Latest news and press releases 2015

  • EBA consults on draft guidelines on remuneration requirements for sales staff

    The European Banking Authority (EBA) launched today a consultation on its draft guidelines on remuneration policies and practices related to the sale and provision of retail banking products and services. The EBA has identified poor remuneration policies and practices as a key driver of miss-selling of financial products and services. The Guidelines are aimed at protecting consumers and reducing conduct costs of firms. The consultation runs until 22 March 2016.

    22/12/2015 - News

  • EBA updates on risks and vulnerabilities in the EU banking sector

    The European Banking Authority (EBA) published today its eighth semi-annual report on risks and vulnerabilities in the EU banking sector. The report shows that EU banks have continued to strengthen their capital position and to improve asset quality. However, the level of non-performing exposures remains high and profitability is still weak. The report also analyses the exposures towards emerging market (EM) countries and non-bank financial intermediaries.

    21/12/2015 - Press releases

  • EBA updates on the status of its final Implementing Technical Standards on benchmarking portfolios

    The European Banking Authority (EBA), following requests from stakeholders, published today an update on the application date of its final draft Implementing Technical Standards (ITS) on benchmarking portfolios.

    21/12/2015 - News

  • EBA acknowledges notification from the Portuguese Government and Banco de Portugal

    The EBA acknowledges notification from the Portuguese Government and Banco do Portugal with respect to their decision on the the sale and resolution of Banco Internacional do Funchal, S.A (BANIF).

    21/12/2015 - News

  • EBA publishes final Guidelines on sound remuneration policies and its Opinion on the application of proportionality

    The European Banking Authority (EBA) published today its final Guidelines on sound remuneration policies together with its Opinion on proportionality, recommending exemptions from the remuneration principles in the Capital Requirements Directive (CRD IV). The guidelines ensure that institutions calculate correctly and consistently the so called ‘bonus cap’ by setting out specific criteria for mapping all remuneration components into either fixed or variable pay and detailing how specific remuneration elements such as allowances, sign-on bonuses, retention bonuses and severance pay are to be recognised over time.

    21/12/2015 - Press releases

  • EBA consults on draft Guidelines on stress testing

    The European Banking Authority (EBA) launched today a consultation on its draft Guidelines on stress testing. These Guidelines set out expectations for institutions’ stress testing programmes and seek improvements by drawing on lessons from previous stress test exercises. In addition, they aim at promoting convergence of the use of stress testing in the context of the supervisory review and evaluation process (SREP). The consultation runs until 18 March 2016.

    18/12/2015 - News

  • EBA calls for more certainty and consistency in the application of restrictions to profits pay-outs to restore capital adequacy

    The European Banking Authority (EBA) issued today an Opinion on the trigger, calculation and transparency of the Maximum Distributable Amount (MDA). The Opinion clarifies that the MDA should be calculated taking into account both minimum (Pillar 1) and additional (Pillar 2) capital requirements which should be met at all times, as well as the combined buffer requirement. The Opinion is designed to support the consistent application of distribution restrictions laid down in the Capital Requirements Directive (CRD) in order to promote a level playing field across the Single Market, and to give greater certainty for banks’ capital planning needs. It also calls for transparency in Pillar 2 outcomes for all banks, with a view to providing clarity for investors in banks. The Opinion advises the European Commission to review the CRD text in the future to ensure certainty and more consistency.

    18/12/2015 - Press releases

  • EBA issues advice on synthetic securitisation for SMEs

    The European Banking Authority (EBA) published today a report summarising the findings of its analysis and market practice assessment of the synthetic securitisation market. The EBA supports the limited extension of the prudential treatment granted to simple, standardised and transparent securitisations (STS) to banks that originate and retain certain SME balance sheet synthetic securitisation positions, as in the Commission’s legislative proposal on securitisation. The EBA advises on the criteria that should determine eligibility of balance sheet synthetic transactions, specifying, among others, under which conditions originator banks may transfer the risk of eligible transactions to public or private investors.

    18/12/2015 - Press releases

  • EBA defines the minimum set of information on financial contracts for detailed records

    The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on detailed records of financial contracts. These RTS have been developed within the framework established by the EU bank Recovery and Resolution Directive (BRRD) and further specify the minimum set of the information on financial contracts that should be contained in detailed records and the circumstances under which the requirement to maintain such detailed records should be imposed. These standards are part of the EBA's work to implement the BRRD and address the problem of too-big-to-fail banks.

    17/12/2015 - Press releases

  • EBA delivers guidance for business reorganisation plans under the BRRD

    The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on the content of business reorganisation plans and progress reports, as well as guidelines defining how to assess plans. The work has been developed within the framework established by the Bank Recovery and Resolution Directive (BRRD), which sets procedures for the recovery and resolution of credit institutions, investment firms and related entities across the EU.

    17/12/2015 - Press releases

  • EBA issues methodology for valuation of liabilities arising from derivatives

    The European Banking Authority (EBA) published today the final draft Regulatory Technical Standards (RTS) on the methodology for the valuation of derivative liabilities for the purpose of bail-in in resolution. These standards, which have been developed within the framework of the Bank Recovery and Resolution Directive (BRRD) setting procedures for the orderly management of bank failures, provide EU resolution authorities with a methodology for the valuation of derivative liabilities of credit institutions placed under resolution and ensure that the discipline brought in by the new bail-in tool can effectively be extended to these liabilities too.

    17/12/2015 - Press releases

  • EBA recommends introducing the NSFR in the EU

    The European Banking Authority (EBA) published today its report on the impact assessment and calibration of the Net Stable funding Ratio (NSFR), recommending the introduction of the NSFR in the EU to ensure stable funding structures. The analysis did not find strong statistical evidence of significant negative impacts of the NSFR on bank lending, financial assets markets or trading book positions. The EBA also explained that certain EU specificities should be taken into account. The report will inform the work of the European Commission on potential legislative proposals on NSFR.

    17/12/2015 - Press releases

  • EP confirms the extension of Andrea Enria as Chairperson of the EBA

    The European Parliament (EP) confirmed today the extension of the mandate of Andrea Enria as Chairperson of the European Banking Authority (EBA) until February 2021. The confirmation follows a public hearing held at the Economic and Monetary Affairs Committee (ECON) of the European Parliament.

    16/12/2015 - News

  • EBA defines harmonised prudential requirements for Central Securities Depositories (CSDs)

    The European Banking Authority (EBA) published today its draft Regulatory Technical Standards (RTS) on prudential requirements for Central Securities Depositories (CSDs). These RTS will define a prudential framework for CSDs and harmonise calculations for their capital requirements which currently vary across Member States. These RTS have been developed within the framework of the Central Securities Depositories Regulation (CSDR) to increase the safety and efficiency of securities settlement and settlement infrastructures.

    16/12/2015 - Press releases

  • EBA issues final Guidelines on institutions exposures to shadow banking entities and recommends approach to limiting risks

    The European Banking Authority (EBA) published today its final Guidelines regarding limits on institutions’ exposures to ‘shadow banking entities’ that carry out bank-like activities outside a regulated framework. In particular, these Guidelines introduce an approach that will allow EU institutions to set internal limits for their exposures to ‘shadow banking entities’, hence addressing in a proportionate way the risks that these exposures pose to the EU banking sector. The Guidelines were informed by a Report, also published today, on the exposures of a sample of EU institutions to ‘shadow banking entities’ and the impact of setting limits.

    15/12/2015 - Press releases

  • EBA identifies areas of improvement in the cooperation between EU and third countries

    The European Banking Authority (EBA) published today a Report and an Opinion on the application of legal provisions on cooperation and information sharing between EU and non-EU supervisory authorities. The objective of this report is to identify any issues and areas of improvement and to propose legislative changes, where needed, to better facilitate prudential supervision of institutions on a cross-border basis.

    15/12/2015 - Press releases

  • EBA consults on assessment methodology on the use of internal models for market risk

    The European Banking Authority (EBA) launched today a consultation on its draft Regulatory Technical Standards (RTS) that specify the conditions under which competent authorities assess the significance of positions included in the scope of market risk internal models, as well as the methodology that competent authorities shall apply to assess an institution’s compliance with the requirements to use an Internal Model Approach (IMA) for market risk. 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 13 March 2016.

    14/12/2015 - News

  • EBA issues recommendations for sound prudential regime for investment firms

    The European Banking Authority (EBA) published today its report in response to the European Commission’s call for advice on the suitability of certain aspects of the prudential regime for investment firms. This report, done in consultation with the European Securities Market Authority (ESMA), presents the EBA’s findings and lists a series of recommendations aiming to provide a more proportionate and less complex prudential regime for investment firms, based on appropriate risk sensitivity parameters.

    14/12/2015 - Press releases

  • EBA consults on draft Guidelines on ICAAP and ILAAP information collected for SREP purposes

    The European Banking Authority (EBA) launched today a public consultation on draft Guidelines on the collection of information related to the internal capital adequacy assessment process (ICAAP) and the internal liquidity adequacy assessment process (ILAAP). These draft Guidelines aim at facilitating the consistent approach to the supervisory assessment of ICAAP and ILAAP frameworks as well as the assessment of reliability of institutions’ own capital and liquidity estimates as part of the supervisory review and evaluation process (SREP) following the criteria and methodologies specified in the EBA Guidelines on common procedures and methodologies for SREP. The public consultation runs until 11 March 2016.

    11/12/2015 - News

  • EBA consults on cooperation and exchange of information for passporting under PSD2

    The European Banking Authority (EBA) launched today a consultation on its draft technical standards on the framework for cooperation and exchange of information between competent authorities for passporting under Article 28(5) of the revised Payment Services Directive (PSD2). The technical standards will ensure that information about those payment institutions that carry out business in one or more EU Member States is exchanged consistently between the national authorities of the home and host Member States. The consultation runs until 11 March 2016.

