Latest news and press releases 2014

  • EBA publishes final Guidelines on disclosure requirements for the EU banking sector

    The European Banking Authority (EBA) published today three sets of final Guidelines related to the information that institutions in the EU banking sector should disclose under Pillar 3. These Guidelines, condensed into a single document, cover how institutions should apply the concepts of materiality, proprietary nature and confidentiality in relation to the disclosure requirements, as well as how they should assess the frequency of disclosures. These Guidelines aim at enhancing consistency in disclosure practices across the EU and are part of the EBA’s work to ensure transparency in the EU banking sector.

    23/12/2014 - Press releases

  • EBA publishes draft technical standards on data waiver

    The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on the conditions for competent authorities (CAs) to grant permission for institutions to use relevant data covering shorter time series (data waiver permission), when estimating risk parameters. These RTS will be part of the Single Rulebook in the banking sector in the European Union (EU).

    23/12/2014 - Press releases

  • EBA published final draft technical standards on countercyclical buffer disclosure

    The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on disclosure of information related to the countercyclical capital buffer (CCB). These RTS will be part of the EU Single Rulebook aimed at enhancing regulatory harmonisation in the EU banking sector. In particular, the use of uniform templates for the disclosure of the CCB will facilitate geographical comparison and ensure transparency of the CCB buffer for all financial institutions across the EU.

    23/12/2014 - Press releases

  • EBA updates list of Common Equity Tier 1 (CET1) capital instruments

    The European Banking Authority (EBA) published today an updated list of capital instruments that Competent Supervisory Authorities across the European Union (EU) have classified as Common Equity Tier 1 (CET1). Since the publication of the first list, some new CET1 instruments have been assessed and evaluated as compliant with the Capital Requirements Regulation (CRR). This list is compiled in accordance with Article 26 of CRR and is updated on a regular basis.

    23/12/2014 - News

  • ESAs seek views on guidelines aimed at reducing reliance on credit ratings

    The Joint Committee of the European Supervisory Authorities (EBA, EIOPA and ESMA) has published a Discussion Paper on the use of credit ratings by financial intermediaries in the EU.

    23/12/2014 - News

  • Joint Committee of the ESAs publishes final draft technical standards on risk concentration and intra-group transactions

    The Joint Committee of the three European Supervisory Authorities (ESAs - EBA, ESMA and EIOPA) published today its joint final draft Regulatory Technical Standards (RTS) on risk concentration and intra-group transactions under the Financial Conglomerates Directive (FICOD). These standards clarify which risk concentration and intra-group transactions shall be considered as significant at the level of financial conglomerate and aim at ensuring consistent application across the EU of the FICOD’s requirements on this topic.

    23/12/2014 - News

  • EBA calls for improving the well-functioning of the securitisation market

    The European Banking Authority (EBA) published today an Opinion on how to improve the well- functioning of the securitisation market. The Opinion is based on a detailed report, which assesses compliance by Competent Authorities with securitisation risk retention, due diligence and disclosure requirements. While expressing support for the provisions laid down in the Capital Requirements Regulation (CRR), the EBA is making a series of recommendations to ensure increased transparency, legal certainty of compliance with the retention rules as well as prevention of any potential regulatory arbitrage. The report also assesses the application and effectiveness of such requirements in light of the international developments.

    22/12/2014 - Press releases

  • ESAs tackle cross-selling practices in the financial sector

    The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA) published today a consultation paper on draft Guidelines for regulating cross-selling practices in the financial sector across the EU. These guidelines establish a coherent and effective approach in supervising firms that offer cross-selling options, so as to enhancing protection of EU customers. The consultation will run until 22 March 2015.

    22/12/2014 - News

  • The Joint Committee of the ESAs publishes final Guidelines on consistency of supervisory practices for financial conglomerates

    The Joint Committee of the three European Supervisory Authorities (ESAs - EBA, ESMA and EIOPA) published today the Joint Guidelines on the convergence of practices aimed at ensuring consistency of supervisory coordination arrangements for financial conglomerates. The first Guidelines developed jointly by the three ESAs in relation to the FICOD (Financial Conglomerates Directive) aim to clarify and enhance cooperation between national competent authorities on cross-border groups that have been identified as financial conglomerates.

    22/12/2014 - Press releases

  • EBA consults on procedures and contents of notifications under the recovery and resolution regime

    The European Banking Authority (EBA) launched today a public consultation on draft Regulatory Technical Standards (RTS) on notifications and notice of suspension. These RTS have been developed within the framework established by the Bank Recovery and Resolution Directive (BRRD) and aim at harmonising the process and content of notifications and notice of suspension arising from a determination that a firm is failing or likely to fail and the subsequent resolution actions. The consultation runs until 20 March 2015.

    19/12/2014 - News

  • EBA publishes its sixth semi-annual report on risks and vulnerabilities of the EU banking sector

    The European Banking Authority (EBA) published today its sixth semi-annual report on risks and vulnerabilities of the EU banking sector. The report highlights that throughout 2014, European banks have continued to take advantage of favourable market conditions to raise capital in preparation for the asset quality reviews (AQR) and the 2014 EU-wide stress test. The average common equity tier 1 (CET1) ratio for the largest European banks reached 11.8 % in June 2014, the highest level since 2009 and broadly in line with the largest US banks. The report informs that market sentiment and confidence is improving. However, it also warns that the signs of recovery remain modest and fragile and that weak macroeconomic conditions can further affect credit quality. The heavy debt overhang, the potential impact of conduct-related issues, and the sustainability of business models and profitability remain sources of concerns.

    19/12/2014 - Press releases

  • EBA publishes final draft technical standards on supervisory colleges

    The EBA has published its final draft Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS) on the functioning of the colleges of supervisors in the EU. These technical standards on colleges detail the conditions for the establishment and functioning of colleges of supervisors, and assist the interaction and cooperation between the consolidating supervisor and the relevant competent authorities. They also detail how colleges' supervisory activities should be planned and performed in both going concern and emergency situations.

    19/12/2014 - Press releases

  • EBA publishes final Guidelines on SREP methodologies and processes

    The European Banking Authority (EBA) published today its final Guidelines for common procedures and methodologies for the supervisory review and evaluation process (SREP). These Guidelines represent a major step forward in forging a consistent supervisory culture across the Single Market and provide a common framework for the work of supervisors in the assessment of risks to banks' business models, their solvency and liquidity. These Guidelines will be a key component of the EU Single Rulebook, which aims at improving the functioning of the internal market, including a sound, effective and consistent level of regulation and supervision in the banking sector.

    19/12/2014 - Press releases

  • EBA publishes Opinion on waiver addressing potential concentration problems for covered bonds

    The European Banking Authority (EBA) published today an Opinion addressed to the Danish FSA following its proposal of a partial waiver from the application of Article 129 (1)(c) of the Capital Requirements Regulation (CRR), which specifies the conditions for the eligibility of covered bonds in relation to risk weight preferential treatment. The EBA is of the opinion that given the significant potential concentration problems in Denmark, the application of a partial waiver is adequately justified.

    19/12/2014 - Press releases

  • EBA issues guidelines to strengthen requirements for the security of internet payments across the EU

    The European Banking Authority (EBA) published today its final Guidelines on the security of internet payments, which set the minimum security requirements that Payment Services Providers in the EU will be expected to implement by 1 August 2015. Concerned about the increase in frauds related to internet payments, the EBA decided that the implementation of a more secure framework for internet payments across the EU was needed. These Guidelines are based on the technical work carried out by the European Forum on the Security of Retail Payments (SecuRe Pay).

    19/12/2014 - Press releases

  • EBA publishes technical standards and guidelines on resolution planning

    The EBA published today final draft Regulatory Technical Standards (RTS) on resolution planning and final Guidelines on measures to reduce or remove impediments to resolvability. These are part of the EBA's work to promote a consistent and coherent approach to bank resolution across the European Union (EU) and specify contents of resolution plans for EU institutions, as well as the criteria for the resolvability assessment. Common EU standards in these areas are essential to facilitate effective cooperation and joint decisions between resolution authorities.

    19/12/2014 - Press releases

  • EBA publishes final draft technical standards on joint decisions for approval of internal models

    The EBA published today its final draft Implementing Technical Standards (ITS) on joint decisions related to the approval of internal models. The objective of these standards is to facilitate the interaction and cooperation between competent authorities and to strengthen supervision of cross-border banking groups across the EU. These ITS will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector at EU level.

    18/12/2014 - Press releases

  • EBA consults on the functioning of resolution colleges

    The European Banking Authority (EBA) launched today a consultation on its draft Regulatory Technical Standards (RTS) specifying the operational functioning of the resolution colleges that are to be established for those banking groups that operate on a cross-border basis within the European Economic Area (EEA). These standards are based on specific requirements laid down in the Bank Recovery and Resolution Directive (BRRD), which provides a common resolution regime across the EU aimed at allowing home and host authorities to deal with failing institutions and cooperate in the process of resolution planning. The consultation will run until 18 March 2015.

    18/12/2014 - News

  • Repeal of the EBA capital preservation recommendation

    Following a decision by the EBA's Board of Supervisors on 15 December 2014, the EBA Recommendation from July 2013 on the preservation of Core Tier 1 capital of EU banks during the transition to the Capital Requirements Directive/Capital Requirements Regulation framework (EBA/REC/2013/03) has been repealed and therefore is no longer into force.

    18/12/2014 - News

  • EBA issues revised list of ITS validation rules

    The European Banking Authority (EBA) issued today a revised list of validation rules in its Implementing Technical Standards (ITS) on supervisory reporting, highlighting those which have been deactivated either for incorrectness or for triggering IT problems. National authorities throughout the EU are informed that data submitted in accordance with these ITS should not be validated against the set of deactivated rules.

