Mortgage Credit Agreement

 The EBF welcomes the balanced agreement reached by the European Parliament and the Council on the Mortgage Credit Directive, as it is particularly relevant in view of the importance of the mortgage credit markets for consumers and the economy in general. This new Directive will indeed align the responsible practices and legal incentives already implemented [...]

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IAS 39 Revision: are the proposed changes worth the cost and effort?

 Sondra Tarshis, Chair of the EBF Financial Instruments – Classification and measurement Working Group explains the changes proposed by the International Accounting Standards Board (IASB) to IFRS 9, their implications and the position of the banking industry. Q: Why was it necessary to change IAS 39 – the current international accounting standard for recognition and [...]

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Principle of Proportionality

  The legislative frameworks that apply to financial services (CRD, Solvency II and MiFID) include several explicit references to the Principle of Proportionality. Considering that the implementation of the new financial regulatory framework creates a tremendous administrative burden which is particularly challenging to smaller banks, those institutions expect the Principle of Proportionality to bring them [...]

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