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The European Banking Authority (EBA) launched today a public consultation on draft Guidelines (GLs) on the determination of the weighted average maturity (WAM) of the contractual payments due under the tranche, as per the Capital Requirements Regulation (CRR) Article 257(1) (a). These draft GLs aim at ensuring that the methodology applicable for the determination of the WAM for regulatory purposes is sufficiently harmonised in order to increase consistency and comparability in the own funds held by institutions.

The European Banking Authority (EBA) published today a response to a letter received from the European Commission (EC) regarding an EBA Opinion on the intention by Eesti Pank, the Estonian Central Bank, to introduce stricter national measures for credit institutions in Estonia using the Internal Ratings Based (IRB) approach, in accordance with Article 458 of the Capital Requirements Regulation (CRR). In its Opinion, the EBA had concluded that the evidence presented by Eesti Pank was not sufficient to support the suitability and appropriateness of the suggested measure. In the letter received by the Commission, the EBA was asked to either revise or confirm its Opinion following the submission of additional information by Eesti Pank. In its reply, the EBA assessed that there were not sufficient grounds to change its initial Opinion.

The European Banking Authority (EBA) published today an Opinion on the use of eIDAS certificates under the Regulatory Technical Standards (RTS) on Strong Customer Authentication and Common and Secure Communication (SCA&CSC). In the Opinion, the EBA clarifies specific aspects on the use of qualified certificates for electronic seals (QSealCs) and qualified certificates for website authentication (QWACs) for the purpose of identification of payment service providers (PSPs) under the RTS, the content of these certificates, and the process for their revocation.

The European Banking Authority (EBA) published today an Opinion following the notification by the Finnish Financial Supervisory Authority (FIN-FSA) of its intention to extend a measure introduced in 2017 regarding the use of Article 458 of the Capital Requirements Regulation (CRR). The measure is primarily driven by persistent macroprudential risks in the Finnish economy related to residential mortgage loans and residential mortgage indebtedness. Based on the evidence submitted, the EBA does not object to the extension of the proposed measure, which will be applied from 1 January to 31 December 2020.