CEBS publishes survey on national implementation of own funds
The Committee of European Banking Supervisors (CEBS) has published the results of a survey of the national implementation of the current rules on own funds, based on information provided by member states. The survey highlights national differences across Europe of the use of own funds, which are ultimately used to absorb losses that are not sufficiently covered by a firm’s profits.
The survey, which details the implementation of the current rules on own funds across the EU and an analysis of the capital instruments recently created by the industry, fulfils the EC’s request for technical guidance on the definition of own funds from June of last year.
CEBS found that variations existed primarily as a result of the flexibility offered by the Capital Requirements Directive (CRD), specific factors in local markets, differences in national tax and company laws or by prudential
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