The European Banking Authority (EBA) published today its 2017 Annual Report, which provides a detailed account of all the work the Authority achieved in the past year and anticipates the key areas of focus in the coming years.
The European Banking Authority (EBA) published today an Opinion on the implementation of the regulatory technical standards (RTS) on strong customer authentication (SCA) and common and secure communication (CSC), which will apply from 14 September 2019. In the Opinion, the EBA clarifies a number of issues identified by market participants and Competent Authorities (CAs) to assist in this implementation.
The European Banking Authority (EBA) issued today a revised list of validation rules in its Implementing Technical Standards (ITS) on supervisory reporting, highlighting those which have been deactivated either for incorrectness or for triggering IT problems. Competent Authorities throughout the EU are informed that data submitted in accordance with these ITS should not be formally validated against the set of deactivated rules.
The European Banking Authority (EBA) published today its final draft amended Implementing Technical Standards (ITS) on supervisory disclosure, which specify the format, structure, contents list and annual publication date of the supervisory information to be disclosed by competent authorities. The amended draft ITS incorporate the changes to the EU legal framework and the establishment of the Single Supervisory Mechanism (SSM). The amendments introduced in the final draft ITS will enhance transparency, ensure consistency between the templates and instructions and will contribute to reducing the level of different interpretation between reporting.
The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) have today published a joint statement encouraging institutions, market and resolution authorities to properly consider retail holders of debt financial instruments subject to the Bank Recovery and Resolution Directive (BRRD) when carrying out their respective tasks. The distribution of debt instruments issued by financial institutions to retail clients may raise significant consumer protection issues and affect the practical application of the resolution framework under the BRRD.
The European Banking Authority (EBA) published today an updated list of credit institutions exempted from or subject to a higher cap on inflows in the calculation of the Liquidity Coverage Ratio (LCR) in accordance with the provisions laid down in the LCR Delegated Act. Three new institutions have been added to the previous list published in May 2017.
The European Banking Authority (EBA) launched today two consultations on draft regulatory technical standards (RTS) specifying an economic downturn and on a set of Guidelines related to the estimation of loss given default (LGD) appropriate for conditions of an economic downturn. The draft RTS specify the nature, severity and duration of an economic downturn, while the Guidelines focus on the appropriate estimation of the LGD in a situation of economic downturn. This package is part of the EBA’s broader work on the review of the IRB approach aiming at reducing the unjustified variability in the outcomes of internal models, while preserving the risk sensitivity of capital requirements. The consultations run until 22 June 2018.
The European Banking Authority (EBA) published today 2017 data relating to two key concepts in the Deposit Guarantee Schemes Directive: available financial means, and covered deposits. This publication is done on a yearly basis, with the objective of enhancing the transparency and public accountability of DGSs across the EU to the benefit of depositors, markets, policymakers, DGSs and Members States.
The European Banking Authority (EBA) updated today the 2017 list of Other Systemically Important Institutions (O-SIIs) in the EU. O-SIIs – those institutions which, along with Global Systemically Important Institutions (G-SIIs) are deemed systemically important – have been identified by the relevant authorities across the Union according to harmonised criteria provided by the EBA Guidelines. This list also reflects the additional capital buffers that the relevant authorities have set for the identified O-SIIs.
The Joint Committee of the European Supervisory Authorities (ESAs) – EBA, EIOPA and ESMA – published today its 2017 Annual Report providing a detailed account of all the joint work achieved in the past year.
On Tuesday 26 June 2018, from 10.00 to 12.00 UK time, the European Banking Authority (EBA) will be holding a public hearing to outline its draft answer to the Commission’s Call for Advice (CfA) on the European Secured Notes. The hearing comes ahead of the publication of the EBA’s final report, which is expected by mid-July 2018.
The Joint Board of Appeal of the European Supervisory Authorities (ESAs – European Banking Authority, European Insurance and Occupational Pensions Authority, and European Securities and Markets Authority) published today its decision (link) in an appeal brought by “A” against the European Securities and Markets Authority (ESMA).
The EBA welcomed the European Commission's call for advice on the implementation in the EU of the Basel III framework, which was finalised in December 2017. In its call, the Commission is asking the EBA to prepare a comprehensive analysis to assess the potential impact of the different elements of the Basel reform on the EU banking sector and the wider economy.
The European Supervisory Authorities Authority (ESAs) launched today two joint consultation to amend Regulatory Technical Standards (RTS) on the clearing obligation and risk mitigation techniques for OTC derivatives not cleared. These standards, which implement the European Market Infrastructure Regulation (EMIR), aim to amend the current regulation on the clearing obligation and risk mitigation techniques on OTC derivatives not cleared by a central counterparties (CCPs) in order to provide a specific treatment for simple, transparent and standardised (STS) securitisation and ensure a level playing field with covered bonds. The consultations run until 15 June 2018.
The European Banking Authority (EBA) published today a Report on its 2016 CVA risk monitoring exercise, which assesses the impact on own funds requirements of the reintegration of the transactions currently exempted from the scope of the CVA risk charge. The results, in line with those of the previous monitoring exercise, continue to show the materiality of CVA risks that are currently not capitalised due to the CRR exemptions.
The European Supervisory Authorities (EBA, EIOPA, and ESMA - the ESAs) have concluded a multilateral Memorandum of Understanding (MoU) on cooperation, information exchange and consultation with the EFTA Surveillance Authority.
The European Banking Authority (EBA) launched today a consultation on its Guidelines on disclosure by credit institutions of information on non-performing and forborne exposures. The Guidelines specify the information related to non-performing (NPE) and forborne exposures and foreclosed assets that banks should disclose and provide uniform disclosure formats. By addressing potential asymmetries of information and providing common disclosure on the quality of banks’ assets, the Guidelines seek to foster transparency and market discipline. The consultation runs until 27 July 2018.
The European Banking Authority (EBA) launched today a call for research papers in view of its seventh policy research workshop taking place in London on 28-29 November 2018 on the topic ‘Reaping the benefits of an integrated EU banking market '.
The European Banking Authority (EBA) launched today a public consultation on its draft Guidelines, which will provide a harmonised interpretation of the criteria for the securitisation to be eligible as simple, transparent and standardised (STS). The EBA Guidelines will play a crucial role in the new EU securitisation framework, by providing a single point of consistent interpretation of the STS criteria to originators, sponsors, investors and competent authorities throughout the Union. The consultation runs until 20 July 2018.
The European Supervisory Authorities (ESAs) have appointed three new members to the Board of Appeal of the ESAs.