EBA欧洲银行-28EBA-2016-D-9472920Letter-to-Mr-Guersent-FISMA-re-EBA-Report-on-the-review-of-large-exposure-regime_1页_96kb

EBA Report on the Review of the Large Exposures Regime

Core Content

This document is the EBA Report on the Review of the Large Exposures Regime, submitted in response to a call for advice from the European Commission on 26 April 2016. The report is part of the Capital Requirements Regulation (CRR) review process and aims to evaluate the implications of aligning the EU's large exposures framework with the Basel Committee on Banking Supervision standards.

The report is structured into three main sections, each addressing different aspects of the large exposures regime:

Section 1: Alignment with Basel Committee Standards

• This section examines the impact of aligning certain aspects of the EU large exposures regime with the Basel Committee's standards.
• It provides an analysis of the potential consequences of such alignment on financial institutions, market stability, and regulatory coherence.
• The EBA evaluates how these changes could affect the risk management practices of banks and the overall resilience of the financial system.

Section 2: Removal of Five Exemptions

• The second section assesses the use and potential impact of removing five exemptions from the large exposures regime.
• These exemptions are related to specific types of exposures and particular counterparties.
• The EBA considers how the removal of these exemptions might increase transparency, reduce systemic risk, and enhance the effectiveness of the regime in preventing excessive concentration of risk.

Section 3: Other Aspects Requiring Further Work

• The third section outlines the EBA's views on other areas of the large exposures framework that need additional attention or development.
• These include technical details, implementation challenges, and potential enhancements to the current rules.
• The EBA emphasizes the importance of continuous review and adaptation to ensure the regime remains relevant and effective in a changing financial landscape.

Key Information

• Date of Submission: 24 October 2016
• Recipient: Olivier Guersent, Director General, Directorate-General Financial Stability, Services and Capital Markets Union (FISMA), European Commission
• Author: Andrea Enria, Chairperson of the European Banking Authority (EBA)
• Contact Information:
  • Address: Floor 46, One Canada Square, London E14 5AA, United Kingdom
  • Phone: +44[0] 2073821770
  • Direct Line: +44[0] 2073821765
  • Email: andrea.enria@eba.europa.eu
• Report Title: EBA Report on the Review of the Large Exposures Regime
• Report Number: EBA/2016/D/947
• CC: The report is copied to several officials within the DG FISMA of the European Commission, including:
  • Martin Merlin, Director
  • Dominique Thienpont, Legal Counsellor to Director D
  • Klaus Wiedner, Head of Unit D1
  • Kai Spitzer, Deputy Head of Unit D1
  • Giulia Bertezzolo, Policy Expert Unit D1

Main Views

• The EBA supports the alignment of the EU large exposures regime with Basel standards, as it can lead to greater consistency and enhanced risk management across the European banking sector.
• The removal of five exemptions is seen as a positive step, potentially leading to more robust supervision and reduced systemic risk.
• The EBA also highlights that additional work is needed in certain areas of the large exposures framework to ensure its completeness and effectiveness.

This report reflects the EBA's comprehensive analysis of the large exposures regime and its recommendations for improving regulatory frameworks in the EU. It is expected to be published on the EBA's website shortly after approval by the EBA Board of Supervisors.