Latest news and press releases 2018

  • EBA publishes response to letter received on reclassification of grandfathered own funds instruments

    The European Banking Authority (EBA) published today a response to a letter it had received from a law firm regarding the case of a reclassification by an institution of some specific grandfathered own funds instruments. The EBA also addressed this issue through its Q&A process. In particular, Q&A 2018_4417 (Own funds - Reclassification of own funds instruments from a grandfathered category to a fully eligible category and purpose of grandfathering provision ), clarifies in more general terms the appropriate prudential treatment for such cases.

    21/12/2018 - News

  • EBA provides preliminary assessment on post-implementation impact of IFRS 9 on EU Institutions

    The European Banking Authority (EBA) published today some initial observations on the post-implementation impact of IFRS 9 on EU banks. This exercise, which builds on the two pre-implementation impact assessments published in November 2016 and July 2017, is mainly based on data extracted from institutions’ supervisory reporting. The initial observations from this exercise are consistent with the forecasts of the second EBA impact assessment report. The report also identifies some areas for ongoing scrutiny and further work from an EBA perspective.

    20/12/2018 - Press releases

  • EBA launches consultation to amend Regulation on benchmarking of internal models

    The European Banking Authority (EBA) launched today a consultation to amend the Commission’s Implementing Regulation on benchmarking of internal models to adjust the benchmarking portfolios and reporting requirements in view of the benchmarking exercise it will carry out in 2020. The proposed changes aim at simplifying the portfolio’s structure for the credit risk part of the exercise, and getting more insights into the model used for pricing for the market risk part of the exercise. The consultation will run until 1 February 2019.

    18/12/2018 - Press releases

  • ESAs publish joint EMIR STS standards

    The European Supervisory Authorities (ESAs) published today two joint draft Regulatory Technical Standards (RTS) to amend the RTS on the clearing obligation and risk mitigation techniques for non-cleared OTC derivatives. These standards provide a specific treatment for simple, transparent and standardised (STS) securitisation to ensure a level playing field with covered bonds. They are required for the proper implementation of the European Market Infrastructure Regulation (EMIR) and will amend the current regulation on the clearing obligation and risk mitigation techniques on OTC derivatives not cleared by central counterparties (CCPs).

    18/12/2018 - Press releases

  • The EBA calls for more action by financial institutions in their Brexit-related communication to customers

    As a follow up to its June 2018 Opinion on financial institutions' preparedness for the UK withdrawal from the EU, the European Banking Authority (EBA) today reminds affected financial institutions to maintain their efforts in effective contingency planning and to increase their efforts in communicating to customers. The EBA urges such institutions to take its Opinion into careful consideration and to swiftly proceed with advising customers on the specific implications stemming from the UK withdrawal from the EU.

    17/12/2018 - Press releases

  • EBA to run its next EU-wide stress test in 2020

    In its meeting on 12 December 2018, the Board of Supervisors of the European Banking Authority (EBA) decided to carry out its next EU-wide stress test in 2020, in line with its previous decision to aim for a biennial exercise. The EBA will start immediately to prepare the methodology for the 2020 stress test exercise. This decision has been communicated to the European Parliament, the Council and the Commission. In 2019, the EBA will perform its regular annual transparency exercise.

    17/12/2018 - Press releases

  • EBA publishes final Guidelines on disclosure of non-performing and forborne exposures

    The European Banking Authority (EBA) publishes today its final Guidelines on disclosure of non- performing and forborne exposures. The disclosure will allow market participants and stakeholders to have a better picture of the quality of the banks’ assets, the main features of their non-performing and forborne exposures, and in the case of more troubled banks, the distribution of the problematic assets and the value of the collateral backing those assets.

    17/12/2018 - Press releases

  • EBA sees further improvements in EU banks resilience but highlights challenges connected to profitability, funding and operational risk

    The European Banking Authority (EBA) published today its annual report on risks and vulnerabilities in the EU banking sector. The report is accompanied by the results of the EBA's 2018 EU-wide transparency exercise, which provide detailed information, in a comparable and accessible format, for 130 banks across the EU. Overall, the EU banking sector has continued to benefit from the positive macroeconomic developments in most European countries, which contributed to the increase in lending, further strengthening of banks’ capital ratios and improvements in asset quality. Profitability remains low on average and has not yet reached sustainable levels.

    14/12/2018 - Press releases

  • EBA issues a call for expressions of interest to participate in its working group on APIs under PSD2

    The European Banking Authority (EBA) issued today a call for expressions of interest to participate in the its working group on Application Programming Interfaces under PSD2 (WG-API). The group will be composed of EBA staff, national competent authorities and representatives of a variety of external stakeholders, and will be chaired by the EBA.

    14/12/2018 - News

  • EBA consults on guidelines on ICT and security risk management

    The European Banking Authority (EBA) today launched a consultation on its draft Guidelines on ICT and security risk management. These Guidelines establish requirements for credit institutions, investment firms and payment service providers (PSPs) on the mitigation and management of their information and communication technology (ICT) risks and aim to ensure a consistent and robust approach across the Single market. The consultation runs until 13 March 2019.

    13/12/2018 - Press releases

  • EBA publishes final guidelines on the STS criteria in securitisation

    The European Banking Authority (EBA) published today its final Guidelines, which will provide a harmonised interpretation of the criteria for the securitisation to be eligible as simple, transparent and standardised (STS) on a cross-sectoral basis throughout the Union. These Guidelines will play a crucial role in the new EU securitisation framework that becomes applicable on 1 January 2019, by providing a single point of consistent interpretation of the STS criteria for all entities involved in the STS securitisation including originators, sponsors, investors, competent authorities and third party STS verifiers.

    12/12/2018 - Press releases

  • EBA launches selection procedure to appoint new Chairperson

    The Board of Supervisors of the European Banking Authority (EBA) has launched today an open selection procedure for the appointment of a new Chairperson following the appointment of the EBA’s current Chairperson, Andrea Enria, to be the Chair of the Supervisory Board of the Single Supervisory Mechanism from 1 January 2019.

    12/12/2018 - News

  • EBA issues revised list of validation rules

    The European Banking Authority (EBA) issued today 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.

    11/12/2018 - News

  • EBA publishes an Opinion on the use of eIDAS certificates under PSD2

    The European Banking Authority (EBA) published today an Opinion on the use of eIDAS certificates under the Regulatory Technical Standards (RTS) on Strong Customer Authentication and Common and Secure Communication (SCA&CSC). In the Opinion, the EBA clarifies specific aspects on the use of qualified certificates for electronic seals (QSealCs) and qualified certificates for website authentication (QWACs) for the purpose of identification of payment service providers (PSPs) under the RTS, the content of these certificates, and the process for their revocation.

    11/12/2018 - Press releases

  • EBA announces timing for publication of 2018 EU-wide transparency exercise and Risk Assessment Report

    The European Banking Authority (EBA) announced today that its 2018 Risk Report and transparency exercise with bank by bank data will be released on Friday 14 December at 17:00 UK time (18:00 CET).

