background preloader

EBA - European Banking Authority

EBA - European Banking Authority
Related:  Financials

ESMA: Securities and Market Authorities Parlement européen : Affaires économiques et monétaires Le Parlement européen est l'un des grands acteurs de la scène politique européenne et la commission des affaires économiques et monétaires (ECON) est aux avant-postes de l'activité du Parlement. Elle est chargée de dossiers tels que les politiques économique et monétaire de l'Union européenne, la fiscalité et la concurrence, la liberté de circulation des capitaux et la réglementation des services financiers (banques, sociétés d'assurance, fonds de pension, gestion d'actifs/de placements, comptabilité, système monétaire et financier international, etc.). En outre, la plus large part des travaux du Parlement étant conduits dans les commissions, c'est à la commission ECON qu'incombe l'essentiel du travail parlementaire sur ces thèmes économiques et monétaires majeurs. La commission ECON contribue dans une large mesure à l'élaboration de la législation européenne, puisque le Parlement est, avec le Conseil, colégislateur dans la plupart des champs d'action de l'Union européenne.

European Financial Reporting Advisory Group - EFRAG 14/04/2014 | EFRAG INSIDER - First quarter 2014 EFRAG Insider was created in the course of 2010 to inform founding and funding members about current developments in all EFRAG activities. EFRAG Insider is now available to a wider audience and is published every quarter on average. 14/04/2014 | EFRAG's report on the findings from the limited survey on the proposed simplifications to IASB ED Leases EFRAG released a report that summarises the findings from a limited survey on the proposed simplifications to the accounting for lessees under IASB’s Exposure Draft Leases. The limited survey was carried out by EFRAG in association with the standards setters from France, Germany, Italy and the UK (ANC, ASCG, FRC and OIC, respectively). 11/04/2014 | EFRAG's Draft Comment Letter on the IASB's ED/2014/1 Disclosure Initiative (Amendments to IAS 1) EFRAG published its Draft Comment Letter on the IASB's ED/2014/1 Disclosure Initiative (Amendments to IAS 1). 08/04/2014 | EFRAG Update March / April 2014

GENERAL Financial Supervision of the EU In order to put into action the conclusion of the European Council and Euro Area summit at the end of June 2012, on 12 September 2012 the Commission adopted a set of legislative proposals on the establishment of a single supervisory mechanism for banks led by the European Central Bank. The set was accompanied by a Communication on a roadmap for completing the banking union over the coming years. Already in September 2009 the Commission brought forward proposals to replace the EU's existing supervisory architecture with a European system of financial supervisors (ESFS), consisting of three European Supervisory Authorities – a European Banking Authority, a European Securities and Markets Authority, and a European Insurance and Occupational Pensions Authority. The three European supervisory authorities (ESAs) and a European Systemic Risk Board (ESRB) were established as from January 2011 to replace the former supervisory committees. Cross-border mergers and acquisitions Report(107 KB)

EIOPA: About EIOPA The European Insurance and Occupational Pensions Authority (EIOPA) was established in consequence of the reforms to the structure of supervision of the financial sector in the European Union. The reform was initiated by the European Commission, following the recommendations of a Committee of Wise Men, chaired by Mr. de Larosière, and supported by the European Council and Parliament. Before and during the financial crisis in 2007 and 2008, the European Parliament has called for a move towards more integrated European supervision in order to ensure a true level playing field for all actors at the level of the European Union and to reflect the increasing integration of financial markets in the Union. As a result, the supervisory framework was strengthened to reduce risk and severity of future financial crises. EIOPA’s main goals are EIOPA is an independent advisory body to the European Parliament, the Council of the European Union and the European Commission.

UK Stewardship Code The UK Stewardship Code aims to enhance the quality of engagement between asset managers and companies to help improve long-term risk-adjusted returns to shareholders. The Code also describes steps asset owners can take to protect and enhance the value that accrues to the ultimate beneficiary. The Code sets out a number of areas of good practice to which the FRC believes institutional investors should aspire and operates on a 'comply or explain' basis. The UK Stewardship Code First published in July 2010, the Code was revised in September 2012. The Feedback Statement details the changes to the 2012 Code and explains the rationale for the amendments. Printed copies of the Code can be obtained free of charge from FRC publications, tel: 020 8247 1264, email: and online at: Organisations wishing formally to notify the FRC that they have published a statement should email

ESRB : European Systemic Risk Board Dodd–Frank Wall Street Reform and Consumer Protection Act The Dodd–Frank Wall Street Reform and Consumer Protection Act (Pub.L. 111–203, H.R. 4173; commonly referred to as Dodd-Frank) was signed into federal law by President Barack Obama on July 21, 2010 at the Ronald Reagan Building in Washington, DC.[1] Passed as a response to the Great Recession, it brought the most significant changes to financial regulation in the United States since the regulatory reform that followed the Great Depression.[2][3][4] It made changes in the American financial regulatory environment that affect all federal financial regulatory agencies and almost every part of the nation's financial services industry.[5][6] As with other major financial reforms, a variety of critics have attacked the law, some arguing it was not enough to prevent another financial crisis or more "bail outs", and others arguing it went too far and unduly restricted financial institutions.[7] Origins and proposal[edit] Share in GDP of U.S. financial sector since 1860[9] Overview[edit] Duties[edit]

Value-at-Risk (VaR) EmailShare Value-at-risk (VaR) is a prob­a­bilis­tic met­ric of mar­ket risk (PMMR) used by banks and other or­ga­ni­za­tions to mon­i­tor risk in their trad­ing port­fo­lios. For a given prob­a­bil­ity and a given time hori­zon, value-at-risk in­di­cates an amount of money such that there is that prob­a­bil­ity of the port­fo­lio not los­ing more than that amount of money over that hori­zon. Dif­fer­ent choices for the prob­a­bil­ity and time hori­zon cor­re­spond to dif­fer­ent value-at-risk met­rics. a time hori­zon—one trad­ing day in our ex­am­ple;a prob­a­bil­ity—90% in our ex­am­ple;a cur­rency—USD in our ex­am­ple. We name a value-at-risk met­ric by list­ing those three items fol­lowed by “VaR”, so the value-at-risk met­ric of our ex­am­ple is called one-day 90% USD VaR. As an­other ex­am­ple, for a time under the Basel II Ac­cord, Eu­ro­zone banks were re­quired to mon­i­tor mar­ket risk with two-week 99% EUR VaR. These ad­van­tages are not unique to value-at-risk. Notes

The Sarbanes-Oxley Act 2002