Posts Tagged ‘
LCR ’
Jul 24th, 2014
Issuer ratings look set to have been scrapped as LCR eligibility criteria for covered bonds and a transparency requirement introduced, according to a leaked EC document on the delegated act that the Commission is likely to finalise in September.
Posted in Ratings
Tags: ECBC, LCR, Liquidity Coverage Ratio
May 16th, 2014
A leaked document by European Commission staff circulating this week confirms statements from two Danish ministries last Friday that certain large, highly rated covered bonds will be eligible as Level 1 assets for Liquidity Coverage Ratio purposes, albeit with an overall cap of 70% and a haircut of 7%.
Posted in Industry Moves
Tags: LCR, LCRs, Liquidity Coverage Ratio
May 8th, 2014
The EC is steering toward keeping covered bonds as Level 2 assets for LCR purposes but allowing them to make up a larger share, according to sources, and an EC spokesperson said “talks are progressing well” about a solution addressing Danish concerns.
Posted in Industry Moves
Tags: Basel III, Denmark, LCR, LCRs, Liquidity Coverage Ratio
Apr 4th, 2014
CRR-compliant covered bonds rated at least A- should count toward liquidity buffers with the Covered Bond Label playing a role as a quality criterion under a new approach the European Covered Bond Council (ECBC) has suggested to the EC ahead of its final decision on LCRs.
Posted in Industry Moves
Tags: CRD IV, EC, ECBC, european covered bond council, LCR
Jan 16th, 2014
The European Commission will take into account “features specific to the EU banking system and financial markets” in addition to European Banking Authority (EBA) reports and international standards when deciding on covered bonds’ status in the LCRs, according to an EC spokesperson.
Posted in Industry Moves
Tags: Basel III, Danmarks Nationalbank, Denmark, EBA, European Banking Authority, LCR, Liquidity Coverage Ratio
Jan 9th, 2014
The European Banking Authority (EBA) has excluded covered bonds from assets it has recommended should be eligible as extremely high quality liquid assets for Liquidity Coverage Ratio (LCR) purposes in a report to the European Commission.
Posted in Industry Moves
Tags: Basel III, CRD, CRDIV, EBA, European Banking Authority, LCR, Liquidity Coverage Ratio
Jan 9th, 2014
The EBA on 20 December published its final recommendations on the Liquidity Coverage Ratio (LCR), which exclude covered bonds from Level 1 status. Crédit Agricole CIB’s Florian Eichert takes a closer look at the potential implications, and sees investor behaviour only really changing in response to a lower minimum rating criterion.
Posted in From Crédit Agricole CIB
Tags: Basel III, CRD, CRDIV, EBA, European Banking Authority, LCR, Liquidity Coverage Ratio
Dec 5th, 2013
Fears are mounting that covered bonds could fail to secure a position as Level 1 LCR assets after it emerged that the EBA’s Board of Supervisors is against such a recommendation. However, the ECBC and others have said that Level 1 inclusion remains a real possibility.
Posted in Industry Moves
Tags: Basel III, CRD, Denmark, EBA, European Banking Authority, HQLA, LCR
Sep 26th, 2013
Thomas Östros, managing director at the Swedish Bankers’ Association, spoke to Nordic FIs & Covered about the state of the Swedish banking sector, risks stemming from the NSFR, the potential for regulatory overreach, and more.
Posted in In conversation
Tags: Finansinspektionen, LCR, NSFR, Ostros, SBA, Swedish Bankers' Association, Thomas Ostros