    04/12/2018 - Press releases

  • EBA publishes final Guidelines on the exemption from the fall back mechanism under the RTS on SCA and CSC

    The European Banking Authority (EBA) published today its final Guidelines on the conditions that account servicing payment service providers (ASPSPs) must meet in order to be exempted from the obligation to implement the fallback mechanism under the Regulation (EU) 2018/389 on strong customer authentication and common and secure communication (RTS on SCA&CSC). The Guidelines aim at providing clarity to ASPSPs and national competent authorities (CAs) regarding the elements that should be considered for the purpose of an exemption and at ensuring a consistent application of the conditions for an exemption across the 28 EU Member States.

    04/12/2018 - Press releases

  • ESAs publish statement clarifying securitisation disclosure requirements and consolidated application of securitisation rules for credit institutions

    The European Supervisory Authorities (ESAs – European Banking Authority, European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority) have published a statement in response to industry concerns relating to severe operational challenges both in meeting the transitional provisions of the Securitisation Regulation disclosure requirements, as well as in complying with the EU requirements on risk retention, transparency, re-securitisation and criteria for credit-granting obligations on a consolidated basis by EU credit institutions engaged in local securitisation activities in third countries.

    30/11/2018 - Press releases

  • EBA provides overview of Competent Authorities implementation and transposition of the CRD IV package

    The European Banking Authority (EBA) updated today all the information disclosed by EU Competent Authorities according to its Implementing Technical Standards (ITS) on supervisory disclosure, which was published in the EU Official Journal on 4 June 2014. This information, published in an aggregated format, provides an overview of the implementation and transposition of the Capital Requirements Directive (CRD IV) and Capital Requirements Regulation (CRR) across the EU. It also provides a detailed picture of the use of options and national discretions by each Competent Authority as well as information on the general criteria and methodologies used for the purpose of the supervisory review and evaluation process (SREP). Through such disclosure, the EBA remains committed to providing meaningful comparisons across the EU and to promoting convergence.

    30/11/2018 - News

  • ESAs propose to amend bilateral margin requirements to assist Brexit preparations for OTC derivative contracts

    The European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA), together the European Supervisory Authorities (ESA), have today published a final report with draft regulatory technical standards (RTS) proposing to amend the Commission Delegated Regulation on the risk mitigation techniques for OTC derivatives not cleared by a CCP (bilateral margin requirements) under the European Market Infrastructure Regulation (EMIR). The draft RTS propose, in the context of the United Kingdom’s (UK) withdrawal from the European Union (EU), to introduce a limited exemption in order to facilitate the novation of certain OTC derivative contracts to EU counterparties during a specific time-window. The amendments would only apply if the UK leaves the EU without the conclusion of a withdrawal agreement – a no deal scenario. The draft RTS complement the similar proposal published by ESMA on 8 November with respect to the clearing obligation.

    29/11/2018 - Press releases

  • EBA publishes final draft technical standards on the specification of an economic downturn

    The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) specifying the nature, severity and duration of an economic downturn. These RTS complete the EBA’s regulatory review of the internal ratings-based (IRB) Approach, with the objective of restoring market participants’ trust in internal models by reducing the unjustified variability in resulting risk weighted exposure amounts. The EBA is currently finalising the related Guidelines on the estimation of loss given default (LGD) appropriate for conditions of an economic downturn.

    16/11/2018 - Press releases

  • EBA issues fourth update to recommendation on equivalence of non-EU authorities for participation in supervisory colleges

    The EBA's equivalence assessment, which is based on the relevant provisions of the Capital Requirements Directive (CRD IV), has considered the following third country authorities as equivalent

    08/11/2018 - Press releases

  • ESAs consult on proposed changes to the key information document for PRIIPs

    The European Supervisory Authorities (ESAs) have today issued a consultation paper on targeted amendments to the Delegated Regulation covering the rules for the Key Information Document (KID) for Packaged Retail and Insurance-based Investment Products (PRIIPs).

    08/11/2018 - News

  • EBA updates Recommendation on the equivalence of third country confidentiality regimes

    The European Banking Authority (EBA) updated today its Recommendation on the equivalence of confidentiality and professional secrecy regimes by adding three non-EU (third country) supervisory authorities to the current list of third country supervisory authorities whose confidentiality regimes can be regarded as equivalent. The EBA Recommendation is designed as a guide for EU authorities in their assessment of third country equivalence with the aim of facilitating cooperation with third country supervisory authorities and their participation in supervisory colleges overseeing international banks.

    08/11/2018 - News

  • ESAs consult on guidelines on cooperation and information exchange for AML/CFT supervision purposes

    The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) launched today a public consultation on draft Guidelines on the cooperation and information exchange between competent authorities supervising credit and financial institutions for the purposes of Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) supervision. The draft Guidelines are part of the ESAs’ wider work on fostering a common approach to AML/CFT within the EU.

    08/11/2018 - News

  • EBA publishes 2018 EU-wide stress test results

    The European Banking Authority (EBA) published today the results of the 2018 EU-wide stress test, which involved 48 banks from 15 EU and EEA countries, covering broadly 70% of total EU banking sector assets. The adverse scenario has an impact of -395 bps on banks' CET1 fully loaded capital ratio (-410 bps on a transitional basis), leading to a 10.1% CET1 capital ratio at the end of 2020 (10.3% on a transitional basis). The objective of the exercise is to assess, in a consistent way, the resilience of banks to a common set of adverse shocks. The results are an input to the supervisory decision-making process and promote market discipline.

    02/11/2018 - Press releases

  • EBA publishes final guidance on management of non-performing and forborne exposures

    The European Banking Authority (EBA) publishes today its final Guidelines on management of non-performing and forborne exposures. The Guidelines, developed in accordance with the European Council Action Plan, aim to ensure that credit institutions have adequate prudential tools and frameworks in place to manage effectively their non-performing exposures (NPEs) and to achieve a sustainable reduction on their balance sheets. To this end, the Guidelines require institutions to establish NPE reduction strategies and introduce governance and operational requirements to support them.

    31/10/2018 - Press releases

  • EBA consults on draft DPM 2.9 for supervisory reporting

    The European Banking Authority (EBA) launched today a consultation on the new draft version of Data Point Model (DPM) 2.9. The new release is an exposure draft of the new data requirements proposed in the ongoing public consultations on amendments to the Implementing Technical Standards (ITS) on supervisory reporting on COREP LCR, COREP securitisation & FINREP-NPE&FB, P&L and IFRS16. The final DPM 2.9 version will be updated together with the ITS on supervisory reporting to include the feedback received from the public consultations. The consultation runs until 7 December 2018.

    30/10/2018 - Press releases

  • EBA acknowledges adoption of new resolution reporting standards by the European Commission

    The European Banking Authority (EBA) acknowledged today the adoption by the European Commission of the Implementing Regulation on the procedures and standard forms and templates for the provision of information for the purposes of resolution plans for credit institutions and investment firms, repealing Regulation (EU) 2016/1066. The Implementing Regulation, which is based on the final draft Implementing Technical Standards (ITS) on the provision of information for resolution plans submitted by the EBA in April 2018, was adopted by the Commission on 23 October 2018. Its publication in the EU Official Journal is still pending. The reporting requirements will apply as of 31 December 2018 (reporting framework v2.8).

