EBA launched a consultation on draft RTS on close correspondence between the fair value of an institution's covered bonds and the fair value of its assets. The consultation runs until 1 September, 2013.
The proposed draft RTS relate to prudential filters applied to own funds. In particular, they specify the criteria for defining the close correspondence between the fair value of the covered bonds and the fair value of the assets for the purpose of calculating capital requirements.
Comments can be sent to the EBA by 1 September 2013. A public hearing will take place at the EBA premises on 6 August 2013 from 10:00 to 11:00 hours UK time.
The proposed draft RTS have been developed on the basis of Regulation 575/2013 of 26 June, 2013. The EBA is expected to submit these draft RTS to the European Commission for endorsement by 30 September, 2013. Before submission to the Commission, the EBA will review the draft RTS to include the feedback arising from the consultation process.
Press release
Consultation paper
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