines define how EU authorities should assess whether an institution is eligible for simplified obligations. They are part of the EBA’s work to promote convergence of practices between competent and resolution authorities across the EU.

    Status: Final and translated into the EU official languages

  • Joint Guidelines for the prudential assessment of acquisitions of qualifying holdings

    These proposed joint Guidelines define common procedures based on the assessment criteria laid down in the EU legislative framework that establishes how acquisitions and increases of qualifying holdings by natural or legal persons in financial institutions should be assessed. They also develop further the assessment process defined in the EU legislative framework and aim to harmonise supervisory practices in the financial sector across the EU to provide more clarity to proposed acquirers on how they should notify the competent supervisory authorities.

    Status: Final and translated into the EU official languages

  • Guidelines on passport notifications for credit intermediaries

    Article 32 of the Mortgage Credit Directive (MCD) provides that passport notifications will need to be exchanged between national authorities competent for the registration and/or supervision of mortgage credit intermediaries across the EU Member States. The EBA Guidelines formalise the notification process between the national authorities in the home and host Member States. They will ensure that information on the provision of services and the establishment of branches, as well as on the transmission of notifications, the registrations, and the notifications of changes is shared consistently across the EU. The Guidelines also include template notification forms for exercising the freedom to provide services and freedom of establishment, as foreseen in Article 32 of the MCD. The Guidelines apply from 21 March 2016, the transposition date of the MCD.

    Status: Final and translated into the EU official languages

  • Guidelines on arrears and foreclosure

    The Mortgage Credit Directive (MCD) provides in Article 28 that Member States shall adopt measures to encourage creditors to exercise reasonable forbearance with consumers in arrears before they initiate foreclosure proceedings . These Guidelines support the national implementation by Member States of the forthcoming MCD. They will ensure that consumers are protected consistently across the European Union when interacting with creditors. The Guidelines establish requirements for verifying consumers’ income, documenting and retaining information, identifying and preventing misrepresented information, assessing consumers’ ability to meet their obligations under the credit agreement, considering allowances for consumers’ committed and other non-discretionary expenditures, as well as allowances for potential future negative scenarios. The Guidelines apply from 21 March 2016, the transposition date of the MCD.

    Status: Final and translated into the EU official languages

  • Guidelines on creditworthiness assessment

    The Mortgage Credit Directive (MCD) requires, in Articles 18 and 20(1), that creditors assess consumers’ creditworthiness before concluding credit agreements for immovable residential properties. These Guidelines support the national implementation by Member States of the forthcoming MCD. They will ensure that consumers are protected consistently across the European Union when interacting with creditors. The Guidelines establish requirements in terms of policies and procedures for the early detection and handling of payment difficulties including staff training, engagement with consumers, provision of information and assistance to consumers, resolution process and documentation of dealings with consumers and retention of records. The Guidelines apply from 21 March 2016, the transposition date of the MCD.

    Status: Final and translated into the EU official languages

  • Guidelines on payment commitments

    These guidelines lay down the requirements that will secure reliable funding for the Deposit Guarantee Scheme (DGS) and clarify the prudential treatment of payment commitments, so as to ensure they are technically sound and implemented in a consistent way across the Single Market.

    Status: Final and translated into the EU official languages

  • Guidelines on methods for calculating contributions to Deposit Guarantee Schemes (DGSs)

    These Guidelines set principles and specify necessary elements for calculating risk-based contributions to Deposit Guarantee Schemes (DGSs). They foster convergence in contributions practices across the EU and promote level playing field for banks within the Single Market. In addition, the Guidelines offer a comparable basis for assessing progress in convergence when reviewing the framework of DGS contributions in 2017.

    Status: Final and translated into the EU official languages

  • Guidelines on failing or likely to fail

    The Guidelines on the circumstances under which an institution shall be considered as ‘failing or likely to fail’ (triggers for resolution) ensure continuum between the on-going supervision conducted by national authorities in line with the CRD, and the Bank Recovery and Resolution Directive (BRRD). They aim at promoting convergence of supervisory and resolution practices in relation to how resolution should be triggered.

    Status: Final and translated into the EU official languages

  • Guidelines on necessary services

    The Guidelines on necessary services aim at fostering convergent practices among Member States’ resolution authorities by giving comprehensive guidance on which circumstances resolution authorities should assess when taking their decisions. They define, in particular, a minimum list of necessary ‘critical’ services that the resolution authority may require from the institution under resolution.

