EBA欧洲银行-ND_EFBS_Letter_1页_96kb

CEBS 2007/109 Questionnaire Summary

Core Content

The document is a response from the European Federation of Building Societies (EFBS) to the CEBS 2007/109 Questionnaire on Options and National Discretions listed on CEBS's Supervisory Disclosure. It outlines the EFBS's position on the topic, emphasizing the importance of maintaining national discretions in regulatory frameworks.

Main Viewpoints

• Role of the EFBS: The EFBS is a European federation representing specialised credit institutes. It does not aim to answer all questions in the questionnaire but focuses on those that are essential to its members.

• Position on National Discretions: EFBS members support keeping most national discretions as they are. They believe that these rules are already being applied effectively by member states and credit institutes.

• Concerns about Regulatory Changes: The EFBS argues that changing these rules would impose unnecessary costs and burdens on the industry. They stress the need for consistency and continuity in regulatory frameworks to ensure market stability and confidence.

Key Information

• Document Title: CEBS 2007/109 Questionnaire on Options and National Discretions listed on CEBS's Supervisory Disclosure
• Respondent: European Federation of Building Societies (EFBS)
• Date of Response: 19 October 2007
• Sender: Andreas J. Zehnder, Managing Director of EFBS
• Recipient: Madame Danielle Nouy, Chairman of CEBS
• Location: Brussels, 19 October 2007

Additional Notes

• The EFBS is open to answering further questions or participating in explanatory discussions regarding the questionnaire.
• The document includes an attached response to the questionnaire, though it is not visible in this summary.
• The EFBS is not opposed to all changes, but it highlights the importance of maintaining existing national discretions to avoid disruption in the market.

Conclusion

The EFBS's response underscores the value of national discretions in the context of supervisory disclosure and regulatory consistency. It advocates for stability in the regulatory environment and minimal changes to current rules to prevent additional costs and disruptions. The federation remains cooperative and open to dialogue with CEBS on this matter.