    18/12/2014 - News

  • EBA publishes criteria to assess other systemically important institutions (O-SIIs)

    The European Banking Authority (EBA) issued today its final Guidelines defining the criteria that EU competent authorities will use to identify institutions that are systemically important either at Union or Member State level, the so-called ‘other systemically important institutions’ (O-SIIs). These Guidelines aim at setting uniform parameters at EU level while taking into account specificities of Member States’ individual banking sectors, so as to achieve an appropriate degree of convergence in the identification process as well as at ensuring a comparable, clear and transparent assessment of systemically important institutions in the EU.

    16/12/2014 - Press releases

  • EBA consults on amending ITS on LCR and LR reporting

    The European Banking Authority (EBA) launched today two consultations on two draft Implementing Technical Standards (ITS) amending the Commission’s Implementing Regulation on supervisory reporting with regard to the Liquidity Coverage Ratio (LCR) and the Leverage Ratio (LR). The proposed amendments follow the Commission’ Delegated Acts specifying the LCR and the LR respectively. The consultation on the amendments to the LCR reporting will run until 10 February 2015 and the one on the amendments to the LR reporting will run until 27 January 2015.

    16/12/2014 - News

  • EBA consults on treatment of mortgage borrowers in arrears

    The European Banking Authority (EBA) published today a consultation paper on draft Guidelines on arrears and foreclosure under the Mortgage Credit Directive (MCD). As foreclosure can have significant consequences for consumers, creditors should implement measures to attempt to resolve with the borrower any payment difficulties before initiating foreclosure proceedings. These draft Guidelines will ensure that such measures are developed and adopted consistently across the European Union. The public consultation will run until 12 February 2015.

    12/12/2014 - News

  • EBA consults on creditworthiness assessment under the MCD

    The European Banking Authority (EBA) published today a consultation paper on draft Guidelines on creditworthiness assessments under the Mortgage Credit Directive (MCD). These draft Guidelines provide details on how creditors across the EU should assess and verify consumers’ creditworthiness before concluding credit agreements for immovable residential properties. The consultation will run until 12 February 2015.

    12/12/2014 - News

  • EBA updates its risk dashboard for EU banking sector

    The European Banking Authority (EBA) published today the periodical update to its risk dashboard summarising the main risks and vulnerabilities in the banking sector in the European Union (EU) on the basis of the evolution of Key Risk Indicators (KRI) from 53 banks across the EU in the first and second quarter of 2014. This edition of the risk dashboard is the first to have own funds’ positions and requirements data that is based on the supervisory reporting standards from COREP, the Common Reporting framework for financial institutions across the EU, and includes an annex on aggregate risk parameters that brings enhanced transparency on EU banks' and allows comparison across countries and geographical areas.

    11/12/2014 - News

  • EBA issues final technical advice on criteria and factors for intervention on structured deposits under MiFIR

    The European Banking Authority (EBA) published today its final technical advice to the Commission laying out criteria and factors for exercising intervention powers on structured deposits. This final technical advice, which has been developed in accordance with the Markets in Financial Instruments Regulation (MiFIR) requiring the EBA to monitor the market for structured deposits, takes into consideration, where appropriate, comments received during a public consultation earlier this year.

    11/12/2014 - Press releases

  • EBA invites input on passport notification requirements for mortgage credit intermediaries

    The European Banking Authority (EBA) published today a discussion paper on the draft requirements for passport notifications for mortgage credit intermediaries across the EU. The requirements will ensure that information about credit intermediaries that carry out business in one or more Member States is exchanged consistently between the competent authorities of the home Member State and of the host Member State. The paper issued today contains the EBA’s preliminary considerations on the issue. It aims at promoting discussion and gathering preliminary stakeholders’ views at an early stage of the process, so as to inform the upcoming work on the topic. The consultation runs until 12 March 2015.

    11/12/2014 - News

  • EBA provides overview on the implementation and transposition of the CRD IV package

    The EBA published today, in an aggregated format, all the information disclosed by EU Competent Authorities according to its Implementing Technical Standards (ITS) on supervisory disclosure which was published in the EU Official Journal on 4 June 2014. This information provides an overview on the implementation and transposition of the Capital Requirements Directive (CRDIV) and Capital Requirements Regulation (CRR) across the EU. It also provides a detailed picture on the use of options and national discretions by each and every EU Member State. Finally, it provides aggregate statistical data on the EU banking sector as at end 2013.

    10/12/2014 - News

  • The EBA is relocating to new premises

    On 15 December 2014, the EBA will move to its new offices in Canary Wharf, London. Here is all the relevant information on the new EBA premises and changes in the address that you may want to take into consideration for your meetings and correspondence.

    02/12/2014 - News

  • The Joint Board of Appeal of the ESAs decides on the inadmissibility of an appeal brought by IPE sprl, a company based in Brussels, against a decision by ESMA

    The Joint Board of Appeal of the European Supervisory Authorities published today its decision in an appeal brought by Investor Protection Europe (IPE) sprl, a company based in Brussels, against a decision of the European Securities and Markets Authority (ESMA) of 10 June 2014 not to initiate an investigation under Article 17 of the ESMA Regulation regarding an alleged breach of Union law by the Commission de Surveillance du Secteur Financier of Luxembourg. The Board of Appeal unanimously decided that the appeal was inadmissible, and in the light of that decision, did not consider the substance of IPE’s complaint

    02/12/2014 - News

  • EBA consults on criteria for determining the minimum requirement for own funds and eligible liabilities (MREL)

    The European Banking Authority (EBA) launched today a public consultation on draft Regulatory Technical Standards (RTS) further specifying the criteria to set the minimum requirement for own funds and eligible liabilities (MREL) laid down in the Bank Recovery and Resolution Directive (BRRD). The aim of these standards is to achieve an appropriate degree of convergence in how these criteria are interpreted and applied across the EU to ensure a level playing field. Institutions with similar risk profiles, resolvability and other characteristics in any Member State should have similar levels of MREL. The consultation runs until 27 February 2015.

    28/11/2014 - Press releases

  • EBA publishes an Opinion on the perimeter of credit institutions

    The European Banking Authority (EBA) published today an Opinion addressed to the European Commission, relating to the perimeter of credit institutions and namely to the different approaches across EU Member States on the interpretation of the definition of ‘credit institution’ in the Capital Requirements Regulation (CRR). The Opinion is based on a report, also published today, in which the EBA summarises the findings of a comprehensive study, which focuses on the interpretation of the term ‘credit institution’ and the prudential treatment of those entities established in the Union which carry on credit intermediation but are not ‘credit institutions’.

    27/11/2014 - Press releases

  • EBA to hold a public hearing on upcoming CVA report

    The European Banking Authority (EBA) will hold a public hearing in London on Friday 5 December 2014 from 09.00 am to 11.00 am GMT on the draft Credit Valuation Adjustment (CVA) report to be submitted to the EU Commission.

    26/11/2014 - News

  • Revised RBS 2014-EU wide stress test results

    The Royal Bank of Scotland Group plc (RBS) has resubmitted its 2014 EU-wide stress test results following a recalculation of its Common Equity Tier 1 (CET1) capital ratios. The amended templates are now available on the EBA website.

    21/11/2014 - News

  • ESAs launch call for expressions of interest to support work on PRIIPs

    The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA) launched today a call for expressions of interest with the aim of identifying members of a Consultative Expert Group (CEG), who will advise and provide technical input to the Joint Committee’s Sub-group on Key Information Documents for Packaged Retail and Insurance-based Investment Products (PRIIPs).

    18/11/2014 - News

  • ESAs share initial views on consumer-friendly Key Information Documents on investment products across the EU

    The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA) published today a Discussion Paper on Key Information Documents (KIDs) designed to help retail investors in the EU better understand and compare packaged retail and insurance-based investment products (PRIIPs) across the EU. The ESAs are looking for feedback from all concerned stakeholders by 17 February 2015.

    17/11/2014 - Press releases

  • EBA consults on assessment methodology for IRB approach

    The European Banking Authority (EBA) launched today a consultation on its draft Regulatory Technical Standards (RTS) on assessment methodology for internal ratings-based (IRB) approach. These draft RTS are a key component of the EBA’s work to ensure consistency in models outputs and comparability of risk-weighted exposures and will contribute to harmonise the supervisory assessment methodology across all EU Member States.. The consultation runs until 12 March 2015.

    12/11/2014 - News

  • EBA consults on guidelines on the use of the bail-in power

    The European Banking Authority (EBA) lunched today two public consultations on (i) Guidelines on the treatment of shareholders when applying the bail-in tool or the write down or conversion of capital instruments and (ii) Guidelines on when and how different conversion rates from debt to equity should be set for different types of liability. These two sets of Guidelines are part of a series of EBA regulatory mandates under the Bank Recovery and Resolution Directive (BRRD), which aim to ensure that the bail-in power is an effective way of absorbing losses and recapitalising banks in resolution, and that resolution authorities and other stakeholders have a clear understanding of the terms on which it should be applied. Both consultations run until 6 February 2015.

    11/11/2014 - Press releases

  • EBA consults on guidelines on product oversight and governance arrangements for retail banking products

    The European Banking Authority (EBA) published today a consultation paper on draft Guidelines on product oversight and governance arrangements for retail banking products. The guidelines, which apply to both manufacturers and distributors of retail banking products, aim at ensuring that the interests, objectives and characteristics of consumers are taken into account when such products are designed and brought to market. The consultation will run until 10 February 2015.

    10/11/2014 - Press releases

  • EBA consults on methods for calculating contributions to Deposit Guarantee Schemes

    The European Banking Authority (EBA) launched today a public consultation on its draft Guidelines on methods for calculating contributions to Deposit Guarantee Schemes (DGSs). The Guidelines set principles and specify necessary elements for calculating risk-based contributions to DGSs, with a view to curbing moral hazard while building up the necessary financial resources for DGSs. The Guidelines foster convergence in contributions practices across the EU, promoting level playing field for banks within the Single Market. The consultation runs until 11 February 2015.

