CP10 (Full Document) - European Banking Authority

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a timetable; standards by which to judge the completeness and accuracy of the application; standards for reaching agreement on a final decision; ‣ Communicate the salient points of the supervisory plan to the group. Step 2 – Formal application Crossborder implications · Formal application submitted Tasks or considerations for the Consolidating supervisor ‣ Determine promptly if the application is obviously incomplete (e.g., significant omissions of specified information): if so, communicate to the group that the application is incomplete, setting out the reasons why and what further information the group may need to submit. inform the other supervisors that an application has been received, that it is incomplete, and that the group has been asked to provide further information. Tasks or considerations for the host supervisor
‣ If not, inform the other supervisors promptly that an application has been received and distribute the application form, in whole or part, as previously agreed. ‣ Assess the completeness and accuracy of the application against preagreed standards, and in consultation with the host supervisors with respect to local models. ‣ Communicate the final results of the assessment to the group and to other supervisors. ‣ Assess those aspects of the application that the host is best able to comment on (e.g., relating to locally developed models) and communicate the results of the assessment to the consolidating supervisor. if the application is found to be incomplete, communicate that finding to the group, setting out the reasons why and what further information the group may need to submit. if the application is complete, inform the other supervisors that the sixmonth period has started, and initiate the next step in the process. Step 3 – Model assessment Crossborder implications Tasks or considerations for the Consolidating supervisor Tasks or considerations for the host supervisor · Performing the work ‣ Lead the assessment of centralised models and some local models (where agreed), the governance of the group, the role of the Board and Senior ‣ Lead the assessment of local models (where agreed), the governance of the local entities, and
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CEBS CP 10 11 July 2005 Guidelines
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ANNEXES ...........................
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to use these approaches. 6. The gui
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IRB approach can be given only if t
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approaches for regulatory purposes
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purposes, when the group has submit
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efficient running of the process, u
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and/or 105 of the CRD, subject to t
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58. Institutions intending to move
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translated, supervisors will organi
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76. The issues that supervisors are
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holding company, the competent auth
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· A new approval process shall not
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· Institutions may not be ready to
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2. Asking institutions to notify su
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116. ‘Immaterial’ should refer
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128. The EU Council has proposed th
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should start with inputs, and those
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to be only broadly compliant with t
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institutions to be able to identify
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differentiated if their loss rates
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payments are originating from the s
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any of its subsidiaries in full, wi
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197. As a general rule, the rating
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· Their discounting method results
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grades. In this case, all of the re
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of challenges, including choosing t
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228. In principle, supervisors do n
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prices on defaulted exposures, and
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LGD estimation, they have to be tak
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The exposure value for the followin
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investigating the potential drivers
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advisable in some circumstances not
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Page 69 and 70: 302. The information used in credit
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Page 73 and 74: Pooled data sets for good predictiv
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Page 77 and 78: used to quantify the risk parameter
Page 79 and 80: years for the economy as a whole, a
Page 81 and 82: · Institutions must be able to bri
Page 83 and 84: Benchmarking the outputs of interna
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Page 87 and 88: systems” (Annex VII, Part 4, Para
Page 89 and 90: · Examining reports from Internal
Page 91 and 92: organisational point of view (e.g.,
Page 93 and 94: conclusions are wellfounded. Inte
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Page 99 and 100: way of a formal notification). The
Page 101 and 102: · The rollout plan should have a
Page 103 and 104: Principles and examples 1. The purp
Page 105 and 106: etween systems, recording of data t
Page 107 and 108: · The definition of an appropriate
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Page 111 and 112: · Approving proactive risk managem
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CP10 (Full Document) - European Banking Authority

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