CRD 5/CRR 2 Should Take Care of Non-Financial-Companies Risk Management Needs

The EU bank regulation reform proposal is currently debated in the European Parliament and the Council. We are particularily concerned about the amendments to the supervisory review and evaluation process (SREP). The proposed changes to the SREP could remove explicit exemptions from formal own funds requirements through the back door - such as the credit valuation risks (CVA risks) exemption for derivatives with non-financial companies.