    10/11/2014 - News

  • EBA consults on valuation in recovery and resolution

    The European Banking Authority (EBA) launched today a consultation on its draft Regulatory Technical Standards (RTS) on valuation in recovery and resolution. These draft RTS aim to provide a common structure to decisions made by resolution authorities and independent valuers and to promote a consistent application of methodologies for such valuations across the EU. The consultation runs until 6 February 2015.

    07/11/2014 - News

  • ESAs Joint Letter to the Economic and Financial Affairs Council (ECOFIN) on the ESAs budget 2015

    ESAs published today a Joint Letter to the Economic and Financial Affairs Council (ECOFIN) on the ESAs’ budget 2015.

    06/11/2014 - News

  • EBA consults on guidelines aimed at standardisation of fee terminology for payment accounts in the EU

    The European Banking Authority (EBA) published today a consultation paper on Guidelines on national provisional lists of the most representative services linked to a payment account and subject to a fee. The EU Payment Accounts Directive requires the EBA to develop standardised terminology and information documents related to payment accounts for consumers across the EU. As a first step, the EBA has developed Guidelines to help Competent Authorities identify the most representative services linked to a payment account and subject to a fee in their jurisdictions. The consultation will run until 9 January 2015. The technical standards that will subsequently be developed will allow EU consumers to make better informed decisions when choosing their payment accounts.

    05/11/2014 - News

  • EBA consults on contractual recognition of bail-in

    The European Banking Authority (EBA) launched today a consultation on its draft Regulatory Technical Standards (RTS) under Article 55(3) of the Bank Recovery and Resolution Directive (BRRD). These RTS support the effective application of the write-down and conversion powers in relation to liabilities governed by the law of a third country. The consultation is part of the EBA’s work to promote the effective application of recovery and resolution powers to banks and banking groups with a cross-border presence and to foster convergence of practices between relevant authorities and institutions across the EU. The consultation runs until 5 February 2015.

    05/11/2014 - News

  • EBA consults on materiality threshold of credit obligation past due

    The European Banking Authority (EBA) launches today a public consultation on its draft Regulatory Technical Standards (RTS) on materiality threshold of past due credit obligations. The EBA proposes a series of new conditions against which National Supervisory Authorities (NSAs) should set a materiality threshold for past due credit obligations. The consultation runs until 31 January 2015.

    31/10/2014 - News

  • EBA, ESMA and EIOPA publish addendum to joint consultation on mapping of ECAIs

    The Joint Committee of the three European Supervisory Authorities (EBA, ESMA and EIOPA - ESAs) published today an addendum to the joint consultation on the mapping of the credit assessments to risk weights of External Credit Assessment Institutions (ECAIs). The addendum provides further details on the application of the rules proposed in the draft Implementing Technical Standards (ITS) in relation to particular ECAIs and is to be considered as an extension of the consultation process. The consultation period will be reopened until 30 November 2014 in order to collect additional comments.

    30/10/2014 - News

  • Clarification statement by Andrea Enria, EBA Chairperson, following his address at FRSN conference in Berlin

    The EBA released a clarification statement following Andrea Enria's address at the FRSN conference in Berlin on "The Comprehensive Assessment, the ECB’s New Role and Limits of a Common Supervision in the EU".

    30/10/2014 - Press releases

  • EBA advises on the application of prudential requirements for credit and investment institutions

    The European Banking Authority (EBA) published today an opinion addressed to the European Commission on the appropriateness of the rules governing the levels of application of prudential requirements for credit and investment institutions (Pillar 1 and 2), in particular the exemption regime.

    29/10/2014 - News

  • Responses of Bulgarian authorities to EBA recommendation

    The EBA has today published the responses received from the Bulgarian authorities in relation to the cases of Corporate Commercial Bank AD (KTB) and Commercial Bank Victoria EAD (VCB). As the requirements of the recommendation adopted by the EBA have not been implemented, the EBA has formally notified the European Commission in accordance with Article 17(4) of Regulation (EU) No 1093/2010.

    29/10/2014 - News

  • EBA publishes 2014 EU-wide stress test results

    The European Banking Authority (EBA) published today the results of the 2014 EU-wide stress test of 123 banks. The aim of the stress test is to assess the resilience of EU banks to adverse economic developments, so as to understand remaining vulnerabilities, complete the repair of the EU banking sector and increase confidence. On average, EU banks’ common equity ratio (CET1) drops by 260 basis points, from 11.1% at the start of the exercise, after the asset quality reviews’ (AQRs) adjustment, to 8.5% after the stress. By disclosing these results, the EBA is providing unparalleled transparency into EU banks’ balance sheets, with up to 12,000 data points per bank, an essential step towards enhancing market discipline in the EU.

    26/10/2014 - Press releases

  • EBA video on the EU-wide stress test

    Piers Haben, Director of the EBA Oversight, explains in a short video all that’s needed to know on the 2014 EU-wide stress test. Take a look at this dedicated multimedia section on the stress test: https://www.eba.europa.eu/risk-analysis-and-data/eu-wide-stress-testing/2014/visual-material-and-infographics#video

    23/10/2014 - News

  • Updated list of identified Financial Conglomerates

    The Joint Committee publishes the 2014 List of Identified Financial Conglomerates. The latest version of the list shows 71 financial conglomerates with the head of group in an EU/EEA country, one with the head of group in Australia, two with the head of the group in Switzerland, and two with the head of group in the United States.

    23/10/2014 - News

  • EBA issues revised list of ITS validation rules

    The European Banking Authority (EBA) issued today a revised list of validation rules in its Implementing Technical Standards (ITS) on supervisory reporting, highlighting those which have been deactivated either for incorrectness or for triggering IT problems. National authorities throughout the EU are informed that data submitted in accordance with these ITS should not be validated against the set of deactivated rules.

    22/10/2014 - News

  • All you need to know about the 2014 EU-wide stress test

    What is a stress test? Why do we need an EU-wide stress test? What is the role of the EBA in the exercise? The new EBA infographics will help you find out more about the EU-wide stress test, including how to read key figures and findings, ahead of the release of the 2014 results. Visit this dedicated section aslo to learn more about what will be disclosed and how on Sunday 26 October. You can now follow the latest news from the EBA on Twitter, look up @EBA_News on Twitter or click on https://twitter.com/EBA_News

    22/10/2014 - News

  • EBA notifies breach of EU law to Bulgarian authorities

    The European Banking Authority (EBA) has adopted a formal recommendation addressed to the Bulgarian National Bank (BNB) and the Bulgarian Deposit Insurance Fund (BDIF) notifying that they are breaching Article 1(3)(i) and Article 10 of Directive 94/19/EC (the Deposit Guarantee Schemes Directive - DGSD). The EBA also informs the two national authorities of the actions that they need to follow in order to comply with their obligations under EU legislation.

    20/10/2014 - Press releases

  • EBA consults on implementation of Guidelines on internet payments security

    The European Banking Authority (EBA) published today a consultation paper on the implementation of its Guidelines on the security of internet payments. These Guidelines are the first output of the joint work undertaken by the EBA and the European Central Bank (ECB) on the security of payment services. The consultation will run until 14 November 2014.

    20/10/2014 - News

  • EBA and ECB step up cooperation to make retail payments safer

    SecuRe Pay forum to provide input for the development of EBA regulatory and supervisory requirements, as well as European Central Bank oversight standards for retail payments. EBA meanwhile publishes consultation paper on the security of internet payments, also based on the SecuRe Pay recommendations.

    20/10/2014 - Press releases

  • EBA discloses probe into EU bankers allowances

    The European Banking Authority (EBA) published today the findings of its investigation regarding discretionary remuneration practices across the EU banking sector. The report shows that some institutions have classified the so-called ‘role-based’ allowances in a way that increases the fixed component of remuneration, which may impact on the limitation of the bonus cap. As a result of this analysis, the EBA issued an Opinion to the European Commission and EU competent authorities calling for supervisors to ensure that institutions’ remuneration practices on allowances comply with EU legislation.

    15/10/2014 - Press releases

  • EBA consults on simple, standard and transparent securitisations and their potential regulatory recognition

    The EBA launched today a public consultation on its discussion paper on simple, standard and transparent securitisations. The work is the initial response of the Authority to the European Commission's call for advice on identifying a prudentially sound securitisation market and its regulatory treatment, aimed at widening long-term funding opportunities for the European economy. The consultation runs until 14 January 2015.

    14/10/2014 - News

  • EBA releases work plans for 2015

    The European Banking Authority (EBA) published today its work programme for 2015, describing its main objectives and deliverables in the forthcoming year. In 2015, the EBA will progress with its activities aimed at building a single regulatory and supervisory framework for the entire banking sector in the 28 EU Member States, while ensuring that risk assessment in the EU banking sector remains a key priority. The Authority will also carry on with its work for consumers in the banking sector, enhancing their protection from detriment and their fair and equal treatment across the entire EU.

    13/10/2014 - Press releases

  • EBA acknowledges adoption by the European Commission of LCR and LR delegated acts

    The European Banking Authority (EBA), notes the Commission’s adoption of the delegated act on the liquidity coverage requirement (LCR) and leverage ratio (LR), for which the EBA had provided its technical advice. In this respect, the EBA will remain vigilant on the implementation and further impact of these provisions in particular on the business and the risk profile of institutions.

    10/10/2014 - News

  • EBA announces 2014 EU-wide stress test publication date

    The European Banking Authority (EBA) will publish the 2014 EU-wide stress test results on Sunday 26 October 2014. The stress test, which assesses the resilience of EU banks to a hypothetical adverse macroeconomic scenario, uses a common methodology developed by the EBA, and applies it consistently across all participating banks. With up to 12,000 data points per bank disclosed, it will provide an unmatched level of transparency into the EU banking sector. Simultaneously, the ECB will be publishing the results of its Comprehensive Assessment (CA).

