30 June 2015

Stuart Clark

Stuart Clark - Impendium Systems

272Posts 399,070Views 0Comments

Financial Services Regulation

This network is for financial professionals interested in staying up to date on financial services regulation happening anywhere in the world. CFOs, bankers, fund managers, treasurers welcome.

EBA consults on RTS on data waiver under the CRR

02 April 2014  |  589 views  |  0

The Capital Requirements Regulation (CRR) requires the European Banking Authority (EBA) to develop draft regulatory technical standards (RTS) to specify the conditions under which competent authorities may grant permission to institutions to apply for a data waiver, when they implement the internal rating based approach.

The consultation paper on the draft RTS specifies the conditions to be met by institutions when asking competent authorities permission to apply the data waiver. This will enable the institution to use data covering a period of two years rather than five years for estimation of risk parameters. The conditions reflect the increased uncertainty on the estimation of risk parameters as a consequence of using a shorter data history and set a number of safeguards including requiring institutions to ensure that:

· they operate an enhanced data vetting process; and

· can prove that relevant datasets covering longer time series are not available.

Comments are requested by 7 June 2014. 

Related link:

http://www.eba.europa.eu/documents/10180/621404/EBA+CP+2014+02+%28CP+on+RTS+on+data+waiver%29.pdf

 

 

 

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Latest posts from Stuart

FSB to publish report on sharing derivative data

08 May 2014  |  1611 views  |  0  |  Recommends 0 GroupFinancial Services Regulation

BCBS publishes capital standard for bank exposures to CCPs

07 May 2014  |  4132 views  |  0  |  Recommends 0 GroupFinancial Services Regulation

EIOPA chair calls for extended powers of inquiry

06 May 2014  |  1013 views  |  0  |  Recommends 0 GroupFinancial Services Regulation

EC consults on the definition of FX financial instruments

02 May 2014  |  1513 views  |  0  |  Recommends 0 GroupFinancial Services Regulation

ESAs issue RTS for non-centrally cleared OTC derivatives

01 May 2014  |  1251 views  |  0  |  Recommends 0 GroupFinancial Services Regulation

Stuart's profile

job title Product Development Director
location London
member since 2012
Summary profile See full profile »
Co-founded Impendium in 2006. Previously head of Client Services for Deutsche Banks top 100 customers.

Stuart's expertise

What Stuart reads
Stuart writes about
Stuart's blog archive
2014 (111)2013 (161)

Who's commenting on Stuart's posts