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EBA 2016 work programme
The work programme package describes and summarises the main objectives, priorities and deliverables of the EBA in the forthcoming years. It is based on the tasks specified in the Regulation and in the relevant EU banking sector legislation.
Highlights of the EBA's tasks in 2016
The EBA's work for 2016 is defined under eight strategic areas and 34 activities. The programme includes a description of the Authority's objectives for 2016, expected results and main outputs.
The 2016 work programme has been developed on the basis of the of the tasks specified in the Authority's founding Regulation as well as of the various mandates and legislative proposals received and envisaged in the area of financial and banking regulation. This includes work on completing the liquidity and leverage framework, under the Capital Requirements legislation (CRDIV/CRR); input to the Commission's legislative initiatives, such as in the area of covered bonds and securitisation under the Capital Markets Union and structural reform; completion of the EBA's mandates under the Banking Recovery and Resolution Directive (BRRD); providing answers to the EBA's Q&A tool regarding the implementation of the CRDIV/CRR and BRRD frameworks.
The EBA's risk analysis and assessment work will continue to focus on identifying, analysing and addressing key risks in the EU banking sector. The EBA will initiate and coordinate the 2016 EU-wide stress test, and provide relevant Competent Authorities with the common scenarios, methodologies and benchmarking tools that they will use to ensure a smooth process and reliable results.
With regard to consumer protection, financial innovation and payments, the EBA will focus on its mandates under the (revised) Payments Service Directive, the Interchange Fees Regulation and the Payment Account Directive (PAD), including standardised terminology for payment account services, and associated disclosure documents.
The EBA will continue to work on supervisory consistency including its work on supervisory and resolution colleges, training supervisors, performing peer reviews. This includes assisting supervisors in the practical application of the new BRRD framework for recovery planning and early intervention.
As part of the EBA's broader work to address risks in models, the EBA will assist Competent Authorities in their assessment of the outcome of banks' internal models as well as monitoring any material differences in risk-weighted assets by providing EU-wide benchmarks.
Many of the EBA's mandates in terms of Technical Standards and Guidelines are due to be completed by the end of 2016. Therefore, in the years to come, the EBA's focus will shift from developing Technical Standards and Guidelines to further enhancing its role of building a common Union supervisory culture and consistent supervisory practices, as well as in ensuring uniform procedures and consistent approaches throughout the Union. Additionally, the EBA will strengthen its role as an EU data-hub and sharpen its risk analytical capabilities by enhancing its data infrastructure.