Search

The European Banking Authority (EBA) today published its annual Report on convergence of supervisory practices for 2022. The common supervisory impetus across the EU met its goal for most of the supervisory priorities set in the EBA European Supervisory Examination Programme for 2022 (ESEP), although competent authorities are still in the process of building up their capacity to review the risks associated with the digital transformation and environmental, social and corporate governance (ESG). Competent authorities also showed ability to react to macro events that affected the financial situation of institutions under their supervision, though timely information exchange and cooperation should be enhanced. Lastly, supervisors consciously applied proportionality in their supervisory practices.

As part of its drive for more proportionate regulatory reporting framework, the European Banking Authority (EBA) has issued today the first version of an interactive signposting tool, that aims at supporting institutions in identifying relevant modules and templates for their reporting requirements.