EBA consults on assessing AMA for operational risk: EBA is consulting, until 12 September, on RTS specifying the methodologies for supervisors to assess whether to permit institutions to use an Advanced Measurement Approach (AMA) to calculate own fund requirements for operational risk. In doing so, the RTS will also clarify and harmonise the definitions of operational risk and operational risk loss, and develop the key components of the operational risk measurement system: internal loss data, external data, scenario analysis and business environment and control factors. These RTS will replace several existing guidelines. (Source: Consultation on Methodologies to Assess AMA for Operational Risk)

EBA publishes remuneration practices report: EBA has published a report on benchmarking remuneration practices at EU level. The report's main conclusion is that remuneration practices under the third Capital Requirements Directive (CRD 3) were not sufficiently harmonised. It also observed a trend among institutions to increase the fixed component of staff remuneration, although the ratios between fixed and variable components remain above the cap permitted by CRD 4. EBA also announced it is analysing the use that institutions are making of "allowances" to complement fixed remuneration, particularly whether they are being used to circumvent the bonus cap in CRD 4. A future review of EBA guidelines on remuneration policies will cover this subject as well as detailing processes for the identification of staff with a material impact on an institution's risk profile. (Source:Benchmarking of Remuneration Practices at Union Level

EBA consults on waiving disclosure requirements: EBA is consulting, until 13 September, on guidelines on the process institutions should follow, and the criteria they should consider, when assessing whether or not to comply with some of the disclosure requirements in the Capital Requirements Regulation (CRR). Non-disclosure can be based on materiality, proprietary or confidentiality reasons. The guidelines also cover the frequency of those disclosures that are actually made. (Source: Consultation on Guidelines on Materiality, Proprietary and Confidentiality and on Disclosure Frequency)