Press releases

The European Banking Authority (EBA) welcomes the enhancement of the FX Global Code (the Code) and the publication of its May 2016 update. The objective of the Code is to promote the integrity and effective functioning of the wholesale FX market. The Code’s guidelines for responsible participation in the FX market are in line with the EBA’s work fostering financial institutions’ effective governance and enhanced consumer protection in all areas of financial products and services.

The European Banking Authority (EBA) published today its final Guidelines on stress tests for deposit guarantee schemes (DGSs). The Guidelines provide a systematic methodology for planning, running and reporting on stress tests conducted by DGSs to assess their resilience to various types of scenarios in times of banking stress. In line with the Deposit Guarantee Schemes Directive (DGSD), these Guidelines will promote the quality and the consistency of these stress tests. The resulting data will also facilitate future peer reviews by the EBA, contributing to a safe and sound EU framework for the benefit of depositors and financial stability.

The European Banking Authority (EBA) published today its final draft Implementing Technical Standards (ITS) on supervisory reporting. They set out reporting requirements related to own funds, financial information, losses stemming from lending collateralised by immovable property, large exposures, leverage ratio and liquidity ratios. These draft ITS will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in the EU and facilitating a proper functioning of cross-border supervision.

The European Banking Authority (EBA) published today a Decision confirming the use of unsolicited credit assessments assigned by certain External Credit Assessment Institutions (ECAIs) for calculating institutions’ capital requirements. The Decision is part of the Single Rulebook in banking and will ensure regulatory harmonisation across the European Union (EU) regarding the use of unsolicited credit ratings for determining institutions’ own funds requirements.

The Joint Committee of the European Supervisory Authorities (EBA, EIOPA, ESMA - ESAs) published today its Opinion on the European Commission’s (EC) intention to amend the draft Implementing Technical Standards (ITS) on the mapping of External Credit Assessment Institutions’ (ECAIs) credit assessments under the Capital Requirements Regulation (CRR) and Solvency II Directive. The Opinion was produced in response to the EC’s proposed amendments to these draft ITS.

The European Banking Authority (EBA) launched today a consultation on its draft Guidelines on the Liquidity Coverage Ratio (LCR) disclosure. These Guidelines harmonise and specify both the qualitative and quantitative information that institutions are required to disclose on liquidity and namely on the LCR. The consultation will run until 11 August 2016.

The European Banking Authority (EBA) published today a guidance document to assist competent authorities in compiling IMF Financial Soundness Indicators (FSI) for deposit takers using statistical input derived from the EBA Implementing Technical Standards (ITS) on supervisory reporting. Authorities are encouraged to use this guidance and the comprehensive mapping between the FSI forms and the EBA ITS templates to foster harmonised FSI reporting by the EEA authorities. In addition, it provides transparency to FSI users on how they have been computed for EEA countries.

The European Banking Authority (EBA) published today a Discussion Paper on innovative uses of consumer data by financial institutions, in line with its mandate to monitor financial innovation. The paper identifies risks and benefits for consumers and financial institutions, as well as for financial integrity in general. Feedback received on this Discussion Paper will inform the EBA’s decision on which, if any, further actions may be required to mitigate the risks arising from this innovation, while also allowing market participants to harness its benefits.

The European Banking Authority (EBA) published today corrective updates to two versions of its XBRL taxonomies for supervisory reporting, correcting technical errors in the implementation of some validation rules.

The European Banking Authority (EBA) issued today an Opinion to the European Commission supporting its proposed amendment to the draft Regulatory Technical Standards (RTS) on additional collateral outflows with regard to the historical look-back approach (HLBA) calculation method. The amendment follows the European Commission’s request to amend the draft RTS using the specifications provided by the Basel Committee on Banking Supervision (BCBS).

The European Banking Authority (EBA) launched today a consultation on draft Regulatory Technical Standards (RTS) on the disclosure of encumbered and unencumbered assets for the provision of transparent and harmonised information on the topic, as laid down in the Capital Requirements Regulation (CRR). These draft RTS, which build on the EBA Guidelines on the same topic, detail the disclosure requirements and provide additional information. The consultation will run until 25 July 2016.

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

The European Banking Authority (EBA) published today the first list of Other Systemically Important Institutions (O-SIIs) in the EU. The institutions have been identified by relevant authorities across the Union according to harmonised criteria provided by the EBA in its Guidelines for the assessment of O-SIIs, which in turn build on the global framework for dealing with Domestic Systemically Important Banks (D-SIBs) published by the Basel Committee for Banking Supervision (BCBS). This list, together with the EBA Guidelines, will inform the work of relevant authorities across the EU in setting capital buffers for the O-SIIs they have identified.

The European Banking Authority (EBA) published today its final Guidelines defining how confidential information collected under the Bank Recovery and Resolution Directive (BRRD) should be disclosed in summary or collective form without identifying individual institutions or relevant entities.

The EBA acknowledges updated notification from the Magyar Nemzeti Bank (the Central Bank of Hungary) with respect to its decisions on the application of the asset separation tool and related resolution measures in the ongoing resolution process of MKB Bank Zrt.