CEBS

The London-based committee, often referred to by its acronym CEBS, may also reveal the names of the banks undergoing the tests, one of the people said.

BusinessWeek.com -- 2010

The Committee for European Banking Supervisors, or CEBS, which is conducting the stress tests, said its adverse scenario for economic growth will assume gross domestic product growth falls 3% below current forecasts over the next two years, amounting to a decline in GDP of 2% in 2010 and 1.3% in 2011 across the European Union, while losses on sovereign debt will "represent a deterioration of market conditions as compared to the situation observed in early May 2010."

Banks Will Need More Cash After Stress Tests 2010

Jo Swyngedouw, an official with Belgium's central bank who was representing CEBS at the hearing, acknowledged the industry's concerns.

French Bankers Dispute EU Bonus Plan David Enrich 2010

He said the FSA expects "this point to be clarified" by the CEBS guidelines to be issued this week.

U.K. Pushes EU to Relax Stance on Bankers' Pay Sara Schaefer Mu 2010

Therefore, they say, it was up to CEBS to come up with a binding interpretation.

French Bankers Dispute EU Bonus Plan David Enrich 2010

"But that's beyond the remit of CEBS, I'm afraid."

French Bankers Dispute EU Bonus Plan David Enrich 2010

Among European nations, Spain has also been vocal on calling for more flexibility, according to a person familiar with the CEBS discussion.

U.K. Pushes EU to Relax Stance on Bankers' Pay Sara Schaefer Mu 2010

While the FSA is lobbying other officials at CEBS to adopt its interpretation, the U.K. is committed to adhering to the committee's final decision, people familiar with the matter said.

U.K. Pushes EU to Relax Stance on Bankers' Pay Sara Schaefer Mu 2010

In addition to CEBS guidance this week, an EU body is expected this month to issue a cleaned-up version of the directive that could clarify the matter.

U.K. Pushes EU to Relax Stance on Bankers' Pay Sara Schaefer Mu 2010

A CEBS spokeswoman confirmed that remuneration would be on the agenda at this week's meeting but wouldn't comment on individual countries 'positions.

U.K. Pushes EU to Relax Stance on Bankers' Pay Sara Schaefer Mu 2010