EBA consults on draft Technical Standards to determine the overall exposure to a client or a group of connected clients in respect of transactions with underlying assets

The European Banking Authority launches a consultation paper on draft Regulatory Technical Standards (RTS) to define the conditions and methodologies used to determine the overall exposure to a client or group of connected clients resulting from a transaction with underlying assets and the risks inherent in the structure of the transaction itself. The consultation runs until 16 August 2013.

http://eba.europa.eu/News–Communications/Year/2013/EBA-consults-on-draft-Technical-Standards-to-deter.aspx

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EIOPA public consultation on Guidelines for Solvency II

EIOPA has launched a public consultation on Guidelines related to the preparation for Solvency II. The purpose of the Guidelines is to support both National Competent Authorities and undertakings in their preparation for the Solvency II requirements.

https://eiopa.europa.eu/fileadmin/tx_dam/files/pressreleases/2013-03-27_Solvency_II_Guidelines.pdf

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Basel Committee on the audits of banks

Basel Committee publishes for consultation supervisory guidance on external audits of banks.

Read more http://www.bis.org/press/p130321.htm

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EBA publishes 2012 Consumer Trends Report

The European Banking Authority (EBA) has published its annual report on consumer trends which provides an overview of the consumer protection analysis carried out by the EBA.

The report details supervisory concerns regarding consumer protection issues .

Issues identified in the report are -

• Indebtedness and responsible credit;
• Transparency and levels of charges;

The scope of mis-selling of financial products resulting from a combination of pressures on institutions and the continuing challenges for consumers in understanding the suitability of products for them; Specific issues concerning certain products – notably foreign currency loans, payment protection insurance and complex products; Security of new technologies used for banking services; and Emerging new forms of liquidity raising.

http://eba.europa.eu/News–Communications/Year/2013/EBA-publishes-2012-Consumer-Trends-Report.aspx

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EBA update on the technical standards on supervisory reporting requirements

The EBA has published an updated version of the templates, instructions, validation rules and data point model for implementing technical standards (ITS) on supervisory reporting (COREP and FINREP). The objective of this updated version is to facilitate credit institutions’ timely preparation for the implementation of the harmonised reporting requirements.

http://eba.europa.eu/News–Communications/Year/2013/Update-on-the-technical-standards-on-supervisory-r.aspx

 

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ESMA Guidelines on ETFs and other UCITS issues

ESMA has published Guidelines on ETFs and other UCITS issues

http://www.esma.europa.eu/system/files/esma_en_0.pdf

 

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EBA consults on EU technical standards for recovery plans

The European Banking Authority (EBA) issued a consultation on Draft Regulatory Technical Standard (RTS) on the content of recovery plans. In doing so the EBA starts the preparatory work for the implementation of the Recovery and Resolution Directive (RRD) currently discussed by the EU legislators. The consultation runs until 11 June 2013.

These RTS will contribute to the European Single Rulebook in banking and aim at enhancing financial stability and minimising the probability of banks’ failure.

http://eba.europa.eu/News–Communications/Year/2013/EBA-consults-on-technical-standards-for-recovery-p.aspx

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