575/2013

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The legislation has been amended several times, in line with evolving international regulatory standards set by the Basel Committee on Banking Supervision. Delegated and implementing acts. A full list of these acts is available here. Common equity tier1. A standard which aims to improve the financial reporting of financial instruments with the use of a more forward-looking model to recognise expected credit losses on financial assets.

575/2013

OJ L , In force: This act has been changed. Languages, formats and link to OJ. Multilingual display. Having regard to the Treaty on the Functioning of the European Union, and in particular Article thereof,. Having regard to the opinion of the European Central Bank 1 ,. Having regard to the opinion of the European Economic and Social Committee 2 ,. The G Declaration of 2 April on Strengthening of the Financial System called for internationally consistent efforts that are aimed at strengthening transparency, accountability and regulation by improving the quantity and quality of capital in the banking system once the economic recovery is assured. That declaration also called for introduction of a supplementary non-risk based measure to contain the build-up of leverage in the banking system, and the development of a framework for stronger liquidity buffers. Those measures were endorsed by the G leaders at their Pittsburgh Summit of September and were set out in detail in December This Regulation should therefore be read together with that Directive. This Regulation should, inter alia, contain the prudential requirements for institutions that relate strictly to the functioning of banking and financial services markets and are meant to ensure the financial stability of the operators on those markets as well as a high level of protection of investors and depositors. This Regulation aims at contributing in a determined manner to the smooth functioning of the internal market and should, consequently, be based on the provisions of Article TFEU, as interpreted in accordance with the consistent case-law of the Court of Justice of the European Union.

To this end, the liquidity coverage requirement should be subject to an observation period, 575/2013.

Having regard to the Treaty on the Functioning of the European Union, and in particular Article thereof,. Having regard to the opinion of the European Central Bank 1 ,. Having regard to the opinion of the European Economic and Social Committee 2 ,. The G Declaration of 2 April on Strengthening of the Financial System called for internationally consistent efforts that are aimed at strengthening transparency, accountability and regulation by improving the quantity and quality of capital in the banking system once the economic recovery is assured. That declaration also called for introduction of a supplementary non-risk based measure to contain the build-up of leverage in the banking system, and the development of a framework for stronger liquidity buffers. Those measures were endorsed by the G leaders at their Pittsburgh Summit of September and were set out in detail in December This Regulation should therefore be read together with that Directive.

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575/2013

Uredba EU br. OJ L , In force: This act has been changed. Languages, formats and link to OJ. Multilingual display. Te mjere poduprli su U srpnju i rujnu

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The condition laid down in point f of paragraph 1 shall be deemed to be met notwithstanding the reduction of the principal amount of the capital instrument within a resolution procedure or as a consequence of a write down of capital instruments required by the resolution authority responsible for the institution. Reporting obligations for institutions would allow appropriate review and calibration, with a view to migrating to a binding measure in However, because such measures could have a negative impact by fragmenting the internal market, they should only be approved subject to strict conditions pending the entry into force of a future legal act explicitly harmonising such measures. A leverage ratio is a new regulatory and supervisory tool for the Union. Nevertheless, if such a programme funds itself entirely with a single class of commercial paper, and if either the programme-wide credit enhancement is not a re-securitisation or the commercial paper is fully supported by the sponsoring institution, leaving the commercial paper investor effectively exposed to the default risk of the sponsor instead of the underlying pools or assets, then that commercial paper generally should not be considered a re-securitisation exposure. Furthermore, they asked for those OTC derivatives that could not be cleared centrally to be subject to higher own funds requirements in order to properly reflect the higher risks associated with them. Competent authorities may, in accordance with national law, partially or fully waive the application of the requirements set out in Parts Two to Eight to one or more credit institutions situated in the same Member State and which are permanently affiliated to a central body which supervises them and which is established in the same Member State, if the following conditions are met:. In order to adequately take into account the diversity of legal forms institutions within the Union are operating under, the strict set of criteria for the core capital instruments should ensure that core capital instruments for institutions whose shares are not admitted to trading on a regulated market are of the highest quality. The BCBS guidelines also provide for disclosure of the leverage ratio and its components starting from 1 January EBA shall take its decision within one month. If the Council, after having examined the proposal by the Commission to reject the proposed national measures in depth, comes to the conclusion that the conditions laid down in this Regulation for the rejection of the national measures were not fulfilled, it should always provide its reasons in a clear and unambiguous manner. The G Declaration of 2 April on Strengthening of the Financial System called for internationally consistent efforts that are aimed at strengthening transparency, accountability and regulation by improving the quantity and quality of capital in the banking system once the economic recovery is assured.

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The consolidating supervisor may consult EBA on its own initiative. Having regard to the opinion of the European Central Bank 1 ,. The financial crisis revealed vulnerabilities in the regulation and supervision of the banking system at European and global level. Tier 2 capital as referred to in Article 71 that is equal to or less than one third of Tier 1 capital;. The competent authorities shall determine whether and how consolidation is to be carried out in the following cases:. After the observation period and the calibration of the respective levels of the leverage ratio, and on the basis of the assessment, EBA can publish an appropriate statistical review, including averages and standard deviations, of the leverage ratio. This should include the introduction of a new definition of the core elements of capital available to absorb unexpected losses as they arise, enhancements to the definition of hybrid capital and uniform prudential adjustments to own funds. The Commission should also review whether avoidance of multiple applications of the retention requirement could be conducive to practices circumventing the retention requirement and whether the rules on securitisations are enforced effectively by the competent authorities. In addition, very short-term exposures related to money transmission including the execution of payment services, clearing, settlement and custody services to clients are exempt to facilitate the smooth functioning of financial markets and of the related infrastructure. In the case of large exposures dealing with single name concentration risk, credit risk is not well-diversified. This would ensure uniform conditions by preventing diverging national requirements as a result of the transposition of a directive. The condition set out in point d of the first subparagraph shall be deemed to be met notwithstanding the instruments are included in Additional Tier 1 or Tier 2 by virtue of Article 3 , provided that they rank pari passu.