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The European Banking Authority (EBA) published today an Opinion on the treatment of client funds under DGSD, where it assessed the current approaches to the protection of funds deposited with credit institutions on behalf of clients by entities that are themselves excluded from DGS protection. Based on its assessment, the EBA included some recommendations to the EU Commission, which aim at informing its ongoing review of the DGDS.

​​​​​​​The European Banking Authority (EBA) publishes today its final draft Regulatory Technical Standards (RTS) on gross jump-to-default (JTD) amounts and on residual risk add-on (RRAO). These final draft RTS provide technical specifications for the implementation of these two elements of the alternative standardised approach for market risk. The draft RTS are part of the phase 3 deliverables of the EBA roadmap for the new market and counterparty credit risk approaches.

The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) have delivered to the European Commission (EC) their Final Report with draft Regulatory Technical Standards (RTS) regarding disclosures under the Sustainable Finance Disclosure Regulation (SFDR) as amended by the Regulation on the establishment of a framework to facilitate sustainable investment (Taxonomy Regulation). The disclosures relate to financial products that make sustainable investments contributing to environmental objectives.

​​​​​​​The European Banking Authority (EBA) published today its advice to the EU Commission on funding in resolution and insolvency as part of the review of the crisis management and deposit insurance (CMDI) framework. The EBA response provides a quantitative analysis on banks’ capacity to access available sources of funding under the current framework and under various creditor hierarchies, and with regards to the minimum requirement for own funds and eligible liabilities (MREL).

The European Supervisory Authorities (ESAs) have opened today a call for evidence regarding the PRIIPs (Packaged retail and insurance-based investment products) Regulation.

The European Banking Authority (EBA) published today clarifications to a seventh set of issues that had been raised by participants of its working group on Application Programming Interfaces (APIs) under the Payment Services Directive (PSD2). The clarifications respond to issues raised on downtime of dedicated interfaces, payment status/rejection reasons, ASPSPs restricting access in case of embedded redirection, scope of the bank offered consent, inability to initiate bulk payments via APIs and whether the Electronic Banking Internet Communication Standard (EBICS) is within the scope of PSD2.

The European Banking Authority (EBA) published today new regulatory technical standards (RTS) on disclosure of investment policy by investment firms. The final draft RTS put forward comparable disclosures that should help stakeholders understand investment firms’ influence over the companies in which they hold voting rights and the impact of investment firms’ policies on aspects such as the governance or management of those companies.

The European Banking Authority (EBA) published today an updated version of its 5.1 filing rules document for supervisory reporting. In particular, the update modifies rule 1.6 to simplify the use of the filing indicator by removing the option “empty filing” indicator. This updated rule must be followed for all the submissions and resubmissions as of 1 January 2023. In addition, the update modifies rule 3.6 to improve Consolidated/Individual information circulation and to allow for multiple consolidation levels for an entity.  CON/IND is being moved from module name to reporting subjects. This change will apply as of 31 December 2022.  

​​​​​​​The three European Supervisory Authorities (ESAs) – the EBA, EIOPA and ESMA – published today their individual reports on the supervisory independence of competent authorities (CAs) in their sectors. Based on the CAs’ self-assessment, the three reports highlight that the independence of NCAs is multi-faceted and dependent on a number of legal, institutional, operational and cultural factors.

The European Banking Authority (EBA) today published a thematic note on the transition risks of benchmark rates as LIBOR (the London Interbank Offered Rate) and EONIA (the Euro Overnight Index Average) - two major benchmark interest rates - are close to being phased out.

The European Banking Authority (EBA) repealed today its Guidelines on the security of internet payments. These Guidelines were issued before the revised Payments Services Directive (PSD2) came into force in 2016 and have since then been superseded by the PSD2 and the related EBA instruments developed in support of PSD2.

The European Banking Authority (EBA) published today an updated list of indicators for risk assessment and risk analysis tools, together with the accompanying methodological guide. Without adding any reporting burden neither on reporting institutions nor on competent authorities, this guidance describes how risk indicators are computed in EBA publications and allows competent authorities and users of EBA data to interpret key bank figures in a consistent fashion when conducting their risk assessments and analyses.

The European Banking Authority (EBA) published today its Risk Dashboard for the second quarter (Q2) of 2021. The data indicate that banks are benefitting from the economic recovery with RoE remaining broadly similar to the previous quarter. Capital ratios remained stable and there was a further decline in NPL ratios. Operational risks remain elevated mainly due to cyber and ICT related risks.

​​​​​​​The European Banking Authority (EBA) published today its annual work programme for 2022, describing the activities and tasks of the Authority as well as its key strategic areas of work for the coming year.

The European Banking Authority (EBA) published today its regular monitoring Report of the full implementation, in 2028, of the final Basel III reforms in the EU. According to this assessment, which is carried out using the same methodology as the one applied by the Basel Committee on Banking Supervision (BCBS), the full Basel III implementation would result in an average increase of 13.7% on the current Tier 1 minimum required capital of EU banks. To comply with the new framework, EU banks would need EUR 3.1 billion of additional Tier 1 capital. The overall impact reflects the economic impact of the Covid-19 pandemic on participating banks that materialised up to December 2020, the reference date of this Report.

The European Banking Authority (EBA) published today an Opinion on the European Parliament’s observations related to the EBA 2019 discharge process. In particular, the Authority welcomes the European Parliament’s approval of the closure of the EBA accounts for the financial year 2019 and its decision to grant discharge of the implementation of the budget for the said financial year to the EBA Executive Director.

​​​​​​​The European Banking Authority (EBA) launched today its regular EU-wide transparency exercise, whose results are expected to be published at the beginning of December. As in the past, the exercise is exclusively based on supervisory reporting data, which will keep the burden for the banks to a minimum. Transparency exercises are conducted on an annual basis and are part of the EBA's efforts to monitor risks and vulnerabilities and to reinforce market discipline.

The European Banking Authority (EBA) published today a Report on the platformisation of the EU banking and payments sector. The EBA identifies a rapid growth in the use of digital platforms to ‘bridge’ customers and financial institutions, a trend expected to accelerate in line with the wider trend toward the digitisation of the EU financial sector. Platformisation presents a range of potential opportunities for both EU customers and financial institutions. However, new forms of financial, operational, and reputational interdependencies are emerging and the EBA identifies steps to strengthen supervisory capacity to monitor market developments.

​​​​​​​The European Banking Authority (EBA) published today its final Guidelines specifying the criteria to assess the exceptional cases when institutions exceed the large exposure limits and the time and measures to return to compliance. The Guidelines aim to support competent authorities in their assessment of the breaches of the large exposure limits set in the Capital Requirements Regulation (CRR), and ensure the Regulation is applied in a prudent and harmonised manner - while keeping the approach simple -, which ultimately, leads to a level playing field across the Single Market.

The European Banking Authority (EBA) published today its revised Guidelines on the stress tests conducted by national DGSs under the Deposit Guarantee Schemes Directive (DGSD). The revised Guidelines extend the scope of the DGS stress testing, by requiring more tests in comparison with the past Guidelines and by covering all the legal missions entrusted to the DGSs. The revisions aim to consolidate depositors’ confidence about the ability of their national DGS(s) to promptly repay their funds in case of banking failure. The revised framework also strives to achieve greater harmonisation and comparability of stress test results, which will enable the EBA to carry out a robust peer review of national DGS stress tests in 2025.