575/2013

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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 ,.

575/2013

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. Therefore, arrangements are needed to mitigate the potentially significant negative impact on common equity Tier 1 capital arising from expected credit loss accounting. Non-performing loans. A loan is generally considered non-performing when more than 90 days have passed without the borrower a company or individual paying the amounts due or interest that have been agreed upon, or when it becomes unlikely that the borrower will repay it. This consolidated version is of documentary value only. See consolidated version.

EBA should ensure efficient administrative and reporting processes when drafting 575/2013 standards, 575/2013. In order to avoid market distortions and regulatory arbitrage, prudential minimum requirements should therefore ensure maximum harmonisation, 575/2013. It is expected that institutions whose shares are admitted to trading on a regulated market should meet their capital requirements regarding the core elements of capital with such shares that meet a strict set of criteria for the 575/2013 capital instruments and the disclosed reserves of the institution only.

It applies from 1 January The financial crisis has shown that losses in the financial sector can be extremely large when a downturn is preceded by a period of excessive credit growth. The financial crisis revealed vulnerabilities in the regulation and supervision of the banking system at European and global level. Institutions entered the crisis with capital of insufficient quantity and quality and, in order to safeguard financial stability, governments had to provide support to the banking sector in many countries. First, Basel III is not a law. It is the latest configuration of an evolving set of internationally agreed standards developed by supervisors and central banks.

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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,.

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Deduction of Tier 2 instruments where an institution does not have a significant investment in a relevant entity. EBA shall submit those draft regulatory technical standards to the Commission by 31 December In the event of disagreement during the six months period, the consolidating supervisor shall consult EBA at the request of any of the other competent authorities concerned. This cookie adapts the website pages to the profile chosen by the visitor professionals, markets, consumers. Where Member States adopt guidelines of general scope, in particular in areas where the adoption by the Commission of draft technical standards is pending, those guidelines shall neither contradict Union law nor undermine its application. Hidden categories: Articles with short description Short description matches Wikidata. Although an institution may opt not to disclose information as the information is regarded as proprietary or confidential, the fact that information is being regarded as proprietary or confidential should not discharge liability arising from non-disclosure of that information when such non-disclosure is found to have material effect. When an institution is using the Financial Collateral Comprehensive Method under Article , the exposure value of securities or commodities sold, posted or lent under a repurchase transaction or under a securities or commodities lending or borrowing transaction, and margin lending transactions shall be increased by the volatility adjustment appropriate to such securities or commodities as prescribed in Articles to The new definition of capital and regulatory capital requirements should be introduced in a manner that takes account of the fact that there are different national starting points and circumstances, with initial variance around the new standards reducing over the transition period. It is further necessary for competent authorities to have knowledge of the level, at least in aggregate terms, of repurchase agreements, securities lending and all forms of encumbrance of assets. Given their recent weak performance, the standards for internal models to calculate market risk capital requirements should be strengthened. The proportion of significant investments in the total amount of items that is not required to be deducted is equal to one minus the proportion referred to in the first subparagraph. It should be possible to apply systemic risk buffers or individual measures taken by Member States to address systemic risks concerning those Member States, to the banking sector in general or to one or more subsets of the sector, meaning subsets of institutions that exhibit similar risk profiles in their business activities, or to the exposures to one or several domestic economic or geographic sectors across the banking sector. After adoption of the leverage ratio requirements, EBA should publish an appropriate statistical review, including averages and standard deviations, of the leverage ratio in relation to the identified categories of institutions.

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It is therefore important to fill the existing funding gap for SMEs and ensure an appropriate flow of bank credit to SMEs in the current context. Repayment of trade finance exposures is usually independent of the borrower, the funds instead coming from cash received from importers or resulting from proceeds of the sales of the underlying goods. The structural separation of retail and investment banking activities within a banking group could be one of the key tools to support this objective. Institutions shall report to the competent authorities the level, at least in aggregate terms, of their repurchase agreements, securities lending and all forms of encumbrance of assets. Pending the outcome of that review, Member States should continue being allowed to decide on the exemption of certain large exposures from those rules for a sufficiently long transitional period. Obligations resulting from Part Five concerning subsidiaries, not themselves subject to this Regulation, shall not apply if the EU parent institution or institutions controlled by an EU parent financial holding company or EU parent mixed financial holding company, can demonstrate to the competent authorities that the application of Part Five is unlawful under the laws of the third country where the subsidiary is established. Based on the observations and supported by reports from EBA, the Commission should be empowered to adopt a delegated act to introduce in a timely manner a detailed and harmonised liquidity coverage requirement for the Union. To achieve this, the originator or sponsor should retain a significant interest in the underlying assets. EBA, in cooperation with the ESRB, should issue guidance on the principles for use of liquid stock in a stress situation. Except for the Internal Assessment Approach, where the IRB Approach is used only for a part of the securitised exposures underlying a securitisation, the institution shall use the approach corresponding to the predominant share of securitised exposures underlying this securitisation.