The European Banking Authority (EBA) has updated its questions and answers on the single rulebook (which relate to the CRD IV package of reforms).

The recently included Q&As cover the following topics:

  • determination of the appropriate currency to be used for calculating the base for grandfathering and phase-out limits;
  • off-balance sheet items and definition of default;
  • how should an institution explain a rating decision;
  • the inclusion of year-end profit in common equity tier 1 capital as of the end of first quarter of the following year;
  • additional value adjustments;
  • the possibility of removing tier 1’s call options to make the securities tier 2 compliant; and
  • the treatment of deliverable FX for single currency returns under 422(6) and 425(3) CRR.

View Single rulebook Q&A, 6 December 2013

View Question 248: Determination of the appropriate currency to be used for calculating the base for grandfathering and phase-out limits, 6 December 2013

View Question 239: Off-balance sheet items and definition of default, 6 December 2013

View Question 240: How shall an institute explain a rating decision?, 6 December 2013

View Question 208: Inclusion of year-end profit in Common Equity Tier1 Capital as of the end of first quarter of the following year, 6 December 2013

View Question 213: Additional value adjustments, 6 December 2013

View Question 49: Possibility to remove a tier 1’s call options to make the securities tier 2 compliant, 6 December 2013

View Question 160: Treatment of deliverable FX for single currency returns under 422(6) and 425(3), 6 December 2013

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