EBA consults on creditworthiness assessment under the MCD

The European Banking Authority (EBA) published today a consultation paper on draft Guidelines on creditworthiness assessments under the Mortgage Credit Directive (MCD). These draft Guidelines provide details on how creditors across the EU should assess and verify consumers’ creditworthiness before concluding credit agreements for immovable residential properties. The consultation will run until 12 February 2015.

EBA updates its risk dashboard for EU banking sector

The European Banking Authority (EBA) published today the periodical update to its risk dashboard summarising the main risks and vulnerabilities in the banking sector in the European Union (EU) on the basis of the evolution of Key Risk Indicators (KRI) from 53 banks across the EU in the first and second quarter of 2014. This edition of the risk dashboard is the first to have own funds’ positions and requirements data that is based on the supervisory reporting standards from COREP, the Common Reporting framework for financial institutions across the EU, and includes an annex on aggregate risk parameters that brings enhanced transparency on EU banks' and allows comparison across countries and geographical areas.

EBA issues final technical advice on criteria and factors for intervention on structured deposits under MiFIR

The European Banking Authority (EBA) published today its final technical advice to the Commission laying out criteria and factors for exercising intervention powers on structured deposits. This final technical advice, which has been developed in accordance with the Markets in Financial Instruments Regulation (MiFIR) requiring the EBA to monitor the market for structured deposits, takes into consideration, where appropriate, comments received during a public consultation earlier this year.

EBA invites input on passport notification requirements for mortgage credit intermediaries

The European Banking Authority (EBA) published today a discussion paper on the draft requirements for passport notifications for mortgage credit intermediaries across the EU. The requirements will ensure that information about credit intermediaries that carry out business in one or more Member States is exchanged consistently between the competent authorities of the home Member State and of the host Member State. The paper issued today contains the EBA’s preliminary considerations on the issue. It aims at promoting discussion and gathering preliminary stakeholders’ views at an early stage of the process, so as to inform the upcoming work on the topic. The consultation runs until 12 March 2015.

The EBA is relocating to new premises

On 15 December 2014, the EBA will move to its new offices in Canary Wharf, London. Here is all the relevant information on the new EBA premises and changes in the address that you may want to take into consideration for your meetings and correspondence.

The Joint Board of Appeal of the ESAs decides on the inadmissibility of an appeal brought by IPE sprl, a company based in Brussels, against a decision by ESMA

The Joint Board of Appeal of the European Supervisory Authorities published today its decision in an appeal brought by Investor Protection Europe (IPE) sprl, a company based in Brussels, against a decision of the European Securities and Markets Authority (ESMA) of 10 June 2014 not to initiate an investigation under Article 17 of the ESMA Regulation regarding an alleged breach of Union law by the Commission de Surveillance du Secteur Financier of Luxembourg. The Board of Appeal unanimously decided that the appeal was inadmissible, and in the light of that decision, did not consider the substance of IPE’s complaint

EBA publishes an Opinion on the perimeter of credit institutions

The European Banking Authority (EBA) published today an Opinion addressed to the European Commission, relating to the perimeter of credit institutions and namely to the different approaches across EU Member States on the interpretation of the definition of ‘credit institution’ in the Capital Requirements Regulation (CRR). The Opinion is based on a report, also published today, in which the EBA summarises the findings of a comprehensive study, which focuses on the interpretation of the term ‘credit institution’ and the prudential treatment of those entities established in the Union which carry on credit intermediation but are not ‘credit institutions’.

EBA to hold a public hearing on upcoming CVA report

The European Banking Authority (EBA) will hold a public hearing in London on Friday 5 December 2014 from 09.00 am to 11.00 am GMT on the draft Credit Valuation Adjustment (CVA) report to be submitted to the EU Commission.

Revised RBS 2014-EU wide stress test results

The Royal Bank of Scotland Group plc (RBS) has resubmitted its 2014 EU-wide stress test results following a recalculation of its Common Equity Tier 1 (CET1) capital ratios. The amended templates are now available on the EBA website.

ESAs launch call for expressions of interest to support work on PRIIPs

The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA) launched today a call for expressions of interest with the aim of identifying members of a Consultative Expert Group (CEG), who will advise and provide technical input to the Joint Committee’s Sub-group on Key Information Documents for Packaged Retail and Insurance-based Investment Products (PRIIPs).

ESAs share initial views on consumer-friendly Key Information Documents on investment products across the EU

The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA) published today a Discussion Paper on Key Information Documents (KIDs) designed to help retail investors in the EU better understand and compare packaged retail and insurance-based investment products (PRIIPs) across the EU. The ESAs are looking for feedback from all concerned stakeholders by 17 February 2015.

EBA consults on assessment methodology for IRB approach

The European Banking Authority (EBA) launched today a consultation on its draft Regulatory Technical Standards (RTS) on assessment methodology for internal ratings-based (IRB) approach. These draft RTS are a key component of the EBA’s work to ensure consistency in models outputs and comparability of risk-weighted exposures and will contribute to harmonise the supervisory assessment methodology across all EU Member States.. The consultation runs until 12 March 2015.

EBA consults on guidelines on the use of the bail-in power

The European Banking Authority (EBA) lunched today two public consultations on (i) Guidelines on the treatment of shareholders when applying the bail-in tool or the write down or conversion of capital instruments and (ii) Guidelines on when and how different conversion rates from debt to equity should be set for different types of liability. These two sets of Guidelines are part of a series of EBA regulatory mandates under the Bank Recovery and Resolution Directive (BRRD), which aim to ensure that the bail-in power is an effective way of absorbing losses and recapitalising banks in resolution, and that resolution authorities and other stakeholders have a clear understanding of the terms on which it should be applied. Both consultations run until 6 February 2015.

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