The European Commission has published the draft texts of nine delegated Regulations that contain regulatory technical standards required by the Capital Requirements Regulation and the CRD IV Directive.
These are:
- Commission delegated Regulation determining proxy spread and limited smaller portfolios for credit valuation adjustment risk;
- Commission delegated Regulation specifying the requirements for investor, sponsor, original lenders and originator institutions relating to exposures to transferred credit risk;
- Commission delegated Regulation specifying the classes of instruments that adequately reflect the credit quality of an institution as a going concern and are appropriate to be used for the purposes of variable remuneration;
- Commission delegated Regulation assessing the materiality of extensions and changes of the internal ratings based approach and the advanced measurement approach;
- Commission delegated Regulation specifying the information that competent authorities of home and host Member States supply to one another;
- Commission delegated Regulation for the definition of “market”;
- Commission delegated Regulation defining non-delta risk of options in the standardised market risk approach;
- Commission delegated Regulation further defining material exposures and thresholds for internal approaches to specific risk in the trading book; and
- Commission delegated Regulation determining what constitutes the close correspondence between the value of an institution’s covered bonds and the value of the institution’s assets.
The European Parliament and the Council of the EU will now consider each delegated Regulation. Once approved they will be published in the Official Journal of the EU and will enter into force on the twentieth day following the date of their publication.
View Commission adopts nine Regulatory Technical Standards to implement the single rulebook in banking, 13 March 2014
