Commission consults on countercyclical buffers: The Commission is running a short consultation on:
- how bank-countercyclical buffers should be calculated for EU banks that have established branches in other EU Member States; and
- how the jurisdictional add-on should be set for each EU Member State, and the role of the European Systemic Risk Board (ESRB) and the European Banking Agency (EBA) in this process.
Generally, the Commission plans to implement the Basel proposals on this subject, but sets out areas where its views differ from those of the Basel Committee and seeks comments generally. It asks for comments by 19 November.