    11/12/2015 - 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. Competent Authorities throughout the EU are informed that data submitted in accordance with these ITS should not be formally validated against the set of deactivated rules.

    10/12/2015 - News

  • EBA appoints its Alternate Chairperson and Management Board members

    The Board of Supervisors of the European Banking Authority (EBA) has elected its Alternate Chairperson and members to its Management Board.

    10/12/2015 - News

  • EBA seeks input on strong customer authentication and secure communication under PSD2

    The European Banking Authority (EBA) published today a Discussion Paper on strong customer authentication and secure communication. The revised Payment Services Directive (PSD2) will mandate the EBA to deliver Regulatory Technical Standards on this topic, which the EBA is required to deliver by January 2017. Prior to starting the development of these requirements, the EBA is issuing a Discussion Paper, with a view to obtaining early input into the development process. Responses can be submitted until 8 February 2016.

    08/12/2015 - News

  • EBA consults on separation of payment card schemes and processing entities under the IFR

    The European Banking Authority (EBA) launched today a consultation on its draft technical standards on the separation of payment card schemes and processing entities under Article 7(6) of the Interchange Fee Regulation (IFR). The technical standards introduce specific requirements related to the independence of payment card schemes and processing entities. The consultation runs until 8 March 2016.

    08/12/2015 - News

  • EBA benchmarks approaches on scenarios in recovery plans

    The European Banking Authority (EBA) published today a comparative report on the approaches taken by a sample of European banking groups on scenarios in recovery plans. This benchmarking exercise is aimed at supporting national competent authorities and institutions by providing them with an overview of how scenarios included in recovery plans have been developed so far.

    08/12/2015 - News

  • EBA launches consultation on FINREP using IFRS 9

    The European Banking Authority (EBA) launched today a consultation on the reporting of financial information for institutions using IFRS (FINREP IFRS). The proposed amendments follow the finalisation of IFRS 9 by the IASB in July 2014 and aim at collecting early industry views on changes that IFRS 9 would trigger to FINREP. This consultation is distinct from the on-going IFRS 9 endorsement process and does not relate to financial information reported by institutions using national generally accepted accounting practices (GAAP). The consultation will run until 8 March 2016.

    08/12/2015 - News

  • EBA acknowledges report by ENISA on cloud services in the EU banking sector

    Following a workshop on cloud services in the banking sector jointly hosted with the European Banking Authority (EBA) in London, the European Network and Information Security Agency (ENISA) has issued a report including a number of recommendations for the secure adoption of cloud computing in the banking sector at the EU level.

    07/12/2015 - News

  • ESAs seek stakeholder input on automation in financial advice

    The Joint Committee of the three European Supervisory Authorities (ESAs) – EBA, EIOPA and ESMA – has launched a Discussion Paper on automation in financial advice, aimed at assessing what, if any, action is required to harness the potential benefits of this innovation and mitigate its risks.

    04/12/2015 - Press releases

  • EBA acknowledges updated notification from the Central Bank of Hungary on the ongoing resolution of MKB Bank Zrt.

    The EBA acknowledges updated notification from the Magyar Nemzeti Bank (the Central Bank of Hungary) with respect to its decisions on MKB Bank Zrt.

    03/12/2015 - News

  • EBA reports on the publication of administrative penalties on an anonymous basis

    The European Banking Authority (EBA) released today a report reviewing the publication by competent authorities, on an anonymous basis, of administrative penalties imposed for breach of the national provisions transposing the Capital Requirements Directive (CRD) or of the Capital Requirements Regulation (CRR). The report also includes links to the websites of competent authorities where such sanctions are published and makes recommendations to enhance harmonisation in terms of disclosure and facilitate access to information. The EBA also published a list of links to each competent authority’s publication of such administrative penalties, which will be updated on a regular basis.

    02/12/2015 - Press releases

  • ESAs update list of identified Financial Conglomerates

    The Joint Committee of the European Supervisory Authorities (ESAs) – EBA, EIOPA and ESMA –published today the 2015 List of Identified Financial Conglomerates.

    01/12/2015 - News

  • EBA provides assessment of banks Pillar 3 reports for 2015

    The European Banking Authority (EBA) released today its assessment of the annual Pillar 3 reports of a sample of European banks, which relate to the 2014 financial year. This is the first report since the entry into force of the Capital Requirements Regulation (CRR) that assesses banks’ compliance against the disclosure requirements laid down in CRR.

    27/11/2015 - News

  • Correction statement on 2015 EU-wide transparency data

    The transparency exercise data published by the European Banking Authority (EBA) on 24 November 2015 contained information regarding the ‘fully loaded’ CET1 ratio’ for all EU banks in the sample. This ratio, which was published for information only, is calculated using existing supervisory reporting data. The EBA has been alerted that there was an error in the published ‘fully loaded CET1 ratio’ for some banks due to double counting of excess deductions from AT1 capital. The ‘fully loaded CET1 ratio’ for all individual banks published by the EBA has, therefore, been removed from the interactive tool on the website. The aggregate figures in the EBA’s report will be updated accordingly.

    25/11/2015 - News

  • EU banks better capitalised in 2015, but NPLs remain of concern

    The European Banking Authority (EBA) published today the outcome of its 2015 EU-wide transparency exercise and provided detailed bank-by-bank data on capital positions, risk exposure amounts and asset quality on 105 banks from 21 countries of the European Economic Area (EEA) as part of its ongoing commitment to enhancing transparency in the EU Banking sector. The data, which shows improvements in the resilience of the EU banking sector, is published at the highest level of consolidation, covering around 70% of total EU banking assets for the reference dates of 31 December 2014 and 30 June 2015. By disclosing these fully comparable figures in user friendly formats, the EBA aims to promote greater understanding of capital positions and exposures of the EU banking sector and foster market discipline in the Single Market.

    24/11/2015 - Press releases

  • EBA 5th year Anniversary Conference

    The European Banking Authority (EBA) will mark its first five years of activities with a conference on the achievements and remaining challenges in strengthening the banking sector of the European Union (EU) and supporting the effective functioning of the Single Market. The EBA 5th anniversary conference will take place on 5 February 2016 and will be hosted by the Lord Mayor of the City of London in the historical setting of the “Guildhall”. Discussions will benefit from the participation of high level policy makers, industry representatives, academics and other stakeholders from across the EU and beyond.

    19/11/2015 - News

  • EBA consults on criteria for a preferential treatment in cross-border intragroup financial support under LCR

    The European Banking Authority (EBA) launched today a public consultation on draft Regulatory Technical Standards (RTS) related to liquidity requirements for cross-border intragroup financial support under stress conditions. The purpose of these RTS is to specify the additional objective criteria listed in the Delegated Act (Commission Delegated Regulation EU No 2015/61 of 10 October 2014), for the application of a preferential treatment in the calculation of the liquidity coverage requirement (LCR) for cross-border intragroup liquidity flows. The consultation runs until 13 January 2016.

    18/11/2015 - News

  • EBA consults on draft Guidelines on the treatment of CVA risk under SREP

    The European Banking Authority (EBA) launched today a public consultation on Guidelines on the treatment of credit value adjustment (CVA) risk under the supervisory review and evaluation process (SREP), as well as a data collection exercise for the Quantitative Impact Study (QIS) to calibrate the threshold values. These Guidelines are based on a policy recommendation contained in the EBA’s CVA report and aim to provide a common European approach to the assessment of CVA risk under SREP, including adequacy of capital to cover for this risk, and the determination of any potential additional own funds requirements. The public consultation runs until 12 February 2016 and the data collection exercise should be completed on 28 January 2016.

    12/11/2015 - News

  • EBA updates on remuneration practices and the use of allowances across the EU

    The European Banking Authority (EBA) published today a follow up report on the actions taken following the publication of its Opinion on the use of allowances, in October 2014, where Competent Authorities were asked to use all necessary supervisory measures to ensure that by 31 December 2014 those institutions using the so called ‘role-based allowances’ adjust their remuneration policies in line with the criteria set out in the Opinion. The follow-up report concluded that Competent Authorities have taken measures in this respect and, where necessary, asked institutions to implement the necessary changes. However, such measures will, in most cases, only be effective for the remuneration awarded for the performance year 2015, while only in few cases were changes to institutions’ remuneration policies and practices already made for the performance year 2014.

    12/11/2015 - Press releases

  • EBA publishes benchmarking report on the use of higher ratios for variable remuneration

    The European Banking Authority (EBA) published today a report benchmarking the institutions’ remuneration practices concerning the use of the possibility to increase the maximum ratio between variable and fixed remuneration up to 200%. The Capital Requirements Directive (CRDIV) limits the aforementioned ratio to 100%, unless it is increased following the shareholders’ approval. The report also shows that nearly all Member States have allowed for the possibility to increase the ratio between the two remuneration components to 200% but only institutions in 15 Member States have actually made use of this possibility.

    12/11/2015 - Press releases

  • ESAs define risk weights for credit ratings in the EU

    The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) has published today two draft Implementing Technical Standards (ITS) on credit assessments by External Credit Assessment Institutions (ECAIs). By determining an objective approach for attributing risk weights to the assessments of ECAIs, as well as a prudential approach for those cases lacking factual evidence, these standards will ensure sound credit assessments contributing to financial stability in the EU.

    11/11/2015 - Press releases

  • ESAs consult on PRIIPs key information for EU retail investors

    The Joint Committee of the European Supervisory Authorities (ESAs) – EBA, EIOPA and ESMA – has launched its Joint Consultation Paper on PRIIPs Key Information Documents to gather stakeholder views on proposed rules on the content and presentation of the Key Information Documents (KID).

