Annex I – Core business statistics

Key performance indicators (KPIs)

Priority: Finalising the Basel III implementation in the EU

KPI

Source of information KPI A: EBA work programme monitoring tool and annual report.

In relation to KPI A the EBA delivered 29 technical standards, guidelines and reports compared to 41 indicated as planned in the 2023 work programme. While some items had to be postponed, delayed or cancelled for various, valid reasons – often outside of the EBA’s control - the tables in section 1.4. show 24 additional deliverables for activities 1-6 and 11, which brings the achievement rate to 82%.   

Priority: Running an enhanced EU-wide stress test

KPI

Source of information KPI A, KPI B: EBA work programme monitoring tool and publications

Regarding the KPIs, the following should be noted:

KPI A: Validation of ECB Net Fee and Commission Income (NFCI) and Net Interest Income (NII) projections for use as top-down models for possible use as top-down in the 2023 stress test took place in February 2023.

KPI B: The 2023 EU-wide stress test was run from January 2023, with results published in July 2023.

Priority: Putting data at the service of stakeholders

KPI

Source of information KPI A: launch of the portal for use by EBA users and competent authorities; KPI B: Publication of DPM 2.0  standard in June and publication of implementation plan in October 2023; KPI C: Launch of DPM studio late 2023.

Regarding the KPIs, the following should be noted.

KPI A: EDAP was launched for internal users and competent authorities in 2023.

KPI B: DPM 2.0 standard was launched in H1 2023. Implementation started in 2023 by launching a DPM quality review. The EBA will issue technical packages with DPM 2.0 starting from H2 2024, with transitional use until the end of 2025.

KPI C: The first version of the DPM Studio tool was launched in 2023.

Priority: Delivering on digital finance and MiCAR/DORA mandates 

KPIs

Source of information: KPI A, B: and D: EBA work programme monitoring tool and publications, KPI C: DORA /MiCAR milestones tracker, .KPI E: Internal ESA report to DG Reform.

Regarding the KPIs, the following should be noted.

KPI A: for the 20 mandates for technical standards and guidelines the EBA delivered consultation papers in accordance with the planning – as revised to reflect the later-than-expected finalisation of MiCAR – with only one mandate having been postponed to the extent that the initial timeline was indicative (as MiCAR had not yet been finalised) and had to be reviewed and agreed between the ESAs. This amounts to an achievement rate of 95%.

KPI B: for the 13 mandates for technical standards and guidelines the EBA delivered in accordance with the planning 4 final draft RTS, 4 CPs for draft RTS, 1 final draft ITS, 1 CP for draft ITS and 2 CPs for draft guidelines. This amounts to an achievement rate of 100%.

KPI C: in respect of the operational readiness to take up tasks (supervision/oversight etc.) effectively and efficiently the implementation of the plan is fully on track.

KPI D: the EBA published in 2023 the report on the stocktake on BigTech direct financial services provision in the EU[1] and the joint ESAs report on innovation facilitators[2].

KPI E: review and quality verification of training curriculum of the SDFA has been completed in accordance with the SLA.

Priority: Enhancing capacity to fight money laundering and terrorist financing in the EU

KPIs

Source of information: KPIs C, D and E: EBA work programme monitoring tool and publications; KPI F: internal project plan.

Regarding the KPIs, the following should be noted.

KPI C: to support its capacity to identify, analyse and disseminate information on ML/TF risks the EBA published its fourth Opinion on money laundering and terrorist financing risks across the EU[3] and its third staff-led review of competent authorities’ approaches to tackling money laundering and terrorist financing (ML/TF) risks in the banking sector[4].

KPI D: in terms of its contribution to the implementation of a holistic approach to tackling financial crime, the EBA delivered, in accordance with the planning mandates under the 2022 Fund Transfers Regulation, two final sets of guidelines and two CPs for draft guidelines, and as part of its work on de-risking one final set of guidelines and an amendment to existing guidelines. This amounts to an achievement rate of 100%.

KPI E: as part of efforts to achieve effective AML/CFT supervision the EBA published: a report on money laundering and terrorist financing (ML/TF) risks associated with EU payment institutions[5] and also its third report on the functioning of anti-money laundering and countering the financing of terrorism (AML/CFT) colleges[6] which covers the thematic review; as well as the third staff-led implementation report and implementation reviews of 11 CAs in 5 MS as part of the fourth and final round.

KPI F: the execution of the project plan to prepare for the smooth transfer of powers to AMLA is on track (see section 1.1.5 for further details).

Priority: Implementing the environmental, social and governance (ESG) roadmap

KPIs

Source of information: KPI A and KPI B: EBA work programme monitoring tool and publications.

NB: KPI B was adopted after the finalisation of the 2023 Work programme.

Regarding the KPIs, the following should be noted.

