The EBA just published the results of the 2016 transparency exercise. Yay! The EBA decided to deliver on its promise to present more detailed data of individual banks. (I hope the EBA now forgives me for posting a critical note on their bank disclosure plans earlier this year.) I toyed a bit with the data… Read More Sovereign Holdings by EU Banks
This week we saw some evidence that may point to a rift between the Dutch finance minister Jeroen Dijsselbloem and the Dutch central bank (DNB). It has to do with Basel IV. This is an important regulatory push to harmonise bank supervision rules. About a year ago, the European Commission and European Bank supervisors started a… Read More Dutch Supervision Culture and Basel IV
The European Banking Authority (EBA) published today its detailed annual work programme for 2017, describing the specific activities and tasks of the Authority for the coming year, as well as a multiannual work programme, highlighting the key strategic areas of work in the coming years (from 2017 to 2020). As a researcher, I am interested… Read More EBA lowers its bank data sharing ambitions – dramatically
The European Banking Authority (EBA) launched a consultation on a set of Guidelines on regulatory disclosure requirements following 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… Read More My contribution to the EBA Guidelines on disclosure requirements consultation
Of course there is the EBA Single Rulebook, an important site that offers answers to questions on bank regulation. However, to me the site looks top-down and may offer only legal answers with sparse context. Hence my initiative to start a more interactive site on bank regulation. One that can offer context where regulators cannot offer that.… Read More Questions on bank regulation: Area 51 on StackExchange.
Shortly after the publication of the 2016 EBA stress test results, Viral Acharya, Diane Pierret, and Sascha Steffen (APS) presented a paper that identifies capital shortfalls that are significantly larger than EBA’s shortfall calculations reveal. Reuters quickly picked up the highlight of the paper: “Using the Fed’s approach, the 51 European banks showed a total… Read More Are the EU bank capital shortfalls really that bad?
Please find here the EBA 2016 stress test data in a handy format that allows quick comparison with data of the 2015 Transparency exercise. This allows you to compare data from December 2014 to December 2015. I stuck to only the data from the “Other” template, but it does cover all scenarios. I replaced variable… Read More The EBA Stress Test Data in Handy Format
With the EBA stress test out soon, here is a file that presents the “Other Templates.csv” sheet from last year’s EBA transparenc exercise in a neat Stata (version 12) file. Click here for the Stata file. Time and data permitting I will convert similar data form the stress test asap in one file so that… Read More To facilitate comparisons – EBA’s 2015 ‘other’ transparency data
This week, Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, updated us on his Ending Too Big to Fail (TBTF) initiative. Update or U-turn? The update is remarkable. Neel has dramatically lowered his ambitions. I now really wonder if Neel will push ahead. Neel’s first speech on ending TBTF, given on February 16, considers… Read More Did Neel Kashkari just can his Ending Too Big to Fail Initiative?
This week, the EBA and BCBS published the Basel III monitoring results. They show a further improvement of European banks’ capital positions, largely fulfilling the future regulatory capital requirements, with only a very small number of banks suffering from potential capital shortfalls. I found Figure 9 of the EBA report interesting. It shows the evolution… Read More That feeling when you notice that EU leverage ratio requirements are at risk