EBA Board of Supervisors agrees a template for the MoU to facilitate supervisory cooperation between the EU and UK supervisors in case of a no-deal Brexit

The Board of Supervisors of the European Banking Authority (EBA) agreed a template for the memorandum of understanding (MoU) outlining provisions of supervisory cooperation and information exchange between the EU supervisory authorities and the UK Prudential Regulatory Authority (PRA) and the Financial Conduct Authority (FCA). The template will serve as the basis for bilateral MoUs that are being negotiated and signed by the relevant EU competent authorities and the UK authorities. The template forms part of the authorities’ preparations should the UK leave the EU without a ratified withdrawal agreement (the no-deal scenario). The MoUs will, therefore, only take effect in the event of a no-deal scenario materialising.

EBA updates methodological guidance on risk indicators and analysis tools

The European Banking Authority (EBA) published today an updated methodological guide on how to compile risk indicators and detailed risk analysis tools. This guidance, which describes how risk indicators are computed in EBA publications, allows competent authorities and users of EBA data to interpret key bank figures in a consistent fashion when conducting their risk assessments.

EBA updates list of Other Systemically Important Institutions (O-SIIs)

The European Banking Authority (EBA) updated today the 2018 list of Other Systemically Important Institutions (O-SIIs) in the EU. O-SIIs - those institutions which, along with Global Systemically Important Institutions (G-SIIs), are deemed systemically important - have been identified by the relevant authorities across the Union according to harmonised criteria provided by the EBA Guidelines. This list also reflects the additional capital buffers that the relevant authorities have set for the identified O-SIIs. For the first time, the list of O-SIIs is made available in a user-friendly visualisation tool format, including the information on O-SII buffers assigned to identify institutions across the EU.

EBA goes live with its central register of payment and electronic money institutions under PSD2

The European Banking Authority (EBA) launched today its central electronic register under the Payments Services Directive (PSD2). The register will provide information on several thousand payment and electronic money institutions and 150,000 agents within the EU. Its objective is to increase transparency and ensure a high level of consumer protection within the European Single Market.

EBA launches call for papers for its 2019 Policy Research Workshop

The European Banking Authority (EBA) launches today a call for research papers in view of the 2019 Policy Research Workshop taking place on 27-28 November 2019 in Paris on the topic "The future of stress tests in the banking sector – approaches, governance and methodologies". The submission deadline is 12 July 2019.

EBA notes good progress in convergence of supervisory practices across the EU

The European Banking Authority (EBA) published today its annual Report on the convergence of supervisory practices in the EU. The EBA's work in supervisory convergence aims at fostering comparable supervisory approaches across the single market. This is necessary to ensure a level playing field, effective supervision of cross border groups, and to promote supervisory best practices.

EBA amends technical standards on benchmarking of internal approaches

The European Banking Authority (EBA) published today an amended version, submitted to the EU Commission, of its Implementing Technical Standards (ITS) on benchmarking of internal approaches, for running the 2017 exercise . The amended ITS will assist Competent Authorities in their 2017 assessment of internal approaches both for credit risk, and for market risk.

EBA consults on amended technical standards on benchmarking of internal models

The European Banking Authority (EBA) launched today a consultation to amend the Commission Implementing Regulation on benchmarking of internal models to adjust the benchmarking portfolios and reporting requirements in view of the benchmarking exercise the EBA will carry out in 2019. The proposed changes reduce uncertainties in the credit risk portfolios, thus aiming at fostering a common and coherent interpretation and implementation of the reporting requirements across EU institutions. The consultation will run until 31 January 2018.

EBA launches consultation to amend Regulation on benchmarking of internal models

The European Banking Authority (EBA) launched today a consultation to amend the Commission’s Implementing Regulation on benchmarking of internal models to adjust the benchmarking portfolios and reporting requirements in view of the benchmarking exercise it will carry out in 2020. The proposed changes aim at simplifying the portfolio’s structure for the credit risk part of the exercise, and getting more insights into the model used for pricing for the market risk part of the exercise. The consultation will run until 1 February 2019.

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.

Subscribe to email alerts

Subscribe to our mailing list to receive our latest news and announcements
Subscribe