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Securitisation and Covered Bonds

In line with the mandates laid down in the Capital Requirements Directive (CRDIV) and Capital Requirements Regulation (CRR), and the calls for advice from the European Commission, the EBA has developed a number of draft Technical Standards, Opinions, Guidelines and Reports covering the areas of securitisation and covered bonds.In particular, the EBA has developed Technical Standards on securitisation retention rules, due diligence and disclosure requirements, as well as an Opinion and a […]
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Simplification and efficiency of the Regulatory and Supervisory Framework

Over the past decade, the EU regulatory and supervisory framework has expanded significantly, increasing complexity and administrative burden for institutions and authorities alike.As part of the EU‑wide drive to promote simplification, proportionality and efficiency, the EBA has launched a structured programme to streamline regulatory and supervisory rules and processes, while safeguarding financial stability and resilience.The programme aims to:reduce unnecessary complexity;ensure […]
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Supervisory benchmarking exercises

Internal approaches used for the calculation of own funds requirements for market and credit risk are subject to an annual assessment by competent authorities. The EBA assists competent authorities in their assessment by providing a report, which includes benchmarks that help identify any material differences in RWA outcomes. The legal basis for the benchmarking exercises is laid down in the Capital Requirements Directive (CRD), in particular Article 78, as well as in the following technical […]
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Supervisory reporting

This page provides on overview of supervisory reporting requirements. With the entry into force of the CRD IV/CRR framework new reporting requirements become applicable which are defined by the EBA via technical standards or guidelines.A pathway for a more efficient and proportionate supervisory reporting.  DocumentsEBA Risk Reduction Package RoadmapsDecision on institutions ESG data ad-hoc collectionLinksOverview of IT solutions under CRR reporting | IT […]
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Supervisory Review and Evaluation Process (SREP) and Pillar 2

The aim of the Pillar 2 processes is to enhance the link between an institution's risk profile, its risk management and risk mitigation systems, and its capital planning. Pillar 2 can be divided into two major components: (i) aimed at institutions, where those are expected to establish sound, effective and complete strategies and processes to assess and maintain, on an ongoing basis, the amounts, types and distribution of internal capital commensurate to their risk profiles (ICAAP), as well as […]
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Sustainable finance

Sustainable finance aims at integrating Environmental, Social or Governance (ESG) criteria into financial services, and at supporting sustainable economic growth. It also aims at increasing financial actors' awareness and transparency about the need to mitigate ESG risks via an appropriate management, considering in particular the longer-term nature of such risks and the uncertainty on their valuation and pricing.In March 2018, the European Commission published its Action plan on Financing […]
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Third country equivalence and international cooperation

The main goal of equivalence is to manage effectively and facilitate cross-border activity of financial market players in a sound prudential environment, as third countries adhere and adopt the same high standards of prudential rules that are in force within the EU. To this extent, the recognition of equivalence can provide mutual benefits for both the EU and third country financial markets and institutions. The EBA carries out two types of equivalence assessments: equivalence of the […]
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Transparency and Pillar 3

This page presents the policy work undertaken by the EBA to promote transparency and enhanced public disclosures by financial institutions in order to reinforce market discipline.Following the recent updates to the regulatory frameworks for credit institutions and investment firms, and the publication in 2018 of the European Commission’s action plan on sustainable finance, the EBA is implementing a new policy strategy on institutions’ Pillar 3 disclosures that seeks to increase efficiency of […]
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Asset-referenced and e-money tokens (MiCA)

Issuers of asset-referenced tokens (ARTs) and electronic money tokens (EMTs) are required to hold the relevant authorisation to carry out activities in the EU. The relevant requirements are set out in the Markets in Crypto-assets Regulation (MiCAR) and are complemented by technical standards and guidelines developed by the EBA.  DocumentsStatement on the application of MiCAR to ARTs and EMTs | Priorities for the supervision of for ART and EMT issuersStatement on timely preparatory […]