• KPI A: the EBA delivered seven ESG-related mandates. Only one of the reports was indicated in the 2023 planning, the remaining deliverables were either based on the newly proposed draft mandates, or requested by the Commission later. The mandates delivered in 2023 included one final draft RTS developed jointly with ESMA and EIOPA , one draft set of guidelines, two reports and two responses to Calls for Advice from the Commission. Most of the products were delivered within the requested timelines; only one joint final draft RTS was delivered after the deadline, which was due to controversies related to the issues covered by the RTS.
• KPI B: the implementation of the one-off Fit-for-55 climate risk scenario analysis is on track, with the data collection launched in December 2023. 

Annex II – Budgetary and financial management

Revenue

The EBA Founding Regulation stipulates that the revenues of the Authority shall consist, in particular, of:

• obligatory contributions from national public authorities competent for the supervision of financial institutions;
• a subsidy from the European Union;
• any fees paid to the Authority in the cases specified in the relevant instruments of the Union law.

Furthermore, Article 20 of the Financial Regulation enables the EBA to collect other external and internal assigned revenue used to finance specific items of expenditure.

Comparison of revenues received in 2023 vs 2022

Expenditure

In 2023, the EBA reached a budget execution rate of 97.4% (or EUR 51 683 951) on all revenues received. The budget execution was impacted by having a lower-than-planned number of temporary and contract agents, a lower number of guidelines being sent for translation than had been planned for, and several IT projects that were either cancelled or postponed to 2024.

Comparison of total appropriations committed at the end of the year in 2023 vs 2022

Budget execution of 2023 funds by chapter

Budget outturn

The budget outturn of EUR 1 080 883 was driven primarily by underspend of EUR 1 005 089 on the 2023 budget, with a further EUR 71 989 generated by cancellation of commitments carried over from 2022.

Cancellation of commitment and payment appropriations for the reporting year

The 2023 budget year was characterised initially by constraints on spending as a result of higher-than-expected salary indexation and general inflation. As the year went on, these constraints eased as the number of TA and CA hitting the budget was 5-10 % below target. At the end of the year, a number of planned guideline translations were delayed resulting in further appropriations going unused.

Cancellation of commitment and payment appropriations carried over

One hundred and eight commitments were carried over from 2022. The EBA decommitted 1.1 % of the value of commitments carried over i.e., EUR 71 989 from a total of EUR 6 322 359

Budget outturn for 2021-2023

Budget transfers

In 2023, the EBA processed 27 budget transfers, of which 6 included transfers between titles. All of the transfers between titles were below the 10% threshold that would have required MB approval.

Budget transfer statistics

A summary per budget chapters of the budget amendments and transfers made in 2023 is available in the table below.

Budget amendments and transfers per chapter

Chairperson and Executive Director expenses

Mission, representation and other expenses in accordance with Articles 11 to 15 of Annex VII to the Staff Regulations amounted to EUR 9 581 for the Chairperson and EUR 6 166 for the Executive Director.

Transaction processing

The tables below show the volume and value of commitments and payments processed in 2023 compared to 2022, irrespective of the source of funding. This includes any commitments (decommitments) and payments related to the budget appropriations carried over from the previous year (C5 and C8).

Commitments (including all fund sources, top-ups and decommitments)

Payments (on all fund sources, including carry forward)

The figures above include batch payments (referred to as mass payment load (MPL). The EBA uses MPL for payments to:

• staff: for salaries and allowances, for missions reimbursements, and for contributions including the home office contribution and public transport contribution;
• SNE and trainees: of monthly allowances and travel allowances.

The table below provides more data on these batch payments. They have contributed to a significant workload increase, as the supporting documentation for each of the individual payments contained within an MPL is subject to ex-ante control. 

Payments by mass payment load (MPL) excluding staff salaries and SNE/trainee allowances

Recovery orders

Supplier invoices – payment timing

The figure below compares payment timing in 2023 with previous years, by block of five days. In 2023, 19 % of payment requests were paid within 10 days and 27% of payment requests paid in the period 10-15 days after reception. These payment times are slower than was seen in 2022, due to two main factors: the EBA was dealing with an overall increase in transaction volumes, while Finance operated for the full year short one and a half FTE.

Payment timing statistics 2021-2023

In 2023, the EBA paid only two invoices after the due date. This is an improvement on 2022, particularly given the increase in the number of invoices paid. However, on one of these invoices (from the European Commission) the EBA was required to pay late payment interest of EUR 607. This is the first late payment interest paid by the EBA since 2013.

Invoice processing statistics

When the EBA receives an invoice that is incorrect, not in accordance with the underlying contract, or where clarification is required, the EBA has the option of ‘suspending’ it in the accounting system (ABAC). This pauses the payment time clock, so that the suspended invoice does not go past its due date while the issue is being resolved. Finance keeps a measure of this because such invoices drive an increase in workload for staff that have to spend time trying to resolve the issue.

Legality and regularity indicators (linked to paragraph 2.3.3 of the report)

Annex III - Organisation chart (31 December 2023)

Annex IV – Establishment plan and additional information on human resources management

Establishment plan