    11/11/2015 - News

  • EBA consults on information exchanges between authorities regarding qualifying holdings

    The European Banking Authority (EBA) launched today a public consultation on its draft Implementing Technical Standards (ITS) on the procedures, forms and templates that competent authorities in the EU should use when consulting each other on qualifying holdings. The objective of these ITS is to streamline information exchanges and ensure effective communications between concerned authorities, both on a cross-border basis and across sectors. This public consultation runs until 10 February 2016.

    10/11/2015 - News

  • EBA consults on stress tests for deposit guarantee schemes

    The European Banking Authority (EBA) launched today a public consultation on its draft Guidelines on stress tests of Deposit Guarantee Schemes (DGSs). The proposed Guidelines will provide the methodological principles to assess whether the operational and funding capabilities of DGSs are sufficient to ensure deposit protection in the event of a bank failure. In line with the Deposit Guarantee Schemes Directive (DGSD), these Guidelines will promote the quality and the consistency of these stress tests. The resulting data will also facilitate future peer reviews by the EBA, contributing to a safe and sound EU framework for the benefit of depositors and financial stability. The consultation runs until 8 February 2016.

    06/11/2015 - News

  • EBA announces details of 2016 EU-wide stress test

    The European Banking Authority (EBA) published today its 2016 EU-wide stress test draft methodology for discussion. The stress test will be formally launched in the first quarter of 2016 and will cover over 70% of the EU banking sector and will assess EU banks’ ability to meet relevant supervisory capital ratios during an adverse economic shock. The results will inform the 2016 Supervisory Review and Evaluation Process (SREP), acting as a challenge to banks’ forward looking capital plans. The exercise will also provide market participants with a consistent basis to compare and assess the resilience of EU banks. The list of institutions participating in the exercise is also released today.

    05/11/2015 - Press releases

  • EBA finds further increase in EU banks capital ratios in 2015

    In its risk dashboard for the EU banking sector published today, the European Banking Authority (EBA) gives an overview of the health of EU banks for the second quarter of 2015. While capital ratios have increased, the quality of loan portfolios remains weak, but EU banks profitability has increased compared to 2014. The EBA risk dashboard summarises the main risks and vulnerabilities in the banking sector on the basis of the evolution of a set of key risk indicators across the EU.

    04/11/2015 - Press releases

  • EBA consults on Guidelines on how confidential information collected under the BRRD should be disclosed

    The European Banking Authority (EBA) launched today a consultation on draft Guidelines on how confidential information collected under the Bank Recovery and Resolution Directive (BRRD) should be disclosed in summary or collective form without identifying individual institutions or relevant entities. The aim of the Guidelines is to promote symmetric information and convergence of supervisory and resolution practices regarding the disclosure of confidential information. The consultation runs until 27 January 2016.

    27/10/2015 - News

  • EBA publishes final templates and instructions for the Quantitative Impact Study on the definition of default

    The EBA published today the final set of templates and instructions that institutions participating in the Quantitative Impact Study (QIS) on the definition of default should complete and submit to their respective Competent Authorities (CAs) by 10 December 2015 at the latest.

    26/10/2015 - News

  • EBA signs memorandum of cooperation with South Eastern European supervisors

    The European Banking Authority (EBA) signed a Memorandum of Cooperation with supervisory authorities in six South-Eastern European (SEE) countries, establishing a framework for cooperation and information exchange.

    23/10/2015 - Press releases

  • EBA consults on communication between competent authorities supervising credit institutions and statutory auditors

    The European Banking Authority (EBA) launched today a consultation on its draft Guidelines on the communication between competent authorities supervising credit institutions and statutory auditors of those institutions. Effective communication between competent authorities and auditors should contribute to fostering financial stability, safety and soundness of the banking system. The consultation runs until 21 January 2016.

    21/10/2015 - News

  • EBA, EIOPA and ESMA consult on anti-money laundering and countering the financing of terrorism

    The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) launched today a public consultation on two anti-money laundering and countering the financing of terrorism (AML/CFT) Guidelines. These Guidelines promote a common understanding of the risk-based approach to AML/CFT and set out how it should be applied by credit and financial institutions and competent authorities across the EU. The documents are part of the Joint Committee’s work to establish consistent and effective, risk-based supervisory practices across the EU.

    21/10/2015 - 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 (CAs) across the European Union (EU) have classified as Common Equity Tier 1 (CET1). Since the publication of the first update of the list in December 2014, 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 the CRR and is updated on a regular basis.

    21/10/2015 - News

  • EBA publishes work programme for 2016

    The European Banking Authority (EBA) published its detailed annual work programme for 2016, describing the specific activities and tasks of the Authority for the coming year, as well as a multiannual work programme, highlighting the key strategic areas of work in the coming years (from 2016 to 2018).

    16/10/2015 - Press releases

  • EBA to promote discussion on cloud services in the banking sector

    The European Banking Authority (EBA) jointly with the European Network and Information Security Agency (ENISA) hosted a workshop at the EBA premises to discuss opportunities and challenges of using the cloud in the banking sector. This workshop, which brings together supervisory authorities, CISOs from banks, IT and banking industry organisations and large cloud service providers will provide a forum for discussing the current status and potential ways to address supervisory or bank concerns and risks regarding the use of cloud services.

    14/10/2015 - News

  • EBA acknowledges notification from the Croatian National Bank and the State Agency for Deposit Insurance and Bank Resolution

    The EBA acknowledges notification from the Croatian National Bank and the State Agency for Deposit Insurance and Bank Resolution with respect to its decision on the resolution of Jadranska banka d.d. Šibenik.

    13/10/2015 - News

  • EBA consults on its benchmark rate under the Mortgage Credit Directive

    The European Banking Authority (EBA) published today a Consultation Paper on its proposed benchmark rate under the Mortgage Credit Directive (MCD), which requires creditors to create two illustrative examples in the European Standardised Information Sheet (ESIS) for variable rate mortgages on the basis of a benchmark rate specified by the EBA. To that end, the EBA has developed a formula to calculate the rate and would now like to hear the views from consumer and industry stakeholders on the approach it is proposing. The consultation runs until 20 November 2015.

    12/10/2015 - News

  • EBA acknowledges notification from the Finansiel Stabilitet

    The EBA acknowledges notification from the Finansiel Stabilitet with respect to its decision on the resolution of Andelskassen J.A.K. Slagelse.

    09/10/2015 - News

  • EBA extends deadlines for comments on templates and instructions of the QIS on the definition of default

    In response to requests received from representatives of the industry, the EBA has decided to extend the period for expressing views and comments on the templates and instructions of the Qualitative Impact Assessment (QIS) on the definition of default. Concerned parties can send their comments to EBA-DoD@eba.europa.eu by Monday 19 October 2015.

    08/10/2015 - News

  • EBA launches call for expression of interest for new members of its stakeholders group

    The European Banking Authority (EBA) launched today a call for expression of interest for membership to its Banking Stakeholder Group (BSG), as the mandate for the majority of its members will expire in April 2016. The call for expression of interest is open to candidates representing stakeholders across the European Union. The deadline for application is 15 December 2015.

    07/10/2015 - News

  • EBA seeks legislative clarifications on mortgage lending value

    The European Banking Authority (EBA) published today an Opinion on mortgage lending value (MLV) addressed to the European Commission and related to the EBA’s mandate to deliver technical standards harmonising the concept of MLV in the Capital Requirements Regulation (CRR). In this Opinion, the Authority raises concerns about the possible unintended consequence that a harmonised definition of MLV across the CRR might have on the EU covered bonds market.

    05/10/2015 - Press releases

  • ESAs set out joint work plan for 2016

    The Joint Committee of the European Supervisory Authorities (EBA, ESMA and EIOPA) published today its Work Programme for the upcoming year. Throughout 2016, the Joint Committee will continue to give high priority to Consumer Protection and Cross-Sectoral Risk Analysis.

    05/10/2015 - News

  • EBA looks at asset encumbrance in EU banks

    The European Banking Authority (EBA) published today its first analysis of asset encumbrance among EU banking institutions. This preliminary analysis will provide important elements for EU supervisors to assess the sustainability of banks funding structures. It shows there is no indication of a general increase in the level of asset encumbrance over recent years across EU banking institutions. The report will be published on a yearly basis in the future, as data quality improves with the full establishment of reporting requirements for asset encumbrance, a key component of risk management policies and decision making processes in the EU banking sector.

    30/09/2015 - News

  • Andrea Enria's lectio magistralis at the University of Padova

    Andrea Enria, Chairperson of the EBA, gave a lecture on "The Single Rulebook in banking: is it ‘single’ enough?" at the University of Padova.

    29/09/2015 - News

  • EBA recommends to the EU Commission retention of maturity ladder in the ITS on additional liquidity monitoring metrics

    The European Banking Authority (EBA) issued an Opinion to the European Commission dissenting to its proposed amendment to remove the maturity ladder from the EBA final draft Implementing Technical Standard (ITS) on additional liquidity monitoring metrics. However, the EBA supports the proposed amendment by the European Commission with regard to the application date of the ITS from 1 July 2015 to 1 January 2016.

    25/09/2015 - Press releases

  • EBA consults on harmonised definition of default

    The European Banking Authority (EBA) launched today a consultation on its draft Guidelines specifying the application of the definition of default. The work is in line with an EBA Discussion Paper on the topic published earlier in the year which described the EBA's upcoming work on improving consistency and comparability in capital requirements. The consultation runs until 22 January 2016 and the EBA is also asking the public for feedback on a Quantitative Impact Assessment (QIS) of the Guidelines.