    Status: Final and translated into the EU official languages

  • Guidelines on the sale of business tool

    The Guidelines on the sale of business tool aim at fostering convergent practices among Member States’ resolution authorities by giving comprehensive guidance on which circumstances resolution authorities should assess when taking their decisions. They specify, in particular, when authorities may deviate from certain marketing requirements for the sale of the business of an institution under resolution.

    Status: Final and translated into the EU official languages

  • Guidelines on the asset separation tool

    The Guidelines on the asset separation tool aim at fostering convergent practices among Member States’ resolution authorities by giving comprehensive guidance on which circumstances resolution authorities should assess when taking their decisions. In particular, they give guidance on assets that may be transferred under the asset separation tool.

    Status: Final and translated into the EU official languages

  • Recommendation on the equivalence of confidentiality regimes

    This Recommendation specifies the EBA's opinion on the confidentiality regime of several non-EU supervisory authorities to facilitate their participation in supervisory colleges overseeing international banks, led by EU supervisors. The paper looks at the conditions that need to be met in terms of confidentiality requirements and gives an overview of equivalence to EU standards.

    Status: Final and translated into the EU official languages

  • Guidelines on limits on exposures to shadow banking

    These Guidelines propose the criteria to set limits on EU institutions’ exposures to shadow banking entities. It lays out a qualitative approach for institutions to develop their internal policies for monitoring and setting appropriate limits, both at individual and aggregate levels. These Guidelines will also help inform the Commission’s work in relation to its report on the appropriateness and impact of imposing limits on exposures to shadow banking entities under Article 395(2) of the Capital Requirements Regulation (CRR).

    Status: Final and translated into the EU official languages

  • Guidelines on standardised fee terminology for payment accounts in the EU

    These Guidelines are the first step towards developing standardised terminology across the EU and are developed in accordance with the EU Payment Accounts Directive. They will guide Competent Authorities (CAs) in EU Member States in the development of provisional lists of the most representative payment accounts services that are subject to a fee. EU competent authorities at national level will now be required to establish a provisional list of the most representative services of a payment account that are subject to a fee and offered by at least one Payment Service Provider (PSP) in their own jurisdictions.

    Status: Final and translated into the EU official languages

  • Guidelines on the use of Credit Ratings by Financial Intermediaries

    These Guidelines are to be developed by the Joint Committee of the European Supervisory Authorities (ESAs). The discussion paper presents a set of questions to banks and other financial institutions and ‎intermediaries concerning their reliance on credit ratings in their contractual practice that is outside of the cases in which reliance on ratings is required by the existing regulatory framework. The responses will be used by the Joint Committee together with an independent study carried out by one of the most authoritative academics in the field to present in Q2 2015 a first draft of possible alternatives to credit ratings.

    Status: Under development

  • Guidelines for cross-selling practices

    MiFID II mandated European Securities and Markets Authority (ESMA), in cooperation with the European Banking Authority (EBA) and European Insurance and Occupational Pensions Authority (EIOPA), to develop Guidelines for the assessment and the supervision of cross-selling practices. In order to take into account the cross-sectoral implications of this mandate, the three European Supervisory Authorities (ESAs) published the draft Guidelines under the auspices of the Joint Committee, and did so by widening the scope such that they consistently cover cross-selling practices in all three sectors. Following the joint consultation, several concerns were raised as to the ESAs’ ability to address cross-selling in a way that is compatible with related provisions in other Level 1 legislation, such as the Mortgage Credit Directive and the Payment Accounts Directive. Therefore, the Joint Committee decided not to issue final joint Guidelines, and for ESMA instead to issue its ESMA-only Guidelines covering only the investment sector. In addition, the three ESAs sent a letter to the European Commission asking the co-legislator to address the differences in the existing legislation and to ensure that the ESAs can regulate cross-selling practices in a consistent way across the three sectors, for the benefit of consumers, financial institutions, and supervisory authorities.

  • Guidelines on the rate of conversion of debt to equity in bail-in

    These Guidelines clarify when and how different conversion rates from debt to equity should be set for different types of liability. They propose the criteria that resolution authorities need to take into account when setting conversion rates, and in particular how they should take account of valuation information.

    Status: Final and translated into the EU official languages

  • Guidelines on the treatment of shareholders in bail-in

    These Guidelines clarify the circumstances which should guide the choice between cancellation and severe dilution of existing shares (or other instruments of ownership) when applying the bail-in tool or the write down or conversion of capital instruments power provided for in the BRRD.

    Status: Final and translated into the EU official languages

  • Recommendation to the Bulgarian National Bank and the Bulgarian Deposit Insurance Fund

    In this Recommendation, the Bulgarian National Bank (BNB) is recommended to ensure that depositors of Corporate Commercial Bank AD (KTB) and Commercial Bank Victoria EAD (VCB) have access to deposits (protected under the Deposit Guarantee Schemes Directive) by 21 October 2014.

