EBA欧洲银行-Work-Programme-2006_11页_158kb

CEBS 2006 Work Programme Summary

Core Content

The Committee of European Banking Supervisors (CEBS) outlined its work programme for 2006 with a focus on the implementation and convergence of the Capital Requirements Directive (CRD), as well as cross-sectoral co-operation and the maintenance of supervisory tools. The year 2006 is seen as a transition from the design phase to the delivery phase of a more unified supervisory framework across the EU.

Main Priorities

1. Regulatory Advice to the European Commission

• CEBS will deliver two key pieces of advice:
  • A stock take on the implementation of own funds provisions in Member States and a survey on innovative capital instruments.
  • A review of the rules on large exposures.
• CEBS may also receive follow-up requests on prudential controls for mergers and acquisitions and deposit guarantee schemes.
• Potential new calls for advice on liquidity issues and the application of the CRD to commodity firms are expected.

2. Convergence and Supervisory Co-operation

• CEBS prioritizes the development of a common European supervisory culture and practices.
• Finalisation of guidelines and standards is a key focus, particularly for the Supervisory Review Process (Pillar 2), validation of IRB and AMA approaches, and common reporting frameworks for solvency ratios and IFRS compliance.
• The Committee will finalize guidelines on co-operation between consolidating and host supervisors in the first quarter of 2006.
• Efforts will also be made to enhance operational networks and prepare for the implementation of these guidelines.

3. Monitoring, Maintaining and Assessing CEBS Products

• CEBS will compile a compendium of standards, guidelines, and advice, serving as a guidebook for supervisors and market participants.
• This compendium will be updated regularly and is expected to be completed by 2007.
• The Supervisory Disclosure framework will be used to monitor national implementation differences and support convergence.
• CEBS will also conduct case studies and questionnaires to identify implementation issues and assess progress.

4. Cross-sector Issues

• CEBS, CESR, and CEIOPS have agreed on a protocol for cross-sector co-operation, which will be implemented through a joint work programme.
• The Financial Conglomerates Directive will be a focus for cross-sector work, with an interim structure activated to address implementation and supervision challenges.
• The work will be adjusted based on Commission decisions in this area.

Key Areas of Work

Supervisory Review Process

• Final guidelines on the general principles of the Supervisory Review Process will be published in Q1 2006.
• The guidelines will include sections on internal governance and the interaction between ICAAP and SREP.

Validation of IRB and AMA Approaches

• Guidelines on the validation of Internal Ratings-Based (IRB) and Advanced Measurement Approaches (AMA) will be finalised in Q1 2006.

Common Reporting Frameworks

• The common reporting frameworks for solvency ratio and IFRS-compliant financial reporting will be streamlined and implemented in 2006.
• Ongoing maintenance and updates will be conducted, including the development of XBRL taxonomies and templates.

Internal Governance

• Work on internal governance will be integrated into a single set of guidelines, incorporating findings from CP03, CP10, and CP02.

Home/Host Supervisory Co-operation

• Guidelines on co-operation between consolidating and host supervisors will be finalised in Q1 2006.
• An addendum to these guidelines on crisis management will be finalised in Q3 2006.

Information Exchange

• CEBS aims to improve the operational network for information exchange, supporting supervisors in integrated EU banking markets.

Accounting and IFRS

• CEBS will support the common application of IFRS components, focusing on areas like fair value options, loan accounting, and provisioning.

Impact of IFRS on Prudential Requirements

• CEBS will finalise an analytical report on the quantitative impact of IFRS on banks' financial statements and regulatory capital.

QIS5

• CEBS will participate in the fifth Quantitative Impact Study (QIS5) to evaluate the effects of Basel II proposals, providing input for potential changes to the CRD.

Outsourcing

• CEBS will finalise its guidance on outsourcing, including key concepts and the materiality test, in Q1 2006.

Conclusion

The 2006 work programme of CEBS is designed to ensure the consistent and effective implementation of the CRD across the EU, promote supervisory convergence, and enhance co-operation between national and cross-border supervisors. The Committee will also continue to address cross-sectoral issues and maintain its supervisory tools to support a more unified and efficient banking supervision framework.