    10/10/2014 - Press releases

  • The Joint Committee of the ESAs publishes 2015 Work Programme

    The Joint Committee of the European Supervisory Authorities (EBA, ESMA and EIOPA) published today its Work Programme for the upcoming year. Throughout 2015, the Joint Committee will continue to give high priority to Consumer Protection and Cross-Sectoral Risk Analysis.

    10/10/2014 - News

  • EBA reports on Additional Tier 1 (AT1) of EU institutions

    The report presents the first results of the review done by the European Banking Authority (EBA) on the issuances of Additional Tier 1 (AT1) capital instruments. The Capital Requirements Regulation (CRR) tasks the EBA with monitoring the quality of own funds instruments issued by institutions across the European Union (EU). This review is preliminary and the EBA expects to gather further insight on the basis of future issuances.

    07/10/2014 - News

  • EBA consults on group financial support

    The EBA launched today a consultation on draft Regulatory Technical Standards (RTS) and Guidelines specifying the various conditions for the provision of group financial support, and on draft Implementing Technical Standards (ITS) on the disclosure of group financial support agreements. These Technical Standards and Guidelines have been developed within the framework established by the Bank Recovery and Resolution Directive (BRRD) and aim at strengthening integrated risk management by removing possible uncertainties around supporting entities in distress within the same group. The consultation runs until 4 January 2015.

    03/10/2014 - News

  • EBA consults on treatment of liabilities in bail-in

    The European Banking Authority (EBA) launched today a consultation on draft Guidelines clarifying the interrelationship between the sequence in which liabilities should be written down or converted when the bail-in power introduced by the Bank Recovery and Resolution Directive (BRRD) is used, and the hierarchy of capital instruments in the Capital Requirements Regulation (CRR). This is the first of several EBA regulatory mandates under the BRRD which aim to ensure that bail-in power is an effective way of absorbing losses and recapitalising banks in resolution and that resolution authorities and other stakeholders have a clear understanding of the terms under which it should be applied. The consultation runs until 3 January 2015.

    01/10/2014 - News

  • EBA introduces new feature to its Single Rulebook Q&A tool

    As of today, the EBA has introduced an additional improvement to its Single Rulebook Q&A tool that is intended to facilitate the review of Q&As. In the ‘Search for Q&As’ section, users now have the possibility to export all or a sub-set of Q&As into a PDF format. For additional information please refer to point 17 of the Additional background and guidance for asking questions.

    30/09/2014 - News

  • EBA publishes indicators from global systemically important institutions (G-SIIs)

    The European Banking Authority (EBA) published today indicators from global systemically important institutions (G-SIIs) as provided for in the Implementing Technical Standards (ITS) and Guidelines on disclosure rules applicable to large institutions.

    29/09/2014 - Press releases

  • EBA consults on qualitative and quantitative recovery plan indicators

    The EBA launched today a consultation on Guidelines identifying the minimum qualitative and quantitative indicators that institutions should include in their recovery plans. The proposed Guidelines have been developed within the framework established by the Bank Recovery and Resolution Directive (BRRD) for the recovery and resolution of credit institutions and investment firms. The consultation runs until 2 January 2015.

    26/09/2014 - News

  • EBA consults on guidelines on payment commitments to deposit guarantee schemes

    The EBA launched today a consultation on Guidelines on payment commitments to deposit guarantee schemes. These Guidelines are part of the EBA's work to promote a consistent and coherent approach to deposit guarantee schemes across the European Union (EU). The consultation runs until 2 January 2015.

    25/09/2014 - News

  • EBA consults on the eligibility of institutions for simplified obligations for recovery and resolution planning

    The European Banking Authority (EBA) launched today two consultations on its draft Guidelines and Implementing Technical Standards (ITS) related to recovery planning, resolution planning and resolvability assessments under the Bank Recovery and Resolution Directive (BRRD). The Guidelines define how EU authorities should assess whether an institution is eligible for simplified obligations. The EBA will monitor any divergence of approach in the application of simplified obligations and will report accordingly to the European Parliament, the Council and the Commission. The papers launched for consultation today are part of the EBA’s work to promote convergence of practices between competent and resolution authorities across the EU. These consultations run until 3 January 2015.

    25/09/2014 - News

  • EBA investigates possible breach of EU law in Bulgaria

    Following a stage of preliminary enquiries, the Chairman of the European Banking Authority (EBA) has opened an investigation into an alleged breach of Union law by competent authorities in the Republic of Bulgaria.

    25/09/2014 - Press releases

  • EBA consults on the implementation of resolution tools

    The EBA consults on three sets of Guidelines related to the Bank Recovery and Resolution Directive (BRRD). The documents aim at facilitating the implementation of resolution tools in the EU banking sector, and in particular at regulating the sale of business tool and the asset separation tool, as well as the transfer of an institution or its assets under any of the resolution tools. The consultation runs until 22 December 2014.

    24/09/2014 - News

  • Introductory remarks by Andrea Enria: Hearing at the Committee on Economic and Monetary Affairs (ECON) of the European Parliament

    This statement was delivered during the annual public hearing of the chairpersons of the three European Supervisory Authorities (ESAs) at the Committee on Economic and Monetary Affairs (ECON) of the European Parliament.

    23/09/2014 - News

  • EBA publishes Guidelines on recovery and resolution

    The European Banking Authority (EBA) published today its final Guidelines specifying the type of tests, review or exercises that may lead to extraordinary public support measures for institutions in the banking sector. These Guidelines aim at promoting a consistent and coherent approach to bank resolution across the European Union and will be part of the EU Single Rulebook in the banking sector.

    22/09/2014 - Press releases

  • EBA consults on triggers for early intervention and resolution

    The European Banking Authority (EBA) launched today a consultation on two draft Guidelines on (i) the triggers for using early intervention measures (triggers for early intervention) and on (ii) the circumstances under which an institution shall be considered as ‘failing or likely to fail’ (triggers for resolution). Both Guidelines ensure continuum between the on-going supervision conducted by national authorities in line with the CRD, and the Bank Recovery and Resolution Directive (BRRD). They aim at promoting convergence of supervisory and resolution practices in relation to how resolution should be triggered and how to apply early intervention measures. The consultations run until 22 December 2014.

    22/09/2014 - News

  • EU Supervisory Authorities update on risks in EU financial system

    The Joint Committee of the European Supervisory Authorities (ESAs) published today its bi-annual report on risks and vulnerabilities in the European Union's (EU) financial system. The report identifies a number of risks to financial stability in the EU, including prolonged weak economic growth in an environment characterised by high indebtedness, intensified search for yield in a protracted low interest rate environment, and uncertainties in global emerging market economies. The report also highlights risks related to conduct of business and Information Technologies (IT).

    22/09/2014 - Press releases

  • EBA publishes results of the Basel III monitoring exercise as of 31 December 2013

    The European Banking Authority (EBA) published today its sixth report of the Basel III monitoring exercise on the European banking system. This exercise, run in parallel with the one conducted by the Basel Committee on Banking Supervision (BCBS) at a global level, allows the gathering of aggregate results on capital, liquidity (liquidity coverage ratio (LCR) and net stable funding ratio (NSFR)) and leverage ratios for banks in the European Union (EU).

    11/09/2014 - Press releases

  • EBA publishes final templates for the 2014 EU-wide stress test

    The European Banking Authority (EBA) published today the final templates for the 2014 EU-wide stress test. These are common templates for all EU banks and illustrate the type and the format of data that will be disclosed on a bank by bank basis. The EBA will act as the central data hub for all EU banks providing a comprehensive dataset in an editable and user-friendly format. By disclosing data in a consistent and comparable way across the Single Market, the EBA will bring greater transparency to EU banks, contributing to enhanced market discipline of the entire EU banking sector.

    20/08/2014 - Press releases

  • EBA publishes new XBRL taxonomy for remittance of supervisory reporting as of 31 December 2014

    The European Banking Authority (EBA) published today a new XBRL taxonomy to be used by competent authorities for remittance of data under the EBA Implementing Technical Standards (ITS) on supervisory reporting. The new taxonomy will have as reference date 31 December 2014 onwards and will be used for the first reports on asset encumbrance and funding plans. The new taxonomy presents the data items, business concepts, relations, visualisations and validation rules described by the EBA Data Point Model (DPM) which are contained in the ITS on supervisory reporting and in the EBA Guidelines on definitions and templates on funding plans.

    18/08/2014 - Press releases

  • EBA welcomes the publication of the European Commission report on the operation of the ESFS

    The European Commission published today its Report on the operation of the European Supervisory Authorities (ESAs) and the European System of Financial Supervision (ESFS). The report recognises the overall effectiveness and efficiency of the three European Supervisory Authorities in contributing to restoring confidence in the financial sector and promoting the Single Rulebook. It also identifies areas where adjustments might be needed in order to improve and strengthen the functioning of the current institutional set up, also in light of the establishment of the Banking Union.

    08/08/2014 - News

  • EBA publishes final technical standards on the treatment of equity exposures under the IRB approach

    The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) specifying the treatment of equity exposures under the internal ratings-based (IRB) approach. These RTS will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in the European Union.

    05/08/2014 - Press releases

  • EBA consults on criteria for intervention on structured deposits under MiFIR

    The European Banking Authority (EBA) published today a paper laying out criteria for its task of exercising intervention powers on structured deposits. The paper is launched for a public consultation that will run until 5 October 2014. The work is carried out in accordance with the Markets in Financial Instruments Regulation (MiFIR) which requires the EBA to monitor the market for structured deposits marketed, distributed or sold in the European Union.

    05/08/2014 - News

  • EBA issues revised set of Q&As on supervisory reporting

    Following the publication of Regulation (EU) No 680/2014 (ITS on supervisory reporting of the institutions) on the Official Journal of the European Union, the corresponding provisional Q&As have been updated and in some instances amended to reflect the published ITS. The EBA published a new set of final Q&As on supervisory reporting. In order to facilitate consultation, all revisions have been highlighted in the new set of final Q&As.