    Status: Final and translated into the EU official languages

  • Guidelines on internet payments security

    The Guidelines on the security of internet payments are based on the recommendations of the European Forum on the Security of Retail Payments (SecuRe Pay), a voluntary cooperative initiative set up by the ECB and comprising relevant authorities from the European Economic Area (EEA) with the aim of facilitating understanding of issues related to the security of electronic retail payment services.

    Status: Final and translated into the EU official languages

  • Guidelines on treatment of liabilities in bail-in

    These Guidelines clarify the interrelationship between the sequence in which liabilities should be written down or converted when the bail-in power introduced by the Bank Recovery and Resolution Directive (BRRD) is used, and the hierarchy of capital instruments in the Capital Requirements Regulation (CRR). This is the first of several EBA regulatory mandates under the BRRD which aim to ensure that bail-in power is an effective way of absorbing losses and recapitalising banks in resolution and that resolution authorities and other stakeholders have a clear understanding of the terms under which it should be applied.

    Status: Final and translated into the EU official languages

  • Guidelines on the types of tests, reviews or exercises that may lead to support measures

    These Guidelines specify the types of tests, reviews and exercises and provide details of the main features of such measures. They are part of the EBA’s work to promote the consistent and coherent approach to bank resolution across the European Union.

    Status: Final and translated into the EU official languages

  • Guidelines on criteria to to assess other systemically important institutions (O-SIIs)

    These Guidelines set forth common European criteria for the assessment of O-SIIs with the aim of striking the appropriate balance between a European framework ensuring a level playing field and comparability across the Union, on the one hand, and the need to take into consideration specificities of Member States' individual banking sectors, on the other.

    Status: Final and translated into the EU official languages

  • Guidelines on measures to reduce or remove impediments to resolvability

    These Guidelines complement the EBA technical standards on resolution planning and resolvability assessment by setting out the circumstances under which resolution authorities can impose measures to overcome obstacles to resolvability identified by the assessment.

    Status: Final and translated into the EU official languages

  • Guidelines for common procedures and methodologies for the supervisory review and evaluation process (SREP)

    The Guidelines for common procedures and methodologies for the supervisory review and evaluation process (SREP) will be applied in the supervision of all institutions across the Union and represent a major step forward in forging a consistent supervisory culture across the single market. These Guidelines provide a common framework for the work of supervisors in their assessment of risks to banks’ business models’, their solvency and liquidity.

    Status: Final and translated into the EU official languages

  • Guidelines on harmonised definitions and templates for funding plans of credit institutions

    These Guidelines propose harmonised definitions and templates for funding plans of credit institutions, with the objective of ensuring consistency in the way the reporting of funding plans is conducted.

    Status: Final and translated into the EU official languages

  • Guidelines on materiality, proprietary and confidentiality and on disclosure frequency

    The Guidelines on materiality, proprietary and confidentiality and on disclosure frequency, detail the information that institutions in the EU banking sector should disclosed under Part Eight of Regulation (EU) No 575/2013 (Capital Requirements Regulation - CRR). These guidelines have been merged into one single document and cover how institutions should apply materiality, proprietary and confidentiality in relation to the disclosure requirements. They are part of the work of the EBA aimed at enhancing transparent and consistent information disclosure in the EU banking sector.

    Status: Final and translated into the EU official languages

  • Guidelines on the remuneration benchmarking exercise

    These Guidelines are meant to increase the consistency of information collected on the remuneration practices of credit institutions and investment firms in order to benchmark remuneration trends. As requested by the Capital Requirements Directive, national competent authorities shall collect the information and benchmark remuneration trends at national level while the EBA is in charge of performing the benchmarking at European level. The updates to these Guidelines, which had originally been published on 27 July 2012, follow on from changes in reporting requirements as laid down in the Capital Requirements Directive and Regulation (CRDIV and CRR).

    Status: Final and translated into the EU official languages

  • Guidelines on the data collection exercise regarding high earners

    These Guidelines are meant to increase the consistency of information collected on the number of individuals per credit institution in pay brackets of at least 1 million Euros. As requested by the Capital Requirements Directive, national competent authorities shall collect such information for all credit institutions and the EBA shall disclose the data collected on an aggregate home Member State basis. The updates to these Guidelines, which had originally been published on 27 July 2012, follow on from changes in reporting requirements as laid down in the Capital Requirements Directive and Regulation (CRDIV and CRR).

