EBA’s consultation paper
On the 10th of July 2013, the European Banking Authority (EBA) has published a new consultation paper on Draft Regulatory Technical Standards (RTS) aiming to define the requirements relating to Prudent Valuation.
This consultation paper specifies the conditions under which Articles 105 and 34 of the Capital Requirements Regulation (CRR, European translation of Basel III adopted on 28/06/2013) shall be applied
Institutions have until October 8th to respond to the questions stated in the Consultation paper. In addition, a Quantitative Impact Study (QIS) will also be organized by the EBA. The final version of the Technical Standards should be finalized in Q2 2014.