    01/08/2014 - News

  • The Joint Committee of the ESAs reminds financial institutions of their responsibilities when placing their own financial products with consumers

    The Joint Committee of the European Supervisory Authorities (EBA, EIOPA and ESMA) published a reminder to banks and insurance companies across the EU on the consumer protection requirements that apply to certain financial instruments they issue. In addition, ESMA highlighted specific risks posed to investors by contingent convertible instruments (CoCos).

    31/07/2014 - Press releases

  • EBA issues amended technical standards on supervisory reporting for institutions

    The European Banking Authority (EBA) published today its Final draft Implementing Technical Standards (ITS) amending the Commission’s Implementing Regulation (EU) No 680/2014 on supervisory reporting under Regulation (EU) No 575/2013 of the European Parliament and of the Council. These final draft ITS include minor changes to templates and instructions which the EBA deemed necessary to publish in order to reflect some of the answers published in its Single Rulebook Q&As, as well as to correct legal references and other clerical errors. The amendments are expected to be applicable for reporting as of December 2014.

    30/07/2014 - Press releases

  • EBA issues revised version of some of its technical standards

    The European Banking Authority (EBA) published today the updated versions of three final drafts Implementing Technical Standards (ITS) on Asset Encumbrance, Non-Performing Exposures and Forbearance, and Additional Monitoring Metrics for Liquidity. The three versions published today substitute those previously issued on the same topics.

    25/07/2014 - Press releases

  • EBA publishes peer review on the implementation of credit concentration risk guidelines

    The European Banking Authority (EBA) published today a peer review on the implementation of its guidelines on the management of concentration risk under the supervisory review process (SREP). The report shows that National Competent Authorities (NCAs) largely comply with the assessed guidelines (GL31) and credit concentration risk forms an integral part of NCAs’ risk assessment system.

    24/07/2014 - News

  • EBA, ESMA and EIOPA consult on technical standards for financial conglomerates risk concentration and intra-group transactions

    The Joint Committee of the three European Supervisory Authorities (ESAs - EBA, ESMA and EIOPA) launched today a consultation on draft Regulatory Technical Standards (RTS) on risk concentration and intra-group transactions within financial conglomerates. The technical standards aim at enhancing supervisory consistency in the application of the Financial Conglomerates Directive (FICOD). The consultation runs until 24 October 2014.

    24/07/2014 - News

  • EBA issues opinion on a structural measure impacting limits to intra-group large exposures notified by France

    The European Banking Authority (EBA) published its Opinion on a draft structural measure of banking separation impacting the limits to intra-group large exposures that France intends to implement at national level. The EBA Opinion assessed the measures laid down in the French legal framework and found that such measure is consistent with the general principles governing the EU internal market.

    23/07/2014 - News

  • EBA consults on criteria to assess other systemically important institutions (O-SIIs)

    The European Banking Authority (EBA) launched today a consultation on draft Guidelines setting forth criteria to identify institutions that are systemically important either at Member State or Union level, the so called ‘other systemically important institutions’ (O-SIIs). The Guidelines aim at achieving an appropriate degree of convergence in the identification process as well as at ensuring a comparable, clear and transparent assessment of O-SIIs. The consultation runs until 18 October 2014.

    18/07/2014 - Press releases

  • EBA publishes final draft technical standards and guidelines on recovery plans

    The European Banking Authority (EBA) published today two final draft Regulatory Technical Standards (RTS) specifying (i) the information to be included in a recovery plan, and (ii) the criteria which competent authorities should apply when assessing the recovery plan of an institution or a group. The final draft RTS are complemented by Guidelines providing the range of scenarios to be used when testing recovery plans. These standards and Guidelines aim to facilitate bank recovery on a cross-border basis and enhance financial stability by ensuring consistent high regulatory standards in this area and a level playing field across the EU. They will provide the common framework and language which are indispensable for effective joint assessment of recovery plans for cross-border groups and will form part of the European Single Rulebook in banking.

    18/07/2014 - Press releases

  • The Joint Board of Appeal of the ESAs dismisses appeal by an Estonian company

    The Joint Board of Appeal of the European Supervisory Authorities (the European Banking Authority, the European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority) published today its decision in an appeal brought by SV Capital OÜ, an Estonian company, against a decision of the EBA. This was the second appeal to be considered by the Board of Appeal in this matter between the same parties concerning the question whether the suitability of the managers of a significant branch of a bank raised a question of Union law.

    18/07/2014 - News

  • EBA issues revised list of ITS validation rules

    The European Banking Authority (EBA) issued today a revised list of validation rules in its Implementing Technical Standards (ITS) on supervisory reporting, highlighting those which have been deactivated either for incorrectness or for triggering IT problems. National authorities throughout the EU are informed that data submitted in accordance with these ITS should not be validated against the set of deactivated rules.

    17/07/2014 - News

  • EBA publishes revised guidelines on high earners data collection and remuneration benchmarking

    The European banking Authority (EBA) published today revised Guidelines on (i) the data collection exercise regarding high earners and (ii) on the remuneration benchmarking exercise. The update ensures that the data collection is in line with the amended provisions laid down in the Capital Requirements Directive (CRD IV), which provides for higher quality of the collected data and will increase transparency of remuneration paid to high earners. The updated Guidelines repeal those published on 27 July 2012.

    16/07/2014 - Press releases

  • EBA consults on technical standards on independent valuers

    The European Banking Authority (EBA) launched today a consultation on draft Regulatory Technical Standards (RTS) setting out the general criteria against which a valuer should be assessed to determine whether (s)he complies with the legal requirement of independence when performing valuation tasks with respect to a bank under resolution. These RTS are part of the EBA's work to promote a consistent and coherent approach to bank resolution across the European Union and will contribute to the completion of the Single Rulebook in the EU banking sector. The consultation runs until 11 October 2014.

    11/07/2014 - News

  • EBA publishes Q&As and additional template for CVA data collection exercise

    The European Banking Authority (EBA) published today a list of Q&As on the Credit Valuation Adjustment (CVA) data collection exercise, which was launched on 30 April 2014 with the aim of advising the European Commission on appropriate amendments to the CVA framework at EU level and inform discussions on the CVA risk charge in Basel.

    10/07/2014 - News

  • EBA consults on tests, reviews and exercises that may lead to public support measures

    The EBA launched today a consultation on its draft Guidelines specifying the type of tests, review or exercises that may lead to extraordinary public support measures for institutions. These Guidelines are part of the EBA’s work to promote the consistent and coherent approach to bank resolution across the European Union. The consultation runs until 9 August 2014.

    09/07/2014 - News

  • EBA consults on resolution planning and on measures to address impediments to resolvability

    The EBA launched today two consultations on draft Regulatory Technical Standards (RTS) on resolution planning and on draft Guidelines on measures to reduce or remove impediments to resolvability. These RTS and Guidelines are part of the EBA’s work to promote a consistent and coherent approach to bank resolution across the European Union. Both consultations run until 9 October 2014.

    09/07/2014 - Press releases

  • EBA advises the European Commission on the macroprudential rules laid down in the CRR/CRD

    The EBA publishes today an Opinion on the macroprudential tools laid down in the Capital Requirement Regulation (CRR) and Directive (CRDIV). The Opinion assesses whether the current rules are effective, efficient and transparent as well as the possible degrees of overlap across different macroprudential tools and the consistency of the EU framework with global standards. The Opinion also includes policy recommendations that the EU Commission should consider in its review of the macroprudential toolkit.

    08/07/2014 - Press releases

  • EBA publishes new XBRL taxonomy for remittance of supervisory reporting as of 30 September 2014

    The European Banking Authority (EBA) published today an XBRL taxonomy to be used by competent authorities for remittance of data under the EBA Implementing Technical Standards (ITS) on supervisory reporting. It presents the data items, business concepts, relations, visualisations and validation rules described by the EBA Data Point Model (DPM) contained in the ITS on supervisory reporting, including the amendments relating to asset encumbrance, forbearance and non-performing exposures. The taxonomy proposed by the EBA will lead to greater efficiency in and convergence of supervisory practices across Members States. The reference date is as of 30 September 2014 onwards and it includes the first reports under FINREP.

    08/07/2014 - Press releases

  • EBA publishes final guidelines on significant credit risk transfer for securitisation transactions

    The European Banking Authority (EBA) published today a final set of Guidelines that will support both originator institutions and competent authorities in the assessment of significant risk transfer (SRT) for securitisation transactions. These Guidelines will be part of the EU Single Rulebook in the banking sector and will ensure harmonised assessment and treatment of significant risk transfer across all EU Member States.

    07/07/2014 - Press releases

  • EBA consults on a framework for common supervisory procedures and methodologies

    The European Banking Authority (EBA) launched today a consultation on its draft Guidelines for common procedures and methodologies for the supervisory review and evaluation process (SREP). These guidelines will be applied in the supervision of all institutions across the Union and represent a major step forward in forging a consistent supervisory culture across the single market. The guidelines provide a common framework for the work of supervisors in their assessment of risks to banks’ business models’, their solvency and liquidity. These guidelines will be a key component of the EU Single Rulebook aimed at improving the functioning of the internal market, including a sound, effective and consistent level of regulation and supervision in the banking sector. The consultation runs until 7 October 2014.

    07/07/2014 - Press releases

  • EBA publishes final draft technical standards on conditions for assessing materiality of extensions and changes of internal approaches for market risk

    The European Banking Authority (EBA) published today its final Regulatory Technical Standards (RTS) specifying the conditions for assessing the materiality of extensions and changes of the Internal Models Approach (IMA) for market risk. These RTS complement and amend the standards on the rules for credit and operational risk which were adopted and published in the EU Official Journal on 20 May 2014.

