Page 51 - EBA 2015.1815 Annual report 2014 web 2

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policy of questions under review. After con-
sulting with stakeholders at a Q&A roundtable
on these aspects in March 2014, the tool was
re-organised in June. As part of the reorgani-
sation, and to avoid duplication of questions,
stakeholders are encouraged to review pub-
lished and rejected questions, and to review
user guidance before submitting a question.
Today, the tool is the 8th most visited section
of the EBA website.
2014 also saw the launch of the Interactive
Single Rulebook Q&A Tool, which enables
users to examine the regulatory framework
in banking legislation (i.e. CRR) with links to
technical standards or guidelines as well as
Q&As relating to the corresponding Level 1
provisions.
The aforementioned changes were launched
in June 2014, followed by the introduction at
the end of September of a facility that allows
the export of all final Q&As (or a particular
subset) in PDF format, through a link to the
tool’s search function. The changes were well
received by stakeholders, in particular the ex-
port facility and the introduction of the Inter-
active Single Rulebook.
Impact assessment
The EBA applies the principle of better regula-
tion in its efforts to develop the Single Rule-
book, and performs impact assessment to
support the EBA’s development of regulatory
policy.
In line with the relevant provisions of its Regu-
lation, the EBA performs impact assessments
when developing technical standards, guide-
lines, recommendations and opinions, by as-
sessing the incremental costs and benefits
of the various policy options/technical speci-
fications of its proposals. This work includes
quantitative impact studies, analysing indi-
vidual and aggregate banking data, assess-
ing appropriate methodologies for using such
data, performing qualitative analysis, and con-
sidering, where appropriate, the proportional-
ity implications of its proposals.
The role of impact assessment at the EBA ex-
tends beyond the policy development phase.
It also applies to monitoring the implementa-
tion of particular pieces of banking regulation,
including, where appropriate, the application
of relevant RTS and ITS that have been draft-
ed by the EBA and adopted by the EC, and of
the guidelines and recommendations issued
by the EBA. One such product is the EBA’s
semi-annual analysis of the impact of CRD IV
— CRR / Basel III rules on European credit in-
stitutions’ capital, liquidity and leverage ratios
and the estimated shortfalls relating to the
lack of convergence with the fully implement-
ed framework, the so-called CRD IV — CRR /
Basel III monitoring exercise.
In addition, the EBA supports the development
and implementation of banking regulation in
Europe by drafting dedicated reports assess-
ing the impact of the calibration of regulatory
requirements on leverage and on liquidity as
mandated by the relevant banking legislation
(CRD IV — CRR). The analytical expertise of
the EBA is also sought by the EU co-legisla-
tors to inform them on the associated costs
and benefits of technical options for their de-
velopment of delegated acts, for instance in
the area of the BRRD.
Figure 11: Breakdown of Q&As by topic
Own funds
14%
Credit risk
11%
Liquidity risk
10%
Other topics
10%
Large exposures
2%
Market risk
3%
Supervisory reporting
50%
Ongoing activity
In 2015, the EBA is expected to ex-
pand the Q&A process and Interac-
tive Single Rulebook to incorporate
Directive 2014/59/EU (BRRD).