    Status: Final and translated into the EU official languages

  • Guidelines on retail deposits subject to different outflows for the purposes of liquidity reporting

    These Guidelines will set the criteria for determining the conditions of application of the Capital Requirements Regulation (CRR) provisions related to the identification of retail deposits subject to different outflows than those specified in the CRR. The Guidelines will also specify the definitions of those deposits and the appropriate outflows for the purposes of liquidity reporting.

    Status: Final and translated into the EU official languages

  • Guidelines on the convergence of supervisory practices relating to the consistency of supervisory coordination arrangements for financial conglomerates

    The Guidelines on the convergence of practices aimed at ensuring consistency of supervisory coordination arrangements for financial conglomerates will enhance the level playing field in the financial market and reduce administrative burdens for firms and supervisory authorities. Their objective is to clarify and enhance cooperation between national competent authorities on cross-border groups that have been identified as financial conglomerates.

    Status: Final and translated into the EU official languages

  • Guidelines on disclosure of encumbered and unencumbered assets

    The Guidelines on disclosure of encumbered and unencumbered assets aimed at providing transparent and harmonised information on the subject across EU Member States.

    Status: Final and translated into the EU official languages

  • Guidelines on significant risk transfer (SRT) for securitisation transactions

    These Guidelines aim to ensure harmonised assessment and treatment of significant risk transfer (SRT) across all EU Member States. They have been produced according to article 243 or article 244 of the Capital Requirements Regulation (CRR) and apply to both originator institutions and competent authorities.

    Status: Final and translated into the EU official languages

  • Mechanistic references to credit ratings in the ESAs’ guidelines and recommendations

    The Joint Committee of the European Supervisory Authorities (EBA, ESMA and EIOPA - ESAs) consults the public on the removal of mechanistic references to credit ratings in their guidelines and on the definition of sole and mechanistic reliance on such ratings.

    Status: Under development

  • Guidelines for complaints-handling for the securities (ESMA) and banking (EBA) sectors

    ESMA and the EBA are proposing to develop complaint handling guidelines for the investment and banking sectors that are identical to the existing EIOPA guidelines for the insurance sector. The objective is to provide EU consumers with a single set of complaints handling arrangements, irrespective of the type of product or service and of the geographical location of the firm in question. This will also allow firms to streamline and standardise their complaints handling arrangements and national regulators to supervise the same requirements across all sectors of financial services.

    Status: Final and translated into the EU official languages

  • Recommendation on the use of Legal Entity Identifier (LEI)

    This Recommendation on the use of the Legal Entity Identifier (LEI) requires all entities for which information is required under EU reporting obligations to obtain a pre-Legal Entity Identifier (pre-LEI) code for reporting purposes.

    Status: Final and translated into the EU official languages

  • Guidelines on the applicable notional discount rate for variable remuneration

    These Guidelines aim to set out the calculation of the discount rate for variable remuneration and clarify how the discount factor should be applied.

    Status: Final and translated into the EU official languages

  • Guidelines on capital measures for foreign currency lending

    These Guidelines on capital measures for foreign currency lending (FX lending) aimed at providing guidance to national competent authorities on how to deal with the specific risk of FX lending to unhedged borrowers as part of the Supervisory Review and Evaluation Process (SREP).

    Status: Repealed

  • Guidelines on the range of scenarios to be used in recovery plans

    These Guidelines aim at specifying the range of scenarios of severe macroeconomic and financial distress against which institutions shall test the impact and feasibility of their recovery plans. The recovery plans detail the arrangements which institutions have in place and the early action steps that would be taken to restore their long-term viability in the event of a material deterioration of financial situation under severe stress conditions. When the consultation was launched, there was an existing mandate in the Bank Recovery and Resolution Directive (BRRD) for the EBA to develop technical standards for the range of scenarios to be used by firms to test their recovery plans. During legislative process the mandate has been amended and the EBA was asked to develop Guidelines instead.

    Status: Final and translated into the EU official languages

  • Recommendation on the development of recovery plans

    The EBA adopted a formal Recommendation to ensure that major EU cross-border banks develop group recovery plans by the end of 2013. The plans shall be submitted to the respective competent authorities and discussed within colleges of supervisors. The aim of the Recommendation is to spur the development of recovery plans and to foster convergence on the highest standards across the Union.

    Status: Final and translated into the EU official languages

  • Recommendations on supervisory oversight of activities related to banks’ participation in the Euribor panel

    These Recommendations addressed to national supervisory authorities aim at setting consistent supervisory practices for the oversight of the Euribor submission process. They focus on strengthening the panel banks’ internal governance arrangements, including a code of conduct. The aim of this Recommendation is to improve the identification and management of conflicts of interest and of internal control arrangements, including audits, record keeping and comparison with actual transactions.

