On 8 July 2014, the European Banking Authority (“EBA”) published its opinion for the European Commission on the macro-prudential rules under the Capital Requirements Regulation (“CRR”) and the CRD. The opinion analyses whether the rules are effective, efficient, transparent and consistent with global standards. The opinion considers the capital conservation buffer, the countercyclical buffer, the global systemically important institutions buffer, systemic risk buffer, higher risk weights, Pillar 2 measures (additional own funds, specific treatment of assets, limitation of operations, tightening of liquidity requirements, additional disclosure), liquidity coverage requirement and the net stable funding requirement. The European Commission must report, before 31 December 2014, to the European Parliament and the Council of the EU on the macro-prudential rules under CRD IV, including submitting a legislative proposal if amendments to the current rules are considered appropriate.

The opinion is available at:

http://www.eba.europa.eu/documents/10180/657547/EBA-Op-2014 06+-+EBA+opinion+on+macroprudential+rules+in+CRR-CRD.pdf.