EBA sees significant improvement in the work of supervisory colleges in 2018 but efforts are still needed to enhance the risk assessment reports and the joint decisions
The European Banking Authority (EBA) published today its 2018 Report on supervisory colleges, which summarises its findings on the monitoring of supervisory colleges for the main cross-border European banking groups. Considering the progress observed in the functioning of colleges over the years, the Report mainly focuses on the quality of the colleges’ deliverables and highlights examples of good practice. Overall, the EBA has identified significant improvement in the colleges’ deliverables although further efforts are needed, in particular to ensure that the group risk/liquidity risk assessment reports form a real joint assessment of the group-wide risks.