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Translating Basel into Brussels

Translating Basel into Brussels. Patrick Pearson European Commission . BASEL - BRUSSELS. International convergence of capital measurement and capital standards – a revised framework 26-6-2004. Proposal for a Directive amending directives 2000/12/EC & and 93/6/EC

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Translating Basel into Brussels

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  1. Translating Basel into Brussels Patrick Pearson European Commission

  2. BASEL - BRUSSELS International convergence of capital measurement and capital standards – a revised framework 26-6-2004 Proposal for a Directive amending directives 2000/12/EC & and 93/6/EC on the capital adequacy of banks and investement firms (recast) • Brussels,14-7-2004 • COM(2004)

  3. « SPOT THE DIFFERENCE  »

  4. Proposal for a Directive of the European Parliament and of the Council amending directives 2000/12/EC & and 93/6/EC on the capital adequacy of banks and investement firms (recast) Directive of the European Parliament and of the Council amending directives 2000/12/EC & and 93/6/EC on the capital adequacy of banks and investement firms (recast)

  5. KEY ISSUE: CONSOLIDATING ‘LEAD’ SUPERVISOR

  6. KEY ISSUE: LEVEL OF APPLICATION / WAIVERS Capital requirements apply to all individual banks BUT waivers if criteria satisfied Capital requirements & internal processes by every ‘group’ at country level Disclosure requirements apply at EU level

  7. KEY ISSUE: IMPLEMENTATION DATE SA/FIRB/BIA/SA available end 2006 AIRB/AMA available end 2007

  8. TRADING BOOK Double default & Maturity Adjustment? Counterparty credit risk? Trading Book/Banking Book?

  9. INSTITUTIONAL PROCESS: THE COUNCIL

  10. INSTITUTIONAL PROCESS: EUROPEAN PARLIAMENT

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