CEBS work on Home Host issues and Pillar 2 implementation
CEBS work on Home Host issues and Pillar 2 implementation
CEBS work on Home Host issues and Pillar 2 implementation
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<str<strong>on</strong>g>CEBS</str<strong>on</strong>g> resp<strong>on</strong>ses: efforts to address implementati<strong>on</strong><strong>issues</strong>Phase I: guidelines• <strong>Home</strong> <strong>Host</strong> co operati<strong>on</strong>• Structured use of supervisory judgment: Supervisory ReviewProcess (<strong>Pillar</strong> 2).• Frame<str<strong>on</strong>g>work</str<strong>on</strong>g> for supervisory disclosure: enhanced transparency;• Validati<strong>on</strong> of advanced approaches for credit <strong>and</strong> operati<strong>on</strong>al risk(high level principles not enough to achieve c<strong>on</strong>vergence);• Comm<strong>on</strong> reporting frame<str<strong>on</strong>g>work</str<strong>on</strong>g>s (COREP <strong>and</strong> FINREP);• è Joint effort <str<strong>on</strong>g>CEBS</str<strong>on</strong>g> <strong>and</strong> Commissi<strong>on</strong> to ensure c<strong>on</strong>sistentinterpretati<strong>on</strong> of Basel II in Europe.
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