EBF has commented on the priority issues that the trilogue on CRD4/CRR is currently discussing. Amongst other proposals, EBF suggests that:

  • the surcharge for systemically important financial institutions (SIFIs) should not be in addition to the systemic risk buffer, and it should be capped and rolled out in the timescale FSB recommends;
  • details of the Liquidity Coverage Ratio should be left open to adjustment to the pending Basel Committee standard; and
  • exposures to non-financial counterparties should be exempted from credit valuation adjustment (CVA) capital requirements.

(Source: Trilogue on CRR/CRD4)