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ESAs provide guidance to prevent terrorist financing and money laundering in electronic fund transfers
The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published today guidelines to prevent the abuse of funds transfers for terrorist financing and money laundering purposes. These guidelines are part of the ESAs' wider work on fostering a consistent approach to Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) and promote a common understanding of payment service providers' obligations in this area
EBA consults on amendments to technical standards on supervisory disclosure
The European Banking Authority (EBA) launched today a consultation to amend the 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 revised draft ITS will incorporate the changes to the EU legal framework and the establishment of the Single Supervisory Mechanism (SSM). The consultation runs until 22 December 2017.
Discussion on the treatment of structural FX under Article 352(2) of the CRR
ESAs highlight main risks for the EU financial system
The Joint Committee of the European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published today its Autumn 2017 Report on risks and vulnerabilities in the European Union's financial system. The Report highlights the risks to the stability of the European financial sector in an uncertain political and economic environment, not least in light of the UK’s withdrawal from the EU. It also highlights persistent valuation risk with an uncertain outlook for yields and argues that financial institutions continue to face profitability challenges in spite of recent improvements. Rapid developments in the area of FinTech are raising new opportunities, but also challenges for financial institutions and final users. The Report also presents regulatory and supervisory initiatives to monitor and mitigate the risks identified.
Guidelines on Accounting for ECL (EBA-GL-2017-06)_EN.pdf
Implementing Technical Standards on simplified obligations
EBA welcomes the Commission proposal to strengthen the framework for its operation
The European Banking Authority (EBA) welcomed today the European Commission’s proposal to adjust and upgrade its current framework to ensure the Authority is adequately equipped in terms of powers, governance and funding. In particular, the EBA welcomes its strengthened competencies in the areas of supervisory convergence and mediation, supporting the EBA’s enhanced focus on more integrated and consistent supervisory processes and outcomes in the Single Market.
Guidelines on credit risk management practices and accounting for expected credit losses
These draft Guidelines on credit institutions’ credit risk management practices and accounting for expected credit losses follow the publication of Guidance by the Basel Committee in December 2015 on the same matter. These Guidelines aim at ensuring sound credit risk management practices associated with the implementation and on-going application of the accounting for expected credit losses.
Harmonisation and standardisation - Christian Moor Massimiliano Rimarchi 04 September 2017.pdf
Harmonisation and standardisation of synthetic securitisations - Christian Moor Massimiliano Rimarchi 04 September 2017
Discussion Paper on the Significant Risk Transfer in Securitisation (EBA-DP-2017-03).pdf
Discussion Paper on the Significant Risk Transfer in Securitisation (EBA-DP-2017-03)
EBA DC 199 Rules of Procedure on Professional Secrecy for Non-Staff
EBA DC 199 Rules of Procedure on Professional Secrecy for Non-Staff
Papers
EBA launches consultation on significant risk transfer in securitisation
The European Banking Authority (EBA) launched today a public consultation on its discussion paper on significant risk transfer in securitisation. This work builds on the EBA’s monitoring activity of supervisory practices in the area of significant risk transfer, which the Authority started in 2014 with the publication of the EBA Guidelines on this topic. The discussion paper aims at seeking stakeholders’ views on how to further harmonise the regulation and supervision of the risk transfer through securitisation. The EBA’s proposals are based on the newly agreed European securitisation legislation. The consultation runs until 19 December 2017.
EBA MB 2017 082 (Final Minutes MB 07 June 2017 - for PUBLICATION).pdf
Management Board Meeting Minutes 7 June 2017
Consultation on Revised Draft ITS on Mapping Solvency II
Consultation on the first amendment to the revised draft ITS on mapping under article 136 CRR
Consultation on the Technical Standards on the EBA Register under PSD2
Letter to Arnold Schilder - IAASB re Revised ISA 540.pdf
Letter to Arnold Schilder - IAASB re Revised ISA 540