Financial Services & Fintech |  Aug 06, 2013

EBA Consultations – Draft Technical Standards on closely correlated currencies and appropriately diversified indices

On the 25th June 2013, the European Banking Authority published two consultation papers. One addressing the draft Implementing Technical Standards (ITS) to identify a list of relevant closely correlated currencies – for the purposes of calculating the capital requirements for foreign exchange risk; the other addressing a list of relevant appropriately diversified indices – for the purposes of calculating the capital requirements for equity risk.

These draft ITS have been developed by EBA on the basis of the final legislative texts of the Capital Requirements Regulation (CRR) produced after the Trialogue agreement and adopted by the Council on 20 June 2013.

The Consultations for both ITS may be accessed from here and run until 8th September 2013.

For further information about how GVZH Advocates can help you with any advice in connection with your financial services queries, kindly contact us here.

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