The European Commission has opened a public consultation regarding the next stages in their implementation of final Basel III reforms in the EU. The EC aims to use the consultation as a means to shape the next wave of banking regulation proposals for next year. According to the EC, “the Commission services aim to gather stakeholders’ views on specific topics in the areas of credit risk, operational risk, market risk, credit valuation adjustment risk, securities financing transactions as well as in relation to the output floor.” The EC expects the solicited comments will ensure “convergent and consistent supervisory practices across the Union and alleviating the administrative burden.”
Pending Comment LettersYour comments are extremely important to us to provide the best response by WOCCU to these regulatory proposals.
Listed below are all pending regulatory actions for which WOCCU intends to submit a Comment Letter. The listed date is the date by which Comments are due to the respective agency. All Comment Letters filed by WOCCU can be viewed on the Comments & Position Papers tab. Comments filed by the European Network of Credit Unions can be found here.
Please be sure to provide us with your comments in advance of the Due Date so that we may include them in our Comment Letter.
|Agency||Pending Comment Letters||Due Date
|European Banking Authority||European Banking Authority Consultation on Supervisory Reporting Changes Related to CRR2 and Backstop Regulation (Framework 3.0)||January 16, 2020|
|European Banking Authority||European Banking Authority Consultation on Comprehensive Pillar 3 Disclosures||January 16, 2020|
|Basel Committee on Banking Supervision||Introduction of Guidelines on Interacation and Cooperation Between Prudential and AML/CFT Supervision||February 6, 2020|
|European Banking Authority||Disclosure and Reporting of MREL and TLAC||February 22, 2020|
|Basel Committee on Banking Supervision||Revisions to the Credit Valuation Adjustment (CVA) Risk Framework||February 25, 2020|
|European Commission||Financial Services - Improving Resilience Against Cyber Attacks (new rules)||March 19, 2020|