EBA agrees on definition of identified staff for remuneration purposes

The European Banking Authority (EBA) agreed on its final draft Regulatory Technical Standards (RTS) on criteria to identify categories of staff whose professional activities have a material impact on an institution’s risk profile. These identified staff will be subject to provisions related, in particular, to the payment of variable remuneration. The EBA will submit the draft RTS on 16 December 2013 to the European Commission. They are part of the EBA work on the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in the European Union (EU).

EBA publishes final draft Technical Standards on information exchange between home and host competent authorities

<p>The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS) on information exchange between home and host competent authorities regarding branches and service providers. The draft Technical Standards do not introduce any direct reporting requirements, but propose a structured and consistent process in the provision of key supervisory information across the EU.</p>

EBA publishes final draft Implementing Technical Standards on joint decisions on institution-specific prudential requirements

The European Banking Authority (EBA) published today its final draft Implementing Technical Standards (ITS) on joint decisions on institution-specific prudential requirements. These ITS will ensure uniform conditions of application of the joint decision process - on capital and liquidity - between consolidating supervisors and relevant competent authorities.

EBA publishes final draft technical standards on own funds

The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS) on own funds ‘Part three', which set out criteria to deduct indirect and synthetic holdings, to define broad market indices and to calculate minority interest. These final draft RTS will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in Europe and namely at strengthening the quality of capital.

EBA final draft technical standards on own funds

The European Banking Authority (EBA) published its final draft Regulatory Technical Standards (RTS) and final draft Implementing Technical Standards (ITS) on own funds. These final draft RTS and ITS will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in Europe and namely at strengthening the quality of capital.

EBA publishes final draft Technical Standards on passport notifications

The European Banking Authority (EBA) published today final draft Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS) on passport notifications. These RTS and ITS aim to specify the information that needs to be notified to competent authorities, as well as forms, templates and procedures underlying the submission of passport notifications

EBA consults on methodology for global systemically important institutions

The European Banking Authority (EBA) launched today a public consultation on the methodology for identifying Global Systemically Important Institutions (G-SIIs). The work aims at ensuring a transparent identification process in line with international regulatory work on global systemically important banks. The public consultation runs until 28 February 2014 and covers the draft RTS on the methodology for identifying G-SIIs, and draft ITS and Guidelines on the disclosure of the value of indicators used in the identification process.

EBA consults on draft Technical Standards on Passport Notifications

The European Banking Authority (EBA) launches today two consultations on draft Regulatory and Implementing Technical Standards (RTS and ITS) on Passport Notifications aimed at specifying the information to be notified to the competent authorities as well as to develop standard forms, templates and procedures underlying the submission of passport notifications. Both consultations run until 21 August 2013.

EBA publishes follow-up review of banks transparency in their 2012 reports

The European Banking Authority (EBA) published today a follow-up review aimed at assessing the disclosures made by 19 European institutions in response to the Basel Pillar 3 requirements, as set out in the EU Capital Requirements Directive (CRD). Overall, despite improvements in some specific areas, credit institutions’ compliance with disclosure requirements remains unchanged compared to last year’s assessment where no bank had fully met all the requirements. The report also highlighted that comparability and consistency of disclosures between the different institutions could be improved.

EBA publishes final draft technical standards on conditions for assessing materiality of extensions and changes of internal approaches for credit and operational risk

The European Banking Authority (EBA) published today its final regulatory technical standards (RTS) specifying the conditions for assessing the materiality of extensions and changes of internal approaches for credit and operational risk. These RTS will be part of the Single rulebook aimed at enhancing regulatory harmonisation in Europe.

EBA publishes final draft technical standards on the determination of the overall exposure to a client or a group of connected clients in respect of transactions with underlying assets

The European Banking Authority (EBA) publishes today its final draft Regulatory Technical Standards (RTS) which define the conditions and methodologies used to determine the overall exposure to a client or group of connected clients resulting from an exposure to a transaction with underlying assets and the risks inherent in the structure of the transaction itself. The standards will be part of the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in the European Union (EU).

EBA presents data on high earners in EU banks

The EBA published today a report featuring data on the remuneration of EU bank staff who received one million Euro or more in total in 2010 and 2011. The report focuses on the gathering of numerical data and provides a first analysis of remuneration structures across the EU. Overall, results show that the number of high earners is limited in most member states, but quite significant in others.

EBA presents data on high earners in EU banks for 2012

The EBA published today a report on the remuneration of EU bank staff who received one million Euro or more in total in 2012. Figures show that the number of high earners was limited in most Member States and quite significant in some others. The report is part of the EBA’s work on bank staff remuneration policies aimed at ensuring prudent and sustainable risk taking in the EU banking sector.

EBA, EIOPA and ESMA publish Joint Position on product oversight and governance processes

The Joint Committee of the three European Supervisory Authorities published today eight principles applicable to the oversight and governance processes of financial products. These principles cover in particular the responsibilities of manufacturers and producers in setting up processes, functions and strategies for designing and marketing financial products, as well as at reviewing the products’ life cycle.

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