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Enhancing COREP Extensibility and Basel II Compatibility for Future Directives

This external analysis by Francisco Flores Muñoz from the University of Huelva explores the extensibility of COREP and the compatibility between Basel II agreement and future directives. It examines the link between COREP and Basel II agreement text, the possibility of extending COREP to Pillar II and III, and to other geographic spaces. The study suggests a strong relationship between Basel II agreement and future European directives, supporting the integration of COREP with various frameworks.

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Enhancing COREP Extensibility and Basel II Compatibility for Future Directives

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  1. Extensibility of COREP and Compatibility between Basel II agreement and the future DirectiveAn external analysis.Francisco Flores MuñozUniversity of Huelva.

  2. Questions • Is possible to link COREP with Basel II agreement text? How the compatibility is? • Is possible to more completely extend COREP to Pillar II and III? • Is possible to extend COREP to other geographic spaces?

  3. Is possible to link COREP with Basel II agreement text? How the compatibility is? Hypothesis: We think that COREP could be easely extended to Pillar II and III (adding more templates to the current set), and to other geographic spaces (linking legal references in templates to Basel II agreement text). We think that a strong relationship exists between Basel II agreement and the future European Directive, which supports the link between COREP, Basel II Pillars and other geografic frameworks.

  4. Extensibility. Legal aspects. COREP Future Directive Basel II agreement The legal structure permits the link between COREP and Basel text.

  5. To other Basel Pillars Future Templates COREP Templates Today Pillar I Pillar II Pillar III

  6. To other geografic frameworks Basel II Agreement New Templates European Directive COREP Templates European Union Other countries

  7. Objetives • Make a direct comparison between legal references of a COREP template and the Basel II agreement text. • Propose a set of new templates to be added to COREP´s one, including Pillars II and III key aspects.

  8. Comparison between legal references We have selected two template, OPR LOSS and OTH 3 AFF and we have tried to relate each element with a reference in Basel II agreement. The result and conclusions are the following:

  9. OPR LOSS Template

  10. OTH 3 AFF Template (I)

  11. OTH 3 AFF Template (II)

  12. Preliminar Conclusions • We could link the templates with Basel II text. • We should make any conciliations. • We could add more templates (adding more measures and dimensions and using the existing set) to complete the disclosing requirements of Pillars II and III

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