EBA欧洲银行-CP29_Public-hearing_Extension-of-the-Supervisory-Disclosure-Framework_19页_393kb

Summary of the Extension of the Supervisory Disclosure Framework (CP29)

Core Content

The CEBS (Committee of European Banking Supervisors) has extended the Supervisory Disclosure Framework (SD) to include additional areas of prudential regulation and supervisory practice. The extension aims to enhance transparency and provide a more detailed and comparative overview of national implementations of EU directives and regulations. The new framework includes templates for Mergers & Acquisitions (M&A), National Discretions and Options, Pillar 2, Pillar 3, Credit Risk Mitigation (CRM), Securitisation, and Colleges.

Main Areas of Extension

The following areas are included in the extended SD framework:

• Mergers & Acquisitions (M&A)
• National Discretions and Options in Directives 2006/48/EC and 2006/49/EC, and in the CRD2 (Capital Requirements Directive 2) on large exposures
• Pillar 2 (Supervisory Review and Evaluation Process - SREP)
• Pillar 3 (Disclosure requirements for credit institutions)
• Credit Risk Mitigation (CRM)
• Securitisation
• Colleges (Supervisory colleges and cooperation agreements)

Key Templates and Their Content

Mergers & Acquisitions (M&A) Template

• Purpose: Disclose the implementation of the 3L3 guidelines for M&A assessments.
• Content:
  • Assessment criteria for the proposed acquirer (e.g., reputation, experience, financial soundness, compliance, and money laundering suspicion).
  • Provisions from Dir. 2006/48/EC and Dir. 2006/49/EC.
  • Information required for the assessment, with links to national websites.
• Structure: Includes rows for each assessment criterion, with columns for Country and Example.

National Discretions and Options Template

• Purpose: Provide a granular and clearer comparative overview of national discretions.
• Content:
  • Over 20 national discretions in Dir. 2006/48/EC and Dir. 2006/49/EC, excluding provisions requiring authority permission or expired transitional measures.
  • Columns for Denomination, Description, and Country.
  • Includes drop-down menus for selecting options.
• Examples:
  • Holding of trading book positions in financial instruments.
  • Reporting requirements for branches in host Member States.
  • Inclusion of interim profits in own funds.
  • Waiver on certain deductions for temporary financial assistance.

Pillar 2 Template

• Purpose: Disclose qualitative information on the SREP (Supervisory Review and Evaluation Process) in more detail.
• Content:
  • Scope of Application of SREP.
  • Individual Risk Assessment.
  • Review and Evaluation of ICAAP (Internal Capital Adequacy Assessment Process).
  • Overall Assessment and Supervisory Measures.
• Features:
  • Executive summaries for each section.
  • Hyperlinks to national provisions instead of narrative text.

Pillar 3 Template

• Purpose: Disclose specific requirements regarding Pillar 3 disclosures.
• Content:
  • Implementation of national measures.
  • Powers of competent authorities to require disclosures.
  • Information used to determine significant subsidiaries.
• Sections:
  • Content of disclosures.
  • Frequency and deadline for publication.
  • Media and location for disclosures.
  • Means of verification.
  • Definition and criteria for significant subsidiaries.

Credit Risk Mitigation (CRM) Template

• Purpose: Provide supervisory disclosure of CRM techniques and their implementation.
• Content:
  • General information on the use of CRM.
  • Implementation approach for stakeholders.
• Supplementary Information:
  • Details on collateral eligibility, mortgage lending value, and volatility adjustments.
  • Includes questions for clarification by competent authorities (e.g., definition of "main index", "recognised exchange", "proven settlement system").

Securitisation Templates

• Two templates are developed:
  1. Revised Credit Risk Data Template:
     • Includes securitisation exposures originated (on and off balance sheet).
     • Includes securitisation positions retained (original exposure pre-conversion factors).
  2. Rules and Guidance Template:
     • Discloses new requirements following CRD2 on the review of compliance with Article 122a (1) to (7).
     • Includes general criteria and methodologies.

Colleges Template

• Purpose: Disclose information about supervisory colleges.
• Content:
  • Number of colleges the supervisory authority is a member of.
  • Role in the college (consolidating or host supervisor).
  • Existence of a core college.
  • Number of cooperation agreements in place.

Conclusion

The extension of the SD framework by CEBS enhances transparency and comparability in the supervisory practices of EU member states. It includes detailed templates for various prudential areas, providing stakeholders with clear and structured information on national implementations, supervisory processes, and regulatory requirements. This initiative supports better understanding and compliance with EU banking regulations across the EEA.