International Regulatory Updates
MAY 24, 2011
I- Background
In June 2010 CESR published guidance on the registration process and related issues (CESR/Ref. 10- 347), as required by Article 21 (2) of Regulation (EC) No 1060/2009. CESR‟s Guidance (the “CESR Guidance”) also dealt with the endorsement regime allowing the distribution and ...
MAY 24, 2011
ESMA issues today its Guidelines on endorsement (ESMA/2011/139) in a Final Report, including a Feedback Statement.
The Guidelines address how ESMA will implement the “as stringent as” test for credit ratings produced outside the European Union, in what are named “third countries”. These c ...
MARCH 18, 2011
Read full EBA EU-Wide Stress Test. ...
MARCH 18, 2011
Introduction
The European Banking Authority (EBA) was established on 1 January 2011 with a broad remit that includes safeguarding the stability of the EU financial system. The EBA is required, in cooperation with the European Systemic Risk Board (ESRB), to initiate and coordinate Union-wide str ...
MARCH 18, 2011
The European Banking Authority (EBA) today published documents explaining the scenarios and methodology for its 2011 EU-wide stress test, which will be applied on a wide sample of European banks covering over 60% of total EU banking assets.
The EU-wide stress test is a supervisory tool designed t ...
MARCH 18, 2011
This annex introduces the reference risk parameters for the market risk component of the stress-testing exercise. The stress test of the trading book requires banks to project the gains and losses on the trading book positions resulting from a broad-based financial market downturn that affects a bro ...
MARCH 18, 2011
MARCH 18, 2011
1. Design of the adverse scenario
This appendix describes the adverse global macroeconomic scenario to be used for the 2011 EU-wide stress test exercise. The scenario covers the horizon 2011-12, and the assumptions used and the main results are presented in terms of deviation of macroeconomic var ...
MARCH 03, 2011
The EBA's Board of Supervisors, the principal decision-making body of the Authority, composed of 27 voting members, one from each EU Member State, selected today Adam Farkas to serve as the first Executive Director of the EBA, subject to confirmation by the European Parliament. The Executive Directo ...