    Status: Final and translated into the EU official languages

  • Guidelines on the assessment of the suitability of members of the management body and key function holders

    These Guidelines set out the process, criteria and minimum requirements for assessing the suitability of members of the management body and key function holders. Their ultimate aim is to ensure robust governance arrangements and appropriate oversight. The Guidelines contain provisions to be followed by both credit institutions and competent authorities when assessing the suitability of all members of the management body and extend also to key function holders. Moreover, as financial and mixed financial holding companies have significant influence on their credit institutions, they are also included in the scope of the Guidelines.

    Status: Final and translated into the EU official languages

  • Guidelines on the Incremental Default and Migration Risk Charge (IRC)

    These Guidelines include provisions on the IRC modelling approaches employed by credit institutions using the Internal Model Approach (‘IMA’) for the calculation of the required capital for specific interest risk in the trading book. The incremental risk charge is intended to complement additional standards being applied to the value-at-risk (VaR) modelling framework in the trading book. These Guidelines are seen as an important means of addressing weaknesses in the regulatory capital framework and in the risk management of financial institutions.

    Status: Final and translated into the EU official languages

  • Guidelines on Stressed Value-At-Risk (Stressed VaR)

    These Guidelines include provisions on Stressed VaR modelling by credit institutions using the Internal Model Approach (IMA) for the calculation of the required capital for market risk in the trading book. These Guidelines are seen as an important means of addressing weaknesses in the regulatory capital framework and in the risk management of financial institutions.

    Status: Final and translated into the EU official languages

  • Guidelines on AMA extensions and changes

    These Guidelines aim at harmonising processes regarding the supervisory approval of such changes and to assist institutions using the Advanced Measurement Approach (AMA) to further develop their AMA models. The Guidelines provide institutions with guidance on how to communicate AMA extensions and changes to the competent authorities and on how to define internal policies for AMA changes in line with supervisory expectations. The Guidelines do not contain requirements regarding the modelling or risk management of institutions.

    Status: Final and translated into the EU official languages

  • Guidelines on Internal Governance

    The Guidelines consolidate and update former guidelines on Internal Governance and incorporate new chapters on the transparency of the corporate structure, the role, tasks and responsibilities of the supervisory function and on IT-systems and business continuity management. Their aim is to enhance and consolidate supervisory expectations and ultimately to improve the sound implementation of internal governance arrangements.

    Status: Final and translated into the EU official languages

  • Guidelines on Common Reporting – Revision 2 (2011)

    These Guidelines define 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). The objective is to achieve a high level of harmonization and a strong convergence of regular supervisory reporting requirements. This new version incorporates changes to the COREP templates to take account of the amendments to the Capital Requirements Directive, CRD III (Directive 2010/76/EU).

    Status: Final and translated into the EU official languages

  • CEBS Guidelines on the application of article 122a of the CRD

    These Guidelines set out the provisions for the application of Article 122a of the Capital Requirements Directive (CRD). In particular, They give guidance on the implementation of the retention clause by the originator, the sponsor or original lender and on the due diligence and risk management practices credit institutions are asked to carry out when investing in securitisation positions. Article 122a provides new requirements to be fulfilled by credit institutions when acting in a particular capacity, such as originator or sponsor, and also when investing in securitisations.

    Status: Final and translated into the EU official languages

  • Guidelines for the joint assessment and joint decision regarding the capital adequacy of cross-border groups

    The Capital Requirements Directive (CRD) requires that the consolidating supervisor and supervisors of subsidiaries involved in the supervision of an EEA cross-border banking group do everything within their power to reach a joint decision on the application of the Pillar 2 provisions related to the Internal Capital Adequacy Assessment Process (ICAAP) and to the Supervisory Review and Evaluation Process (SREP). These Guidelines provide concrete guidance on how to cooperate in the risk assessment process and on how to apply the CRD provisions regarding ICAAP, SREP and the prudential measures subject to the joint decision process. Their ultimate aim is to ensure closer convergence of supervisory practices with regard to the joint decision process, while providing some necessary flexibility for individual colleges.

    Status: Repealed

  • Guidelines on Remuneration Policies and Practices

    These Guidelines provide guidance on sound remuneration policies in the financial sector in order to facilitate the compliance to the remuneration principles included in the amended Annex V of the Capital Requirements Directive III.