    22/09/2015 - News

  • EBA publishes results of the Basel III monitoring exercise as of of 31 December 2014

    The European Banking Authority (EBA) published today its eighth 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 ratios and leverage ratio (LR), as well as on liquidity ratios - liquidity coverage ratio (LCR) and net stable funding ratio (NSFR) - for banks in the European Union (EU).

    15/09/2015 - Press releases

  • EBA includes Bank of Albania in EU supervisory colleges

    The European Banking Authority (EBA) added the Albanian banking supervisor to the list of non-EU or third country supervisory authorities participating in EU banking supervisory colleges. The decision was based on the assessment of the confidentiality regime of Bank of Albania, which was deemed equivalent to the EU confidentiality regime, and follows the prescriptions in the Capital Requirements Directive (CRDIV) on participants in EU colleges of banking supervisors.

    11/09/2015 - Press releases

  • 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. Competent Authorities throughout the EU are informed that data submitted in accordance with these ITS should not be formally validated against the set of deactivated rules.

    09/09/2015 - News

  • EBA publishes new DPM and XBRL taxonomy for remittance of supervisory reporting

    The European Banking Authority (EBA) published today an update to the XBRL taxonomy that Competent Authorities should use for the remittance of data under the EBA Implementing Technical Standards (ITS) on supervisory reporting. The new taxonomy will be used for the first reports under the revised Liquidity and Leverage Ratio requirements resulting from Delegated Acts of the European Commission.

    09/09/2015 - Press releases

  • EBA to hold a public hearing on upcoming report on the calibration of a stable funding requirement

    The European Banking Authority (EBA) will hold a public hearing on its draft report on the calibration of a stable funding requirement on Thursday 15 October 2015 from 10.00 to 13.00 UK time.

    09/09/2015 - News

  • ESAs see continued risks in EU financial markets and call for rigorous action on assets and liabilities

    The European Supervisory Authorities (ESAs) for securities (ESMA), banking (EBA), and insurance and occupational pensions (EIOPA) have today issued their August 2015 Joint Committee Report on Risks and Vulnerabilities in the EU financial system. The joint risk report informs on risks in the EU financial system (banking, securities and insurance sector), with a particular focus on cross-sectoral vulnerabilities and developments.

    09/09/2015 - Press releases

  • EBA Board of Supervisors decides on the extension of terms of office for EBA Chairperson and Executive Director

    The Board of Supervisors (BoS) of the European Banking Authority (EBA), the EU agency that brings together the banking supervisors of the 28 EU Member States, confirmed yesterday the extension of the mandates of Andrea Enria and Adam Farkas, respectively as Chairperson and Executive Director of the EBA for a another five year term from 2016 to 2021. The decision was based on the evaluation of the work of the past five years, as well as on work requirements for the coming years. The decision to extend Mr Enria’s term is subject to confirmation by the European Parliament.

    09/09/2015 - Press releases

  • EBA updates on remuneration practices and high earners data for 2013 across the EU

    The European Banking Authority (EBA) published today a report combining the benchmarking of remuneration practices across the European Union and aggregated data on the remuneration of EU institutions’ staff who received, in total, EUR one million or more in 2013. The analysis focuses, in particular, on the identification of staff, the application of deferral arrangements and the pay out in instruments, as well as on the use of specific remuneration elements, such as guaranteed variable remuneration and severance payments. The report shows that the number of high earners slightly decreased since 2012 and that the ratio between the variable and fixed remuneration paid to identified staff was further reduced in 2013. This report is part of the EBA's work on institutions’ staff remuneration policies aimed at ensuring prudent and sustainable risk taking in the EU banking sector.

    07/09/2015 - Press releases

  • EBA to conduct further analysis on Net Stable Funding Requirements and Leverage Ratio

    The European Banking Authority (EBA) informed today that it will incorporate additional analysis into its calibration reports on Net Stable Funding Requirements and Leverage Ratio. The announcement follows a request by the European Commission (EC) to obtain further advice so as to ensure its possible future policy actions in this area are well informed.

    19/08/2015 - News

  • EBA publishes technical advice on protected arrangements in a resolution situation

    The European Banking Authority (EBA) issued today its Opinion on how to define what arrangements should be protected in a partial property transfer in resolution. The Opinion ensures full protection of well-established sources of refinancing such as secured debt, including securities lending and covered bonds, and of means of risk mitigation. The Opinion is issued today in response to a request for advice from the European Commission and it will inform its delegated acts on the classes of arrangements to be protected in a partial transfer of the property of a bank under resolution.

    14/08/2015 - Press releases

  • Board of Appeal of the ESAs dismisses appeal by Romanian insurer against EIOPA decision

    The Board of Appeal of the European Supervisory Authorities (ESAs) has ruled against an appeal by Onix Asigurari SA, a Romanian insurer, on a decision by the European Insurance and Occupational Pensions Authority (EIOPA).

    14/08/2015 - News

  • The EBA issues final Guidelines on passport notifications for mortgage credit intermediaries

    The European Banking Authority (EBA) published today its final Guidelines on passport notifications for mortgage credit intermediaries in support of the transposition of the Mortgage Credit Directive (MCD). The Guidelines will ensure that information about credit intermediaries carrying out business in more than one Member State is exchanged consistently between national authorities.

    11/08/2015 - Press releases

  • EBA consults on technical standards on exemption of non-financial counterparties (NFCs) from CVA risk charge

    The European Banking Authority (EBA) launched today a consultation on Regulatory Technical Standards (RTS) on the procedures for excluding transactions with non-financial counterparties (NFCs) established in a third country from the own funds requirement for credit valuation adjustment (CVA) risk. The proposed RTS align the treatment of NFCs established in a third country with the treatment of EU NFCs. The consultation runs until 5 November 2015.

    05/08/2015 - News

  • EBA acknowledges notification from the Central Bank of Hungary on the resolution of MKB Bank Zrt.

    The EBA acknowledges notification from the Magyar Nemzeti Bank (the Central Bank of Hungary) with respect to its decision on the resolution of MKB Bank Zrt.

    03/08/2015 - News

  • EBA calls for evidence on SME lending and the SME supporting factor

    The European Banking Authority (EBA) launched today a call for evidence on small and medium enterprises (SMEs) and the SME supporting factor (SF). Through this paper, which is the basis for a preliminary discussion, the EBA is inviting its stakeholders to provide their input and evidence aimed at supporting the ongoing analysis on bank lending to SMEs and the impact of the SME SF. The final document, which will inform the European Commission’s own report on the impact of own funds requirements on lending to SMEs, is expected to be published in the first quarter of 2016. The consultation runs until 1 October 2015.

    31/07/2015 - News

  • EBA consults on draft Guidelines on cooperation agreements between deposit guarantee schemes

    The European Banking Authority (EBA) launched today a consultation on draft Guidelines on cooperation agreements between deposit guarantee schemes (DGSs). These Guidelines are part of the EBA's work to promote a consistent and coherent approach to cooperation agreements between deposit guarantee schemes (DGSs) across the European Union (EU). The consultation runs until 29 October 2015.

    29/07/2015 - News

  • EBA publishes key information on the systemic importance of the 37 largest banks in the EU

    The European Banking Authority (EBA) published today the key metrics used to identify global systemically important institutions (G-SIIs) in the EU, with information on size, interconnectedness, substitutability, complexity and cross-jurisdictional activity. The EBA’s regulatory package on G-SIIs identification and data disclosure are in line with the internationally agreed framework developed by the Financial Stability Board (FSB) and by the Basel Committee on Banking Supervision (BCBS). To promote a level playing field in the EU regarding the disclosure requirements and to increase transparency, the EBA goes beyond the minimum standards required by the BCBS, both in terms of granularity of the disclosed information and applicable scope of institutions. Therefore, some of the group-specific values published today include institutions that did not contribute directly to the BCBS's G-SIB exercise. This year’s disclosure exercise covers 37 EU institutions whose leverage ratio exposure measure exceeded 200 billion Euro in 2014.

    28/07/2015 - News

  • EBA publishes RWA assessment as the next step in improving consistency of internal model outcomes

    The European Banking Authority (EBA) published today two reports on the consistency of RWAs across large EU institutions for large corporate, sovereign and institutions’ IRB portfolios, (collectively referred to as “low default portfolios” - LDP), as well as for the calculation of counterparty credit risk (CCR) exposures under the Internal Model Method (IMM) and the credit value adjustments (CVA) according to the advanced approach (ACVA). The reports summarise the findings obtained from two benchmarking exercises conducted in line with the mandate laid down in the Capital Requirements Directive (CRD) and related draft technical standards. The benchmarking exercises aim at improving the comparability of EU banks’ RWAs and are a crucial tool to restoring trust in internal models.

    22/07/2015 - Press releases

  • EBA identifies divergent supervisory practices in the implementation of its Guidelines on the assessment of the suitability of members of the management body and key function holders

    The European Banking Authority (EBA) published today its peer review report on the assessment of the suitability of members of the management body and key function holders. The report shows that National Competent Authorities (NCAs) largely comply with the EBA guidelines. The EBA analysis identified best practices carried out by some NCAs, but also highlighted significant differences remaining between NCAs’ supervisory approaches. The EBA concluded that the existing EBA guidelines have not led to sufficient convergence in supervisory practices, and proposed the incorporation in its forthcoming review of the guidelines of a number of specific best practices observed. The EBA also intends to send an opinion to the European Commission suggesting a change in the underlying Capital Requirements Directive (CRD) framework.

