EBF comments on the EBA consultation paper (CP): draft guidelines
Publication date: 25 October 2016
Question 1: Is the scope of application of the guidelines appropriate and sufficiently clear?
Yes the scope of application of the guidelines is considered clear and appropriate.
Question 2: Is the date of application of the guidelines of 1 January 2018 appropriate?
Yes, assuming that IFRS 9 application date in the EU will be the same.
Question 3: Please provide any comments you may have on the appropriateness of the proposed proportionality approach.
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Addressing the Executive Committee meeting of the European Banking Federation in Frankfurt:
ECB Vice-President Luis de Guindos says fundamentals for continued moderate growth remain in place, but downside risks remain and the coronavirus brings new uncertainties. The economy still needs strong support from monetary policy. Read the speech at https://t.co/ecglYbxuP2
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