    29/10/2018 - News

  • ESAs propose new amendments to technical standards on the mapping of ECAIs

    The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) launched today a public consultation to amend the Implementing Regulations on the mapping of credit assessments of External Credit Assessment Institutions (ECAIs) for credit risk to reflect the outcomes of a monitoring exercise on the adequacy of existing mappings, namely changes to the Credit Quality Steps (CQS) allocation for two ECAIs and the introduction of new credit rating scales for ten ECAIs. The Implementing Regulations are part of the EU Single Rulebook for banking and insurance aimed at creating a safe and sound regulatory framework consistently applicable across the European Union (EU). The consultation runs until 31 December 2018.

    26/10/2018 - News

  • EBA publishes work programme for 2019

    The European Banking Authority (EBA) published today its detailed annual work programme for 2019, describing the specific activities and tasks of the Authority for the coming year and highlighting the key strategic areas of work from 2019 to 2021.

    23/10/2018 - Press releases

  • EBA announces timing for publication of 2018 EU-wide stress test

    The European Banking Authority (EBA) announced today that individual results for the banks participating in the 2018 EU-wide stress test, along with detailed balance sheets and exposure data as of end 2017, will be published on Friday 2 November at 17:00 UK time (18:00 CET).

    19/10/2018 - Press releases

  • EBA acknowledges adoption of amended supervisory reporting standards by the European Commission

    The European Banking Authority (EBA) acknowledged today the adoption by the European Commission of the Implementing Act amending Regulation (EU) No 680/2014 (Implementing Technical Standards on Supervisory Reporting) with regard to the inclusion of prudent valuation into COREP as well as other amendments. The Implementing Act, which is based on the final draft ITS on supervisory reporting submitted by the EBA in April 2018, was adopted by the Commission on 9 October 2018 but its publication in the EU Official Journal is still pending. The amended requirements will apply as of 31 December 2018 (reporting framework v2.8).

    09/10/2018 - News

  • EBA acknowledges notifications from Finansiel Stabilitet

    The European Banking Authority (EBA) acknowledged today notification from Finansiel Stabilitet with respect to its decisions related to the resolution of Københavns Andelskasse.

    08/10/2018 - News

  • Updated EBA Risk Dashboard shows sustained improvements in the management of NPLs across the EU but banks profitability remains a key challenge

    The European Banking Authority (EBA) published today the periodical update to its Risk Dashboard, which summarises the main risks and vulnerabilities in the EU banking sector using quantitative risk indicators. In the second quarter (Q2) of 2018, the updated Dashboard identified ongoing improvements in the repair of the EU banking sector but also residual risks in banks’ profitability.

    08/10/2018 - Press releases

  • EBA publishes the preliminary impact of the Basel reforms on EU banks capital and updates on liquidity measures in the EU

    he European Banking Authority (EBA) published today two reports, which measure the impact of implementing Basel III reforms and monitor the current implementation of liquidity measures in the EU.

    04/10/2018 - Press releases

  • ESAs highlight the relevance of legislative changes for the Key Information Document for PRIIPs

    Today, the European Supervisory Authorities (ESAs) wrote a letter to the European Commission expressing their concerns regarding the possibility of duplicating information requirements for investment funds from 1 January 2020 and the importance of legislative changes to avoid such a situation.

    01/10/2018 - News

  • ESAs Joint Board of Appeal decides on an individual appeal against a decision of ESMA in relation to binary options and contracts for differences

    The Joint Board of Appeal of the European Supervisory Authorities (ESAs – European Banking Authority, European Insurance and Occupational Pensions Authority, and European Securities and Markets Authority) publishes today its decision in an appeal brought by "V" against the European Securities and Markets Authority (ESMA).

    26/09/2018 - News

  • EBA notifies the European Commission and MEPs on the outcome of its enquiry into the application of EU law on AML in Malta

    The European Banking Authority (EBA) today notified the European Commission and Members of the European Parliament on the outcome of its enquiries in relation to the application of EU law on anti-money laundering (AML) in Malta by the Malta Financial Services Authority (MFSA).

    25/09/2018 - Press releases

  • EBA launches its 2018 EU-wide transparency exercise

    The European Banking Authority (EBA) launched today its fifth annual EU-wide transparency exercise. In December 2018, together with the Risk Assessment Report (RAR), the EBA will release over 900000 data points on about 130 EU banks. The data will cover capital positions, risk exposure amounts, sovereign exposures and asset quality. This data disclosure, which provides the wider public with a consistent tool to access data on the EU banking system, is an important component of the EBA’s responsibility to monitor risks and vulnerabilities and foster market discipline.

    24/09/2018 - News

  • EU banks funding plans indicate increased appetite for client deposits and market-based funding in the coming years

    The European Banking Authority (EBA) published today two reports on EU banks’ funding plans and asset encumbrance respectively. The reports aim to provide important information for EU supervisors to assess the sustainability of banks’ main sources of funding. The results of the assessment show that banks plan to match the asset side increase in the forecast years by a growth in client deposits as well as market based funding.

    19/09/2018 - Press releases

  • EBA revises standardised NPL data templates

    The European Banking Authority (EBA) published today a revised version of the standardised NPL data templates that aim at facilitating the NPL sale transactions across the EU. The revised templates include minor changes following the feedback received from the testing of the original version published in December 2017.

    12/09/2018 - News

  • EBA issues revised list of validation rules

    The European Banking Authority (EBA) issued today 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.

    10/09/2018 - News

  • EBA publishes QIS templates to assess the impact of the finalised Basel III standards

    The European Banking Authority (EBA) released today the two sets of templates, which will be used in the 2018 impact assessment of the finalised Basel III standards. These two sets of quantitative impact study (QIS) templates, which build on the Basel III regular monitoring templates, will ensure that the data collection burden is proportionate to the institutions' size and complexity.

    06/09/2018 - News

  • ESAs report finds automation in financial advice slowly growing but scale of market remains limited

    The three European Supervisory Authorities (ESAs) – EBA, EIOPA and ESMA – today published the results of their monitoring exercise on automation in financial advice. The Report shows that while the phenomenon of automation in financial advice seems to be slowly growing, the overall number of firms and customers involved is still quite limited.

    05/09/2018 - News

  • EBA launches consultations on supervisory reporting for the reporting framework 2.9 and prepares for its modular release

    The European Banking Authority (EBA) launched today three public consultations on amendments to the Implementing Technical Standards (ITS) on supervisory reporting for the reporting framework 2.9. The proposed changes to the ITS on supervisory reporting, which are part of the EBA reporting framework 2.9, aim to keep reporting requirements in line with changes in the regulatory framework and with the evolving needs for Supervisory Authorities' risk assessments. The EBA will move to a new modular release for the next reporting framework 2.9 and is, therefore, also publishing its forward schedule of the modular release to help users in their planning.

    28/08/2018 - News

  • The EBA updates data used for the identification of global systemically important institutions (G-SIIs)

    The European Banking Authority (EBA) published today 12 indicators and updated the underlying data from the 35 largest institutions in the EU, whose leverage ratio exposure measure exceeds EUR 200 bn.

    09/08/2018 - Press releases

  • EBA updates XBRL taxonomy 2.8

    The European Banking Authority (EBA) published today a corrective update to the XBRL taxonomy that Competent Authorities shall use for the remittance of data under the Implementing Technical Standards (ITS) for reference dates of 31 December 2018 onwards.