    22/07/2015 - Press releases

  • EBA publishes report on macroprudential policy measures

    The European Banking Authority (EBA) published today a report on macroprudential policy measures across the EU. The objective of this report is to take stock of the range of practices applied by EU Member States in relation to the provisions for macroprudential policies set out in the Capital Requirements Regulation and Directive (CRR/CRD IV), focusing on the interaction of macroprudential and microprudential objectives and tools. The report will contribute to the ongoing discussions regarding the implementation of macroprudential measures and will provide additional input for the regulatory work carried out by the European Commission, the EBA and the European Systemic Risk Board (ESRB) regarding macroprudential tools.

    21/07/2015 - Press releases

  • EBA updates on the status of its final draft technical standards on additional liquidity monitoring metrics

    The European Banking Authority (EBA), following requests from stakeholders, published today an update on the application date of its final draft Implementing Technical Standards (ITS) on additional liquidity monitoring metrics.

    17/07/2015 - News - Press releases

  • EBA proposes corrections to the adopted technical standards on non-delta risk options and identified staff

    The European Banking Authority (EBA) issued today amendments to the adopted Regulatory Technical Standards (RTS) on the treatment of non-delta risk of options in the standardised market risk approach and to the RTS on the criteria to identify categories of staff whose professional activities have a material impact on an institution’s risk profile. These two RTS were published by the European Commission as Delegated Acts on 20 May 2014 and 6 June 2014, respectively.

    16/07/2015 - News

  • EBA proposes corrections to the adopted technical standards on identified staff

    The European Banking Authority (EBA) issued today amendments to the adopted Regulatory Technical Standards (RTS) on the criteria to identify categories of staff whose professional activities have a material impact on an institution’s risk profile. These RTS were published by the European Commission as Delegated Act on 6 June 2014.

    16/07/2015 - Press releases

  • EBA publishes final product oversight and governance requirements for manufactures and distributors of retail banking products

    The European Banking Authority (EBA) published today its final Guidelines on product oversight and governance (POG) arrangements for retail banking products. These Guidelines set out requirements for manufacturers and distributors when designing and bringing to market mortgages, personal loans, deposits, payment accounts, payment services and electronic money. The Guidelines are the EBA’s response to increasing risks arising from the mis-conduct of financial institutions in their interaction with consumers and are part of the EBA’s work to enhance consumer protection across the EU. The Guidelines will apply from 03 January 2017.

    15/07/2015 - Press releases

  • EBA updates on upcoming transparency exercise and on key features of 2016 EU-wide stress test

    The European Banking Authority (EBA) published today a tentative sample of banks taking part in the 2015 transparency exercise, together with the draft templates illustrating the type of data that will be disclosed. In addition, following the approval by its Board of Supervisors, the EBA released the key features and a tentative calendar of the 2016 EU-wide stress test.

    15/07/2015 - Press releases

  • Call for expression of interest regarding the replacement of two members of the EBA Banking Stakeholder Group in the category of consumers

    The European Banking Authority (EBA) launches today a Call for expression of interest to replace two members of its Banking Stakeholder Group (BSG) in the category of consumers.

    10/07/2015 - News

  • EBA streamlines intra-group financial support for banking institutions

    The EBA published final draft Regulatory Technical Standards (RTS) and Guidelines on the provision of group financial support, as well as final draft Implementing Technical Standards (ITS) detailing the disclosure requirements of these activities. These Technical Standards and Guidelines specify the conditions under which one entity of a banking group can provide support to another entity of the same group in financial difficulties. These have been developed within the framework established by the Bank Recovery and Resolution Directive (BRRD) and aim at strengthening integrated risk management in EU banking groups by removing possible uncertainties around supporting entities in distress within the same group.

    09/07/2015 - Press releases

  • EBA publishes technical standards and guidelines on simplified obligations

    The EBA published today its final Guidelines and final draft Implementing Technical Standards (ITS) relating to the eligibility of institutions for simplified obligations in the context of recovery planning, resolution planning and resolvability assessments under the Bank Recovery and Resolution Directive (BRRD). The EBA also issued final draft ITS on the procedures, forms and templates for submitting information on resolution plans under the BRRD. The work of the EBA aims at promoting a common EU framework for the application of simplified obligations, in line with the principle of proportionality, and to facilitate cooperation among EU authorities.

    07/07/2015 - Press releases

  • EBA issues advice on securitisation

    Following the public hearing held on June 26, the EBA published the full text of its advice to the European Commission on a framework for qualifying securitisation. The EBA advice had been disclosed last week during the public hearing, so that concerned stakeholders could receive advance information on the EBA’s proposed criteria for defining simple standard and transparent securitisation transactions.

    07/07/2015 - News

  • EBA consults on conditions for capital requirements for mortgage exposures

    The European Banking Authority (EBA) launched today a consultation on Regulatory Technical Standards (RTS) on the conditions that Competent Authorities have to take into account when tightening capital requirements for mortgage exposures. The proposed RTS illustrate the conditions, as well as financial stability considerations, that would ensure a harmonised approach in setting higher risk weights and higher minimum loss given default (LGD) values. The consultation runs until 6 October 2015.

    06/07/2015 - News

  • EBA publishes technical standards on independent valuers

    The EBA published today its final draft Regulatory Technical Standards (RTS) setting out the general criteria against which valuers should be assessed to determine whether they comply with the legal requirement of independence for the purposes of performing valuation tasks under the Bank Recovery and Resolution Directive (BRRD). These RTS are part of the EBA's work to ensure the effectiveness of the resolution regime established by EU legislation.

    06/07/2015 - Press releases

  • EBA Chairman dismisses rumours over haircuts to Greek deposits

    Andrea Enria, Chairperson of the European Banking Authority (EBA), the EU institution that brings together the banking supervisors and regulators of the EU, said today in a statement: "I am not aware of any plans to introduce haircuts to retail depositors of Greek banks, as reported in the media this morning. I highly doubt that any authority or public body at EU or Member State level could consider this option, as it would be against EU law and the EBA would immediately start breach of EU law proceedings". In his statement Enria reminded that "EU legislation is in place to protect retail Greek depositors, as any other depositor in the EU".

    04/07/2015 - Press releases

  • EBA publishes final technical standards to ensure effective resolution under the BRRD

    The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on the Minimum Requirement for Own Funds and Eligible Liabilities (MREL), and on the contractual recognition of bail-in. Both standards provide further specification of essential elements to ensure the effectiveness of the resolution regime established by the Bank Recovery and Resolution Directive (BRRD). These standards are part of the EBA’s major programme of work to implement the BRRD and address the problem of too-big-to-fail banks.

    03/07/2015 - Press releases

  • EBA defines functioning of EU banking resolution colleges

    The European Banking Authority (EBA) published today its Final draft Regulatory Technical Standards (RTS) that specify the operational functioning of the resolution colleges established for those groups that operate on a cross-border basis in the European Economic Area (EEA). These RTS have been developed within the framework established by the EU Bank Recovery and Resolution Directive (the BRRD) and specify how resolution colleges should function, from their establishment, going concern function and resolution planning, to situations of cross-border resolution.

    03/07/2015 - Press releases

  • EBA issues final standards on processes for notifying that a banking institution is failing

    The EBA published today its final 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 at EU level the process and content of notifications, as well as the notice of suspension, to be followed when a banking institutions operating in the EU is failing or likely to fail.

    03/07/2015 - Press releases

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

    The EBA today published its regular risk assessment report. The report is based on December 2014 data and the final production date for this report was 12 June 2015. The report therefore does not cover the current challenges posed by the situation in Greece. However, the report notes that direct exposures to Greek counterparties are limited. Nonetheless indirect challenges of contagion remain a concern and will require careful monitoring and coordination of supervisory activities across the single market.

    03/07/2015 - News

  • EBA supports the proposed amendments to the RTS specifying the derogations for currencies with constraints on the availability of liquid assets

    The European Banking Authority (EBA) issued today an Opinion to the European Commission supporting its proposed amendments to the EBA final draft Regulatory Technical Standards (RTS) submitted to on 27 March 2014, which specifies the derogations concerning currencies featuring constraints on the availability of liquid assets. In particular, the EBA agrees with removing from its RTS the minimum 15% haircut to the value of the collateral posted by an institution with a central bank in order to obtain a credit line. It also supports the Commission’s other proposed amendments, which provide added detail and further legal certainty on the necessary conditions for the application of the derogations.

    03/07/2015 - Press releases

  • EBA, EIOPA and ESMA consult on the prudential assessment of acquisitions and increases of qualifying holdings

    The three European Supervisory Authorities (ESAs) are launching a public consultation on updated Guidelines for the prudential assessment of acquisitions of qualifying holdings. The Guidelines define common procedures based on the assessment criteria laid down in the EU legislative framework that establishes how acquisitions and increases of qualifying holdings by natural or legal persons in financial institutions should be assessed. The Guidelines aim to harmonise supervisory practices in the financial sector across the EU and to provide more clarity to proposed acquirers on how they should notify the competent supervisory authorities.

    03/07/2015 - News

  • EBA presents advice on criteria and capital treatment for securitisation

    The EBA presents its recommendations on a European Union (EU) framework for qualifying securitisations at a public hearing held in London today. The European Commission had requested in 2014 the EBA to advise on criteria for identifying a prudentially sound securitisation market and its regulatory treatment. The EBA, as one of the specialised EU agencies in banking and financial regulation, will deliver the opinion to the EC in early July and today’s hearing is intended to give advance information of its findings to market participants.

    26/06/2015 - News

  • EBA issues amended technical standards on reporting of liquidity coverage ratio

    The European Banking Authority (EBA) published today its updated Implementing Technical Standards (ITS) on supervisory reporting of liquidity coverage ratio (LCR) for EU credit institutions. The ITS include templates and instructions to update the LCR reporting framework following the Commission's adoption of the Delegated Act on the liquidity coverage requirement on 10 October 2014. As part of the EU Single Rulebook in the banking sector, these standards aim at harmonising reporting of the LCR across the EU by providing credit institutions with uniform templates and instructions.

