Brussels, 07/05/2014 (Agence Europe) - On Tuesday 6 May, the Ecofin Council decided not to issue any objections to ten draft regulations (delegated acts) adopted by the Commission, supplementing EU legislation on bank capital requirements.
The regulations involve regulatory technical standards: - specifying the classes of instruments that adequately reflect the credit quality of a banking institution as a going concern and are appropriate to be used for the purposes of variable remuneration; - for determining what constitutes the close correspondence between the value of a banking institution's covered bonds and the value of the institution's assets; - specifying the information that competent authorities of “home” and "”host” member states supply to one another; - further defining material exposures and thresholds for internal approaches to specific risk in the trading book; - for the definition of “market”; - with respect to qualitative and appropriate quantitative criteria to identify categories of staff whose professional activities have a material impact on a banking institution's risk profile. (MB)