EBA reports on the LCR and NSFR implementation in the EU in the context of the new economic environment and TLTRO repayment

The European Banking Authority (EBA) published today its third Report on the monitoring of liquidity coverage ratio (LCR) and net stable funding ratio (NSFR) implementation in the EU. This Report assesses the potential impact on LCR and NSFR levels of the upcoming central bank funding repayment (mainly repayments of the targeted longer-term refinancing operations - TLTRO) as well as of a potential scenario of higher liquidity risk, particularly affecting government bonds, derivatives and repo markets, in the context of a higher interest rate environment, inflation and recession risks.

EBA updates list of risk indicators and analysis tools

The European Banking Authority (EBA) published today an updated list of indicators for risk assessment and risk analysis tools, together with the accompanying methodological guide. Without adding any reporting burden neither on reporting institutions nor on competent authorities, this guidance describes how risk indicators are computed in EBA publications. It will allow competent authorities and users of EBA data to interpret key bank figures in a consistent fashion when conducting their risk assessments and analyses.

EBA issues Opinion in response to the European Commission’s proposed amendments to the draft technical standards on crowdfunding service providers

The European Banking Authority (EBA) published today an Opinion on the amendments proposed by the European Commission to the EBA final draft Regulatory Technical Standards (RTS) on requirements on credit scoring of crowdfunding projects, pricing of crowdfunding offers, and risk management policies and procedures. In the Opinion, while accepting the change proposed by the Commission on the treatment of personal data, the EBA notes the importance of ensuring that crowdfunding providers can access historical data to improve the assessment of creditworthiness and the performance of their scoring models.

EBA and EIOPA publish Data Point Modelling Standard 2.0 to foster collaboration and harmonisation in the field of supervisory reporting

The DPM Standard 2.0 issued today enhances the methodology that is at the core of the EBA and EIOPA’s reporting process, creating a fully consistent approach for modelling reporting requirements. The new DPM supports the whole reporting lifecycle, from data definition to data exploration, and aims to reap the benefits of stronger collaboration and higher harmonisation while also improving the digital processing of regulatory data required by the authorities.

EBA published its final resolvability testing Guidelines

​The European Banking Authority (EBA) today published its Guidelines addressed to institutions and resolution authorities on resolvability testing. The Guidelines aim to set-out a framework to ensure that resolvability capabilities developed to comply with the resolvability and transferability Guidelines are fit for purpose and effectively maintained.

EBA issues revised list of ITS validation rules

​​​​​​​The European Banking Authority (EBA) today issued a revised list of validation rules in its Implementing Technical Standards (ITS) on supervisory reporting, highlighting those, which have been deactivated either for incorrectness or for triggering IT problems. Competent Authorities throughout the EU are informed that data submitted in accordance with these ITS should not be formally validated against the set of deactivated rules.

EBA updates list of other systemically important institutions

The European Banking Authority (EBA) updated today the list of other systemically important institutions (O-SIIs) in the EU, which, together with global systemically important institutions (G-SIIs), are identified as systemically important by the relevant authorities according to harmonised criteria laid down in the EBA Guidelines. This list is based on year-end-2022 data and includes the overall score calculated according to the EBA Guidelines and the capital buffer rate that the relevant authorities have set for the identified O-SIIs. The list is available also in a user-friendly visualisation tool.

ESA’s Board of Appeal dismissed request for suspension in the appeal by Euroins Insurance Group AD against EIOPA

The Board of Appeal of the European Supervisory Authorities (ESAs), in the appeal brought by Euroins Insurance Group AD against the European Insurance and Occupational Pensions Authority (EIOPA), unanimously decided, on 8 June 2023, to dismiss the applications for suspension. The Board of Appeal concluded that the applications for interim measures of suspension must be dismissed as Euroins Insurance Group had failed to establish that the conditions, as per Article 10(1) and 10(2) of the Rules of Procedure of the Board of Appeal had been met. These conditions relate to urgency and impending serious and irreparable harm caused by the EIOPA Report published on 28 March 2023 and titled “EIOPA’s assessment of the valuation of technical provisions gross and net of reinsurance for the motor third party liability portfolio of Euroins Romania Asigurare-Reasigurare”.

EBA issues Opinion on measures to address macroprudential risk following notification by the Estonian Central Bank, Eesti Pank

​​​​​​​The European Banking Authority (EBA) today published an Opinion following notification by the Estonian macroprudential authority, Eesti Pank, of its intention to extend for a second two-year period a measure originally introduced in 2019. The measure introduces a minimum risk weight for retail exposures secured by immovable property to obligors residing in Estonia and is aimed at safeguarding the resilience of banks against the systemic risks stemming from lending to residential real estate. Based on the evidence submitted, the EBA does not object to the two-year extension of the proposed measure.

EBA updates list of correlated currencies

The European Banking Authority (EBA) published today the 2023 update of the list of closely correlated currencies, originally published in December 2013. The list is part of the implementing technical standards (ITS) that were drafted for calculating the capital requirements for foreign-exchange risk according to the standardised rules. The list was updated according to the procedure and methodology laid down in the ITS and submitted to the European Commission for endorsement.

EBA publishes final draft technical standards specifying the data collection for the benchmarking exercise in 2024

The European Banking Authority (EBA) published today its final draft Implementing Technical Standards (ITS) on the benchmarking of credit risk, market risk and IFRS9 models for the 2024 exercise. The most significant change, compared to the data collection of 2023, is the roll out for the benchmarking of accounting metrics (IFRS9) to high default portfolios (HDP). For market risk, new templates are added for the collection of additional information, notably the Default Risk Charge (DRC) and the Residual Risk Add-On (RRAO). For credit risk, only minor changes have been made.   

ESAs present common understanding of greenwashing and warn on related risks

​​​​​​​The European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) today published their progress Reports on greenwashing in the financial sector. In these Reports, the ESAs put forward a common high-level understanding of greenwashing applicable to market participants across their respective remits – financial markets, banking, and insurance and pensions.

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