The CRR2 legislative proposal published on 23 November 2016 by the European Commission proposes, inter alia, to transpose into EU law the Fundamental Review of the Trading Book (FRTB) and Standardised Approach for Counterparty Credit Risk (SA-CCR) developed by the Basel Committee on Banking Supervision (BCBS). The successful implementation in the EU of these frameworks will represent an important collective challenge over the next years. The EBA is, therefore, of the view that an open discussion on how to jointly address this challenge is necessary.
Without pre-empting the outcome of ongoing legislative discussions with respect to the CRR2 legislative proposal, with this Discussion Paper, the EBA intends to provide preliminary views on how to address some of the most important implementation issues related to the FRTB and SA-CCR. The Discussion Paper covers eight implementation issues, two on SA-CCR and six on the FRTB, and requests stakeholder's views on additional implementation issues they may have identified, and which are not included in the scope of the paper.
In addition, the Discussion Paper outlines a roadmap and prioritisation for the development of the regulatory deliverables on FRTB and SA-CCR included in the current CRR2 proposal. The roadmap provides a clear indication of intent of how the EBA is currently prioritising its future work in this area, although priorities may change as part of the ongoing considerations of legislators.
Comments to this consultation can be sent to the EBA by 15 March 2018. A public hearing will take place at the EBA premises on 5 February 2018 from 14 to 17 UK time.
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Discussion paper
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