EBA欧洲银行-EBA-BS-2011-167-PUBLICEBA-telco-minutes-BoS-7-Novmber2011-_2页_188kb

EBA Board of Supervisors Teleconference Summary

Date and Time

• Date: 7 November 2011
• Time: 14:00 - 14:55hrs

Core Content

The EBA Board of Supervisors convened a teleconference to discuss two key topics: the funding guarantee schemes and the treatment of floors and templates for disclosure. The meeting aimed to align the Board with the Council's discussions and ensure consistency in the implementation of regulatory measures across the European Union.

Main Points of Discussion

1. Funding Guarantee Schemes

• The Chair of the EBA Board mentioned that the Council had been discussing the funding guarantee schemes, and the EBA was expected to provide input.
• The Chair confirmed that if any role for the EBA was included in the final proposal, he would inform the Board.
• The discussion emphasized the need for clarity and alignment with the European Financial Council (EFC) guidance.

2. Floors and Templates for Disclosure

• The issue of floors (minimum capital requirements) was raised by several Members, banks, and the European Banking Federation.
• The Chair highlighted that the capital buffer had been calculated differently in some countries, where transitional floors were retained, while they were removed in others.
• This inconsistency was identified as a level playing field issue, which could lead to uneven regulatory treatment across the EU.
• The Chair recalled that this topic had been previously discussed in the March meeting, where the Board had agreed to maintain the floors to prevent minimum levels from dropping before the implementation of CRD4 in January 2013.
• The EBA Staff proposal suggested retaining or re-introducing existing Basel 1 floors for the 9% buffer to ensure consistency.
• There was widespread consensus among the Board members that the key goal should be achieving consistency in the recap exercise, which involves recalculating capital requirements.
• The Board agreed that the current status quo was unsatisfactory and that a unified approach was necessary.

3. Further Actions on Floors

• It was agreed that the EBA Staff would circulate further information on the calculation of these floors for the Board to review.
• The Chair emphasized the importance of transparent and consistent methodologies to avoid disparities in capital requirements.

4. CDS Exposures Template

• The Chair proposed that the EBA Staff might circulate a template highlighting proposed exposures for discussion.
• The Director Oversight confirmed that the deadline for submission of this CDS template would be different from other templates, as it was due the following day on 8 November.
• Two CDS worksheets were subsequently circulated to the Board on 8 November: one for disclosure purposes and one for internal use only.

Key Information

• Funding Guarantee Schemes: The EBA was expected to contribute to the Council's discussions, and any potential role would be communicated to the Board.
• Floors: The retention of transitional floors was seen as necessary to maintain a level playing field and prevent capital levels from dropping below minimum thresholds before CRD4 implementation.
• Consistency in Recap Exercise: The Board emphasized the need for a uniform approach in recalculating capital requirements, whether applying or removing floors.
• CDS Template: A specific template for CDS exposures was to be submitted by 8 November, with two versions provided for different purposes.

Conclusion

The meeting underscored the importance of regulatory consistency and transparency in the context of capital requirements and disclosure templates. The EBA Staff was tasked with providing further details on the calculation of floors and circulating the CDS template for review. The Board agreed that maintaining floors was essential to avoid disparities and ensure a fair regulatory environment across the EU.