European Supervisory Authorities (EBA, EIOPA, ESMA) update the Joint Committee’s Rules of Procedure for 2024, defining governance, meeting protocols, and cross-sectoral cooperation on financial stability, consumer protection, cybersecurity, and prudential oversight.
EBA, EIOPA, and ESMA outline the mandate of the Joint Committee Sub-Committee on Financial Conglomerates (JCFC), detailing its role in supervisory coordination, systemic risk assessment, and regulatory input under the Financial Conglomerates Directive (2002/87/EC).
European Supervisory Authorities’ Joint Committee establishes the mandate of the Securitisation Committee (JCSC) under the Securitisation Regulation (EU) 2017/2402, outlining its role in coordinating supervision, ensuring consistent STS securitisation implementation, and resolving cross-sectoral disputes among competent authorities.
EBA and ESMA outline notification requirements for EU Member States under MiCAR (Regulation 2023/1114), covering designation of competent authorities (Article 93), implementation of Title VII (Article 99), and rules on administrative penalties (Article 111), including submission templates and procedures.
To enhance the information exchange between supervisory authorities within the European Union, also across different parts of the financial sector, the ESAs have developed an ESAs F&P Information System. The Joint Guidelines clarify its use and how data can be exchanged.
EBA, EIOPA, and ESMA establish joint guidelines for a cross-sectoral information system to facilitate fit and proper assessments of qualifying holders, directors, and key function holders in financial institutions, ensuring efficient data exchange among competent authorities under EU regulations.
The European Banking Authority (EBA) published today an updated list of capital instruments that are classified as Common Equity Tier 1 (CET1).