    24/06/2015 - Press releases

  • Joint Committee launches discussion on PRIIPs key information documents

    The Joint Committee of the European Supervisory Authorities (ESAs) – EBA, EIOPA and ESMA – has published today a Technical Discussion Paper on risk, performance scenarios and cost disclosures for Key Information Documents (KIDs) for packaged retail and insurance-based investment products (PRIIPs). The Joint Committee is looking for feedback from all concerned stakeholders by 17 August 2015.

    23/06/2015 - News

  • EBA updates on consumer trends in 2015

    The European Banking Authority (EBA) published today its fourth annual Consumer Trends Report. The report, which covers all the products that fall into the EBA’s consumer protection mandate, such as mortgages, personal loans, deposits, payment accounts, payment services and electronic money, highlights the trends the EBA has observed with these products in 2015 and the issues that may arise, or have arisen, for consumers buying them. It also provides early indications as to the areas in which the EBA may take action going forward. In addition, the report summarises all the measures the EBA has taken to address these issues.

    18/06/2015 - Press releases

  • EBA to hold a public hearing on upcoming securitisation report

    The European Banking Authority (EBA) will hold a public hearing on its draft report on Qualifying Securitisation on Friday 26 June 2015 from 10.00 to 13.00 UK time.

    17/06/2015 - 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. Competent Authorities throughout the EU are informed that data submitted in accordance with these ITS should not be validated against the set of deactivated rules.

    16/06/2015 - News

  • EBA issues amended technical standards on leverage ratio disclosure and reporting

    The European Banking Authority (EBA) published today its updated Implementing Technical Standards (ITS) on disclosure and supervisory reporting of leverage ratio for EU institutions. The ITS include changes to templates and instructions to update the leverage ratio disclosure and reporting framework following the Commission’s adoption of the Delegated Act on the Leverage Ratio on 10 October 2014. As part of the EU Single Rulebook in the banking sector, these standards aim at harmonising reporting and disclosure of the leverage ratio across the EU by providing institutions with uniform templates and instructions.

    15/06/2015 - News

  • EBA publishes its 2014 Annual Report

    The European Banking Authority (EBA) published today its 2014 Annual Report, which provides a detailed account of all the work the Authority achieved in the past year and anticipates the key areas of focus in the coming years.

    15/06/2015 - News

  • EBA supports the removal of the Danish Krone from the ITS on currencies with constraints on the availability of liquid assets

    The European Banking Authority (EBA) issued today an Opinion to the European Commission supporting its proposed amendments to the EBA final draft ITS on currencies featuring constraints on the availability of liquid assets. The EBA agrees with removing from its ITS the Danish Krone (DKK) as a currency for which there are insufficient liquid assets and supports the amendments to the recitals that justify why the Norwegian Krone (NOK) still qualifies as a currency with such constraints.

    12/06/2015 - Press releases

  • EBA issues technical advice to the Commission on contributions to the Single Resolution Fund

    The European Banking Authority (EBA) provided today its technical advice to the European Commission on the criteria and principles that will be used to determine the uniform level of contributions by banks in the participating EU Member States to the Single Resolution Fund. Pooling financial resources into this common fund will be crucial for a successful implementation of the Banking Union. The EBA’s technical advice will inform a delegated act to be adopted by the Commission on the initial period for the contributions to the Single Resolution Fund.

    10/06/2015 - Press releases

  • ESAs consult on margin requirements for non centrally cleared derivatives

    The European Supervisory Authorities (ESAs) launched today a second consultation on draft Regulatory Technical Standards (RTS) outlining the framework of the European Market Infrastructure Regulation (EMIR). This second consultation document is the result of an intense engagement with other authorities and the industry stakeholders in order to identify all the operation issues that may arise from the implementation of such framework. Therefore, the consultation focuses only on a narrow set of topics as most of the decisions have already been agreed following the first consultation held in April 2014. The consultation runs until 10 July 2015.

    10/06/2015 - 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. Competent Authorities throughout the EU are informed that data submitted in accordance with these ITS should not be validated against the set of deactivated rules.

    09/06/2015 - News

  • EBA publishes final draft standards on assessment methodologies to use Advanced Measurement Approaches for operational risk

    The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS), which specify the criteria that Competent Authorities need to take into account before granting institutions permission to use advanced measurement approaches (AMA) for calculating their capital requirements for operational risk. These RTS are part of the overall review of internal models undertaken by the EBA and are part of the Authority’s efforts to harmonise practices for the approval of internal models in the area of credit, market and operational risk models across the EU banking sector. These RTS will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector across the European Union.

    05/06/2015 - Press releases

  • Highlights from the Joint ESAs Consumer Protection Day 2015

    The Joint Committee of the European Supervisory Authorities (ESAs) held its third Joint ESAs Consumer Protection Day on 3 June 2015 in Frankfurt. The event attracted over 300 consumer representatives, academics, legal and financial consultants, national supervisors, experts from the EU institutions and financial services industry (banking, securities, insurance and pensions).

    05/06/2015 - News

  • The EBA consults on passport notifications for mortgage credit intermediaries

    The European Banking Authority (EBA) launched today a consultation on the draft Guidelines for passport notifications for mortgage credit intermediaries under the Mortgage Credit Directive (MCD). The Guidelines will ensure that information about credit intermediaries that carry out business in one or more Member States is exchanged consistently between the national authorities of the home and host Member States respectively. This public consultation runs until 4 July 2015.

    04/06/2015 - News

  • EBA publishes interactive ITS on reporting

    The European Banking Authority (EBA) published today an interactive version of its Implementing Technical Standards (ITS) on supervisory reporting, which were adopted by the European Commission and published in the Official Journal as Implementing Regulation EU 680/2014.

    03/06/2015 - News

  • EBA assesses regulatory equivalence of third countries

    The European Banking Authority (EBA) published today a questionnaire to guide its assessment of non-EU countries’ equivalence with the EU prudential supervision and regulatory requirements specified in the Capital Requirements Regulation (CRR) and Directive (CRD). The questionnaire, which will be sent to a selected number of countries in different rounds, will facilitate the collection of data and allow the EBA to provide technical advice on the supervisory regimes of these non-EU countries, as mandated by the European Commission.

    02/06/2015 - News

  • EBA issues final guidelines and its opinion on mortgage creditworthiness assessments and arrears and foreclosure

    The European Banking Authority (EBA) published today its final Guidelines on creditworthiness assessment, as well as its final Guidelines on arrears and foreclosure. These Guidelines support the national implementation by Member States of the forthcoming Mortgage Credit Directive (‘MCD’). They will ensure that consumers are protected consistently across the European Union when interacting with creditors. The Guidelines apply from 21 March 2016, the transposition date of the MCD. As a further support to the implementation of the MCD, the EBA also published today the Opinion on Good Practices for Mortgage Creditworthiness Assessments and Arrears and Foreclosure, including expected mortgage payment difficulties.

    01/06/2015 - Press releases

  • EBA publishes final version of its updated report on the monitoring of Additional Tier 1 capital instruments

    The European Banking Authority (EBA) published today the final version of its updated report on the monitoring of Additional Tier 1 (AT1) capital instruments issued by EU institutions, following a public hearing held on 18 May 2015.

    29/05/2015 - News

  • EBA publishes guidelines on contributions and payment commitments to deposit guarantee scheme

    The European Banking Authority (EBA) published today its final Guidelines on contributions to deposit guarantee schemes and on payment commitments. Both Guidelines will help ensure consistent application of the new funding mechanisms provided for in the new Deposit Guarantee Schemes Directive (DGSD).

    28/05/2015 - Press releases

  • EBA publishes guidelines on triggers for resolution

    The European Banking Authority (EBA) published today its final Guidelines on the circumstances under which an institution shall be considered as ‘failing or likely to fail’ (triggers for resolution). These Guidelines aim at promoting convergence of EU supervisory and resolution practices in relation to how resolution should be triggered.

    26/05/2015 - Press releases

  • EBA updates guidelines on interest rate risk arising from non-trading activities

    The European Banking Authority (EBA) published today an updated version of the CEBS guidelines on technical aspects of the management of interest rate risk arising from non-trading activities under the supervisory review process, published on 3 October 2006. The guidance provided in these updated guidelines applies to the interest rate risk arising from non-trading activities (IRRBB), one of the Pillar 2 risks specified in the Capital Requirements Directive (CRDIV).

    22/05/2015 - Press releases

  • EBA outlines its upcoming initiatives for the regulation of retail payments

    The EBA announced today that it is getting ready to develop requirements that will harmonise regulatory and supervisory practices to ensure secure, easy and efficient payment services across the EU. The EBA will do so by fulfilling mandates under the upcoming revised Payments Services Directive (PSD2) and the Interchange Fee Regulation (IFR). It has also issued final Guidelines for the security of internet payments that are applicable from 1 August 2015.

    21/05/2015 - Press releases

  • EBA issues guidance on the implementation of resolution tools

    The European Banking Authority (EBA) published three sets of final Guidelines aimed at facilitating the implementation of resolution tools in the banking sector across the EU. These Guidelines, which stem from the EU Bank Recovery and Resolution Directive (BRRD), foster convergence on resolution matters by giving detailed guidance to EU Resolution Authorities on the circumstances they should assess when taking their resolution decisions.