    04/07/2014 - Press releases

  • EBA publishes final draft technical standards on the margin periods of risk for the treatment of clearing members exposures to clients

    The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) specifying the minimum margin periods of risk (MPOR) that institutions acting as clearing members may use for the calculation of their capital requirements for exposures to clients. These RTS will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in the European Union.

    04/07/2014 - Press releases

  • EBA proposes potential regulatory regime for virtual currencies, but also advises that financial institutions should not buy, hold or sell them whilst no such regime is in place

    The European Banking Authority (EBA) published today an Opinion addressed to the EU Council, European Commission and European Parliament setting out the requirements that would be needed to regulate ‘virtual currencies’. The Opinion is also addressed to national supervisory authorities and advises to discourage financial institutions from buying, holding or selling virtual currencies while no regulatory regime is in place.

    04/07/2014 - Press releases

  • EBA consults on technical standards on home host cooperation in the EU banking sector

    The EBA launched a public consultation on standards on colleges of supervisors and on standards on joint decisions on approval of internal models. The technical standards on colleges detail supervisory activities performed by colleges in going concern and emergency situations, while the ITS on joint decisions relate to the approval of internal models and detail the processes to be followed by competent authorities when reaching joint decisions. These standards aim at facilitating the interaction and cooperation between authorities at EU and global level and strengthening supervision of cross-border banking groups across the EU.

    03/07/2014 - News

  • EBA advises on the prudential filter for gains and losses from own credit risk related to derivatives

    The European Banking Authority (EBA) published today its technical advice to the European Commission on the use of a prudential filter for gains and losses arising from banks’ own credit risk of derivatives. The Authority considers as appropriate not to deviate from the current prudential approach applied at the international level under the Basel III rules, i.e. full deduction of institutions’ own credit risk of derivatives. The work of the EBA will inform the work of the EU Commission on the topic.

    02/07/2014 - Press releases

  • EBA publishes lists for the calculation of capital requirements for credit risk

    The European Banking Authority (EBA) published today a series of lists in the field of credit risk, in accordance with the EU Capital Requirements Regulation (CRR). These lists will assist EU institutions in the determination of their capital requirements for credit risk.

    02/07/2014 - Press releases

  • EBA supports capital treatment of covered bonds, but calls for additional eligibility criteria

    The European Banking Authority (EBA) published today an opinion on the preferential capital treatment of covered bonds and a detailed report on the European covered bonds frameworks. While expressing support for the current approach laid down in the Capital Requirements Regulation (CRR), the EBA recommends additional criteria to qualify for preferential treatment. The opinion also calls for further clarifications on current disclosure requirements and provides advice on the preferential treatment of some specific cover assets. Finally, based on the analysis presented in the report, the EBA has identified a series of best practices ensuring a robust and consistent regulatory framework for covered bonds.

    01/07/2014 - Press releases

  • EBA publishes guidelines on harmonised definitions and templates for funding plans of credit institutions

    The European Banking Authority (EBA) published today its final Guidelines on harmonised definitions and templates for funding plans of credit institutions. These Guidelines aim at harmonising reporting of funding plans across the EU.

    30/06/2014 - Press releases

  • EBA publishes guidelines on disclosure of encumbered and unencumbered assets

    The European Banking Authority (EBA) published today its final Guidelines on disclosure of encumbered and unencumbered assets. They are the first step towards a harmonised disclosure framework of asset encumbrance in the EU and have been drafted in accordance with Recommendation D of the European Systemic Risk Board (ESRB).

    27/06/2014 - Press releases

  • EBA consults on technical standards on countercyclical buffer disclosure

    The European Banking Authority (EBA) launched today public consultation on its draft regulatory technical standards (RTS) on disclosure of information related to the countercyclical capital buffer. These RTS will be part of the EU Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector. The consultation runs until 27 September 2014.

    27/06/2014 - News

  • EBA consults on technical standards on the permanent and temporary uses of the IRB approach

    The European Banking Authority (EBA) launched today a consultation on its draft Regulatory Technical Standards (RTS) specifying the conditions for the permanent and temporary uses of the Standardised Approach (SA) by institutions that have received permission to use the Internal Ratings Based (IRB) Approach. The EBA has identified the use of the SA as a major driver in the comparability of credit risk capital requirements. These RTS will be part of the EU Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector. The consultation runs until 26 September 2014.

    26/06/2014 - News

  • EBA publishes report on risks and vulnerabilities of the EU banking sector

    The European Banking Authority (EBA) published today its fifth semi-annual report on risks and vulnerabilities of the EU banking sector. The report shows improvements in market sentiment and confidence which has allowed banks to increase their capital levels ahead of the 2014 EU-wide stress test and to continue the repair of their balance sheets. However, the report cautions about ongoing uncertainties on asset valuations and future profitability in an environment where the signs of recovery remain modest and fragile. The report also draws attention to looming redress costs related to conduct issues as well as to geo-political concerns in emerging markets, which could lead to risk aversion and to an impact on capital flows.

    25/06/2014 - Press releases

  • EBA analyses impact of pension plans in capital

    The European Banking Authority (EBA) published today a report analysing the impact that the revised IAS 19 Employee Benefits in conjunction with the deduction of net pension assets under the Capital Requirements Regulation (CRR) and changes in net pension liabilities may have on the volatility of institutions' own funds. The report concluded that in most cases there may be limited volatility of own funds due to changes in the accounting and prudential requirements that derive from the revised IAS 19 Employee Benefits and the CRR.

    24/06/2014 - Press releases

  • EBA publishes final draft technical standards on the minimum monetary amount of the professional indemnity insurance

    The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on the minimum monetary amount of the professional indemnity insurance or comparable guarantee for mortgage credit intermediaries (RTS on PII).

    24/06/2014 - Press releases

  • EBA issues revised list of ITS validation rules

    The European Banking Authority (EBA) issued a revised list of validation rules in its Implementing Technical Standards (ITS) on supervisory reporting, which also includes several rules which have been deactivated. National authorities throughout the EU are informed that data submitted in accordance with these Implementing Technical Standards (ITS) should not be validated against the set of deactivated rules.

    24/06/2014 - News

  • Highlights from the ESAs Joint Consumer Protection Day

    Consumer and investor protection is a common statutory objective of the three European Supervisory Authorities (ESAs) - the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA). As part of delivering on this objective, and following the first Joint ESAs Consumer Protection Day last year in Paris, the ESAs organised the second Joint ESAs Consumer Protection Day on 4 June 2014 in London.

    18/06/2014 - News

  • EBA consults on draft guidelines related to disclosure requirements for the EU banking sector

    The EBA launches today a consultation on three Guidelines related to the information that institutions in the EU banking sector should disclose under Part Eight of the Regulation (EU) No 575/2013 (Capital Requirements Regulation - CRR). These Guidelines have been merged into one single document and cover how institutions should apply materiality, proprietary and confidentiality in relation to the disclosure requirements, as well as how they should assess the frequency of their disclosures. This work will enhance consistency in disclosure practices across the EU and are part of the work of the EBA aimed at ensuring transparency in the EU banking sector. The consultation runs until 13 September 2014.

    13/06/2014 - News

  • ESMA and EBA publish harmonised guidelines for handling consumer complaints across the EU

    The European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA) published today their Joint Committee final Report on guidelines for handling consumer complaints in the securities and banking sectors. The document aims to increase market confidence and for the benefit of consumers and firms alike it will ensure a harmonised approach to handling complaints for all 28 EU Member States and across all financial services sectors.

    13/06/2014 - Press releases

  • EBA publishes report on benchmarking of remuneration practices in the EU

    The European Banking Authority (EBA) published today a report providing a detailed analysis on remuneration practices across a sample of EU banks. The report, based on data collected on a consolidated basis from 2010 to 2012, sets benchmarks for different aspects of remuneration policies, and provides additional insight into the previously published data on “high earners” (staff earning EUR one million or more per year). Overall, the report shows an increasing trend in the remuneration paid to “risk takers”, as well as a material shift from variable to fixed remuneration.

    13/06/2014 - Press releases

  • EBA consults on technical standards on assessment methodologies for the use of advanced measurement approaches for operational risk

    The European Banking Authority (EBA) launched today a consultation on draft Regulatory Technical Standards (RTS) assessing the criteria that competent authorities need to consider before granting institutions permission to use advanced measurement approaches (AMA) for calculating their capital requirements for operational risk. These RTS will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in the European Union. The consultation runs until 12 September 2014.

    12/06/2014 - News

  • EBA publishes report on comparability of risk weighted assets for residential mortgages

    The European Banking Authority (EBA) published today a second report on the consistency of risk weighted assets (RWAs) in the residential mortgage portfolio. The report, which is part of a wider ongoing EBA work on comparability of RWAs, illustrates the findings of a so called “drill-down analysis”, an investigation on the extent to which the most commonly used risk drivers influence the variability in risk weights. Overall, the analysis confirmed that risk parameters, such as loan to value, are drivers of RWAs. However, there are differences in how the banks reflect such drivers in RWAs.

    11/06/2014 - Press releases

  • EBA informs on liquidity reporting templates

    The supervisory reporting templates, including those on liquidity, contained in the Implementing Technical Standards (ITS) on supervisory reporting drafted by the European Banking Authority (EBA), adopted by the European Commission (EC) on 16 April 2014 and due to be published soon in the EU Official Journal, are a correct legal transposition of the relevant provisions laid down in the Capital Requirements Regulation (CRR).

    11/06/2014 - News

  • EBA launches interactive Single Rulebook

    The European Banking Authority (EBA) launched today the interactive Single Rulebook, an on-line tool designed to facilitate navigation through the single set of harmonised prudential rules in the EU banking sector. The Single Rulebook aims at ensuring consistent application of the regulatory banking framework across the EU.

