EBA writes to EU institutions on proposed amendments to CRD 4/CRR

The European Banking Authority (EBA) has written to the EU Commission Vice President Valdis Dombrovskis, whose portfolio includes Financial Stability, Financial Services and Capital Markets Union, the President of the EU Parliament, and the Minister of Finance of Malta, which holds the rotating EU Council Presidency, on the Commission's proposed Regulation and Directive amending the Capital Requirements Directive (CRD 4) and Regulation (CRR).

The letter is intended to complement opinions that the EBA has issued in relation to IFRS9 transitional arrangements (EBA/Op/2017/02) and on improving decision making for supervisory reporting (EBA/Op/207/03) in relation to:

• the net stable funding ratio (NSFR);
• the leverage ratio (LR); and
• remuneration.

In particular, the letter sets out suggested revisions that would mandate the EBA to carry out certain monitoring activities and develop technical standards in relation to the LR and reporting requirements for remuneration rules.