This section provides information on:
Laws and regulations adopted in Latvia to implement the Basel II provisions of the Directives 2006/48/EC and 2006/49/EC. These texts outline the primary supervisory requirements for supervised credit institutions and investment firms.
Administrative rules. There are a variety of definitions of administrative rules. For the purpose of disclosure they are understood as instructions to supervised entities to fulfil certain legislative and regulatory requirements.
General guidance includes explicit disclosure requirements of the Directives 2006/48/EC and 2006/49/EC and explanations deemed necessary to set out how the rules should be applied by institutions. Additionally, such guidance covers any other relevant information that FCMC may wish to release in order to enhance the understanding of the new capital adequacy framework.
Tables of information:
1. Laws, Regulations and Administrative Rules:
Directive 2006/48/EC
Directive 2006/49/EC
2. External Credit Assessment Institutions (ECAIs) Recognition Process
3. Guidance for Model Validation
4. Guidance for Model Approval
5. Slotting Criteria
6. Other CRD disclosure requirements
Specific Treatment of Securitisations
Disclosure on Waivers for Solo Supervision
Mergers and Acquisitions
Credit risk mitigation
Application of Pillar 3
Securitisation – Article 122a
7. Additional Information
8. Supervisory Disclosure on Reporting
Related information:
EFor an overview regarding rules and guidance in the EU Member States see the corresponding tables on the CEBS homepage http://www.c-ebs.org/Supervisory-Disclosure/Rules-and-guidance.aspx "
"EU regulations:
Directive 2006/48/EC:
http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2006:177:0001:0200:EN:PDF
Directive 2006/49/EC:
http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=OJ:L:2006:177:0201:0255:EN:PDF