EBA欧洲银行-20080129BankingRegulationLondon_12页_306kb

报告摘要

4th European Banking Regulation Conference: A Practical Guide to the Latest Regulatory Developments

Core Content Overview

The 4th European Banking Regulation Conference, presented by Kerstin af Jochenick on 29 January 2008, outlines the key accomplishments and future challenges of the Committee of European Banking Supervisors (CEBS) in the context of evolving regulatory frameworks and market conditions. The conference highlights CEBS's transition from a guidance-producing body to one focused on implementation, as well as its efforts to address current market instability and enhance regulatory convergence.

Main Focus and Challenges in 2008

1. Supervising Cross Border Groups

Enhancing Supervisory Cooperation: CEBS emphasized the importance of fostering cooperation through colleges of supervisors.
Delegation Between Supervisors: Increased use of delegation mechanisms to streamline cross-border supervision.
Common Answers to Practical Issues: Aimed to provide consistent responses to practical challenges.
Coordination of Requests and Responses: Ensured alignment between supervisory inquiries and responses.
Cross-Sector Dimension: Considered the impact of cross-sectoral activities on banking supervision.

2. Appropriate Supervisory Response to Market Turmoil

Liquidity Risk Supervision: Focused on managing liquidity risks in a volatile market.
Valuation of Illiquid Assets: Addressed the challenges of accurately valuing illiquid assets.
Transparency of Securitisation Assets: Improved transparency in securitisation to mitigate risks.
Crisis Management: Prepared for and responded to financial crises through enhanced supervisory frameworks.

3. Response to Lamfalussy Review / Better Regulation

3L3 Impact Assessment Methodology: Applied the 3L3 (Level 1, Level 2, Level 3) approach for assessing regulatory impact.
Supervisory Disclosure: Utilized disclosure as a tool to exert market pressure.
Peer Review / Comply and Explain: Encouraged peer review and transparency in regulatory compliance.
Mediation Mechanism: Established a mediation mechanism to resolve conflicts and improve dialogue.
Industry Engagement: Promoted greater involvement of the industry through new stakeholder groups.

4. Pillar 2 Implementation

Diversification Benefits and Capital Transferability: Evaluated the potential benefits of diversification and the transferability of group capital.
Technical Assessment of Economic Capital Models: Conducted in-depth reviews of economic capital models to ensure their effectiveness and compliance with regulatory standards.

Key Accomplishments in 2007

Shift in Focus: CEBS transitioned from producing CRD guidance to focusing on its implementation.
Operational Network: Established the CRD Transposition Group and improved supervisory disclosure.
Market Turmoil Response: Engaged in information exchange and cooperation, and worked on liquidity risk management.
Legislative Contributions: Provided technical advice to the European Commission on own funds (hybrids), large exposures, and commodities.
Performance Assessment: Underwent an external online performance assessment, receiving broadly positive feedback but identifying gaps in daily practices.
Supervisory Convergence: Enhanced cooperation and convergence among supervisory practices.
Cross-Sectoral Work: Increased attention on cross-sectoral issues, particularly through the 3L3 framework.
Lamfalussy Strengthening: Issued proposals to strengthen the Lamfalussy approach, promoting a more flexible and effective regulatory structure.

Conclusion

CEBS faces several key challenges moving forward, including:

Continuing the Shift: Transitioning from CRD Pillar 1 to Pillar 2 implementation.
Supervisory Convergence: Achieving consistency in day-to-day supervisory practices.
Balancing Workloads: Managing the dual focus on current market turmoil and responding to the European Commission's requests on regulatory topics.
3L3 and Cross-Sectoral Consideration: Ensuring that regulatory decisions account for cross-sectoral implications and the 3L3 framework.

These efforts aim to strengthen the regulatory environment in the European banking sector, enhance transparency, and improve resilience against financial instability.