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ARTICLE · 07 JANUARY 2014

Risk Retention Redrafted: More Questions Answered

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Back in May 2013, the European Banking Authority had opened a public consultation on the secondary legislation appropriate to support the risk retention requirements set out in Articles 404-4102 of the EU Capital Requirements Regulation.

United StatesFinance and Banking
James Warbey
James Warbey
John Goldfinch
John Goldfinch
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Back in May 2013, the European Banking Authority (the "EBA") had opened a public consultation1 (the "Consultation Paper") on the secondary legislation appropriate to support the risk retention requirements set out in Articles 404-4102 of the EU Capital Requirements Regulation (the "CRR")3. Following a public meeting at the EBA's offices in July4, and the closing of its consultation period in August, the EBA published proposals for this legislation (the "Final Drafts") on December 17, 2013, comprising (i) final draft Regulatory Technical Standards (the "Draft RTS"), and (ii) final draft Implementing Technical Standards (the "Draft ITS"). The Final Drafts are intended to replace the existing non-binding guidance (the "122a Guidance") consisting of the Guidelines5 on Article 122a of the CRD2 published by the EBA's predecessor, The Committee of European Banking Supervisors and the EBA's own Q&A6 on those Guidelines.

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