Committee of European Banking Supervisors


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Committee of European Banking Supervisors

A former group that advised the European Union on banking regulation. The committee was established to improve communication, to prepare draft policy changes, and to help implement regulatory decisions. It consisted of representatives of EU central banks and banking regulatory agencies. It was established in 2004 and dissolved in 2011. It was replaced by the European Banking Authority.
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The assessment of specific institutions' needs for recapitalization remains a responsibility of national authorities," The Committee of European Banking Supervisors said on Tuesday.
The Committee of European Banking Supervisors said on Friday that seven out of 91 banks failed the closely-watched stress tests, designed to gauge the health of European banks.
Under the Committee of European Banking Supervisors rules, banks must also pay around half the bonus in shares to discourage the sort of get-rich-quick deals which helped bring about the credit crunch.
Despite assurances by both the European Central Bank and the Committee of European Banking Supervisors (CEBS), which organised the tests, many analysts were not convinced that the tests were strict enough.
The Committee of European Banking Supervisors - the London-based umbrella body for Europe's financial regulators - carried out the tests on banks representing 65% of total European banking assets.
were coordinated by the Committee of European Banking Supervisors.
But analysts have said that restoring investor confidence rests on how much detail is published about the criteria used and how the London-based Committee of European Banking Supervisors conducted its analysis.
The Committee of European Banking Supervisors (CEBS), the umbrella body for banking regulation across the European Union, late on Friday published the results of stress tests, showing that seven of the 91 banks that underwent the exercise failed to meet the criteria of a 6 per cent tier-one capital ratio.
The Bulgarian National Bank has been given a legal basis for participation in the Committee of European Banking Supervisors (CEBS) and compliance of its guidelines in the local banking system.
Bankers will be allowed to receive only 20 per cent of their bonus up-front in cash and the rest either deferred or held in shares for a minimum of three years under tougher guidelines published by the Committee of European Banking Supervisors (CEBS).
The Committee of European Banking Supervisors (CEBS), made up of regulators from the 27 EU member countries, looked at the banks under three scenarios that replicated another recession that culminates in a once in every 20 years crisis.
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