EBA launches call for expression of interest for its new Banking Stakeholders Group (BSG)

06 March 2020

Announcement in all EU official languages

The European Banking Authority (EBA) launched today a call for expression of interest for membership to its new Banking Stakeholder Group (BSG), as a consequence of the ESAs Review process that took place in 2019 and entered into force in January 2020.

The mandate of the current members will expire on 30 June 2020. The call for expression of interest is open to candidates representing stakeholders across the European Union. The deadline for application  has been extended to 17 April 2020 at 23:59 CEST.

Application process

The call for expressions of interest for membership to the BSG is open to candidates representing stakeholders across the European Union. The deadline for application has been extended to 17 April 2020 at 23:59 CEST.

The relevant documents for the application can be found at: https://eba.europa.eu/about-us/organisation/banking-stakeholder-group

The application should be accompanied by a CV in Europass format. Candidates are also invited to provide a letter of motivation clearly stating the reasons for the application as well as main expectations as to the candidate's future contribution to the work of the BSG.

Selection process

Details on the selection process can be found in the selection procedure document.

The final decision on the composition of the BSG will be taken by the EBA's Board of Supervisors by mid-June 2020. Applicants will be informed accordingly by the end of June 2020 and the composition of the new BSG will be made available on the EBA's website.

The first meeting of the newly composed BSG will be held on 7 July 2020.

Background information

The BSG is set up according to Article 37 of the  EBA Founding Regulation, to help facilitate dialogue and consultation with stakeholders on the work of the EBA.

In accordance with Article 37 of Regulation (EU) No 1093/2010 [1] establishing the European Banking Authority (EBA), the Authority is required to establish the BSG in compliance with requirements stipulated by Article 37 (2) of the Regulation.

Article 37 was amended with effect on 1 January 2020. The changes, which relate to the composition, length of mandate, and scope of activities of the Stakeholder Groups, require the EBA to reestablish the BSG in a different composition.

In line with the amendments the BSG will continue to be composed of 30 members. Those members will now comprise:

  1. 13 members representing, in balanced proportions, financial institutions operating in the Union of whom three shall represent cooperative and savings banks;
  2. 13 members representing employees’ representatives of financial institutions operating in the Union, consumers, users of banking services and representatives of SME’s; and
  3. Four members who are independent top-ranking academics.

The EBA's BSG meets at least four times a year at the EBA’s office and on its own initiative when necessary. The EBA covers accommodation and travelling costs for the following categories of stakeholders: consumers, academics, employees and SMEs' representatives, and users of banking services. Each member of the EBA's BSG serves for a period of four years and individual terms can be renewed once. More information on the BSGs' activities can be found here.

 

Press contacts

Franca Rosa Congiu

press@eba.europa.eu | +33 1 86 52 7052 | Follow @EBA_News