    06/06/2014 - Press releases

  • EBA streamlines Single Rulebook Q&A tool

    The European Banking Authority (EBA) has introduced some important changes to the Single Rulebook Q&A tool. The major changes focus on the stricter prioritisation of incoming questions, more stringent criteria for submitting questions, grouping of questions which raise related issues, and a new publication policy for questions and answers.

    06/06/2014 - News

  • EBA publishes final draft technical standards and guidelines on methodology and disclosure for global systemically important institutions

    The European Banking Authority (EBA) published today final draft Regulatory Technical Standards (RTS) on the methodology for identifying Global Systemically Important Institutions (G-SIIs), final draft Implementing Technical Standards (ITS) on special disclosure rules applicable to G-SIIs, and final guidelines on special disclosure rules for large institutions. The identification of G-SIIs in the EU is aligned with the framework established by the Financial Stability Board (FSB) and developed by the Basel Committee on Banking Supervision (BCBS). These standards and guidelines will be part of the EU Single Rulebook in banking and aim at enhancing regulatory harmonisation and disclosure across the EU.

    05/06/2014 - Press releases

  • EBA publishes final draft technical standards on disclosure for the leverage ratio

    The European Banking Authority (EBA) published today its final draft Implementing Technical Standards (ITS) on disclosure for the leverage ratio. These standards will be part of the EU Single Rulebook in the banking sector and aim at harmonising disclosure of the leverage ratio across the EU by providing institutions with uniform templates and instructions.

    05/06/2014 - Press releases

  • EBA publishes list of Common Equity Tier 1 (CET1) capital instruments

    The European Banking Authority (EBA) published today a list of capital instruments across the EU that national supervisory authorities have classified as Common Equity Tier 1. This list, which was compiled in accordance with Article 26 of the Capital Requirements Regulation (CRR), is based on the information received from the 28 national competent authorities across the EU and includes all the CET1 instruments issued by institutions and evaluated as compliant by the national supervisory authorities. The list will be maintained and updated on a regular basis.

    28/05/2014 - News

  • EBA consults on technical standards on supervisory benchmarking of internal approaches for calculating capital requirements

    The European Banking Authority (EBA) launched today a consultation on draft Implementing Technical Standards (ITS) and Regulatory Technical Standards (RTS) aimed at specifying the EU framework for the conduct of annual supervisory benchmarking of internal approaches for calculating own funds requirements for credit and market risk exposures (RWAs). The consultation runs until 19 August 2014.

    28/05/2014 - News

  • ECB and EBA update the classification system for their reporting frameworks

    The European Central Bank (ECB) and the European Banking Authority (EBA) published today a third version of the classification system that links their respective reporting frameworks. This common system, which will support EU banks in their reporting exercise to both the EBA and the ECB, supersedes the second version published in March 2012 and aims at providing a better understanding of the links between the two different reporting frameworks of the ECB and the EBA, while creating synergies between datasets that were originally designed for different purposes.

    28/05/2014 - Press releases

  • Joint Committee of ESAs to hold Consumer Protection Day 2014

    The Joint Committee of the European Supervisory Authorities (ESAs) is organising the second Joint ESAs Consumer Protection Day on 4 June 2014 in London. The event will bring together consumers, regulators and industry participants to discuss consumer protection-related issues in the financial services area in the European Union.

    27/05/2014 - News

  • EBA publishes its 2013 Annual Report

    This edition of the EBA Annual Report takes stock of the first three years of activity of the Authority which contributed to the repair of the EU banking system by promoting the cleaning of EU banks' balance sheets and strengthening their capital position. The EBA also brought forward its work on the development of a truly uniform set of regulatory standards that will lead to a genuine level playing field in the EU banking sector and a truly integrated single market.

    20/05/2014 - News

  • EBA publishes revised list of incorrect ITS validation rules

    The European Banking Authority (EBA) issued a revised list of incorrect validation rules found in its Implementing Technical Standards (ITS) on supervisory reporting. The Authority informed that data submitted in accordance with these ITS should not be validated against the previously published set of incorrect rules.

    19/05/2014 - News

  • EBA releases updated template for the data collection exercise on CVA

    The European Banking Authority (EBA), following the launch of the data collection exercise on Credit Valuation Adjustment (CVA) on 30 April 2014, released today an updated version of the template that participating banks will be requested to fill in as well as a set of relevant instructions.

    16/05/2014 - News

  • EBA publishes Opinion on measures to address macroprudential or systemic risk

    The European Banking Authority (EBA) published today an Opinion following the notification by the National Bank of Belgium (NBB) of its intention to modify capital requirements in order to address an increase in macroprudential or systemic risk that could have a severe impact on the financial system and the Belgian real economy. Based on the evidence submitted by the NBB, the EBA does not object the adoption of the proposed measures, which are in line with Article 458 of the Capital Requirements Regulation (CRR).

    16/05/2014 - News

  • Call for papers for the third EBA policy research workshop

    The European Banking Authority (EBA) launches today a call for research papers in view of its third policy research workshop taking place on 25-26 November 2014 in London on the topic "How to measure the riskiness of banks".

    15/05/2014 - News

  • EBA consults on draft technical standards on the treatment of equity exposures under the IRB approach

    The European Banking Authority (EBA) launched today a consultation on draft Regulatory Technical Standards (RTS) to specify the treatment of equity exposures under the internal ratings-based (IRB) approach. These RTS will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in the European Union. The consultation runs until 7 July 2014.

    07/05/2014 - News

  • EBA publishes risk dashboard for EU banking sector

    The European Banking Authority (EBA) published today the first risk dashboard for 2014 summarising the main risks and vulnerabilities in the banking sector in the European Union (EU), based on the evolution of Key Risk Indicators (KRI) from 55 banks across the EU in the fourth quarter of 2013.

    06/05/2014 - News

  • EBA launches data collection exercise on CVA

    The European Banking Authority (EBA) launches today a data collection exercise to advise the European Commission on appropriate amendments to the European Credit Valuation Adjustment (CVA) framework and inform discussions on the CVA risk charge in Basel. Banks with substantial portfolios of OTC derivatives are encouraged to participate in this data collection exercise on a voluntary basis.

    30/04/2014 - Press releases

  • EBA publishes common methodology and scenario for 2014 EU-banks stress test

    The European Banking Authority (EBA) released today its methodology and macroeconomic scenarios for the 2014 EU-wide stress test. While the extensive process of banks’ balance sheet repair is already underway, the test, designed to assess banks’ resilience to hypothetical external shocks, will identify remaining vulnerabilities in the EU banking sector and will provide a high level of transparency into EU banks’ exposures.

    29/04/2014 - Press releases

  • EBA publishes action plan for colleges of supervisors

    The EBA published today its 2014 action plan for colleges of supervisors of European Economic Area (EEA) banks. The plan identifies key activities, necessary in 2014 for the effective oversight of Europe's cross border banking groups, and is issued alongside a report providing an assessment on the colleges functioning during 2013.

    28/04/2014 - News

  • EBA publishes list of incorrect ITS validation rules

    The European Banking Authority (EBA) issued a list of incorrect validation rules found in its Implementing Technical Standards (ITS) on supervisory reporting. The Authority informed that as a consequence, data submitted in accordance with these Implementing Technical Standards (ITS) should not be validated against the published set of incorrect rules.

    16/04/2014 - News

  • EBA technical standards on supervisory reporting endorsed with amended calendar

    The European Banking Authority (EBA) welcomed the adoption by the European Commission (EC) of its Implementing Technical Standards (ITS) on supervisory reporting. In accordance with an Opinion issued by the EBA, the remittance dates of the first set of supervisory reports will be postponed from April/May 2014 to end June 2014, but there is no change to reference dates. This decision will ensure legal coherence and clarity given the later than scheduled entry into force of the ITS.

    16/04/2014 - News

  • EBA updates its work programme for 2014

    The European Banking Authority (EBA) informs on an addendum to its work plan for 2014 following a series of calls for advice from the European Commission. The additional work will mostly consist of technical advice on a number of topics related to provisions in the CRR/CRD. It will inform the European Commission in the preparation of reports to the European Parliament and the Council and, where appropriate, legislative acts.

    16/04/2014 - News

  • EBA, ESMA and EIOPA consult on draft technical standards for the European Market Infrastructure Regulation (EMIR)

    The European Supervisory Authorities (ESAs) launched today a consultation on draft Regulatory Technical Standards (‘RTS’) outlining the framework of the European Market Infrastructure Regulation (EMIR). These RTS cover the risk management procedures for counterparties in non-centrally cleared OTC derivatives, the criteria concerning intragroup exemptions and the definitions of practical and legal impediments. The consultation will allow gathering public views on how to ensure a proportionate implementation of the requirements, as well as any other specific aspects that need discussion. The consultation runs until 14 July 2014.

    14/04/2014 - News

  • EBA consults on revised guidelines on remuneration benchmarking and data collection for high earners

    The European Banking Authority (EBA) launched today consultations on its revised Guidelines on the data collection exercise for high earners and on its Guidelines on the remuneration benchmarking exercise. The updates to these two Guidelines, which had originally been published on 27 July 2012, follow on from changes in reporting requirements as laid down in the Capital Requirements Directive and Regulation (CRDIV and CRR). Both public consultations will run until 07/05/2014.

    07/04/2014 - News

  • European Supervisory Authorities highlight cross-sectoral risks

    The Joint Committee of the European Supervisory Authorities (ESAs) published today its third bi-annual report on risks and vulnerabilities in the European Union's (EU) financial system.

    02/04/2014 - Press releases

  • EBA publishes final draft technical standards on prudent valuation

    The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) laying out the requirements related to prudent valuation adjustments of fair valued positions. The objective of these draft RTS is to determine prudent values that can achieve an appropriate degree of certainty while taking into account the dynamic nature of trading book positions. These standards will be part of the EU Single Rulebook in banking aimed at enhancing regulatory harmonisation.

