The Board of Appeal of the ESAs appoints its President and Vice-President

The Board of Appeal of the European Supervisory Authorities (ESAs) has appointed William Blair, High Court Judge, Queen’s Bench Division, as its President and Juan Fernández-Armesto, Arbitrator, formerly Chairman of the Spanish Securities and Exchange Commission, as its Vice-President.

EBA publishes final report on the recapitalisation of European banks and paves the way for the transition to the CRDIV framework

The European Banking Authority discloses today the final report on its EU-wide recapitalisation exercise and the data on all individual banks. Overall, the exercise led to an increase of banks’ capital positions of more than €200bn. 27 banks with an initial shortfall that submitted capital plans have strengthened their capital position by €116bn. Considering the still challenging market environment, the EBA’s Board of Supervisors underlined the need for banks to maintain their capital levels in view of the implementation of the new regulatory framework. In this respect, the EBA will adopt a new Recommendation on capital conservation once the final CRD IV/CRR text is agreed.

EBA publishes follow-up review of banks transparency in their 2011 Pillar 3 reports

The European Banking Authority (EBA) published today a follow-up review aimed at assessing the disclosures European banks’ made in response to the Pillar 3 requirements set out in the Capital Requirements Directive (CRD). Overall, the EBA welcomes efforts made by banks to improve their disclosure practices and to comply with the new requirements introduced with CRD3. Nevertheless, the report notes that there is still room for improvements in Banks’ Pillar 3 disclosures, and the EBA intends to continue to press for such improvements.

Call for papers for the 2nd EBA policy research workshop

The European Banking Authority (EBA) launches today a call for research papers in view of its second policy research workshop taking place on 14-15 November in London on the topic “How to regulate and resolve systemically important banks”.

Update of the Credit institutions Register

The European Banking Authority (EBA) published today an updated list of credit institutions authorised to operate within the European Union and European Economic Area countries.

Update on the technical standards on supervisory reporting requirements

<p>The EBA publishes today an updated version of the templates, instructions, validation rules and data point model for implementing technical standards (ITS) on supervisory reporting (COREP and FINREP). The objective of this updated version is to facilitate credit institutions’ timely preparation for the implementation of the harmonised reporting requirements.</p>

EBA publishes good practices for responsible mortgage lending and treatment of borrowers in payment difficulties

The European Banking Authority (EBA) publishes today two Opinions on good practices for (i) responsible mortgage lending and (ii) for the treatment of borrowers in mortgage payment difficulties. Both Opinions are addressed to competent authorities and aim at promoting common practices, with the ultimate view of enhancing consumer protection and contributing to the stability, integrity and effectiveness of the financial system.

EBA consults on the process to define highly liquid assets in the Liquidity Coverage Ratio (LCR)

The EBA issues today a discussion paper presenting the methodology and scope of its forthcoming analysis on definitions of highly liquid assets. The proposed methodology is based on a scorecard, which aims at producing an ordinal ranking of assets by combining a set of different liquidity indicators. Following the outcome of the analysis, the EBA will report to the European Commission on appropriate definitions of high and extremely high liquidity and credit quality of transferable assets for the purpose of the LCR.

Consultation on draft Technical Standards for the definition of material risk takers for remuneration purposes

The European Banking Authority launches today a consultation paper on 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 material risk takers will be subject to specific provisions of the Capital Requirements Directive (CRD) related, in particular, to the payment of variable remuneration. The consultation runs until 21 August.

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