Capital and Liquidity Requirements for European Banks

by Joosen, Bart P.M.; Lamandini, Marco; Tröger, Tobias H.

• ISBN13: 9780198867319
• ISBN10: 019886731X
• Format: Hardcover
• Copyright: 2022-10-03
• Publisher: Oxford University Press

Author Biography

Bart P.M. Joosen, Professor of Financial Law, Vrije Universiteit,Marco Lamandini, Professor of Law, Alma Mater Università degli Studi di Bologna,Tobias H. Tröger, Professor of Private Law, Commercial and Business Law, Johann Wolfgang Goethe-University Frankfurt

Bart P.M. Joosen holds the chair Financial Supervision Law at the Faculty of Law, Vrije Universiteit Amsterdam, the Netherlands. He is also board member of the Zuidas Institute of Financial and Corporate Law of that university. Bart Joosen held until 2017 the chair Prudential Supervision Law at the
University of Amsterdam. He defended his PhThesis on the “Transfer of undertakings in bankruptcy” in January 2008 at Tilburg University and in connection with this comparative law study to Dutch and French law he was admitted as research fellow at the Law Faculty of the University of Paris-I
(Panthéon-Sorbonne) in 1988 and 1989.


Marco Lamandini is Full Professor (Chair) of Commercial Law at the University of Bologna, where he teaches European Financial Regulation, Advanced Banking Regulation and Central Banking, and International and European Company Law.
He earned his Ph.D in Commercial Law in 1994. Assistant Professor (“ricercatore”) at the Catholic University in Milan from 1995 to 1998. Associate Professor of Company Law at the University of Bologna from 1998 to 2001. He has been Visiting Fellow at the Max Planck Institute of Munich and Hamburg
and in several Universities, such as Berkeley, London School of Economics, Oxford and Cambridge. He is a Vice-Chair of the Academic Board of the European Banking Institute (EBI), based in Frankfurt and a Member of the Academic Board of the European Capital Market Institute (ECMI), based in Brussels.
He is currently the President of the Board of Appeal of the European System of Financial Supeand a member of the Appeal Panel of the Single Resolution Board (SRB).

Tobias Tröger holds the Chair of Private Law, Commercial and Business Law at Goethe-University Frankfurt. He is the co-director of the Center for Advanced Studies Foundations of Law and Finance (CAS LawFin). At the Leibniz Institute Sustainable Architecture for Finance in Europe (SAFE), he heads the
cluster “Law and Finance”. He was the President of the Executive Board of the European Banking Institute (EBI) and currently serves as chair of the Global Corporate Governance Colloquia (GCGC). Tobias Tröger is an advisor to the European Parliament on matters regarding the Single Supervisory
Mechanism (SSM) responsible for the euro area's largest banks

Table of Contents

Introduction, Bart Joosen, Marco Lamandini, and Tobias Tröger
Part 1: ORIGIN AND CONTEXT OF CAPITAL REQUIREMENTS FOR EUROPEAN CREDIT INSTITUTIONS
1. Overview of Capital Adequacy Legislation in Europe, Christos Gortsos
Part 2: QUALITATIVE CAPITAL REQUIREMENTS
2. The Definition of Regulatory Capital Instruments, Marco Lamandini and David Ramos Muñoz,
3. 3 Direct Effect and Binding of European Regulation, Karl Philipp Wojcik
4. Qualitative capital requirements and their relationship with MREL/TLAC, Tobias Tröger
Part 3: QUANTITIVE CAPITAL REQUIREMENTS
5. The construction of the Total Risk Exposure Amount and the relationship with Combined Buffer Requirements, Bart Joosen
6. 6 Ordinary quantitative buffer requirements, the definition of default, loss distribution, expected and unexpected loss and provisioning, Bart Joosen
7. Credit Risk and Dilution Risk, Standardised and Internal Ratings Based Methods, Bart Joosen
8. Credit Risk Mitigation Techniques and Credit Risk Protection, Bart Joosen
9. Capital Treatment of Securitisations, Bart Joosen
10. Position Risk and Market Risk measures. Fundamental Review of the Trading Book, Umberto Cherubini
11. Capital Markets Transactions and Counterparty Credit Risk, Matthias Haentjens
12. Operational Risk in the capital requirements framework for banks, Bart Joosen
13. Capital Conservation Buffer, Countercyclical Capital Buffer, Dr. Katerina Lagaria
14. Capital buffers for systemically important banks and Systemic Risk Buffer, Tobias Tröger
Part 4: LIQUIDITY SUPERVISION AND REQUIREMENTS
15. Liquidity risk and its management: The LCR and NSFR, Willem Boonstra and Bruno de Cleen
16. Securitisation positions and covered bond positions as HQLA, Seraina Gruenewald
Part 5: SUPERVISORY REVIEW AND EVALUATION PROCESS AND PILLAR 2 CAPITAL
17. Internal Capital and Liquidity Adequacy Assessment, Purpose and Relation with Supervisory Engagement, Dalvinder Singh
18. Supervisory Review and Evaluation Process (SREP) in the Context of the Exercise of Supervisory Powers and Extraordinary Measures, Marco Lamandini and David Ramos Muñoz
19. Stress-testing in banking in the EU: Critical issues and new prospects, Pedro Duarte Neves, Lúcio Tomé Féteira, and Luis Silva Morais
Part 6: VI REPORTING AND DISCLOSURES
20. Reporting and disclosure requirements for smaller banks, application of the principle of proportionality, Christos Hadjiemmanuil
21. Applicable Accounting Principles, IFRS, Local GAAP and Compatibility with Prudential Reporting, Edgar Löw and Kevin Voigt