Following an open selection process, the Board of Supervisors of the European Banking Authority (EBA) appointed 23 new members to its Banking Stakeholder Group (BSG), as the mandate for the majority of them expired on 14 April 2016.
The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on own funds requirements for investment firms based on fixed overheads. These RTS harmonise the calculation of capital requirements for those investment firms that have limited authorisation to provide investment services, as well as the conditions under which competent authorities can make adjustments to such requirements. These final draft RTS will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in Europe.
The European Banking Authority (EBA) published today its report in response to the European Commission’s call for advice on the suitability of certain aspects of the prudential regime for investment firms. This report, done in consultation with the European Securities Market Authority (ESMA), presents the EBA’s findings and lists a series of recommendations aiming to provide a more proportionate and less complex prudential regime for investment firms, based on appropriate risk sensitivity parameters.
The European Banking Authority (EBA) published today its fifth annual Consumer Trends Report, which provides an overview of the trends observed in 2016, the issues that will or could have an impact on consumers and other market participants and the areas where the EBA may take any action, if needed. The report covers all the products that fall into the EBA’s consumer protection mandate, such as mortgages, personal loans, deposits, payment accounts, payment services and electronic money.
The European Banking Authority (EBA) publishes today its 2015 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 its final draft Regulatory Technical Standards (RTS) specifying how institutions should take into account and treat several factors when assigning risk weights to specialised lending exposures. The purpose of these RTS is to harmonise the assignment of risk weights to specialised lending exposures for institutions that apply the so called ‘supervisory slotting criteria’ approach. These final draft RTS will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in Europe.
The EBA has received a notification from the Bank of Greece in relation to the termination of the resolution of Cooperative Bank of Peloponnese Coop Ltd.
The European Banking Authority (EBA) published today its Decision on data for supervisory benchmarking. This Decision comes after the publication of the amended technical standards on benchmarking of internal approaches and requires Competent Authorities to submit data for the 2016 benchmarking exercise, focusing on High Default Portfolios and with reference to end-2015 data.
The EBA has received another notification from the Magyar Nemzeti Bank (the Central Bank of Hungary) related to the application of the sale of business tool in the ongoing resolution process of MKB Bank Zrt.
The Joint Committee of the European Supervisory Authorities (EBA, EIOPA, ESMA - ESAs) is pleased to announce the launch of its dedicated website. The new website presents information and news about the cross-sectoral work of the three ESAs.
On 31 May 2016, the European Banking Authority (EBA) and the European Investment Bank Group (European Investment Bank and European Investment Fund) hosted a seminar to discuss opportunities and challenges on the role and potential use of credit guarantees and synthetic securitisation in the banking sector.
The European Banking Authority (EBA) issued today an Opinion to the European Commission expressing agreement with its proposed amendments to the EBA Implementing Technical Standards (ITS) on benchmarking of internal approaches. These amendments, which were agreed with the EBA building on the experience of the 2014-15 benchmarking exercise, aim at ensuring a better quality of the submitted data and, ultimately, at strengthening the benchmarking analysis performed by the EBA and Competent Authorities. The EBA plans to annually update the ITS and to maintain them on a regular basis to ensure the success and quality of future benchmarking exercises.
The European Banking Authority (EBA) welcomes the enhancement of the FX Global Code (the Code) and the publication of its May 2016 update. The objective of the Code is to promote the integrity and effective functioning of the wholesale FX market. The Code’s guidelines for responsible participation in the FX market are in line with the EBA’s work fostering financial institutions’ effective governance and enhanced consumer protection in all areas of financial products and services.
The European Banking Authority (EBA) published today its final Guidelines on stress tests for deposit guarantee schemes (DGSs). The Guidelines provide a systematic methodology for planning, running and reporting on stress tests conducted by DGSs to assess their resilience to various types of scenarios in times of banking stress. In line with the Deposit Guarantee Schemes Directive (DGSD), these Guidelines will promote the quality and the consistency of these stress tests. The resulting data will also facilitate future peer reviews by the EBA, contributing to a safe and sound EU framework for the benefit of depositors and financial stability.
The European Banking Authority (EBA) published today its final draft Implementing Technical Standards (ITS) on supervisory reporting. They set out reporting requirements related to own funds, financial information, losses stemming from lending collateralised by immovable property, large exposures, leverage ratio and liquidity ratios. These draft ITS will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in the EU and facilitating a proper functioning of cross-border supervision.
The European Banking Authority (EBA) published today a Decision confirming the use of unsolicited credit assessments assigned by certain External Credit Assessment Institutions (ECAIs) for calculating institutions’ capital requirements. The Decision is part of the Single Rulebook in banking and will ensure regulatory harmonisation across the European Union (EU) regarding the use of unsolicited credit ratings for determining institutions’ own funds requirements.
The Joint Committee of the European Supervisory Authorities (EBA, EIOPA, ESMA - ESAs) published today its Opinion on the European Commission’s (EC) intention to amend the draft Implementing Technical Standards (ITS) on the mapping of External Credit Assessment Institutions’ (ECAIs) credit assessments under the Capital Requirements Regulation (CRR) and Solvency II Directive. The Opinion was produced in response to the EC’s proposed amendments to these draft ITS.
The European Banking Authority (EBA) launched today a consultation on its draft Guidelines on the Liquidity Coverage Ratio (LCR) disclosure. These Guidelines harmonise and specify both the qualitative and quantitative information that institutions are required to disclose on liquidity and namely on the LCR. The consultation will run until 11 August 2016.
The European Banking Authority (EBA) published today a guidance document to assist competent authorities in compiling IMF Financial Soundness Indicators (FSI) for deposit takers using statistical input derived from the EBA Implementing Technical Standards (ITS) on supervisory reporting. Authorities are encouraged to use this guidance and the comprehensive mapping between the FSI forms and the EBA ITS templates to foster harmonised FSI reporting by the EEA authorities. In addition, it provides transparency to FSI users on how they have been computed for EEA countries.
The European Banking Authority (EBA) published today a Discussion Paper on innovative uses of consumer data by financial institutions, in line with its mandate to monitor financial innovation. The paper identifies risks and benefits for consumers and financial institutions, as well as for financial integrity in general. Feedback received on this Discussion Paper will inform the EBA’s decision on which, if any, further actions may be required to mitigate the risks arising from this innovation, while also allowing market participants to harness its benefits.