    Status: Final and translated into the EU official languages

  • Revised Guidelines on the recognition of External Credit Assessment Institutions

    CEBS reviewed its Guidelines on the recognition of ECAIs to clarify that for Credit Rating Agencies (CRAs), which are registered under the Regulation on CRAs, the only criteria that should be assessed in the ECAIs’ initial recognition process and on-going review are the technical criteria on ‘Credibility and Market Acceptance’ and ‘Transparency and Disclosure’ with respect to their individual credit assessments.

    Status: Final and translated into the EU official languages

  • Guidelines regarding revised Article 3 of Directive 2006/48/EC

    These Guidelines provide clarity on the interpretation and guidance on the application of several aspects of Article 3 of Directive 2006/48/EC. Article 3 allows Member States to provide for special prudential regimes for all existing or future affiliated credit institutions which have been permanently affiliated to a central body and that meet the conditions defined in that Article.

    Status: Final and translated into the EU official languages

  • Guidelines on liquidity cost benefit allocation

    These guidelines aim at providing high-level guidance to credit institutions on the main elements to be considered when creating or reviewing adequate fund allocation mechanisms including liquidity cost, benefits and risks. The Guidelines propose a liquidity cost concept that includes not only direct funding costs, but also associated indirect costs such as liquidity contingency support.

    Status: Final and translated into the EU official languages

  • Guidelines on the management of operational risk in market-related activities

    The Guidelines introduce principles and implementation measures for the identification, assessment, control and monitoring of operational risk in market-related activities. In particular, they aims to highlight supervisory expectations relating to specific arrangements, procedures, mechanisms and systems in trading areas that could prevent or mitigate operational risk events.

    Status: Final and translated into the EU official languages

  • Guidelines on the management of concentration risk under the supervisory review process

    These Guidelines follow a holistic approach which aims at ensuring sound overall concentration risk management; this means that institutions are expected to identify and assess all aspects of concentration risk, moving further away from the traditional analysis related only to intra-risk concentration within the credit risk. The guidelines are structured into five major sections. The first provides the definition of concentration risk and its two-fold focus on intra- and inter-risk concentrations (Section 2). Section 3 deals with general principles for management of concentration risk while the Section 4 addresses aspects of concentration risk management specific to particular risk areas (credit, market, operational and liquidity risks) and Section 5 provides underpinnings for the supervisory review and evaluation.

    Status: Repealed

  • Revised Guidelines on Stress Testing

    These guidelines will assist institutions in understanding supervisory expectations of appropriate stress testing governance and infrastructure, and also cover the use of stress testing as a risk management tool. They provide high level guidance on how Stress Test could be conducted by institutions and assessed by supervisors, namely concerning desirable features relating to the scope, calibration, frequency, documentation or risks covered.

    Status: Final and translated into the EU official languages

  • Implementation Guidelines on large exposures exemptions for money transmission, correspondent banking, clearing and settlement and custody services

    These Guidelines provide further clarification on the criteria to be met to qualify money transmission, correspondent banking, clearing and settlement and custody services for an exemption from the large exposures rules. The Guidelines elaborate in particular on “types of services”, the definition of client activity and “life-span” of exposures. They are structured in two main parts, covering respectively Article 106(2) (c) and (d) of the Capital Requirements Directive.

    Status: Final and translated into the EU official languages

  • Guidelines for the operational functioning of colleges

    These guidelines aim at providing guidance for the operational functioning of colleges. In particular, they provide practical guidance to supervisors involved within a college on the different tasks they are asked to perform, including the process of setting up the college, the organisation of the exchange of information among college members and the communication with the management of the supervised institutions. They also complement the provisions set out in the Capital Requirements Directive (CRD), where necessary, so as to avoid inconsistencies and to promote convergence of practices across colleges.

    Status: Repealed

  • Guidelines on instruments referred to in Article 57(a) of the CRD

    These guidelines are in response to Article 63a (6) of the revised CRD (CRD II) that require CEBS to elaborate guidelines for the convergence of supervisory practices with regard to the instruments referred to in point (a) of Article 57. On the basis of these provisions, a set of 10 criteria has been developed for the assessment of capital instruments that may be included in original own funds without limit.

    Status: Final and translated into the EU official languages

  • Revised Guidelines on Supervisory Disclosure

    These revised Guidelines replace the Guidelines on supervisory disclosure published on 1 November 2005. They aim at setting up a framework to 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 Capital Requirements Directive (CRD). The framework is intended to make supervisory practices more transparent, to promote a level playing field and to contribute to the consistent implementation of the EU legislation.

    Status: Final and translated into the EU official languages

  • Guidelines on Common Reporting – Revision 1 (2010)

    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.

