Press releases

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’.

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.

The Committee of European Banking Supervisors (CEBS) has published today its guidelines on the management of operational risk in market-related activities.

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.

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).

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.

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.

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.

The European Banking Authority (EBA) published today a consultation paper on draft Guidelines on product oversight and governance arrangements for retail banking products. The guidelines, which apply to both manufacturers and distributors of retail banking products, aim at ensuring that the interests, objectives and characteristics of consumers are taken into account when such products are designed and brought to market. The consultation will run until 10 February 2015.

The European Banking Authority (EBA) launched today a consultation on its draft Regulatory Technical Standards (RTS) on valuation in recovery and resolution. These draft RTS aim to provide a common structure to decisions made by resolution authorities and independent valuers and to promote a consistent application of methodologies for such valuations across the EU. The consultation runs until 6 February 2015.

ESAs published today a Joint Letter to the Economic and Financial Affairs Council (ECOFIN) on the ESAs’ budget 2015.

The European Banking Authority (EBA) published today a consultation paper on Guidelines on national provisional lists of the most representative services linked to a payment account and subject to a fee. The EU Payment Accounts Directive requires the EBA to develop standardised terminology and information documents related to payment accounts for consumers across the EU. As a first step, the EBA has developed Guidelines to help Competent Authorities identify the most representative services linked to a payment account and subject to a fee in their jurisdictions. The consultation will run until 9 January 2015. The technical standards that will subsequently be developed will allow EU consumers to make better informed decisions when choosing their payment accounts.

The European Banking Authority (EBA) launched today a consultation on its draft Regulatory Technical Standards (RTS) under Article 55(3) of the Bank Recovery and Resolution Directive (BRRD). These RTS support the effective application of the write-down and conversion powers in relation to liabilities governed by the law of a third country. The consultation is part of the EBA’s work to promote the effective application of recovery and resolution powers to banks and banking groups with a cross-border presence and to foster convergence of practices between relevant authorities and institutions across the EU. The consultation runs until 5 February 2015.

The European Banking Authority (EBA) launches today a public consultation on its draft Regulatory Technical Standards (RTS) on materiality threshold of past due credit obligations. The EBA proposes a series of new conditions against which National Supervisory Authorities (NSAs) should set a materiality threshold for past due credit obligations. The consultation runs until 31 January 2015.

The Joint Committee of the three European Supervisory Authorities (EBA, ESMA and EIOPA - ESAs) published today an addendum to the joint consultation on the mapping of the credit assessments to risk weights of External Credit Assessment Institutions (ECAIs). The addendum provides further details on the application of the rules proposed in the draft Implementing Technical Standards (ITS) in relation to particular ECAIs and is to be considered as an extension of the consultation process. The consultation period will be reopened until 30 November 2014 in order to collect additional comments.