    09/08/2018 - News

  • EBA publishes final draft technical standards on home-host cooperation under PSD2

    The European Banking Authority (EBA) published today its final draft regulatory technical standards (RTS) specifying the framework for cooperation and the exchange of information between competent authorities under the revised Payment Services Directive (PSD2). The RTS also clarify the type of information as well as the templates to be used by payment institutions when reporting to the competent authorities of the host Member States on the payment business activities carried out in their territories.

    31/07/2018 - Press releases

  • EBA updates the Joint Committee Guidelines on complaints-handling to extend their scope of application

    The European Banking Authority (EBA) published today an update to the Joint Committee (JC) Guidelines on complaints-handling, which includes an extension of their scope of application to the authorities supervising the new institutions established under the revised Payment Service Directive (PSD2) and the Mortgage Credit Directive (MCD). This extension will ensure that an identical set of requirements for complaints-handling continues to apply to all financial institutions across the banking, investment and insurance sectors. This will provide consumers with the same level of protection, irrespective of which regulated product or service they are purchasing and which regulated institution they are purchasing it from.

    31/07/2018 - Press releases

  • EBA publishes final draft technical standards defining the homogeneity of the underlying exposures in securitisation

    The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) setting out conditions for securitisation to be deemed homogeneous. Homogeneity is one of the crucial requirements for a securitisation transaction to be assessed as simple, transparent and standardised (‘STS’) and to be eligible for more risk-sensitive risk weights under the new EU securitisation framework. Homogeneity is also a key element for investors when assessing the underlying risks and performing their due diligence. The RTS are part of 28 mandates assigned to the EBA within its important role in implementation of the new securitisation framework.

    31/07/2018 - Press releases

  • EBA sees progress in the functioning of resolution colleges in 2017 but continued effort is needed

    The European Banking Authority published today its first Report on the functioning of resolution colleges. The Report summarises the EBA's assessment of the quality of the colleges’ organisation, discussions held and general output. Overall, the Report finds that good progress has been achieved since the introduction of the Bank Recovery and Resolution Directive (BRRD) in 2015, also considering that most colleges are only in their second year of operation.

    31/07/2018 - Press releases

  • EBA publishes final draft technical standards on risk retention for securitisation transactions

    The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) specifying the requirements for originators, sponsors and original lenders related to risk retention as laid down in the new EU securitisation framework (STS Regulation). These final draft RTS, which replace the current Commission Delegated Regulation on risk retention, aim to provide clarity on the requirements relating to risk retention, thus reducing the risk of moral hazard and aligning interests

    31/07/2018 - Press releases

  • EBA publishes its assessment of European Secured Notes

    The European Banking Authority (EBA) published today a report presenting the outcome of its assessment to the European Commission’s call for advice on the European Secured Notes (ESNs). In addition, it puts forward recommendations on key aspects for the European Commission to consider when possibly designing the legislative framework for SME ESNs.

    24/07/2018 - Press releases

  • EBA replies to claims concerning Common Equity Tier 1 classification of UniCredit capital instruments

    The European Banking Authority published today its reply to claims by Caius Capital LLP that the European Central Bank (ECB) has breached Union law by not disqualifying the Common Equity Tier 1 (CET1) classification of Unicredit capital instruments due to arrangements involving a transaction known as Convertible and Subordinated Hybrid Equity-Linked Securities (CASHES). The EBA finds that there is no clear evidence of a breach of Union law by the ECB and therefore decided not to open a formal investigation.

    20/07/2018 - Press releases

  • EBA updates on monitoring of Additional Tier 1 instruments

    The European Banking Authority (EBA) published today its third updated Report on the monitoring of Additional Tier 1 (AT1) instruments. The EBA’s monitoring of capital instruments has been beneficial in the implementation of the Capital Requirements Regulation (CRR) and the provisions laid down in the related Regulatory Technical Standards (RTS) on own funds and has contributed to the enhancement of the quality of institutions’ capital across the EU.

    20/07/2018 - Press releases

  • EBA updates on monitoring of CET1 capital instruments

    The European Banking Authority (EBA) published today a new updated list of Common Equity Tier 1 (CET1) instruments of EU institutions. This list is accompanied by an updated CET1 Report, which includes information on the underlying objectives of the monitoring as well as on the consequences of including or excluding instruments in or from the CET1 list. The EBA’s monitoring of capital instruments contributes to the enhancement of the quality of institutions’ capital across the EU. The EBA will continue to update the Report on a regular basis to give account of new developments in CET1 issuances and practices.

    20/07/2018 - Press releases

  • European Supervisory Authorities publish further guidance on the Key Information Document for PRIIPs

    The European Supervisory Authorities (ESAs) published today further guidance on the Key Information Document (KID) requirements for Packaged Retail and Insurance-based Investment Products (PRIIPs)

    20/07/2018 - News

  • EBA Risk Dashboard confirms steady improvements in the management of NPLs across the EU but banks profitability remains a key challenge

    The European Banking Authority (EBA) published today the periodical update to its Risk Dashboard, which summarises the main risks and vulnerabilities in the EU banking sector using quantitative risk indicators, along with the opinions of banks and market analysts from its Risk Assessment Questionnaire. In the first quarter of 2018, the updated dashboard identified ongoing improvements in the repair of the EU banking sector but also residual risks in banks’ profitability.

    19/07/2018 - Press releases

  • EBA publishes final guidance to strengthen the Pillar 2 framework

    The European Banking Authority (EBA), in accordance with its Pillar 2 Roadmap, published today its final revised Guidelines aimed at further enhancing institutions’ risk management and supervisory convergence in the supervisory review and examination process (SREP). The three reviewed Guidelines focus on stress testing, particularly its use in setting Pillar 2 capital guidance (P2G), as well as interest rate risk in the banking book (IRRBB).

    19/07/2018 - Press releases

  • EBA publishes final Guidelines on fraud reporting under PSD2

    The European Banking Authority (EBA) published today its final Guidelines on fraud reporting under the revised Payment Services Directive (PSD2). These Guidelines, which the EBA developed in close cooperation with the European Central Bank (ECB) and which are addressed to payment service providers and competent authorities, are aimed at contributing to the objective of PSD2 of enhancing the security of retail payments in the EU.

    18/07/2018 - Press releases

  • EBA issues recommendation to the Maltese Financial Intelligence Analysis Unit in relation to its supervision of Pilatus Bank

    The European Banking Authority (EBA) issued today a Recommendation addressed to the Maltese Financial Intelligence Analysis Unit (FIAU) after establishing it had breached Union law in relation to its supervision of Pilatus Bank.

    11/07/2018 - Press releases

  • EBA peer review shows competent authorities have robust and consistent procedures to comply with RTS on passport notifications

    The European Banking Authority (EBA) published today the final peer review Report on the Regulatory Technical Standards (RTS) on the information to be notified when exercising the right of establishment and the freedom to provide services for credit institutions. The Report, which summarises the main findings of the peer review exercise, showed that competent authorities have developed consistent and robust procedures to comply with the RTS requirements although the level of sophistication of these processes varies across Member States. The EBA has, therefore, identified some best practices, which might be beneficial to address some of the identified weaknesses.

