For those interested in bank leverage, the European Commission announced a Public Hearing on liquidity coverage requirement and the leverage ratio.

The EC “will be hosting a public hearing on 10th March 2014 on the delegated acts on liquidity coverage requirement and leverage ratio under Regulation (EU) No 575/2013 (the CRR). The hearing will be open to representatives from trade associations and firms and to other interested parties from the public.”

The hearing

Regarding the leverage ratio, the CRR mandated the Commission to adopt the delegated act to amend the capital measure and the total exposure measure of the leverage ratio referred to in Article 429(2) in accordance with article 456(1)(j) of the CRR.

Purpose of the hearing will be to gather preliminary views from interested parties on a number of important issues underpinning the development of the delegated act. The Commission anticipates the agenda will include the potential amendments to the CRR text in the light of the (forthcoming) EBA report on the Leverage Ratio and the revised Basel text.

The hearing will have a presentation/open forum type format at which the Commission will receive short statements from interested parties in response to some preliminary orientations from the Commission representatives. This format will not be conducive to extensive statements or presentations but will allow your representative(s) to get a sense of the debate and a first opportunity to react.

Written comments

The Commission will be accepting submissions in writing from interested parties as a follow up to the hearing and, if useful, the Commission will consider organising a further hearing to revisit some of the more complex issues.

The deadline for subsequent written submissions will be 31 March 2014.

If you would like to attend, please: register your interest by using this form.

Attendance will be limited to a maximum of two representatives per organisation. Registration deadline: 3 March 2014