• Results from the first AML implementation review highlight that competent authorities are working hard to reform their approach to AML/CFT supervision.
• Challenges remain that need to be addressed to ensure AML/CFT supervision is risk based, proportionate and effective.
• The EBA is reviewing competent authorities’ approach to AML/CFT supervision as part of its duty...
The EBA issued today a public consultation on revised money laundering and terrorist financing (ML/TF) risk factors Guidelines as part of a broader communication on AML/CFT issues. This update takes into account changes to the EU Anti Money Laundering and Counter Terrorism Financing (AML/CFT) legal framework and new ML/TF risks, including those identified by the EBA’s implementation...
The European Banking Authority (EBA) launched today the 2020 EU-wide stress test, the fifth exercise since its establishment, and released the macroeconomic scenarios. The adverse scenario follows for the first time a ‘lower for longer’ narrative, a recession coupled with low or negative interest rates for a prolonged period. The EU real GDP would decline by 4.3% cumulatively by 2022,...
The European Banking Authority (EBA) issued a new benchmarking report on diversity practices in credit institutions and investment firms analysing the development since its 2015 diversity benchmarking exercise. Based on data as of September 2018, still many institutions, 41.61% out of 834, have not adopted a diversity policy. The representation of women in management bodies is still...
17/02/2020
EBA acknowledges adoption of amended supervisory reporting standards by the European Commission
14/02/2020
12/02/2020
Deadline: 12/05/2020
Deadline: 05/05/2020
Deadline: 10/04/2020