    10/07/2018 - Press releases

  • EBA assesses risks and opportunities from Fintech and its impact on incumbents business models

    The European Banking Authority (EBA) published today the first products of its FinTech Roadmap, namely (i) a thematic report on the impact of FinTech on incumbent credit institutions' business models and (ii) a thematic report on the prudential risks and opportunities arising for institutions from FinTech.

    03/07/2018 - Press releases

  • EBA publishes updated ITS package for 2019 benchmarking exercise

    The European Banking Authority (EBA) published today an update to its Implementing Technical Standards (ITS) on benchmarking of internal approaches. The ITS include all benchmarking portfolios that will be used for the 2019 benchmarking exercise.

    29/06/2018 - Press releases

  • EBA does not object to the Swedish FSA proposed measures to address macroprudential risk

    The European Banking Authority (EBA) published today an Opinion following the notification by Finansinspektionen, the Swedish Financial Supervisory Authority (FSA) of its intention to change the method it currently uses to apply a risk weight floor for Swedish mortgages through Pillar 2 by replacing it with a requirement within the framework of Article 458 of the Capital Requirements Regulation (CRR).

    28/06/2018 - News

  • EBA updates its guides on supervisory data

    The European Banking Authority (EBA) published today two updated versions of its guides on data. Both the EBA methodological guide on how to compile risk indicators and detailed risk analysis tools and the EBA guidance note on compiling IMF FSIs with EBA ITS data provide useful insights to users on how to explore supervisory data available through the EBA reporting framework.

    25/06/2018 - News

  • EBA publishes Opinion to hasten the preparations of financial institutions for Brexit

    The European Banking Authority (EBA) published today an Opinion relating to the risks posed by lack of preparation by financial institutions for the departure of the UK from the EU. In this Opinion, the EBA asks Competent Authorities to ensure that financial institutions take practical steps now to prepare for the possibility of a withdrawal of the UK from the EU with no ratified Withdrawal Agreement in place, and no transition period.

    25/06/2018 - Press releases

  • EBA consults on Guidelines on outsourcing

    The European Banking Authority (EBA) launched today a public consultation on its draft Guidelines on outsourcing. These Guidelines, which review the existing CEBS Guidelines on outsourcing published in 2006, aim at establishing a more harmonised framework for outsourcing arrangements of all financial institutions in the scope of the EBA’s action.

    22/06/2018 - News

  • EBA adds PSD2 to its online Interactive Single Rulebook and Q&A tools

    The European Banking Authority (EBA) has updated its online Interactive Single Rulebook and Q&A tool with the inclusion of the Payment Services Directive (PSD2).

    22/06/2018 - News

  • European Supervisory Authorities hold its 2018 Consumer Protection Day

    The Joint Committee of the European Supervisory Authorities (ESAs) is holding today its sixth annual Consumer Protection Day. The event brings together 250 consumer representatives, finance industry representatives and regulators to address major challenges facing consumer protection in financial services across the European Union.

    22/06/2018 - News

  • EBA launches its Staff Papers series

    The European Banking Authority (EBA) launched today its Staff Papers series, which provides a platform for EBA staff to disseminate research and thematic analyses to a wider public. The EBA Staff Papers series will make available selected studies on financial regulation, supervisory policy and legal issues of general interest with the aim of stimulating discussion and public debate.

    21/06/2018 - Press releases

  • EBA issues third update to recommendation on equivalence of non-EU authorities for participation in supervisory colleges

    The European Banking Authority (EBA) updated today its Recommendation on the equivalence of confidentiality and professional secrecy regimes by adding three non-EU (third country) supervisory authorities to the current list of third country supervisory authorities whose confidentiality regimes can be regarded as equivalent. The EBA Recommendation is designed as a guide for EU authorities in their assessment of third country equivalence with the aim of facilitating cooperation with third country supervisory authorities and their participation in supervisory colleges overseeing international banks.

    20/06/2018 - Press releases

  • EBA consults on the conditions to allow institutions to calculate capital requirements of securitised exposures (Kirb) in accordance with the purchased receivables approach

    The European Banking Authority (EBA) launched today a public consultation on draft Regulatory Technical Standards (RTS) specifying the conditions to allow institutions to calculate capital requirements of the securitised exposures (KIRB) in accordance with the purchased receivables approach laid down in the amended Capital Requirements Regulation (CRR). These draft RTS aim at striking the right balance between the need to acknowledge the specific circumstances under which institutions calculate capital requirements in the context of a securitisation transaction and the need to maintain appropriately safe and prudent requirements on the internal modelling of capital requirements.

    19/06/2018 - News

  • EBA issues first binding mediation decision between the SRB and the NBR

    The European Banking Authority (EBA) publishes today its first binding mediation decisions between two resolution authorities, the Single Resolution Board (SRB) and the National Bank of Romania (NBR). The decisions were issued following a request from the NBR for the EBA to assist in settling a dispute with the SRB concerning the resolution planning for two banking groups.

    18/06/2018 - Press releases

  • EBA publishes its 2017 Annual Report

    The European Banking Authority (EBA) published today its 2017 Annual Report, which provides a detailed account of all the work the Authority achieved in the past year and anticipates the key areas of focus in the coming years.

    18/06/2018 - Press releases

  • EBA publishes Opinion on the implementation of the RTS on strong customer authentication and common and secure communication

    The European Banking Authority (EBA) published today an Opinion on the implementation of the regulatory technical standards (RTS) on strong customer authentication (SCA) and common and secure communication (CSC), which will apply from 14 September 2019. In the Opinion, the EBA clarifies a number of issues identified by market participants and Competent Authorities (CAs) to assist in this implementation.

    13/06/2018 - Press releases

  • EBA provides clarity to market participants for the implementation of the technical standards on strong customer authentication and common and secure communication under the PSD2

    The European Banking Authority (EBA) published today two regulatory products, an Opinion and a Consultation Paper on draft Guidelines, to clarify a number of issues identified by market participants in relation to the regulatory technical standards (RTS) on strong customer authentication and common and secure communication (SCA and CSC), which will apply from 14 September 2019. The Opinion focuses on the implementation of the RTS while the Consultation Paper proposes a pragmatic and consistent approach to the four conditions to be met to benefit from an exemption from the fallback option envisaged under Article 33(6) of the RTS. The EBA will also extend its Single Rulebook Q&A tool to the revised Payments Services Directive (PSD2). With all these additional measures, the EBA aims at providing assistance to market participants for a smooth and transparent implementation of its RTS on SCA and CSC.

    13/06/2018 - Press releases

  • EBA issues revised list of ITS validation rules

    The European Banking Authority (EBA) issued today 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.

    11/06/2018 - News

  • EBA publishes final amended technical standards on supervisory disclosure

    The European Banking Authority (EBA) published today its final draft amended Implementing Technical Standards (ITS) on supervisory disclosure, which specify the format, structure, contents list and annual publication date of the supervisory information to be disclosed by competent authorities. The amended draft ITS incorporate the changes to the EU legal framework and the establishment of the Single Supervisory Mechanism (SSM). The amendments introduced in the final draft ITS will enhance transparency, ensure consistency between the templates and instructions and will contribute to reducing the level of different interpretation between reporting.

