Andrea Enria, Chairperson of the EBA, stated: "The EU is committed to adhering strictly to the global standards for internationally active banks, which will be crucial to support prudent and sound cross-border banking on a global scale. The EBA is, therefore, looking forward to supporting the European Commission to ensure an effective and proportionate implementation of the new framework in EU".
In response to the Commission's call for advice, the EBA will provide both a quantitative and qualitative assessment of the new Basel III framework. As a preliminary step, the EBA is planning to launch, by July, an overall data collection to which also smaller and less complex banks, as well as institutions with specific business models, will be invited to participate.
This data collection exercise is particularly important as the collected evidence will form the basis for the EBA policy recommendations. A broad representation of the EU banking sector in this exercise will be crucial to ensure an assessment of the impact on both large and small EU banks and is considered as a pre-requisite for an evidence-based and proportionate policy making process. The EBA will provide more details on the scope of the data collection exercise in the coming months.
Press release
Full letter
Call for advice
© EBA
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article