    31/03/2014 - Press releases

  • EBA publishes final draft Technical Standards on liquidity requirements

    The European Banking Authority (EBA) published today its final draft Implementing and Regulatory Technical Standards (ITS and RTS) related to liquidity requirements. The package includes: (i) final draft ITS on currencies for which the justified demand for liquid assets exceeds their availability; (ii) final draft RTS on derogations for eligible currencies; and (iii) final draft ITS listing the currencies with an extremely narrow definition of central bank eligibility. These final draft Technical Standards will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in the European Union (EU) and namely at strengthening its resilience against liquidity risk.

    28/03/2014 - Press releases

  • EBA publishes final draft Technical Standards on additional collateral outflows

    The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on additional collateral outflows. These final draft RTS aim at strengthening resilience against liquidity risk in the EU banking sector and will be part of the EU Single Rulebook aimed at enhancing regulatory harmonisation across the sector.

    28/03/2014 - Press releases

  • EBA publishes final draft technical standards on own funds (Part IV)

    The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on own funds (Part IV) aimed at setting harmonised criteria for instruments with multiple distributions that would create a disproportionate drag on capital, as well as clarifying the meaning of preferential distributions. These RTS will be part of the Single Rulebook in banking aimed at enhancing regulatory harmonisation in the European Union (EU) and at strengthening the quality of capital.

    27/03/2014 - Press releases

  • EBA publishes Guidelines on the applicable notional discount rate for variable remuneration

    The European Banking Authority (EBA) published today its final Guidelines for the calculation of the discount rate for variable remuneration and clarifying how it should be applied. These Guidelines will support EU Member States in the calculation of the ratio between the variable and fixed component of total remuneration and refer to services or performances provided from 2014 onwards.

    27/03/2014 - Press releases

  • EBA issues an alert over fraudulent scams on its behalf

    The European Banking Authority (EBA) issues today an alert that its name and logo are being used to validate email scams aiming at obtaining money or personal details. Most scams fraudulently claim that the EBA have a role in approving financial transactions to and from the European Union (EU). Samples of such emails are being flagged to the EBA from all over the world.

    26/03/2014 - News

  • EBA consults on a revised XBRL Taxonomy for supervisory reporting

    The European Banking Authority (EBA) launched today a consultation on a revised version of its XBRL Taxonomy for supervisory reporting, which incorporates additional reporting requirements for asset encumbrance, non-performing exposures and forbearance. This consultation aims at ensuring that the data national competent authorities collect from credit institutions and investment firms is transmitted to the EBA in a uniform and consistent manner. The consultation runs until 14 April 2014.

    21/03/2014 - News

  • EBA, ESMA and EIOPA consult on supervisory practices for financial conglomerates

    The Joint Committee of the three European Supervisory Authorities (ESAs - EBA, ESMA and EIOPA) launched today a public consultation on its draft Guidelines on the convergence of practices aimed at ensuring consistency of supervisory coordination arrangements for financial conglomerates. This public consultation will run until 12 June 2014.

    12/03/2014 - News

  • EBA consults on draft technical standards on data waiver

    The European Banking Authority (EBA) launches today a consultation on draft Regulatory Technical Standards (RTS) on the conditions according to which competent authorities (CAs) may grant institutions permission to use relevant data covering shorter time series (data waiver permission), when estimating risk parameters. These RTS will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in the European Union. The consultation runs until 7 June 2014.

    07/03/2014 - News

  • EBA publishes results of the Basel III monitoring exercise as of 30 June 2013

    The European Banking Authority (EBA) publishes today its fifth report of the Basel III monitoring exercise on the European banking system. This exercise, run in parallel with the one conducted by the Basel Committee on Banking Supervision (BCBS) at a global level, allowed to gather aggregate results on capital, Risk Weighted Assets (RWAs), liquidity and leverage ratios for banks in the European Union (EU).

    06/03/2014 - Press releases

  • EBA reports on impact of possible leverage ratio definitions

    The European Banking Authority (EBA) published today a report on the leverage ratio which provides a policy analysis and a quantitative assessment of the impact that would derive from aligning the current Capital Requirements Regulation (CRR) definitions of the leverage ratio's exposure measure to the revised standard published by the Basel Committee on Banking Supervision (BCBS) on 12 January 2014 (‘Basel III’). The EBA has produced the report on its own initiative to provide recommendations to the European Commission in view of its forthcoming delegated act on the definitions of leverage ratio.

    05/03/2014 - News

  • EBA consults on draft technical standards for the specification of margin periods of risk for the treatment of clearing members exposures to clients

    The European Banking Authority (EBA) launches today a consultation on draft Regulatory Technical Standards (RTS) aimed at specifying the minimum margin periods of risk (MPOR) that institutions acting as clearing members may use for the calculation of their capital requirements for exposures to clients. These RTS will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in the European Union. The consultation runs until 9 May 2014.

    28/02/2014 - News

  • EBA publishes consumer trends report

    The European Banking Authority (EBA) published today its annual report on consumer trends, giving an overview of the analysis carried out in the area of consumer protection and financial innovation. The report identifies the consumer issues that may arise, or have arisen, from these trends, and describes the approaches the EBA will be taking in 2014 to address them.

    28/02/2014 - Press releases

  • ESMA-EBA: Euribor makes significant progress with reforms

    The European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA) have today published the results of their joint review of the Euribor-EBF. The review found that Euribor-EBF has made significant progress in implementing the ESMA-EBA Recommendations addressing weaknesses and shortcomings in its governance and technical framework. This progress provides the basis for improved transparency of the benchmark-setting process, enhanced governance of the benchmark, and improved quality of the resulting index.

    20/02/2014 - Press releases

  • The EBA publishes final draft technical standards on classes of instruments used for variable remuneration

    The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on classes of instruments that can be used for the purposes of variable remuneration. These RTS are part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in the European Union.

    19/02/2014 - Press releases

  • EBA launches discussion on the impact on the volatility of own funds of the accounting and prudential changes in the treatment of defined benefit pension plans

    The European Banking Authority (EBA) published today a discussion paper on the impact on the volatility of own funds of the revised International Accounting Standard for employee benefits (IAS 19) and the deduction of defined benefit pension assets from own funds in accordance with the Capital Requirements Regulation (CRR) . The input gathered from this discussion paper will assist or inform the EBA in the preparation of its report to the European Commission on this topic. The consultation runs until 14 April 2014.

    17/02/2014 - News

  • EBA publishes risk dashboard of EU banking sector

    The European Banking Authority (EBA) publishes today the risk dashboard for Q4 2013, summarising the main risks and vulnerabilities in the banking sector in the European Union (EU). The dashboard looks at the evolution of Key Risk Indicators (KRI) from 55 banks across the EU in the third quarter of 2013.

    14/02/2014 - News

  • EBA, ESMA and EIOPA publish final Report on mechanistic references to credit ratings in the ESAs' guidelines and recommendations

    The Joint Committee of the three European Supervisory Authorities (EBA, ESMA and EIOPA - ESAs) published today its final Report on mechanistic references to credit ratings in the ESAs’ guidelines and recommendations and on the definition of “sole and mechanistic reliance” on such ratings.

    06/02/2014 - Press releases

  • EBA, ESMA and EIOPA consult on draft technical standards on the mapping of ECAIs credit assessments

    The Joint Committee of the three European Supervisory Authorities (EBA, ESMA and EIOPA - ESAs) launched today a consultation on draft Implementing Technical Standards (ITS) on the mapping of the credit assessments to risk weights of External Credit Assessment Institution (ECAIs). These ITS will be part of the Single Rulebook in banking aimed at enhancing regulatory harmonisation across the European Union (EU). The consultation runs until 5 May 2014.

    05/02/2014 - News

  • EBA announces key features of the 2014 EU-wide Stress Test

    The European Banking Authority (EBA) announced today the key components of the forthcoming 2014 EU-wide stress test that will be conducted on a wide sample of EU banks. The objective of the EU-wide stress tests is to help supervisors assess the resilience of financial institutions in the European Union to adverse market developments. This exercise aims at ensuring consistency and comparability of the outcomes across all banks based on a common methodology, scenarios and accompanied by a consistent disclosure exercise.

    31/01/2014 - Press releases

  • EBA issues Recommendation on the use of the Legal Entity Identifier (LEI) for supervisory purposes

    The European Banking Authority (EBA) published today a Recommendation on the use of unique identification codes for supervisory purposes for every credit and financial institution in the European Union. This Recommendation is a major step forward in harmonizing the identification of legal entities, in line with proposals by the Financial Stability Board (FSB) endorsed by the G20, to ensure consistent and comparable data.

    29/01/2014 - Press releases

  • EBA publishes final draft technical standards on own funds requirements for investment firms

    The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on own funds requirements for investment firms based on fixed overheads. These RTS harmonise the calculation of capital requirements for those investment firms that have limited authorisation to provide investment services, as well as the conditions under which competent authorities can make adjustments to such requirements. These final draft RTS will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in Europe.

    29/01/2014 - Press releases

  • European Supervisory Authorities voice their concerns on Maystadt report

    The three European Supervisory Authorities (ESAs) sent a joint letter to the European Commissioner for the Internal Market, Mr Michael Barnier, on the Philippe Maystadt report “Should IFRS standards be more European?” in order to share their concerns on potential implications of this report.

    24/01/2014 - News

  • Board of Appeal of the European Supervisory Authorities dismisses appeal made by a refused CRA-applicant against ESMA

    On 10 January 2014, the Board of Appeal of the European Supervisory Authorities handed down its decision on an appeal by the appellant, Global Private Rating Company “Standard Rating” Ltd, against the refusal by the European Securities and Markets Authority (ESMA) to register it as a credit rating agency. This is the first appeal against a decision by ESMA refusing an applicant registration as a credit rating agency.

    13/01/2014 - News