    01/06/2018 - Press releases

  • EBA and ESMA: institutions and authorities must consider retail holders of debt financial instruments in resolutions

    The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) have today published a joint statement encouraging institutions, market and resolution authorities to properly consider retail holders of debt financial instruments subject to the Bank Recovery and Resolution Directive (BRRD) when carrying out their respective tasks. The distribution of debt instruments issued by financial institutions to retail clients may raise significant consumer protection issues and affect the practical application of the resolution framework under the BRRD.

    30/05/2018 - Press releases

  • EBA releases updated data on Deposit Guarantee Schemes across the EU

    The European Banking Authority (EBA) published today 2017 data relating to two key concepts in the Deposit Guarantee Schemes Directive: available financial means, and covered deposits. This publication is done on a yearly basis, with the objective of enhancing the transparency and public accountability of DGSs across the EU to the benefit of depositors, markets, policymakers, DGSs and Members States.

    23/05/2018 - News

  • EBA updates list of O-SIIs in the EU

    The European Banking Authority (EBA) updated today the 2017 list of Other Systemically Important Institutions (O-SIIs) in the EU. O-SIIs – those institutions which, along with Global Systemically Important Institutions (G-SIIs) are deemed systemically important – have been identified by the relevant authorities across the Union according to harmonised criteria provided by the EBA Guidelines. This list also reflects the additional capital buffers that the relevant authorities have set for the identified O-SIIs.

    23/05/2018 - News

  • EBA consults on standards on estimation and identification of an economic downturn in IRB modelling

    The European Banking Authority (EBA) launched today two consultations on draft regulatory technical standards (RTS) specifying an economic downturn and on a set of Guidelines related to the estimation of loss given default (LGD) appropriate for conditions of an economic downturn. The draft RTS specify the nature, severity and duration of an economic downturn, while the Guidelines focus on the appropriate estimation of the LGD in a situation of economic downturn. This package is part of the EBA’s broader work on the review of the IRB approach aiming at reducing the unjustified variability in the outcomes of internal models, while preserving the risk sensitivity of capital requirements. The consultations run until 22 June 2018.

    22/05/2018 - News

  • EBA to hold public hearing on Commission proposal to develop European Secured Notes

    On Tuesday 26 June 2018, from 10.00 to 12.00 UK time, the European Banking Authority (EBA) will be holding a public hearing to outline its draft answer to the Commission’s Call for Advice (CfA) on the European Secured Notes. The hearing comes ahead of the publication of the EBA’s final report, which is expected by mid-July 2018.

    21/05/2018 - News

  • ESAs Joint Board of Appeal decides on an appeal against ESMA

    The Joint Board of Appeal of the European Supervisory Authorities (ESAs – European Banking Authority, European Insurance and Occupational Pensions Authority, and European Securities and Markets Authority) published today its decision (link) in an appeal brought by “A” against the European Securities and Markets Authority (ESMA).

    18/05/2018 - News

  • EBA will support the Commission in the implementation of the Basel III framework in the EU

    The EBA welcomed the European Commission's call for advice on the implementation in the EU of the Basel III framework, which was finalised in December 2017. In its call, the Commission is asking the EBA to prepare a comprehensive analysis to assess the potential impact of the different elements of the Basel reform on the EU banking sector and the wider economy.

    07/05/2018 - Press releases

  • ESAs consult on amendments to joint EMIR standards

    The European Supervisory Authorities Authority (ESAs) launched today two joint consultation to amend Regulatory Technical Standards (RTS) on the clearing obligation and risk mitigation techniques for OTC derivatives not cleared. These standards, which implement the European Market Infrastructure Regulation (EMIR), aim to amend the current regulation on the clearing obligation and risk mitigation techniques on OTC derivatives not cleared by a central counterparties (CCPs) in order to provide a specific treatment for simple, transparent and standardised (STS) securitisation and ensure a level playing field with covered bonds. The consultations run until 15 June 2018.

    04/05/2018 - News

  • EBA publishes results of its 2016 CVA risk monitoring exercise

    The European Banking Authority (EBA) published today a Report on its 2016 CVA risk monitoring exercise, which assesses the impact on own funds requirements of the reintegration of the transactions currently exempted from the scope of the CVA risk charge. The results, in line with those of the previous monitoring exercise, continue to show the materiality of CVA risks that are currently not capitalised due to the CRR exemptions.

    04/05/2018 - Press releases

  • The ESAs conclude a multilateral Memorandum of Understanding with the EFTA Surveillance Authority

    The European Supervisory Authorities (EBA, EIOPA, and ESMA - the ESAs) have concluded a multilateral Memorandum of Understanding (MoU) on cooperation, information exchange and consultation with the EFTA Surveillance Authority.

    27/04/2018 - Press releases

  • EBA consults on Guidelines on disclosure of non-performing and forborne exposures

    The European Banking Authority (EBA) launched today a consultation on its Guidelines on disclosure by credit institutions of information on non-performing and forborne exposures. The Guidelines specify the information related to non-performing (NPE) and forborne exposures and foreclosed assets that banks should disclose and provide uniform disclosure formats. By addressing potential asymmetries of information and providing common disclosure on the quality of banks’ assets, the Guidelines seek to foster transparency and market discipline. The consultation runs until 27 July 2018.

    27/04/2018 - News

  • EBA launches call for papers for its 2018 annual research workshop

    The European Banking Authority (EBA) launched today a call for research papers in view of its seventh policy research workshop taking place in London on 28-29 November 2018 on the topic ‘Reaping the benefits of an integrated EU banking market '.

    24/04/2018 - News

  • EBA consults on its guidelines interpreting the STS criteria in securitisation

    The European Banking Authority (EBA) launched today a public consultation on its draft Guidelines, which will provide a harmonised interpretation of the criteria for the securitisation to be eligible as simple, transparent and standardised (STS). The EBA Guidelines will play a crucial role in the new EU securitisation framework, by providing a single point of consistent interpretation of the STS criteria to originators, sponsors, investors and competent authorities throughout the Union. The consultation runs until 20 July 2018.

    20/04/2018 - News - Press releases

  • ESAs appoint new members to the Board of Appeal

    The European Supervisory Authorities (ESAs) have appointed three new members to the Board of Appeal of the ESAs.

    18/04/2018 - Press releases

  • EBA launches consultation on Guidelines regarding the exposures to be associated with high risk

    The European Banking Authority (EBA) launched today a consultation on its Guidelines regarding the types of exposures to be associated with high risk under Article 128 (3) of the Capital Requirements Regulation (CRR). The Guidelines specify which types of exposures, other than those mentioned in Article 128 (2) CRR, are to be associated with particularly high risk and under which circumstances. The Guidelines also clarify the notion of investments in venture capital firms and private equity. The consultation runs until 17 July 2018.

    17/04/2018 - News

  • EBA publishes amended technical standards on supervisory and resolution reporting for EU institutions and the corresponding DPM and XBRL taxonomy 2.8

    The European Banking Authority (EBA) published today amendments to the Implementing Technical Standards (ITS) on supervisory reporting, a new ITS on reporting for resolution plans and the corresponding Data Point Model (DPM) and XBRL taxonomy. These changes form part of the EBA reporting framework version 2.8, which will be applicable for submissions of data as of December 2018.

