Manfred Wiebogen President ACI, The Financial Markets Association
Manfred Wiebogen President ACI, The Financial Markets Association

Consultation, Tax and Regulation

First Published: e-Forex Magazine 53 / Foreword / July, 2013

EBA opens new consultation period During my last stay in Beijing the European Banking Authority (EBA) became rather active. They published thirteen consultation papers during just one week, 20th to 23rd May. These are open for responses until August this year. Whilst I consider it as positive to involve our industry in decision making procedures we should not forget the additional work and time-consuming fact finding required on all the envisaged regulatory updates. Each of the consultation areas needs concentrated attention to build on future functioning markets. To name just a few of the Consultation papers: Draft RTS (Regulatory Technical Standards) on additional liquidity outflow Draft ITS (Implementing Technical Standards) on additional liquidity monitoring metrics Technical standards for own funds Draft RTS on non-delta risk of options in the standardized market risk approach Draft guidelines on capital measures for foreign currency lending  Draft RTS on the definition of market Draft...continued

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