EBA advises Europe to overturn Basel III rule on unrealized gains

Among the many publications that the EBA posted on its website last week, the Technical advice to the Commission (EC) on the treatment of unrealized gains deserves attention. Not only because of its content, but also because of the clarity, depth, and breadth of covering the issue of unrealized gains. Here is the context: EBA’s advice […]

Even better: EBA presents its EU-wide Transparency Exercise Results

Adding to my backlog of actions to comment on, EBA parcels out one interesting feature after the other. It just posted the results of the EU-wide transparency exercise. It provides updated information on the European banks that were part of the recapitalisation exercise in 2012. The information covers data on banks’ composition of capital, composition […]

Excellent: EBA publishes final draft technical standards on own funds

Having worked hard and diligently: the European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on own funds (=regulatory capital) ‘Part three’, which set out criteria to deduct indirect and synthetic holdings, to define broad market indices, and to calculate minority interest. On deduction of indirect and synthetic holdings: to achieve […]

Jay, EBA publishes report on bank transparency

The European Banking Authority (EBA) published today a follow-up disclosure review for by 19 European banks. This is a Pillar 3 requirement, set out in the EU Capital Requirements Directive (CRD II). Even with the extensive Basel III disclosure requirements ahead, EBA notices that there is still room for improvement. In fact, there was no […]

BOE Announces its Position on Capital under CRR IV

Last week BOE’s Prudential Regulation Authority presented its Statement on Strengthening capital standards; which provides clarity on bank capital rules after the consultation of August last year. It was about time, given that the new capital rules under CRR IV enter into force in about one month from now. With a 7% CET1 requirement, the BOE presents a […]