    17/04/2018 - Press releases

  • EU financial regulators warn against risks for EU financial markets, Brexit, asset repricing and cyber-attacks key risks

    The securities, banking and insurance sectors in the European Union (EU) face multiple risks, the latest report on risks and vulnerabilities by the Joint Committee of the European Supervisory Authorities (ESAs) shows. The ESA report for the second half of 2017 outlines the following risks as potential sources of instability:

    12/04/2018 - Press releases

  • EBA updates list of correlated currencies

    The European Banking Authority (EBA) updated today the list of closely correlated currencies that was originally published in December 2013 and updated in October 2016 . The list is part of the implementing technical standards (ITS) that were drafted for the purposes of 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.

    10/04/2018 - News

  • The EBA observes a decrease in high earners in 2016 and differences in remuneration practices across the EU

    The European Banking Authority (EBA) published today its report on benchmarking of remuneration practices in EU banks for the financial years 2015 and 2016 and high earners data for 2016. The data shows that in 2016, the number of high earners in EU banks receiving a remuneration of more than EUR 1 million decreased by 10.6% (from 5 142 in 2015 to 4 597 in 2016). In addition, for high earners, the average ratio between the variable and fixed remuneration continued to decrease from 127% in 2014 to 118% in 2015 and 104% in 2016. The same holds true for the ratio between the variable and fixed remuneration of all other identified staff, which decreased from 65.5 % in 2014 to 62.2 % in 2015 and 57.1 % in 2016. The report is part of the EBA’s monitoring activities and focuses on the identification of staff, the application of deferral arrangements, the pay out in instruments and the use of specific remuneration elements, e.g. guaranteed variable remuneration and severance payments.

    10/04/2018 - Press releases

  • EBA publishes aggregated exposures in compliance with the ESRB Recommendation on closing real estate data gaps

    In compliance with the ESRB recommendation E 2016/14 on closing real estate data gaps, the EBA has included an additional page in its updated Risk Dasboard to disclose aggregated exposures referred to real estate activities (NACE code L) and the construction sector (NACE code F). All this information relies solely on the current reporting framework (ITS) and some items, included under NACE L and F, would need to be excluded in order to follow the commercial real estate definition adopted in the ESRB Recommendation. All the figures shown are aggregated by country of the counterparty and do not include EU subsidiaries. Both tables rely on a threshold-based template, and it may be subject to data gaps for some EU countries, as not all the banks are obliged to report such information.

    05/04/2018 - News

  • EBA updated Risk Dashboard shows significant improvements across EU banks but elevated NPLs are still the main challenge for their profitability

    The European Banking Authority (EBA) published today the regular update of its Risk Dashboard summarising the main risks and vulnerabilities in the EU banking sector for Q4 2017. The progress is positive for European banks, but risks remain heightened on sustainable profitability. Following the ESRB recommendation on commercial real estate markets , the EBA’s Risk Dashboard has an additional page showing the aggregated real estate exposures referred to real estate activities and the construction sector.

    05/04/2018 - Press releases

  • EBA consults on extending the application of the Joint Committee Guidelines on complaints-handling to the new institutions under PSD2 and MCD

    The European Banking Authority (EBA) launched today a public consultation to propose extending the scope of application of the existing Joint Committee (JC) Guidelines on complaints-handling to the new institutions established under the revised Payment Service Directive (PSD2) and the Mortgage Credit Directive (MCD). The proposal, which does not envisage any changes to the substance of the existing Guidelines, will ensure that an identical set of requirements for complaints-handling continues to apply to all financial institutions across the banking, investment and insurance sectors. The extension of the scope will provide consumers with the same level of protection, irrespective of which regulated product or service they are purchasing and which regulated institution they are purchasing it from. The consultation runs until 27 May 2018.

    27/03/2018 - News

  • EBA updates list of public sector entities for the calculation of capital requirements

    The European Banking Authority (EBA) published today an updated list of regional governments and local authorities that may be treated as central governments for the calculation of capital requirements, in accordance with the EU Capital Requirements Regulation (CRR).

    22/03/2018 - News

  • EBA published an assessment of the current credit risk mitigation framework

    The European Banking Authority (EBA) published today a Report, which assesses the current Credit Risk Mitigation (CRM) framework, as part of its work on the review of the IRB approach. This Report is part of the 4th and last phase of the EBA’s roadmap on the IRB approach, which also includes a review of supervisory practices, a harmonised definition of default and clarifications on modelling approaches to be used by institutions.

    19/03/2018 - Press releases

  • EBA highlights progress in the work of supervisory colleges in 2017

    The European Banking Authority published today its Report on the functioning of supervisory colleges in 2017, which summarises the EBA’s assessment of the colleges’ activities against the EBA 2017 Colleges Action Plan and the relevant regulation. The Report concludes that significant improvements have been achieved over the last couple of years in college interactions, responsiveness, and in the quality, coverage and reasoning of the joint decision documents. Further efforts are, however, expected both from home and host supervisors to enhance the joint decision process and ensure the completeness of the SREP assessments.

    16/03/2018 - Press releases

  • ESAs weigh benefits and risks of Big Data

    The Joint Committee of the European Supervisory Authorities (ESAs) published today its final report on Big Data analysing its impact on consumers and financial firms. Overall, the ESAs have found that while the development of Big Data poses some potential risks to financial services consumers, the benefits of this innovation currently outweigh these. Many of the risks identified by the ESAs are mitigated by existing legislation.

    15/03/2018 - Press releases

  • EBA publishes its Roadmap on FinTech

    The European Banking Authority (EBA) published today a FinTech Roadmap setting out its priorities for 2018/2019. The Roadmap also sets out the establishment of a FinTech Knowledge Hub to enhance knowledge sharing and foster technological neutrality in regulatory and supervisory approaches.

    15/03/2018 - Press releases

  • EBA issues Opinion on measures to address macroprudential risk

    The European Banking Authority (EBA) published today an Opinion following the notification by the French High Council for Financial Stability (HCSF) of its intention to tighten the large-exposure limits applicable to large and highly indebted non-financial corporations (NFCs) resident in France or groups of connected NFCs assessed to be highly indebted and based in France. Based on the evidence submitted, the EBA does not object to the adoption of the proposed measure, which the HCSF intends to apply only to global or other systemically important institutions (G-SIIs and O-SIIs) with the aim of accounting for changes in the intensity of macroprudential/systemic risk that could pose a threat to financial stability in France.

    14/03/2018 - News

  • EBA advises European Commission on the use of prudential backstops to prevent the building up of new NPLs

    The European Banking Authority (EBA) published today its advice on the Commission’s proposal for statutory prudential backstops on banks’ provisioning practices for new loans that turn non-performing. The EBA notes that the backstop complements the existing prudential set of measures and the new accounting provisions under IFRS9 and the advice aims at providing some qualitative considerations as well as a conservative impact analysis of the proposed measures.