    Status: Repealed

  • Archive - CEBS Guidelines on operational risk mitigation techniques

    Status:

  • Guidelines on operational risk mitigation techniques

    These Guidelines provide guidance on the recognition of risk transfer instruments within the AMA. The Guidelines are structured in three main sections addressing first the general conditions that should be fulfilled for the recognition of operational risk mitigation instruments, both insurance contracts and Other Risk Transferred Mechanisms (ORTM). The following two sections analyse the specific conditions for the use of insurance (eligibility of protection providers, characteristics of the products, haircuts for uncertainty of coverage) and for the use of ORTM.

    Status: Final and translated into the EU official languages

  • Guidelines for the implementation of the framework for consolidated financial reporting (FINREP) – Revision 2 (2009)

    These Guidelines set out a framework for credit institutions to use the same standardised data formats and data definitions for prudential reporting. The objective is to 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. These revised guidelines formally replace the FINREP version published in 2007.

    Status: Final and translated into the EU official languages

  • Guidelines on the revised large exposures regime

    These Guidelines aim at ensuring an harmonised application of the revised large exposures regime regarding the definition of "connected clients", in particular with reference to the concepts of "control" and "economic interconnection".

  • Guidelines on common reporting of large exposures

    These Guidelines include common reporting templates and guidance in relation to large exposures reporting. They are included in the COREP framework so as to ensure a unified European reporting system. Thereafter, large exposures reporting will be based on the same standards (i.e. frequency, remittance dates, formats and platform) as the other COREP data. The development of the templates was undertaken on the same basis as the COREP framework, i.e. to identify the items to be reported on a “need-to-know”-basis.

    Status: Repealed

  • Guidelines for Hybrid Capital Instruments

    These Guidelines aims to promoting the convergence of supervisory practices with regard to hybrid instruments by setting out minimum requirements for the inclusion of those instruments in original own funds, hence enhancing the quality of own funds. The Guidelines are structured into five main parts covering permanence, flexibility of payments, loss absorbency, limits and Special Purpose Vehicles (SPVs).

    Status: Final and translated into the EU official languages

  • Guidelines for Passport Notifications for credit institutions

    These Guidelines facilitate the efficient and on-going supervision of credit institutions that provide their services or perform their activities, throughout the European Union, either through the establishment of a branch or the free provision of services. They address co-operation and exchange of information between the competent supervisory authorities and call for the harmonisation of documents exchanged.

    Status: Repealed

  • Joint Guidelines for the assessment of mergers and acquisitions

    These Guidelines adopted by CEBS, CESR, and CEIOPS define cooperation arrangements in order to ensure an adequate and timely flow of information between supervisors. They also establish an exhaustive and harmonized list of information that proposed acquirers should include in their notifications to the competent supervisory authorities.

    Status: Final and translated into the EU official languages

  • Draft Guidelines on M&A

    Status:

  • Guidelines on Impact Assessment for EU Lamfalussy Level 3 Committees

    These Guidelines have been developed as a practical tool to ensure the effective use of impact assessment within the three Lamfalussy Level 3 Committees (CESR, CEBS and CEIOPS). The Guidelines presents practical steps to deliver effective impact assessments and are consistent with the European Commission's approach to better regulation and, specifically, with the EC's own Guidelines on impact assessment.

    Status: Final and translated into the EU official languages

  • 3L3 08 01

    The Committee of European Banking Supervisors (CEBS) and the Committee of European Insurance and Occupational Penstions (CEIOPS) - through the Interim Working Committee on Financial Conglomerates (IWCFC) are publishing today the formal consultation on its advice to the European Commission (EC) on recommendations for action that the IWCFC considers appropriate to address the consequences of the differences in sectoral rules on eligible capital for the supervision of financial conglomerates. The advice forms the conclusion to its previous reports analysing the existence and impact of the sectoral differences published in January and August 2007

    Status:

  • 3L3 Medium Term Work Programme

    The Committee of European Banking Supervisors (CEBS) and the Committee of European Insurance and Occupational Penstions (CEIOPS) - through the Interim Working Committee on Financial Conglomerates (IWCFC) are publishing today the formal consultation on its advice to the European Commission (EC) on recommendations for action that the IWCFC considers appropriate to address the consequences of the differences in sectoral rules on eligible capital for the supervision of financial conglomerates. The advice forms the conclusion to its previous reports analysing the existence and impact of the sectoral differences published in January and August 2007

    Status:

  • Guidelines for the implementation of the framework for consolidated financial reporting (FINREP) – Revision 1 (2007)

    These Guidelines set out a framework for credit institutions to use the same standardised data formats and data definitions for prudential reporting. The objective is to 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. These revised guidelines formally replace the FINREP version published in 2006.

