The European Banking Authority (EBA) publishes today its first risk dashboard, summarising the main risks and vulnerabilities in the banking sector in the European Union (EU). The dashboard looks at the evolution of Key Risk Indicators (KRI) from 56 banks across the EU and points to significant improvements, particularly in terms of strengthened capital base.
The European Banking Authority (EBA) released today its final technical standards on supervisory reporting on Non-Performing Exposures and Forbearance, which will provide consistent indicators of asset quality of banks across the European Union. The EBA also issued recommendations on asset quality reviews (AQRs) aimed at supporting existing and/or planned reviews across the EU.
The European Banking Authority (EBA) launched today three consultations on draft technical standards (ITS and RTS) related to liquidity requirements. In particular, the EBA will be consulting on 1) draft ITS on currencies for which the justified demand for liquid assets exceeds their availability; 2) draft RTS on derogations for eligible currencies; and 3) draft ITS listing the currencies with an extremely narrow definition of central bank eligibility. All three consultations will run until 22 December 2013.
The European Banking Authority (EBA) launched today a consultation on draft Implementing Technical Standards (ITS) on disclosure for leverage ratio. These standards will be part of the EU Single Rulebook in the banking sector and aim at harmonising disclosure of the leverage ratio across the EU by providing institutions with uniform templates and instructions. The consultation runs until 24 January 2014.
The EBA announced today the new composition of its Banking Stakeholder Group (BSG). The group, which now enters its second term of work, has the important role of facilitating consultation and dialogue with stakeholders in all the areas relevant to the tasks of the EBA. Newly appointed and reappointed members from the previous term will represent in a balanced way consumers, users and employees, as well as academia and various types of credit and investment institutions across the EU.
The European Banking Authority (EBA) launches today a consultation paper on draft Guidelines setting out the calculation of the discount rate for variable remuneration and clarify how it should be applied. The consultation will run until 18 January 2014.
On 5 December 2013, the European Banking Authority (EBA) will host a workshop on stress testing. This one-day seminar will bring together high-level speakers from commercial banks, as well as from regulatory and supervisory authorities, to discuss the most recent issues regarding stress testing in banks, stress tests as a risk management tool, as well as stress testing from a regulatory perspective.
The EBA publishes today an overview of the objectives and work of the EBA’s Standing Committee on Financial Innovation (SCFI) in 2011-2012 in the area of consumer protection and financial innovation.
The European Banking Authority (EBA) is organising a Policy Research Workshop to discuss measures on how to regulate and resolve systemically important institutions. This workshop, which will bring together leading economists from supervisory authorities, as well as top-academics, provides a forum for presenting academic papers on policy issues on this topic that are relevant at EU and global level.
New or significantly revised mandates were introduced for the EBA following the finalisation of the Capital Requirements Directive IV (CRDIV) and of the Capital Requirements Regulation (CRR), published in the Official Journal on 27 June 2013, and their corrigenda of 2 August 2013.
The Joint Committee publishes the 2013 List of Identified Financial Conglomerates. The latest version of the list shows 75 financial conglomerates with the head of group in an EU/EEA country, one with the head of group in Australia, two with the head of the group in Switzerland, and two with the head of group in the United States
The European Banking Authority (EBA) issued its Banking Stakeholder Group (BSG) end of term of office report. The document covers the outputs of the Group between March 2011 and September 2013, as well as information on its working methodology and its interaction with the EBA.
The European Banking Authority (EBA) published today an updated list of FAQs on the Prudent Valuation Quantitative Impact Study (QIS). Changes and/or clarifications to the FAQs are marked in red in the excel file.
The European Banking Authority (EBA) published its work programme for 2014, describing the main objectives and deliverables of the EBA in the forthcoming year. Activities will focus on three core areas: regulation, oversight and consumer protection.
The Joint Committee of the European Supervisory Authorities (EBA, ESMA, EIOPA) publishes today its Work Programme for next year. Throughout 2014, the Joint Committee will give high priority to the areas of Consumer Protection and Cross-Sectoral Risk Analysis, as in the current year.
The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on close correspondence between the fair value of an institution's covered bonds and the fair value of its assets. These RTS will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the EU.
This statement was delivered during the annual public hearing of the chairpersons of the three European Supervisory Authorities (ESAs) at the Committee on Economic and Monetary Affairs (ECON) of the European Parliament.
Andrea Enria, Chairperson of the EBA, gave a speech today in Frankfurt at the 2013 ESE Conference on the Future of European financial supervision: "The new role of the European Banking Authority in the Banking Union".
The European Banking Authority (EBA) publishes today its fourth report of the Basel III monitoring exercise on the European banking system. This exercise, run in parallel with the one conducted by the Basel Committee on Banking Supervision (BCBS) at global level, allowed to gather aggregate results on capital, Risk Weighted Assets (RWAs), liquidity and leverage ratios for banks in the European Union (EU).
CEBS has developed a web-based system for the reception and publication of implementation questions in the area of reporting frameworks. Any interested party will be able to send questions on the implementations of the CEBS Guidelines on Reporting (COREP and FINREP) in a more direct and transparent way. The questions will be addressed and answered by the experts from supervisory national authorities participating in the networks on COREP and FINREP. The system will also disclose the questions and answers in the public CEBS website. The system already discloses a number of questions and answers that have been addressed since mid-2006. CEBS expects that this system will improve the consistency and common understandings of the national implementations of the CEBS Guidelines on Reporting, simplifying the reporting procedures and streamlining the administrative burden for cross-border groups. Finally, it shall be stressed that the answers only reflect CEBS’ views on problems arising from the implementation of the CEBS Guidelines on Reporting, but they cannot be considered as interpretations of the underlying regulations (Directive 2006/48/EC and Directive 2006/49/EC, and IAS/IFRS endorsed by the European Union).