    20/05/2015 - Press releases

  • EBA updates list of closely correlated currencies

    The EBA updated today the list of closely correlated currencies that was published in December 2013 as part of the implementing technical standards (ITS) that were drafted for the purposes of calculating the capital requirements for foreign-exchange risk according to the standardised rules. The list was updated according to the procedure and methodology laid down in the ITS.

    13/05/2015 - News

  • EBA consults on the valuation of derivatives in resolution

    The European Banking Authority (EBA) launched today a public consultation on its draft Regulatory Technical Standards (RTS) defining the valuation of derivative liabilities for the purpose of bail-in in resolution. These standards have been developed within the framework of the Bank Recovery and Resolution Directive (BRRD) which sets procedures for the recovery and resolution of credit institutions across the EU. The draft RTS provide EU resolution authorities with a methodology for the valuation of derivative liabilities of credit institutions placed under resolution and ensure that the discipline brought in by the new bail-in tool can effectively be extended to these liabilities too. The consultation will run until 13 August 2015.

    13/05/2015 - News

  • Joint Committee of ESAs publishes its recommendations on securitisation

    The Joint Committee of the three European Supervisory Authorities (ESAs) has published a report detailing its findings and recommendations regarding the disclosure requirements and obligations relating to due diligence, supervisory reporting and retention rules in existing EU law on Structured Finance Instruments (SFIs).

    12/05/2015 - Press releases

  • EBA consults on technical standards on specialised lending exposures

    The European Banking Authority (EBA) launched today a consultation on Regulatory Technical Standards (RTS) on specialised lending exposures. The proposed RTS aim to specify how institutions should take into account several factors when assigning risk weights to specialised lending exposures and how they should treat these factors. The consultation runs until 11 August 2015.

    11/05/2015 - News

  • EBA publishes updated DPM and XBRL taxonomy for remittance of supervisory reporting of funding plans and supervisory benchmarking

    The European Banking Authority (EBA) published today an update to the XBRL taxonomy that Competent Authorities shall use for the remittance of data under the EBA Implementing Technical Standards (ITS) on supervisory reporting. The revised taxonomy will be used for reports on funding plans and supervisory benchmarking regarding reference dates of 31 December 2014 onwards.

    08/05/2015 - Press releases

  • EBA publishes its final Guidelines on triggers for the use of early intervention measures

    The European Banking Authority (EBA) published today its final Guidelines on triggers for the use of early intervention measures. These Guidelines aim at promoting convergence of supervisory practices in relation to the application of early intervention measures as provided for in the Bank Recovery and Resolution Directive (BRRD). The Guidelines establish a link between the on-going supervision conducted by the Competent Authorities according to the Capital Requirement Directive (CRD) and the early intervention powers set out in the BRRD.

    08/05/2015 - Press releases

  • EBA consults on draft technical standards on the mapping of ECAIs credit assessments for securitisation positions

    The European Banking Authority (EBA) launched today a consultation on draft Implementing Technical Standards (ITS) on the mapping of External Credit Assessment Institutions’ (ECAIs) credit assessments for securitisation positions. These ITS will be part of the Single Rulebook in banking aimed at enhancing regulatory harmonisation across the European Union (EU) and will allow the credit ratings of all registered credit rating agencies to be used for the purposes of calculating institutions’ capital requirements. The consultation will run until 7 August 2015.

    07/05/2015 - News

  • EBA issues final guidance on recovery indicators

    The European Banking Authority (EBA) published today its final Guidelines on indicators for the recovery and resolution plans of credit institutions and investment firms across the EU. These provide the minimum list of qualitative and quantitative indicators that institutions should include in their recovery plans and will function as triggers for the recovery plans, as prescribed by the EU Bank Recovery and Resolution Directive (BRRD).

    06/05/2015 - Press releases

  • ESAs - main risks to EU financial market stability have intensified

    The Joint Committee of the European Supervisory Authorities (ESAs) published its fifth Report on Risks and Vulnerabilities in the EU Financial System. Overall, the report found that in the past six months, risks affecting the EU financial system have not changed in substance, but have further intensified.

    05/05/2015 - Press releases

  • EBA updates its monitoring of Additional Tier 1 capital instruments

    The European Banking Authority (EBA) published today an update of its first report on the monitoring of Additional Tier 1 (AT1) capital instruments issued by EU institutions and released on 7th October 2014 . This update is partly based on the review of new AT1 issuances and includes some final conclusions of the EBA on issues previously flagged as being under investigation. The EBA expects to gather further insight on the basis of future issuances.

    04/05/2015 - Press releases

  • EBA consults on a revised data template for the identification of G-SIIS

    The European Banking Authority (EBA) launched today a consultation to update its data template for the identification of global systemically relevant institutions (G-SIIs). The need for this revision was prompted by the new data template and some minor revisions introduced by the Basel Committee on Banking Supervision (BCBS) in January 2015 for the identification of global systemically important banks (G-SIBs). The consultation runs until 20 May 2015.

    29/04/2015 - News

  • EBA acknowledges notification from the Bank of Greece

    The EBA acknowledges notification from the Bank of Greece with respect to its decision on Resolution of Panellinia Bank S.A.

    28/04/2015 - News

  • EBA to host workshop on proportionality measures for regulatory purposes

    On 3 July 2015, the European Banking Authority (EBA) will host its second workshop on the application of the proportionality principle in the EU banking supervisory framework, covering the latest institutional and regulatory reforms.

    20/04/2015 - News

  • EBA reviews work of EU colleges of Supervisors for cross-border banking groups

    The European Banking Authority (EBA) today published its annual assessment of EU colleges of Supervisors, responsible for the oversight of cross border banks. The report assesses how colleges have functioned during 2014 and identifies key activities for the effective oversight of EU cross border banking groups in 2015. The report introduces items for supervisory attention in 2015, including conduct risk, Information Technology (IT) risks and the need for effective decisions on recovery plans.

    16/04/2015 - Press releases

  • EBA: Ongoing progress on supervisory convergence is vital for the single market

    The European Banking Authority (EBA) published today its first annual Report addressed to the EU Parliament and the Council on the convergence of supervisory review practices in the EU banking sector. The Report covers the findings of an assessment carried out over the past 3 years and focuses on Supervisory Review and Evaluation Process and assessment of risks (SREP), supervisory stress testing, ongoing review of internal models, and supervisory measures and powers.

    09/04/2015 - Press releases

  • EBA publishes revised version of its 2015 Work Programme

    The EBA published today a revised version of its Work Programme for 2015. This review was carried out following the receipt of some additional mandates and a reduction to the EBA budget, which took place since the adoption of the EBA's 2015 Work Programme in September 2014.

    08/04/2015 - News

  • EBA issues recommendation on equivalence of non-EU authorities for participation in supervisory colleges

    The European Banking Authority (EBA) published today a Recommendation specifying its opinion on the confidentiality regime of several non-EU supervisory authorities to facilitate their participation in supervisory colleges overseeing international banks, led by EU supervisors. The paper looks at the conditions that need to be met in terms of confidentiality requirements and gives an overview of equivalence to EU standards. This work aims to harmonise the application of Art. 116 (6) of the Capital Requirements Directive (CRD) in the composition of supervisory colleges.

    01/04/2015 - Press releases

  • Joint Committee of ESAs to hold Consumer Protection Day 2015

    The Joint Committee of the European Supervisory Authorities (ESAs) is organising the third Joint ESAs Consumer Protection Day on 3 June 2015 in Frankfurt am Main. The event will bring together, from all over Europe, thought leaders of consumer/investor organisations, national regulators, EU institutions, academics and key market participants to discuss consumer protection-related issues in the financial services area.

    01/04/2015 - News

  • EBA consults on exposures to shadow banking

    The EBA launched a public consultation on its guidelines proposing criteria to set limits on EU institutions’ exposures to shadow banking entities. The document lays out a qualitative approach for institutions to develop their internal policies for monitoring and setting appropriate limits, both at individual and aggregate levels. These guidelines will also help inform the Commission’s work in relation to its report on the appropriateness and impact of imposing limits on exposures to shadow banking entities under Article 395(2) of the Capital Requirements Regulation (CRR). The consultation runs until 19 June 2015.

    19/03/2015 - News

  • EBA starts work to standardise fee terminology for payment accounts across the EU

    The European Banking Authority (EBA) published its Final Guidelines on standardised fee terminology for EU payment accounts in the EU. These guidelines are the first step towards developing standardised terminology across the EU. They are developed in accordance with the EU Payment Accounts Directive, which requires standardisation of terminology for services that are found to be common in at least a majority of Member States. These Guidelines have been finalised following a two-month consultation period that ended in January 2015.

    18/03/2015 - Press releases

  • Call for papers for the fourth 4th Annual EBA Research Workshop

    The European Banking Authority (EBA) launches today a call for research papers in view of its fourth policy research workshop taking place on 18-19 November 2015 in London on the topic ‘Financial regulation and the real economy: a micro-prudential perspective’.

    18/03/2015 - News

  • 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. 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&A, as well as to correct legal references and other clerical errors. The amendments are expected to be applicable for reporting as of June 2015.

    18/03/2015 - Press releases

  • EBA updates its risk dashboard for EU banking sector

    The European Banking Authority (EBA) published today an update to its periodic risk dashboard summarising the main risks and vulnerabilities in the EU banking sector on the basis of the evolution of Key Risk Indicators (KRI) from 55 banks for the third quarter of 2014. This edition of the risk dashboard is the first to have balance sheet information based on the supervisory reporting standards from FINREP, the Financial Reporting framework for financial institutions across the EU.

    16/03/2015 - 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. Competent Authorities throughout the EU are informed that data submitted in accordance with these ITS should not be validated against the set of deactivated rules.