    Status: Final and translated into the EU official languages

  • Draft Impact 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.

    Status:

  • Guidelines for the implementation of the framework for consolidated financial reporting (FINREP) – Recast (2006)

    These Guidelines set out a framework for credit institutions to use the same standardised data formats and data definitions for prudential reporting. The objective is to 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. These revised guidelines formally replace the FINREP version of December 2005.

    Status: Final and translated into the EU official languages

  • Guidelines on Stress Testing

    These Guidelines provide high level guidance on how Stress Test could be conducted by institutions and assessed by supervisors, namely concerning desirable features relating to the scope, calibration, frequency, documentation or risks covered. As reviewing Pillar 1 risks is part of the supervisory review process, this paper reflects also interactions with relevant provisions regarding Pillar 1. The Guidelines provide additional technical guidance to complement the Guidelines on the Supervisory Review Process issued in January 2006 in the area of stress testing.

    Status: Repealed

  • Guidelines on outsourcing

    The Guidelines aim at promoting an appropriate level of convergence in supervisory approaches to outsourcing. The Guidelines are based on current supervisory and market practices and also take into account international and European developments in the field of outsourcing.

    Status: Final and translated into the EU official languages

  • Guidelines on Common Reporting – Recast (2006)

    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.

    Status: Repealed

  • Guidelines on Technical aspects of the management of interest rate risk arising from non-trading activities under the supervisory review process

    These Guidelines set out high-level guidance, addressed to both credit institutions and investment firms and to supervisors, related to interest rate risk arising from non-trading activities. The paper sets out (i) guidance on what the supervisors should expect to see in the ICAAP in relation to the interest rate risk, and (ii) the corresponding guidance to supervisors in conducting SREP in relation to the ICAAP. The guidelines also define a “standard shock” required for the assessment of institutions’ resilience to interest rate changes.

    Status: Repealed

  • Guidelines on the implementation, validation and assessment of Advanced Measurement (AMA) and Internal Ratings Based (IRB) Approaches

    These Guidelines aim at providing guidance on what supervisors should take into account when assessing an application from an institution to use the Internal Ratings Based (IRB) or Advanced Measurement (AMA) approaches for regulatory purposes. The objective is to streamline the approval process, especially for cross-border groups, and to contribute to a level-playing field for institutions using the more advanced risk measurement approaches.

    Status: Final and translated into the EU official languages

  • Guidelines on the Application of the Supervisory Review Process under Pillar 2

    These Guidelines set out guidance on the application of supervisory review and evaluation process and aimed both at institutions by providing details regarding organising internal governance and ICAAP processes, and supervisors by specifying principles and features of supervisory review and evaluation process and supervisory risk assessment systems. The Guidelines also outline the fundamental principles of ICAAP-SREP dialogue between the institutions and their supervisors.

    Status: Repealed

  • Guidelines for cooperation between consolidating supervisors and host supervisors

    These guidelines are designed to promote an efficient supervisory framework for groups that operate in several EU jurisdictions and, in particular, at enhancing cooperation between consolidating supervisor and host supervisors. They contain sections on general cooperation, distinguishing between subsidiaries and branches, and guidance related, among other things, to the approval process of model validation. These guidelines are the starting point of substantial developments in the supervision of cross –border groups and have let to the establishment of operational network mechanisms.

    Status: Repealed

  • Guidelines on the recognition of External Credit Assessment Institutions

    These guidelines set a common approach to the recognition of External Credit Assessment Institutions (ECAIs) under the Capital Requirements Directive (CRD) and they establish procedures for recognising both local and cross-border ECAIs. These procedures include a “joint assessment process” which streamlines the recognition of cross-border ECAIs, thereby enhancing supervisory efficiency and reducing administrative burdens for institutions and ECAIs.

    Status: Repealed

  • Guidelines on Common Reporting (2006)

    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.

    Status: Repealed

  • Guidelines for the implementation of the framework for consolidated financial reporting (FINREP) (2005)

    These Guidelines set out a framework for credit institutions to use the same standardised data formats and data definitions for prudential reporting. The objective is to 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.

    Status: Final and translated into the EU official languages

  • Guidelines on Supervisory Disclosure

    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.

    Status: Repealed

  • Guidelines on prudential filters for regulatory capital

    These guidelines put forward prudential filters for the case of institutions that apply IFRS for prudential purposes in order to avoid any unwanted impacts in regulatory own funds.

    Status: Final (awaiting translation into the EU official languages)