    14/03/2018 - Press releases

  • EBA launches call for expression of interest for new members of its stakeholders group

    The European Banking Authority (EBA) launched today a call for expression of interest for membership to its Banking Stakeholder Group (BSG), as the mandate for the majority of its members will expire on 14 October 2018. The call for expression of interest is open to candidates representing stakeholders across the European Union. The deadline for application is 7 June 2018.

    12/03/2018 - News

  • EBA issues revised list of ITS validation rules

    The European Banking Authority (EBA) issued today 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.

    09/03/2018 - News

  • Getting familiar with the EBA templates on NPLs

    The European Banking Authority (EBA) released today a video to help all interested stakeholders get familiar with the key features of the two sets of EBA templates on non-performing loans (NPLs) published on 14 December 2017. The EBA designed the templates to help restart the secondary markets for NPLs in Europe, thus contributing to the European Council’s action plan to tackle NPLs in Europe, released in July 2017.

    08/03/2018 - News

  • The EBA launches consultation on how to manage non-performing exposures

    The European Banking Authority (EBA) launched today a consultation on its Guidelines for credit institutions on how to effectively manage non-performing exposures (NPEs) and forborne exposures (FBEs). The Guidelines target high NPE banks with the aim of achieving a sustainable reduction of NPEs to strengthen the resilience of their balance sheets and support lending into the real economy. The Guidelines are designed to ensure that consumers, who have taken out loans, are treated fairly at every stage of the loan life cycle. The consultation runs until 8 June 2018.

    08/03/2018 - News

  • The EBA CRDIV-CRR/Basel III monitoring exercise shows further improvement of EU banks capital leverage and liquidity ratios

    The European Banking Authority (EBA) published today its thirteenth Report of the CRDIV-CRR/Basel III monitoring exercise on the European banking system. This exercise presents aggregate data on EU banks' capital, leverage, and liquidity ratios assuming full implementation of the CRD IV-CRR/Basel III framework. Overall, the results, based on data as of 30 June 2017, show a further improvement of European banks' capital positions, with a total average Common Equity Tier 1 (CET1) ratio of 13.8% (13.4% as of 31 December 2016). This exercise does not reflect any BCBS standards agreed since the beginning of 2016 or any other measures currently being considered by the BCBS.

    06/03/2018 - Press releases

  • EBA launches new DPM data dictionary tools

    The European Banking Authority (EBA) launched today a new web page including the tools to access its data point model (DPM), which compiles the harmonised data requirements included in its technical standards and guidelines. The role of this data dictionary is to enable the harmonisation of the banking regulatory framework by providing a clear interpretation of data exchange requirements to all relevant stakeholders. Regulators, supervisors, financial institutions, service providers, other organisations, and the general public, can use the DPM as a common repository of clear and structured specifications of the data referred to in the banking Regulation.

    01/03/2018 - News

  • EBA takes stock of lessons learned on financial education across the EU

    The European Banking Authority (EBA) published today its first Report on financial education, covering the years 2017/18. The Report is based on a repository of more than 80 financial education initiatives carried out by the national authorities supervising banking products and services across the 28 EU Member States. The Report provides an opportunity for national authorities to share and compare experiences, and for other organisations and individuals interested in financial education to learn about, and possibly build on, the work carried out so far in this area and the lessons learned.

    01/03/2018 - Press releases

  • EBA issues Opinion on measures to address macroprudential risk

    The European Banking Authority (EBA) published today an Opinion following the notification by the National Bank of Belgium (NBB) of its intention to modify capital requirements in order to address an increase in macroprudential risk. Based on the evidence submitted by the NBB, the EBA does not object to the adoption of the proposed measure, which is based on Article 458 (2) of the Capital Requirements Regulation (CRR). This new measure aims at enhancing the resilience of Belgian banks to potential severe downward corrections in residential real estate markets.

    23/02/2018 - News

  • EBA publishes corrective update of XBRL taxonomy 2.6 for remittance of 2018 benchmarking exercise

    The European Banking Authority (EBA) published today a corrective update (version 2.6.0.1) to the XBRL taxonomy that Competent Authorities shall use for the remittance of data under the Implementing Technical Standards (ITS) on benchmarking of internal approaches, for the 2018 benchmarking exercise.

    14/02/2018 - News

  • ESAs warn consumers of risks in buying virtual currencies

    The European Supervisory Authorities (ESAs) for securities (ESMA), banking (EBA), and insurance and pensions (EIOPA) have today issued a pan-EU warning to consumers regarding the risks of buying Virtual Currencies (VCs). The ESAs warn consumers that VCs are highly risky and unregulated products and are unsuitable as investment, savings or retirement planning products.

    12/02/2018 - Press releases

  • EBA launches 2018 EU-wide stress test exercise

    The European Banking Authority (EBA) launched today its 2018 EU-wide stress test and released the macroeconomic scenarios. The adverse scenario implies a deviation of EU GDP from its baseline level by 8.3% in 2020, resulting in the most severe scenario to date. The EBA expects to publish the results of the exercise by 2 November 2018.

    31/01/2018 - Press releases

  • EBA to launch the 2018 EU-wide stress test on 31 January 2018

    The European Banking Authority (EBA) will formally launch the 2018 EU-wide stress test on 31 January 2018 at 5pm UK time. Along with the announcement, the EBA will publish the common macroeconomic scenarios for this exercise.

    24/01/2018 - News

  • EBA updates list of credit institutions subject to an LCR inflow cap derogation

    The European Banking Authority (EBA) published today an updated list of credit institutions exempted from or subject to a higher cap on inflows in the calculation of the Liquidity Coverage Ratio (LCR) in accordance with the provisions laid down in the LCR Delegated Act. Three new institutions have been added to the previous list published in May 2017.

    19/01/2018 - News

  • EBA Report shows that the Guidelines on methods for calculating contributions to deposit guarantee schemes have broadly met their aims but they would need to be reviewed in the future

    The European Banking Authority (EBA) published today a Report on the implementation of its Guidelines on methods for calculating contributions to deposit guarantee schemes (DGSs). The Report, which assesses authorities' compliance with the principles outlined in the EBA Guidelines, concludes that further analysis and greater experience of the risk-based systems in use is needed before proposing any changes to the current Guidelines.

    17/01/2018 - Press releases

  • The EBA Risk Dashboard confirms steady improvements in the EU banking sector but banks profitability and business model sustainability remain key challenges

    The European Banking Authority (EBA) published today its regular Risk Dashboard. Using quantitative risk indicators, along with the opinions of banks and market analysts from its Risk Assessment Questionnaire, the EBA’s dashboard identified ongoing improvements in the repair of the EU banking sector but also residual risks in NPLs and profitability.

    16/01/2018 - Press releases

  • EBA publishes final Guidelines on disclosure requirements of IFRS 9 transitional arrangements

    The European Banking Authority (EBA) published today its final Guidelines on disclosure requirements of IFRS 9 or analogous expected credit losses (ECLs) transitional arrangements. The guidelines specify a uniform disclosure template institutions shall use when disclosing the information on own funds, capital and leverage ratios, with and without the application of transitional arrangements for IFRS 9 or ECLs. The aim of these Guidelines is to ensure consistency and comparability of the data disclosed by institutions during the transition to the full implementation of the new accounting standard and to foster market discipline.

    12/01/2018 - Press releases