    10/03/2015 - News

  • EBA defines requirements for business reorganisation plans

    The European Banking Authority (EBA) launched a public consultation on its draft Regulatory Technical Standards (RTS) on the content of “Business Reorganisation Plans and Progress Reports” and Guidelines on the assessment of these plans. The RTS and the Guidelines have been developed within the framework established by the Bank Recovery and Resolution Directive (BRRD) which sets procedures for the recovery and resolution of credit institutions, investment firms and related entities across the EU. The consultation runs until 9 June 2015.

    09/03/2015 - News

  • The EBA advises on resolution procedures for EU banks

    The EBA issued today advice to the European Commission on the resolution framework for EU banks, covering the definition of critical functions and core business lines, as well as rules for the exclusion of liabilities from the application of the bail-in tool. The Authority reminded that the purpose of the bail-in tool is to ensure the legislative principle that shareholders and creditors of a failing institution have to bear its losses, and as such exemptions should be applied cautiously. The EBA advice on critical functions is based on its work on rules for recovery planning and on a comparative analysis of the recovery plans of 27 European cross-border banking groups which identified key strengths and weaknesses in banks’ approaches and is also published today.

    06/03/2015 - Press releases

  • EBA, EIOPA and ESMA consult on draft technical standards on the credit quality steps for ECAIs credit assessments

    The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) launched today a consultation on draft Implementing Technical Standards (ITS) on the allocation of External Credit Assessment Institution (ECAIs) to an objective scale of credit quality steps under Solvency II.

    06/03/2015 - News

  • EBA consults on records of financial contracts

    The European Banking Authority (EBA) launched today a public consultation on draft Regulatory Technical Standards (RTS) on detailed records of financial contracts of institutions or relevant entities. These RTS have been developed within the framework established by the Bank Recovery and Resolution Directive (BRRD) which sets procedures for the recovery and resolution of credit institutions, investment firms and related entities across the EU Single Market. These standards aim to guarantee appropriate convergence in record keeping across the EU, whilst also ensuring that differences in institutions or relevant entities are taken into account. This consultation runs until 6 June 2015.

    06/03/2015 - News

  • EBA acknowledges notification from Austrian Financial Market Authority

    The EBA acknowledges notification from the Austrian Financial Market Authority (Finanzmarktaufsicht, FMA) with respect to its decision on Heta Asset Resolution AG.

    05/03/2015 - News

  • EBA finds Swedish waiver on covered bonds justified

    The European Banking Authority (EBA) announced today that significant potential concentration problems in Sweden justify the application of a partial waiver on covered bonds. The opinion is addressed to the Swedish Financial Supervisory Authority (Finansinspektionen) and follows their notification that they intend to implement a partial waiver on the eligibility of covered bonds in relation to risk weight preferential treatment. The verdict comes after a review of the Swedish covered bonds market and concerns the application of Article 129 (1) of the Capital Requirements Regulation (CRR).

    05/03/2015 - Press releases

  • EBA puts forward preliminary proposals to improve the IRB regulatory framework

    The European Banking Authority (EBA) launched today a discussion paper on the regulatory measures needed to ensure a robust and clear framework for Internal Ratings Based (IRB) models. The discussion paper seeks stakeholders’ feedback on both how to implement the necessary measures in a consistent way and how to bring forward future changes to the current approach. In addition, an overview of the regulatory measures that are under way is provided. The consultation runs until 5 May 2015.

    04/03/2015 - News

  • EBA reviews guidelines on remuneration policies

    The European Banking Authority (EBA) launched today a three-month public consultation on its Guidelines on sound remuneration policies. These draft Guidelines set out the governance process for implementing sound remuneration policies across the EU, as well as the specific criteria for mapping all remuneration components into either fixed or variable pay. Guidance is also provided on the application of deferral arrangements and the pay-out instruments ensuring that variable remuneration is aligned with an institution’s long-term risks and that any ex-post risk adjustments can be applied as appropriate.

    04/03/2015 - Press releases

  • EBA publishes results of the Basel III monitoring exercise as of 30 June 2014

    The European Banking Authority (EBA) published today its seventh 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 and liquidity ratios- including liquidity coverage ratio (LCR) and net stable funding ratio (NSFR)- and leverage ratio (LR) for banks in the European Union (EU).

    03/03/2015 - Press releases

  • EBA updates on future EU-wide stress tests

    In its meeting on 24 February 2015, the Board of Supervisors of the European Banking Authority (EBA) decided not to carry out an EU-wide stress test in 2015 and to start preparing for the next exercise in 2016. Instead of a stress test, in 2015, the EBA will be running a transparency exercise in line with the one conducted in 2013, which will provide detailed data on EU banks’ balance sheets and portfolios. This decision has been communicated to the European Parliament, the Council and the Commission.

    03/03/2015 - Press releases

  • EBA publishes new DPM and XBRL taxonomy for remittance of supervisory reporting as of 30 June 2015

    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 30 June 2015 onwards and will be used for the first reports on additional liquidity monitoring metrics and supervisory benchmarking. 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.

    02/03/2015 - Press releases

  • EBA delivers benchmarking package

    The European Banking Authority (EBA) published a set of papers for benchmarking the internal approaches that EU institutions use to calculate own-funds requirements for credit and market risk exposures. The EBA final draft Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS) specify in detail the framework for EU institutions and competent authorities to carry out the annual supervisory benchmarking foreseen by the Capital Requirements Directive (CRD IV). The EBA also issued its response to a call for advice by the European Commission’s on the benchmarking process. This work is part of the EBA’s efforts to address possible inconsistencies in the calculation of risk weighted assets (RWAs) across the EU Single Market and to ultimately restore confidence in EU banks’ capital and internal models.

    02/03/2015 - Press releases

  • EBA consults on prudential requirements for central securities depositories (CSDs)

    The European Banking Authority (EBA) launched today a public consultation on draft Regulatory Technical Standards (RTS) on prudential requirements for central securities depositories (CSDs). These RTS have been developed within the framework established by the Regulation on settlement and Central Securities Depositories (CSD-R), which aims to increase the safety and efficiency of securities settlement and settlement infrastructures. The consultation runs until 27 April 2015.

    27/02/2015 - News

  • EBA recommends convergence of lending-based crowdfunding regulation across the EU

    In an opinion issued today, the European Banking Authority (EBA) recommended that EU legislators clarify the applicability of existing EU law to lending-based crowdfunding, so as to ensure that all participants can have confidence in this new market segment. The EBA opinion, which is addressed to the European Commission, the European Parliament and the EU Council, looked into lending-based crowdfunding across the EU, identified a series of risks and evaluated how they can be addressed in the EU legislative framework.

    26/02/2015 - Press releases

  • The EBA advises the European Commission on Credit Valuation Adjustment (CVA) risk

    The European Banking Authority (EBA) published today an Opinion addressed to the European Commission on several aspects related to the calculation of own funds requirements for Credit Valuation Adjustment (CVA) risk. The sixteen policy recommendations in the Opinion build on an extensive technical analysis conducted by the EBA, which is also published today in the form of a Report and a Review. Based on the findings of the Report, the Commission may adopt a delegated act.

    25/02/2015 - Press releases

  • EBA advises on the definition of eligible capital

    The European Banking Authority (EBA) published today its Opinion on the review of the appropriateness of the definition of ‘eligible capital’, in response to a call for advice received from the European Commission in December 2013. On the basis of information gathered during the first year of application of the Capital Requirements Regulation (CRR), the EBA provides its preliminary views which are relevant for the large exposures framework, as well as for investment firms and qualifying holdings.

    17/02/2015 - News

  • EBA adds BRRD to its online Interactive Single Rulebook and Q&A tools

    The European Banking Authority (EBA) has updated its online Interactive Single Rulebook and Q&A tools with the inclusion of the Bank Recovery and Resolution Directive (BRRD).

    30/01/2015 - News

  • EBA publishes revised version of its final draft technical standards on prudent valuation

    The European Banking Authority (EBA) has decided to make a specific and limited amendment to its final draft Regulatory Technical Standards (RTS) on Prudent Valuation published on 31 March 2014. As a consequence of this decision, all occurrences of ‘volatility’ in Article 9 and Article 10 of the final draft RTS published on 31 March 2014 should be replaced by ‘variance’ for the purposes of computing market price uncertainty and close-out costs additional valuation adjustments (AVAs).

    23/01/2015 - News

  • EBA says impact of liquidity coverage requirements for EU banks not likely to have adverse effects

    The European Banking Authority (EBA) published today its impact assessment report for liquidity coverage requirements. Overall, this analysis points to improvements of EU banks’ compliance with Liquidity Coverage Ratio (LCR) requirements and shows that the implementation of the LCR is not likely to have a negative impact on the stability of financial markets and of the supply of bank lending. The report is based on liquidity data provided by 322 European banks, covering about 2/3 of total banking assets in the EU, and it will inform EU policies aimed at strengthening the resilience of EU banks.

    15/01/2015 - News

  • Andrea Enria's speech: "Challenges for the future of EU banking"

    Speech given by Andrea Enria at the Banking Forum of IESE Business School in Barcelona on 26 November 2014, and at the III Financial Meeting organised by CECA and the Spanish Banking Association in Madrid on 14 January 2015.

    15/01/2015 - News

  • EBA consults on procedures, forms and templates for resolution planning

    The European Banking Authority (EBA) launched today a public consultation on draft Implementing Technical Standards (ITS) on procedures, forms and templates for resolution planning. These ITS have been developed within the framework established by the Bank Recovery and Resolution Directive (BRRD) which sets procedures for the recovery and resolution of credit institutions, investment firms and related entities across the EU. This consultation runs until 14 April 2015.

    14/01/2015 - News